Dividend Growth Strategy

The Dividend Growth strategy is suited for income-oriented investors seeking to buy profitable companies that are growing their dividends. The strategy is designed to hold up to 20 stocks in its portfolio, with a maximum of 5 stocks in one industry group. The strategy emphasizes stocks with high expected dividend yields, as well as long track records of earnings growth, dividend growth and low price betas. Importance is also placed on stocks with high reported cash flow to debt ratios and high earnings estimate revisions. Stocks are screened to ensure that they have minimum liquidity, analyst coverage, expected dividend yield and earnings estimate revision as well as a limit on dividend payout ratio.