This portfolio seeks quality, large-cap companies with rising dividends at reasonable valuations. A quality company should have low debt, stable cash flow, and productive assets. We generally look for firms with five or more consecutive calendar years of dividend increases. Moreover, we attempt to buy these quality companies without paying premium prices.
The watchword for the WCA Rising Dividend Portfolio strategy is quality. We look for resilient, conservatively-financed businesses with a competitive advantage. Academic studies show that quality is one of the few market anomalies that tend to persist over time.
Eligible companies must have demonstrated at least five consecutive years of dividend increases. Failure to raise the dividend is grounds for removal from the portfolio. Yet, we do not see a rising dividend as an end in itself, as much as a means to find quality. Thus, dividend growth rather than dividend yield is most important to us.
Quality endures and we seek to buy it at a reasonable price. We use a proprietary valuation process using leading-edge techniques.
We seek solid risk-adjusted returns and income growth, but no strategy outperforms in all markets. Quality styles tend to perform better in flat to down markets, but lag in strong bull markets. Because the strategy avoids high debt and volatile earnings, performance can differ substantially from traditional value strategies.
[{"id":35527,"link":"https:\/\/washingtoncrossingadvisors.com\/broadridge-financial-solutions-q3-2024-dividend-announcement\/","name":"broadridge-financial-solutions-q3-2024-dividend-announcement","thumbnail":{"url":false,"alt":false},"title":"New WCA Rising Dividend Portfolio Dividend Behavior Piece","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Aug 6, 2024","dateGMT":"2024-08-06 14:19:31","modifiedDate":"2024-08-07 19:14:48","modifiedDateGMT":"2024-08-07 19:14:48","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":0,"sec":12},"status":"publish","content":"Please see the attached PDF for a new Rising Dividend Portfolio Dividend Behavior piece. This document highlights Dividend Per Share Growth, Annualized Dividends, and Payout Ratios, among other portfolio statistics."},{"id":35444,"link":"https:\/\/washingtoncrossingadvisors.com\/the-stock-market-parallels-and-contrasts-with-1999\/","name":"the-stock-market-parallels-and-contrasts-with-1999","thumbnail":{"url":false,"alt":false},"title":"The Stock Market: Parallels and Contrasts with 1999","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Jun 4, 2024","dateGMT":"2024-06-04 14:44:17","modifiedDate":"2024-12-20 16:56:22","modifiedDateGMT":"2024-12-20 16:56:22","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":2,"sec":29},"status":"publish","content":"PDF SimilaritiesIn both 1999 and today, the stock market exhibits strong momentum and a herd mentality, particularly among the largest, most valuable companies. This is evidenced by the significant valuation"},{"id":35420,"link":"https:\/\/washingtoncrossingadvisors.com\/quality-why-it-still-matters\/","name":"quality-why-it-still-matters","thumbnail":{"url":false,"alt":false},"title":"Quality: Why It Still Matters","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"May 22, 2024","dateGMT":"2024-05-22 12:39:46","modifiedDate":"2024-10-15 20:22:25","modifiedDateGMT":"2024-10-15 20:22:25","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":33},"status":"publish","content":"PDF From last October\u2019s lows, the total value of stocks in the United States is up another $10 trillion. Sitting near $55 trillion, the U.S. stock market is now within"},{"id":35252,"link":"https:\/\/washingtoncrossingadvisors.com\/the-profit-quality-connection\/","name":"the-profit-quality-connection","thumbnail":{"url":false,"alt":false},"title":"The \"Profit\" \/ \"Quality\" Connection","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Feb 26, 2024","dateGMT":"2024-02-26 20:57:45","modifiedDate":"2024-07-19 14:53:06","modifiedDateGMT":"2024-07-19 14:53:06","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":3,"sec":22},"status":"publish","content":"PDF Imagine you have two options for investing your savings: keeping it in a piggy bank at home or investing in a local business. If the business can use your"},{"id":35198,"link":"https:\/\/washingtoncrossingadvisors.com\/breaking-down-the-economic-scene-how-deficits-impact-your-portfolio\/","name":"breaking-down-the-economic-scene-how-deficits-impact-your-portfolio","thumbnail":{"url":false,"alt":false},"title":"Breaking Down the Economic Scene: How Deficits Impact Your Portfolio","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Jan 31, 2024","dateGMT":"2024-01-31 20:52:06","modifiedDate":"2024-05-22 12:47:37","modifiedDateGMT":"2024-05-22 12:47:37","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":23},"status":"publish","content":"Imagine this: The U.S. economy had a stellar year last year, outperforming Europe with a robust 2.5% growth rate. This is a far better performance than almost anyone imagined. It"},{"id":35125,"link":"https:\/\/washingtoncrossingadvisors.com\/qualityland\/","name":"qualityland","thumbnail":{"url":false,"alt":false},"title":"Qualityland","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Dec 11, 2023","dateGMT":"2023-12-11 