Miller/Howard Investments Blog
The high and growing levels of stock-based executive compensation create misleading comparisons with non-dividend-paying stocks. Once non-cash executive compensation is adjusted out, stocks with higher dividend yields are actually superior on both free cash flow margins and free cash flow yields.…
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In our view, the day will come when stock market performance will no longer be concentrated in just the largest-cap companies. As returns broaden, we expect high-yield dividend stocks to resume their historical outperformance. And in the meantime, we expect high-yield dividend stocks to continue generating solid investment…
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A molecule comprising four hydrogen atoms and one carbon atom can create quite an array of benefits and challenges. Thanks to that molecule, CH4, people can boil water for tea, keep their kids warm in the winter and cool when summer bears down. It is small, colorless, and odorless. …
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We believe the midstream sector provides a unique income solution for investors—and, more specifically, provides income and growth of income. …
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We have shown that healthy, growing companies (characterized by high free cash flow yields and good revenue and earnings per share growth) are more likely to announce dividend increases, and are more likely to announce larger increases. In turn, bigger dividend increases are associated with better performance in the same year and in the following year.…
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Both high-dividend-yield and low-volatility stocks have significantly outperformed the broad market over the past 50 years. Investing without hubris means adopting an approach that has worked over long periods without requiring a crystal ball.…
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Tech stocks are on the run again this year, with investors drawn both to the promise of artificial intelligence (AI) and the safe haven appeal of large tech companies with cash-heavy balance sheets. But how have high-dividend-paying tech stocks fared over the long term? High-yielding stocks have outperformed the broad market over the long term, as we have shown in past quarterlies. For technology stocks, it’s a tighter race. …
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At Miller/Howard, we are big believers in the benefits of high dividend paying stocks. Recently, we were offered yet another example of the power of compounding dividends.…
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When inflation swells, hawkish economists typically advise the Fed to raise interest rates until something breaks. Mission accomplished! The banking turmoil started with Silicon Valley Bank (SIVB, not held). SIVB became vulnerable—not by making bad loans, but by buying long-dated bonds prior to the recent rise in interest rates. SIVB’s deposit base was dominated by tech companies with balances well above the FDIC guarantee. It was the perfect setup for a bank run.…
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Embracing uncertainty leads investors away from portfolios tailor-made for specific scenarios and towards solutions that control risk and offer likely returns, even in volatile times.…
