Valuentum Exclusive Analysis for the Discerning Investor

Symbol Keyword

Dividend Increases/Decreases for the Week of August 1
Let's take a look at firms raising/lowering their dividends this week.

Dividend Increases/Decreases for the Week of February 14
Let's take a look at firms raising/lowering their dividends this week.

Dividend Increases/Decreases for the Week of August 2
Let's take a look at firms raising/lowering their dividends this week.

Dividend Increases/Decreases for the Week of February 23
Let's take a look at firms raising/lowering their dividends this week.

Dividend Increases/Decreases for the Week of August 11
Let's take a look at firms raising/lowering their dividends this week.

Dividend Increases/Decreases for the Week of February 24
Let's take a look at firms raising/lowering their dividends this week.

Things Are Bad Out There
The Bank of England’s intervention to stem what might have turned into a “run on the bank” dynamic for pension funds in the country amid a collapsing pound has given rise to the view that the Fed may start to slow its rate of increases amid global uncertainty. We think it’s too early to tell. From our perspective, the Fed remains committed to stomping out inflation, something that it may not truly be able to do, given that interest rate hikes may be too blunt of an instrument to stymie food cost inflation, which remains one of the the biggest inflationary headwinds that is hurting consumer budgets. What is happening on the global stage is quite concerning, and we remain bearish on the equity markets. The bull case may very well be a deep recession in the U.S., where dollar cost averaging in the U.S. markets could be had, followed by sharp interest rate cuts by the Fed, and a return to all-time highs. This is not a time to lose interest, but a time to pay even closer attention to your investments. What you do over the next couple years will have implications on your portfolio 5, 10, and 20 years forward. Let’s keep focused on preserving and building long-term wealth!

Dividend Increases/Decreases for the Week of August 12
Let's take a look at firms raising/lowering their dividends this week.

High-Yielding Philip Morris Adeptly Navigating Exogenous Shocks
Image Shown: Utilizing a combination of innovation and brand strength, Philip Morris has been able to grow its market share of the tobacco industry in relevant regions in recent quarters. Image Source: Philip Morris – First Quarter of 2022 IR Earnings Presentation. There are a lot of reasons to like Philip Morris International as a high-yielding income growth opportunity. Its portfolio includes numerous top selling cigarette brands including Marlboro, L&M, Chesterfield, Parliament, and others. After splitting with Altria Group back in 2008, Philip Morris has the right to sell these cigarette brands in international markets while Altria Group has the right to sell these branded tobacco products in the US market. Philip Morris is a free cash flow generating powerhouse that utilizes its immense pricing power, along with ongoing cost structure improvement initiatives to offset secular declines in cigarette unit volumes to support its financial performance. We appreciate that Philip Morris is transitioning towards sales of alternative tobacco products such as its IQOS heated tobacco unit (‘HTU’) offering to support its longer term growth outlook. We include Philip Morris as an idea in the High Yield Dividend Newsletter portfolio and shares of PM yield a nice ~4.8% as of this writing. Sales of its IQOS products have grown robustly in recent years, and in our view, there is ample room for additional upside potential here. Before covering that upside, let’s first go over the developing legal situation in the US as it concerns marketing its IQOS product.

Dividend Increases/Decreases for the Week March 4
Let's take a look at companies that raised/lowered their dividend this week.