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Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Mar 31, 2024
View Current and Archived Dividend Growth Newsletters
View previous editions of the Dividend Growth Newsletter in this article. At Valuentum, we seek to deliver to our subscribers the best dividend growth ideas, and our Dividend Growth Newsletter does just that for dividend growth investors. The Dividend Growth Newsletter portfolio puts into practice our rigorous valuation and dividend growth frameworks. The Dividend Growth Newsletter portfolio is generally found on page 5 of each edition.
Mar 30, 2024
General Mills Doing a Lot of Things Right, Shares Yield ~3.4%
Image Source: General Mills. General Mills has a long history, and the company’s ESG standards are admirable. Management is committed to the concept that the G in General Mills stands for “Good.” In 2022, for example, 29 million meals were enabled by donations of General Mills food across the globe. Roughly 87% of renewable energy was sourced for its global operations, while 92% of the company’s packaging is recyclable or reusable, as measured by weight. As for people, 50% of its Board of Directors are women, while 33% are ethnically diverse. During 2022, $90 million was contributed to charities by the company and its Foundation worldwide.
Mar 29, 2024
In the News: Inflation, Walgreens, SPACs/IPOs, and Marine Insured Losses
Inflation comes in-line with expectations regarding the critical PCE price index release for February. Walgreens remains in the doghouse following the firm's recent dividend cut. SPACs and IPOs are alive and well with Redditt hitting the market and Trump Media & Technology garnering interest. The tanker Dali collided into Baltimore's Francis Scott Key Bridge, causing loss of life and billions in estimated insured damages.
Mar 29, 2024
Latest Report Updates
Check out the latest report updates on the website.
Mar 29, 2024
Dividend Increases/Decreases for the Week of March 29
Let's take a look at firms raising/lowering their dividends this week.
Mar 28, 2024
Micron Issues Strong Outlook, Points to Multi-Year Opportunity in AI
Image Source: Micron. Micron operates in the ultra-cyclical semiconductor industry, and while the next few quarters may be robust, we’re cautious on the sustainability of the momentum and pricing health beyond the next few quarters, despite management’s optimism in fiscal 2025. Free cash flow has also been negative during the first six months of its fiscal year, and its net debt position precludes it from being a net-cash-rich, free-cash-flow generating powerhouse like so many other companies in the technology space. All things considered, we liked Micron’s quarterly report and outlook, but it’s not enough for us to pull the trigger on the idea for the Best Ideas Newsletter portfolio.
Mar 27, 2024
Boeing Shakes Up Executive Team
Image Source: Kanesue. We like the shake-up in the executive suite at Boeing, and while there is much work to do to get Boeing back on track to improve relations with the public regarding the safety of their planes following a number of incidents the past few years, we're optimistic the changes will be a means to that end. Boeing continues to benefit from its oligopolistic position in the aircraft making industry, and its backlog of unfulfilled deliveries remains robust. We're not changing our fair value estimate of Boeing as a result of the management shakeup, but we don't have any plans of adding Boeing to any newsletter portfolio at this time either.
Mar 26, 2024
McCormick Targeting Strong Adjusted Earnings Growth in Fiscal 2024
Image Source: McCormick. On March 26, spice maker McCormick & Company reported solid first quarter fiscal 2024 results for the period ended February 29. The company’s sales advanced 2% on a constant-currency basis, while adjusted operating income increased 4% on a constant-currency basis. Adjusted earnings per share came in at $0.63 compared to $0.59 in the same period last year, showcasing a 7% year-over-year increase. The results were good enough to send the stock meaningfully higher following the report.
Mar 25, 2024
Fedex Bolstered By Cost Savings from Its DRIVE Program
Image: FedEx continues to extract cost savings from its DRIVE initiatives. FedEx is doing a lot of things right as it drives cost savings from its DRIVE program in the face of a challenging revenue environment. Shares of FedEx bounced nicely following the release of its fiscal third quarter report, and while they aren’t trading at bargain basement prices on the basis of our fair value estimate, we think shares could have upside to north of $300 based on the high end of our fair value estimate range. Shares yield ~1.8% at the time of this writing.
Mar 24, 2024
Ameresco’s Shares Under Pressure Despite Record Backlog and Asset Pipeline Metrics
Image Source: Ameresco’s backlog of opportunities remains robust. We like the trajectory of Ameresco’s backlog, its order momentum as well as commentary that “proposal activity (remains) at an all-time high.” The company’s track record and technical know-how suggest to us that win rates will likely continue to be healthy. That said, we continue to monitor Ameresco’s debt position and adjusted operating cash flow trends closely, and while the firm remains an idea in the ESG Newsletter portfolio, we’re viewing it as a source of cash should another ESG idea present a better risk-reward opportunity.


The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports, articles and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. The sources of the data used on this website are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor and does not offer brokerage or investment banking services. Valuentum, its employees, and affiliates may have long, short or derivative positions in the stock or stocks mentioned on this site.