"With earnings growth on the decline, there's renewed interest in what was once considered an old-fashioned investment."
 
  -from Dividend Paying Stocks May Lead a Trend
 
 
Slide Mountain, NY Copyright Judy Glasel
Featured Articles:
Research & Studies on Dividends
Why Dividends Matter: Dividends matter in a sideways market
Alpha Hiding In Plain Sight?
MLP Executive Summary: Many investors are uncertain about the tax consequences of MLPs, and which types of accounts are appropriate in which to use them. This is a quick overview as we see the issues.(pdf)
Will My Money Last as Long as I do? 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. (pdf)
The Human Face of Dividends: "Dividends become a tool for investors to determine the persistence of earnings changes, which is, said differently, all about the credibility of past reporting." (pdf)
Income and the Long View: "....dividend-paying stocks out perform the average stock, and stocks with rising dividends have, in most periods, ranked among the highest performers." (pdf)
Barrons.com Mar, 2009 Speaking of Dividends, Payout Partnership (pdf) Miller/Howard featured in Barron's
Kiplinger.com Mar, 2009 A Dividend ETF Goes Astray (html) A fund based on a perfectly reasonable strategy performed miserably over the past year because it gorged on financial stocks.
InvestmentNews Nov, 2008 Traditional Investment Advice Won’t Help Retirees (html) Advisors need to change their strategies to meet the unique needs of investors who must live off their money.
Wall Street Journal Oct, 2008 In This Market, Dividends Look Great (html) Some solid stocks now offer rich and dependable yields - but other high-dividend shares could be ripe for a dividend cut.
The Toronto Globe & Mail Sept, 2008 When Fear Sets In, I Consult the Three Wise Men Our CIO received some very generous commentary, citing our investment philosophy as one to rely on even more when times are uncertain. (pdf)
The New York Times Aug, 2008 Fundamentally: Dividends Still Make a Difference When it comes to dividends, investors should look at time frames significantly longer than a single year. (pdf)
Investors Insight.com Jan, 2008 The Dash to Trash and the Grab for Growth. The risks of growth, with interesting dividend information near the end. (pdf)
Advisor Perspectives Dec, 2007 Adding Value in Fund Evaluations: A concise explanation on how to interpret these three primary standards of value-added return: alpha, the sharpe ratio, and the information ratio (pdf)
Credit Suisse

 

May, 2007 April, 2007 Feb, 2007 Aug, 2006

To obtain the highest returns, investors should seek out firms with high dividend yields and low payout ratios. (pdf)
Wall Street Journal Nov, 2007 Yield-Hungry Bond Investors Have a Risky Option: Stocks (html)
Wealth Manager Nov, 2007 After years out of the limelight, stocks that actually pay off may once again find themselves starring in portfolios. (html)
InvestmentNews Oct, 2007 Majority of advisers see equity income as a distinct class (pdf)
MarketWatch.com Oct, 2007 Back in fashion: Low interest rates, tax benefits drive fresh interest in equity-income funds
Wall Street Journal.com March, 2007 Utilities Power Ahead As Market Revives:(pdf)
Financial Sense.com Jan, 2007 Financial Sense Newshour: Interview with Lowell Miller (html)
MarketWatch.com Nov., 2006 Democrats or Demographics?: Commentary: Bold bull Band says Boomer bloc trumps politics (html)
The New Yorker Sept., 2006 Mind Games: What neuroeconomics tells us about money and the brain (html)

Wall Street Journal

Jan., 2006 When Markets Turn Dark, Dividends Shine: Over the past 80 years, investors have earned a significant chunk of their stock returns - -more than 40% - from dividends. (pdf)
Barrons Jan., 2006 Speaking of Dividends: Low div-tax inspires value investors. (html)
New York Times Jan., 2006 Is the Fourth Year a Charm for the Bull Market?: Dividend payers usually outperform non-dividend payers during the end of a bull market. (html)
SocialFunds.com Oct.,2005

SRI Utilities Fund Flicks Switch to Power Strong Returns The Flex-funds Total Return Utilities Fund uses environmental and social screening in addition to fundamental analysis to identify sustainable utilities. (html)

