Relative Dividend Yield

Expert investors Anthony Spare and Paul Ciotti demonstrate the Relative Dividend Yield (RDY) approach that has outperformed the market for more than fifteen years, without the market risk. This comprehensive book covers all aspects of investing and money management, while providing you with the proven advice you need to calmly navigate the rough waters of investing. In addition, Relative Dividend Yield, Second Edition has been completely updated to help you: Compare RDY with other investment methods such as venture capital, emerging growth, large growth,technical analysis, and sector rotators Manage even the largest portfolios with confidence Learn about RDY valuations, including consumer stocks, industrial stocks, utilities, and cyclical stocks Avoid pitfalls and take preventive measures by maintaining a safe dividend level, using a straightforward analytical process, and focusing on quality companies Ascertain the primary characteristics of RDY stock portfolios and find out the connection between RDY and market timing With an exercise on Dow Jones stock selecting included, you owe it to yourself to find out why RDY is on of the best-kept secrets in investing today.

Can fundamentals account for the recent performance of the U.S. stock market? The price/earnings ratio is out of line with historical averages, and the dividend/price ratio has recently reached a historic low. These developments and record levels of inflows into mutual funds have led some to conclude that stock prices are above their fundamental levels. This paper assesses the recent rise in the stock market using a model for the equilibrium dividend/price ratio. While economic variables can account for most of the recent fall in the dividend/price ratio, mutual-fund inflows still have some marginal explanatory power.

A unique guide that combines the best of traditional value theory with an innovative approach to assessing value in low or non-dividend paying stocks In the 1990s, America's focus on productivity and innovation led to huge gains in technology, communication, and healthcare stocks, and contributed to the transformation of the U.S. stock market from a value (dividend-paying orientation) to a growth (nondividend-paying) bias. During this time, forward thinking value managers began to develop analytical tools for valuing nondividend paying stocks. These tools allowed them to evaluate and identify the best investments in both traditional and nontraditional value sectors. At the forefront of this movement was author Nancy Tengler who, along with Noel DeDora, developed "Relative Value Discipline," an approach-which combines two proven methods for valuing growth stocks: Relative Dividend Yield and Relative-to-Price Sales. The combination of these approaches allows individuals to invest across the investment universe regardless of dividend policies. New Era Value Investing introduces the proven method known as Relative Value Discipline by combining the excitement of developing a new investment discipline with the lessons learned through the application of this new methodology in the real world. In addition to providing an insider's look at an investment manager's experience in adopting a new investment approach, this book creates a context for understanding the transformation of the U.S. economy, and offers expert insights beyond those of traditional value theory. Nancy Tengler (San Francisco, CA) is President and Chief Investment Officer of Fremont Investment Advisors. She is coauthor of "Relative Dividend Yield: Common Stock Investing for Income and Appreciation" (Wiley: 0-471-53652-0). She has appeared on numerous financial radio and television programs, including CNN/fn and is frequently quoted in financial publications such as "The Wall Street Journal."

We examine the relationship between Returns and Dividends in the context of the UK Stock Market, using data from the LBS London Share Price Database (LSPD) and using robust estimation (GMM). We also introduce earnings-related data into our analysis, using Payout Ratio as a carrier of this additional information. We find that the introduction of the additional variable has a considerable effect upon the inferences which would otherwise have been drawn from a study of Dividend Yield in the absence of such earnings information.Our methodology allows for the establishment of a distinct category for Zero-Dividend stocks (as distinct from those stocks which are merely low-yielding). This allows us to examine in more detail the particular returns characteristics of this class of stocks, which has more in common (in terms of Returns performance) with the high-yielding, rather than the low-yielding subdivision of dividend-paying stocks.Because of the implicit relationship (in terms of a joint distribution) between the dividend payment characteristics of firms and their size, we use an improved measure of Market Capitalisation (relative to that posted explicitly in the LSPD) in order to convey size information into our regressions. This allows for improved resolution, both in terms of the magnitude of the firm size variable, and also of its sampling frequency. Our analysis also accounts for the more complex seasonal behaviour apparent in UK returns characteristics.Our study proceeds from an initial survey of 'raw' (non risk-adjusted) returns for our system of 30 portfolios (6 Dividend Yield subdivisions x 5 Size subdivisions), followed by the introduction of risk adjustment on both an individual (portfolio) and category (Dividend Yields; Market Capitalisations) basis. This leads to a more complete model specification which allows for both categorical and interaction variables in order to separate and identify the various influences at play in determining returns behaviour.We conclude that the inclusion of Payout Ratio is an important adjunct to Dividend Yield in explaining Returns; indeed, our subperiod analysis revealed that, in many instances, the former seems to dominate the latter. Because of this, we deduce that Payout Ratio may convey additional signalling information, over and above that of Dividend Yield alone, for investors.

