Miller/Howard believes that high quality, financially-strong companies with high and rising dividends offer the most consistent performance as well as the highest added value. This investment philosophy underpins each of the firm’s strategies and supports our objective—to provide a high and rising stream of income.
Over the long term, numerous studies have shown that dividend-paying stocks outperform non-dividend-paying stocks, and companies that increase their dividends generally perform the best. Stock prices may fluctuate, but dividends are always positive, and over time, increases in dividends can induce increases in the price of the equity generating those dividends.
"High quality" is an assessment we make based on many factors, including balance sheet strength plus a company's ESG (Environmental, Social, and Governance) policies and practices. We seek companies that have the ability and willingness to pay and grow the dividend.
Income-producing equities are essential to building long-term wealth. Dividend income can be used to fund current spending needs or, when reinvested, to drive the power of compounding to grow wealth over time.
Our strategies invest in infrastructure, essential services, and MLPs (Master Limited Partnerships), as well as diversified strategies that invest across all sectors. See our strategies.