Miller Howard Investments - Support Articles

Featured Articles:
	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 outperform the average stock, and stocks with rising dividends have, in most periods, ranked among the highest performers.”
	MLPs in IRA Accounts“ A number of FCs and clients have wondered if MLPs (Master Limited Partnerships) are appropriate investments in their tax-deferred accounts from a tax standpoint. We've researched the question on and off for years, which varying degrees of success...

Investment News July, 2005	Think Outside the Style Box An article challenging the idea of investing within the style boxes.
Wall Street Journal June, 2005	Tip Sheet: Miller Sees Opportunity in Adapting to Times 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 emerging leadership of dividend-paying stocks has some market watchers spotting a broader trend. (pdf)
CBS Marketwatch January, 2005	Utilities Primed for M&A Revival: Search for cost cuts, nuclear assets could kick off activity. (pdf)
Financial Planning November, 2004	Back in Style: Favorable tax changes combined with more conservative corporate accounting are awakening dividends, a slumbering giant. (pdf)
Forbes September, 2004	Absolute Return: Money Out of a Pipeline: Master limited partnerships offer good yields, tax breaks 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 January 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 5, 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Natural Gas Intelligence May 15, 2003	Utilities Takeovers Likely if PUHCA Repealed (html)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 December 16, 2002	Buffet Likely to Purchase More Gas, Power Utilities (pdf)
The New Yorker December 9, 2002	The Talking Cure (pdf) Interesting article about tackling real reform on Wall Street.
Wall Street Journal December 4, 2002	Tax Cut on Dividends Paid to Individuals Gains Support (pdf) "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."
PIMCO Investment Outlook from Bill Gross December 2002	Questions for the Genie (pdf) "...there's little doubt from this Bond Man or perhaps even his AWOL Genie that the bond market's salad days are over."
Arkansas Business November 15, 2002	Solid Utility Stocks Still Available (pdf) An interview with Miller/Howard Investments' chief investment officer, Lowell Miller
New York Times November 17, 2002	In a Twist, High Dividends Are Now a Predictor of Growth (pdf) "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."
New York Times November 11, 2002	Baby Bells Hoping for a Reprieve (pdf) Baby Bells are welcoming a reprieve from one of their harshest opponents.
CBS.Marketwatch.com July 23, 2002	Long Live Dividend Yield (pdf) "Earnings are very difficult to estimate," Greenspan said. "...cash dividends are not."
New York Times July 21, 2002	The Value-Stock Advantage May be Just a Mirage (pdf) A new look at historical performance of value stocks vs. growth stocks.
Barrons July 15, 2002	Pay Me Now (pdf) Dividend boosts could help Baby Bells' beaten-down share prices.
New York Times February 24, 2002	The Dividend Gains New Respect (pdf) "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."
Wall Street Journal Online February 13, 2002	The Dividend Deficit (pdf) A call for tax reforms and reverting to a more time-tested way to evaluate company earnings.
CBS.Marketwatch.com January 17, 2002	The Stockpickers: Lowell shops a battered field (pdf file) Interview with Lowell Miller regarding his current top picks in the utilities universe.
BusinessWeek Online June 18, 2001	Utility Funds Swing South Amid Uncertainty (pdf file) Ranks the Total Return Utilities Fund the best performing Utility fund.
thestreet.com April 25, 2001	Warren Buffett Feels the Power (pdf file) Speculation that Buffett is ready to invest $10 to $15 billion in utilities.
BusinessWeek Online February 6, 2001	One Utility No Longer Fits All (pdf file) Features stock picks from Lowell Miller, chief investment officer of Miller/Howard Investments.
Wall Street Journal Interactive December 27, 2000	Tip Sheet : Miller Sticks to Slow and Steady in This Race (pdf file) An interview with Lowell Miller.
cbs.marketwatch.com September 21, 2000	Dousing the Competition Little-tracked water stocks beat indexes over two decades
Wall Street Journal Interactive September 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 riveted investors most. Lowell Miller, of Miller/Howard Investments, which 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, pesident and chief executive, wouldn't quibble with Miller's drilling assessment."