The market can remain irrational longer than you can remain solvent. -John Maynard Keynes.
We believe the market is extrapolating recent strong performance for Business Development Companies ("BDCs") too far into the future. We have no interest in shorting BDCs, however we did reduce our exposure earlier this year because we believe many of them will underperform and there are better opportunities elsewhere (such as select high-yield healthcare REITs, more on this in our conclusion). This article offers three explanations for the recent strong performance from BDCs, three reasons why we believe they'll be challenged going forward, we consider three counterpoints to our thesis, and finally we highlight three specific BDCs (Prospect (Nasdaq: PSEC), Main Street (NYSE: MAIN)... more
One investing school of thought is that you should find an amazing investor and ride his or her coattails to fun and profit. This certainly worked out well for those who bet on history's greatest investor, Warren Buffett, by investing in Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B). You can view Buffett's high dividend stock portfolio here.
After all, if you invested $10,000 in Berkshire in 1965, your position would be worth a staggering $88 million today. Of course, the odds that Buffett can recreate that kind of success in the coming years are all but impossible due to the massive size of Berkshire; something he himself freely admits.
However, there are still ways for investors to invest alongside legendary investors, including private equity and hedge fund legends... more
The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has declared a regular quarterly cash dividend on its common stock of $0.30 per share. The cash dividend will be paid on June 1, 2017, to shareholders of record on May 12, 2017.... more
Triumph Group, Inc. (NYSE: TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable June 15, 2017 to shareholders of record as of June 1, 2017.... more
The Dividend Dogs Rule
Stocks earned the "dog" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs." More precisely, these are, in fact, best called, "underdogs".
50 Top S&P SmallCap 600 Dividend Dogs By Yield
Actionable Conclusion (1) 10 Top S&P SmallCap 600 Dividend Stocks By Yield
Top ten S&P SMallCap 600 stocks selected 4/21/17 by yield represented four of eleven Morningstar sectors. Top yielding stock, Stein Mart (SMRT)  was the one of four consumer cyclical sector representatives in the top ten.
The other three consumer... more
The Board of Directors of Apogee Enterprises, Inc. (Nasdaq: APOG) announced it has declared a quarterly cash dividend of $0.14 per share, payable on June 2, 2017 to shareholders of record on May 19, 2017. The company has approximately 28.7 million shares outstanding.... more
Brookfield Infrastructure Partners (NYSE: BIP) has performed strongly for investors in recent years, almost tripling in value since listing in 2008. The partnership continues to garner considerable attention because of its ongoing solid performance, defensive characteristics, savvy management and attractive yield that now exceeds 4%.
Brookfield Infrastructure as discussed in an earlier article, it is one of the best growth stocks on the market because it is well positioned to benefit from the ever-widening global infrastructure gap and possesses solid growth characteristics. These are mixed with a wide economic moat and solid defensive attributes including operating hard assets in oligarchical markets where there is relatively inelastic demand for their utilization.
The entities... more
The Dividend Dogs Rule
The "dog" moniker was earned by stocks exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs." More specifically, these are, in fact, best called, "underdogs".
Nine of Eleven Sectors Bring "Safer" Dividends to The S&P MidCap 400 Index
Nine Morningstar sectors of eleven are represented by the 34 "Safer" members of the S&P MidCap 400 Index. They showed positive annual returns and margins of cash to cover dividends by this screen as of April 21.
The "safer" dividend S&P MidCap 400 ® Index sector... more
By Michele Leung
While the idea of reflation is picking up steam in global markets, Japan's core consumer price index rose 0.2% in February 2017, which remained far below the target of 2% set by the Bank of Japan (BoJ). The BoJ kept monetary policy steady in March 2017, continuing the diverging policy paths of central banks.
In fact, despite the rising rate environment in the U.S., the last BoJ minutes noted that "the monetary policy in Japan should be decided based on Japan's economic activity and prices." It also dropped hints by adding, "It will be a considerable amount of time before the Bank will need to change its monetary policy." In an attempt to achieve the "price stability target" of 2% at the earliest possible time, the Bank of... more