MILLER/HOWARD RESEARCH - Research & Studies on Dividends

Dividends: It's Payback Time!
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The markets are rewarding companies that pay dividends. Here's How to load up - smartly.

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Why Dividends Matter - The Lost Decade
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This illustration shows what would have happened to a $1 million portfolio invested for a 10 year period and demonstrates the impact that rising dividends can have on total return over time, especially in a sideways market.

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Alpha Hiding in Plain Sight?
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Institutional investors and analysts have become obsessed with alpha — a measure of investment performance that used to be called excess return or value added. Our study, using data going back to 1993, shows you where alpha’s been hiding this whole time (and it’s right in front of your nose).

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MLP Executive Summary
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We’ve found that many investors — and even accounting professionals — are misinformed or confused about the tax consequences of MLPs, and in which types of accounts it’s appropriate to use them. Here’s a quick overview from our perspective.

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Will My Money Last as Long as I Do?
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We share some thoughts on the role dividends can play in a portfolio that needs ongoing withdrawals. There is a qualitative difference between “total return” and a return composed of “income plus appreciation.” This difference may be able to solve some of the most pressing problems of long-term “life support” from an investment portfolio.

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The Human Face of Dividends
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When a company raises its dividends, what does it really mean? Using a clever article by two Carnegie Mellon University professors as a jumping off point, we explain why, quite simply, if you’re getting cash, that means the company actually made cash. Dividend changes may offer the best cure for investors’ perpetual state of anxiety about the reliability of the information coming from management.

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Income and the Long View
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There has been a notable trend among market strategists and in the media toward time-tested, classic approaches to investing. Among the foremost elements of classic investing is the demand for dividends. Learn how and why dividend-paying stocks outperform the average stock, and stocks with rising dividends have, in most periods, ranked among the highest performers.