Wall Street Journal

June, 2005 Tip Sheet: Miller Sees Opportunity in Adapting to Time: Interview with Miller/Howard Investment President Lowell Miller.
Barrons June, 2005 Spicy Payouts: Boomers' delights: growth stocks that yield 2% - 5%
New York Times May, 2005 Dividend Paying Stocks May Lead a Trend: The emering leadership of dividend-paying stocks has some market watchers spotting a broader trend. (pdf)
Financialsense.com April, 2005 Storm Watch Update: The Investment Constant by Jim Puplava
CBS Marketwatch Jan., 2005 Utilities Primed for M&A Revival: Search for cost cuts, nuclear assets could kick off activity. (pdf)
Financial Planning Nov., 2004 Back in Style: Favorable tax changes combined with more conservative corporate accounting are awakening dividends, a slumbering giant. (pdf)
Forbes Sept., 2004 Absolute Return: Money Out of a Pipeline: Master limited partnerships offer good yields, tax breakes and strong growth potential. (pdf)
Financial Advisor Magazine July, 2004 Revising the Rules of Investing: The resurgence of dividends according to Peter Bernstein (pdf)
Financial Planning June 1, 2004 Mastering MLPs: Master Limited Partnerships Offer High Yields (pdf)
Natural Gas Intelligence Jan. 16, 2004 EIA Says Long-Term Gas Supply Picture Not So Rosy (pdf)
Natural Gas Intelligence August 7, 2003 Billions of Dollars in Energy Investments Await PUHCA Repeal in Energy Bill (html)
Wall Street Journal August 7, 2003 Latest Dividend-Fund Boom Could Be Boon for Investors (pdf)
Natural Gas Intelligence May 15, 2003 Utilities Takeovers Likely if PUHCA Repealed (html)
Natural Gas Intelligence Dec. 16, 2002 Buffet Likely to Purchase More Gas, Power Utilities (pdf)
The New Yorker Dec. 9, 2002 The Talking Cure: Interesting article about tackling real reform on Wall Street (pdf)
Wall Street Journal Dec. 4, 2002 Tax Cut on Dividends Paid to Individuals Gains Support: "The White House is leaning toward proposing a sharp reduction of taxes that individuals pay on corporate dividends - a move that could boost both the economy and the stock market." (pdf)
PIMCO Investment Outlook from Bill Gross Dec. 2002 Questions for the Genie: "...there's little doubt from this Bond Man or perhaps even his AWOL Genie that the bond market's salad days are over." (pdf)
Arkansas Business Nov. 15, 2002 Solid Utility Stocks Still Available: An interview with Miller/Howard Investments' chief investment officer, Lowell Miller.(pdf)
New York Times Nov. 17, 2002 In a Twist, High Dividends are Now a Predictor of Growth: "The common theme that emerges from these various studies is a very unflattering portrait of corporate management: give executives lots of rope and they too often end up hanging themselves. It would appear that a high dividend payout ratio is an effective way to reduce the length of that rope." (pdf)
New York Times Nov. 11, 2002 Baby Bells Hoping for a Reprieve: Baby Bells are welcoming a reprieve from one of their harshest opponents. (pdf)
CBS. Marketwatch.com July 23, 2002 Long Live Dividend Yield:: "Earnings are very difficult to estimate," Greenspan said. "...cash dividends are not." (pdf)
New York Times July 20, 2002 The Value-Stock Advantage May Be Just a Mirage: A new look at historical performance of value stocks vs. growth stocks. (pdf)
Barrons July 15, 2002 Pay Me Now: Dividend boosts could help Baby Bells' beaten-down share prices. (pdf)
New York Times Feb. 24, 2002 The Dividend Gains New Respect: " Dividends may be out of fashion, but companies that consistently raise their dividends often make excellent long-term investments, money managers and securities analysts say." (pdf)
Wall Street Journal Online Feb. 13, 2002 The Dividend Deficit: A call for tax reforms and reverting to a more time-tested way to evaluate company earnings. (pdf)
CBS.Marketwatch.com Jan. 17, 2002 The Stockpickers: Lowell shops a battered field: Interview with Lowell Miller regarding his current top picks in the utilities universe. (pdf)
BusinessWeek Online June 18, 2001 Utility Funds Swing South Amid Uncertainty: Ranks the Total Return Utilities Fund the best performing Utility fund. (pdf)
thestreet.com April 25, 2001 Warren Buffett Feels the Power: Speculation that Buffett is ready to invest $10 to $15 billion in utilities. (pdf)
Wall Street Journal Interactive Dec. 27, 2000 Tip Sheet: Miller Sticks to Slow and Steady in This Race: An interview with Lowell Miller (pdf)
CBS.Marketwatch.com Sept. 21, 2000 Dousing the Competition: Little-tracked water stocks beat indexes over two decades.(html)
Wall Street Journal Interactive Sept. 11, 2000

Paydirt in Pinedale? For Questar shareholders, drilling success could be a gas.

This site requires a user name and password. For those of you without a subscription, we can excerpt the following paragraph from the article:

"Still, it's the rosy prospects for Pinedale that have rivited investors most. Lowell Miller, of Miller/Howard Investments, with manages about $300 million in assets, wagers Questar might have made the largest gas discovery ever in North America. Consequently, he thinks the stock, which sat out most of the Nineties, could be in the early stages of a sustained recovery. R. Don Cash, Questar's chairman, president and chief executive, wouldn't quibble with Miller's drilling assesment."