"Dividends become a tool for investors to determine the persistence of earnings changes, which is, said differently, all about the credibility of past reporting."
 
  -- Lowell Miller
 
 
Slide Mountain Copyright Judy Glasel  

Miller/Howard Investments is an independent, employee-owned investment firm offering separate account management of high-quality dividend growth portfolios for investors seeking income and preservation of capital.

Our investment philosophy is based on the formula:

HIGH QUALITY
+
HIGH YIELD
+
GROWTH OF YIELD
=
HIGH TOTAL RETURN
We have found that financially strong companies with rising dividends offer the most consistent performance as well as the highest added value. Over the long-term, dividend-paying stocks outperform non-dividend paying stocks and companies that increase their dividends perform the best. Stock prices may fluctuate but dividends are always positive, and, over time, increases in dividends induce increases in the price of the equity generating those dividends.
     
   
   
   
   
   
     
   
   
   
   
 
 

In addition to historically providing above market long-term returns, our portfolios are socially and environmentally screened eliminating companies that earn their revenues from alcohol, tobacco, nuclear power, firearms, and gambling and that egregiously pollute the environment, operate maquiladora plants or engage in unfair and discriminatory employment practices. [See Social Investment Policy]

For those investors interested in investing in dividend income funds, we sub-advise theTouchstone Premium Yield Equity Fund. Visit the Fund's website, www.touchstoneinvestments.com for information on how to invest. [Please note: we are not the owner/advisor of the fund and do not handle account set-up or administration.]


For those investors interested in investing in mutual funds, we sub-advise the Flex-funds Total Return Utilities Fund. Visit the fund's website, www.flexfunds.com, for information on how to invest. [Please note: we are not the owner/advisor of the fund and do not handle account set-up or administration.]