Miller/Howard Investments Blog
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.…
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Investors who ride out periods of equity market volatility have been well rewarded by sticking with high-yield stocks. Yet, “How am I doing?” remains a fair question from savers. With gyrating stock prices, there is no easy answer, and the question becomes more pointed as interest rates rise.…
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The current situation is very uncertain. Our view is that the best approach is to stick with companies that are maintaining high levels of free cash flow while others are faltering. These companies should be able to continue to pay high and rising dividends, in our opinion. …
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Fear of inflation loomed over the market from the outset of the first quarter, only to be joined by a new risk in February—fallout from the Russian invasion of Ukraine. Military conflict inserts a new set of risks into the global market, just as investors were anticipating an economic rebound from the easing of COVID restrictions. Given the risks we have discussed and the market’s rocky start to the year, a fair question to ask is, “How do income stocks perform in down markets?”…
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Despite the daily barrage of negative headlines, we still believe that we are months, rather than years, away from the end of the pandemic dominating daily behavior.…
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When most investors think of retirement income, or just investment income in general, they usually think of bonds and not stocks.…
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We are committed to managing the risks we see to ensure that our portfolios’ risk exposure suits our clients’ risk appetite.…