17:22:28","modifiedDate":"2024-02-09 16:31:51","modifiedDateGMT":"2024-02-09 16:31:51","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":3,"sec":25},"status":"publish","content":"At Washington Crossing Advisors (WCA), we go to great lengths describing the high quality businesses selected in our Rising Dividend and Victory equity portfolios. We believe in buying quality companies"},{"id":35114,"link":"https:\/\/washingtoncrossingadvisors.com\/nike-q1-24-dividend-announcement\/","name":"nike-q1-24-dividend-announcement","thumbnail":{"url":false,"alt":false},"title":"Nike Q1 '24 Dividend Announcement","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Nov 17, 2023","dateGMT":"2023-11-17 15:36:57","modifiedDate":"2023-11-17 15:36:58","modifiedDateGMT":"2023-11-17 15:36:58","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":17},"status":"publish","content":"17 November 2023 I Beaverton, OR The board of directors of Nike, Inc. (NYSE: NKE) has declared a regular quarterly dividend of\u00a0$0.37\u00a0per common share, an increase of approximately 9% from"},{"id":35089,"link":"https:\/\/washingtoncrossingadvisors.com\/adp-q1-24-dividend-announcement\/","name":"adp-q1-24-dividend-announcement","thumbnail":{"url":false,"alt":false},"title":"ADP Q1 '24 Dividend Announcement","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Nov 8, 2023","dateGMT":"2023-11-08 17:30:45","modifiedDate":"2023-11-08 17:30:47","modifiedDateGMT":"2023-11-08 17:30:47","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/dividend-announcements\/\" rel=\"category tag\">Dividend Announcements<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":4},"status":"publish","content":"8 November 2023 I Roseland, NJ The board of directors of ADP (Nasdaq: ADP) has declared a regular quarterly dividend of\u00a0$1.40\u00a0per common share, an increase of approximately 12% from the"},{"id":35085,"link":"https:\/\/washingtoncrossingadvisors.com\/emerson-electric-q4-23-dividend-announcement\/","name":"emerson-electric-q4-23-dividend-announcement","thumbnail":{"url":false,"alt":false},"title":"Emerson Electric Q4 '23 Dividend Announcement","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Nov 8, 2023","dateGMT":"2023-11-08 16:06:07","modifiedDate":"2023-11-08 17:34:46","modifiedDateGMT":"2023-11-08 17:34:46","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":4},"status":"publish","content":"7 November 2023 I St. Louis, MO The board of directors of Emerson (NYSE: EMR) has declared a regular quarterly dividend of $0.525 per common share, an increase of approximately 1% from"},{"id":35013,"link":"https:\/\/washingtoncrossingadvisors.com\/equity-risk-premium-whats-it-all-about\/","name":"equity-risk-premium-whats-it-all-about","thumbnail":{"url":false,"alt":false},"title":"Equity Risk Premium: What's It All About?","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Sep 18, 2023","dateGMT":"2023-09-18 14:44:24","modifiedDate":"2023-11-13 16:55:33","modifiedDateGMT":"2023-11-13 16:55:33","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":2,"sec":24},"status":"publish","content":"Page through any investment brochure, factsheet, or presentation, and you\u2019ll eventually get to the disclosure language claiming \u201cAll investing involves risk.\u201d For fixed income investors, credit spreads over risk-free U.S."},{"id":35005,"link":"https:\/\/washingtoncrossingadvisors.com\/wcas-unique-approach-to-quality\/","name":"wcas-unique-approach-to-quality","thumbnail":{"url":false,"alt":false},"title":"WCA's Unique Approach to Quality","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Sep 12, 2023","dateGMT":"2023-09-12 16:04:50","modifiedDate":"2023-11-13 16:55:42","modifiedDateGMT":"2023-11-13 16:55:42","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":41},"status":"publish","content":"Many managers use textbook financial ratios such as return on equity, debt to equity, and earnings per share variability to evaluate the quality and value of a company. However, these"},{"id":34992,"link":"https:\/\/washingtoncrossingadvisors.com\/the-necessity-of-a-strong-consumer\/","name":"the-necessity-of-a-strong-consumer","thumbnail":{"url":false,"alt":false},"title":"The Necessity of a Strong Consumer","author":{"name":"Jeffrey Battipaglia","link":"https:\/\/washingtoncrossingadvisors.com\/author\/battipagliaj\/"},"date":"Sep 5, 2023","dateGMT":"2023-09-05 13:17:33","modifiedDate":"2023-10-23 16:48:37","modifiedDateGMT":"2023-10-23 16:48:37","commentCount":"0","commentStatus":"closed","categories":{"coma":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a>, <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>","space":"<a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/rising-dividend\/\" rel=\"category tag\">Rising Dividend<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/victory\/\" rel=\"category tag\">Victory<\/a> <a href=\"https:\/\/washingtoncrossingadvisors.com\/category\/weekly\/\" rel=\"category tag\">Weekly (distribution list)<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":3,"sec":11},"status":"publish","content":"Consistency is a big part of quality. Our search for consistency leads us to companies that generate dependable growth. And the most consistent growth engine of the world's economy \u2014"}]