★★BONUS★★: Buy a paperback copy of this book NOW and the Kindle version will be available to you Absolutely FREE (Offer is only available to Amazon US Customers) Have you always wanted to put your money to work in the stock market and earn passive income with dividend stocks? What would you be able to achieve with a step-by-step guide designed to help you grow your money, navigate the dangers in the stock market and minimize the chance of losing your capital? Imagine not having to rely solely on a salary or a pension to survive. Imagine having the time, money and freedom to pursue things you're passionate about, whether it's gardening, hiking, reading, restoring a classic car or simply spending time with your loved ones. This book can help you can create this lifestyle for yourself and your loved ones! Amazon bestselling author, Michael Ezeanaka, takes you through a proven system that'll help you to build and grow a sustainable stream of passive dividend income. He'll show you, step by step, how to identify stocks to purchase, do accurate due diligence, analyze the impact of the economy on your portfolio and when to consider selling. In this book, you'll discover: Why investing in dividend stocks can position you to benefit tremendously from the "Baby Boomer Boost" (Chapter 1) Which certain industry sectors tend to have a higher dividend payout ratio and why? (Chapter 2) How to time your stock purchase around ex-dividend dates so as to take advantage of discounted share prices (Chapter 2) Why a stock that is showing growth beyond its sustainable rate may indicate some red flags. (Chapter 2) 5 critical questions you need to ask in order to assess if a company's debt volume will affect your dividend payment (Chapter 3) How high dividend yield strategy can result in low capital gain taxes (Chapter 4) Reasons why the average lifespan of a company included in the S&P 500 plummeted from 67 years in the 1920s to just 15 years in 2015. (Chapter 5) A blueprint for selecting good dividend paying stocks (Chapter 6) The vital information you need to look out for when reading company financial statements (Chapter 7) A strategy you can use to remove the emotion from investing, as well as, build wealth cost efficiently (Chapter 8) An affordable way to diversify your portfolio if you have limited funds (Chapter 9) Why you may want to think carefully before selling cyclical stocks with high P/E ratio (Chapter 10) ... and much, much more! PLUS, BONUS MATERIALS: Because this book is enrolled in Kindle Matchbook Program, the kindle edition of this book will be available to you for free when you purchase the paperback version from Amazon.com (i.e. the US Store). Whether you're a student, corporate executive, entrepreneur, or stay-at-home parent, the tactics described in this book can set the stage for a financial transformation. If you're ready to build and grow a steady stream of passive dividend income, Grab your copy of this book today! Scroll to the top of the page and click the "BUY NOW" button!

A unique guide that combines the best of traditional value theory with an innovative approach to assessing value in low or non-dividend paying stocks In the 1990s, America's focus on productivity and innovation led to huge gains in technology, communication, and healthcare stocks, and contributed to the transformation of the U.S. stock market from a value (dividend-paying orientation) to a growth (nondividend-paying) bias. During this time, forward thinking value managers began to develop analytical tools for valuing nondividend paying stocks. These tools allowed them to evaluate and identify the best investments in both traditional and nontraditional value sectors. At the forefront of this movement was author Nancy Tengler who, along with Noel DeDora, developed "Relative Value Discipline," an approach-which combines two proven methods for valuing growth stocks: Relative Dividend Yield and Relative-to-Price Sales. The combination of these approaches allows individuals to invest across the investment universe regardless of dividend policies. New Era Value Investing introduces the proven method known as Relative Value Discipline by combining the excitement of developing a new investment discipline with the lessons learned through the application of this new methodology in the real world. In addition to providing an insider's look at an investment manager's experience in adopting a new investment approach, this book creates a context for understanding the transformation of the U.S. economy, and offers expert insights beyond those of traditional value theory. Nancy Tengler (San Francisco, CA) is President and Chief Investment Officer of Fremont Investment Advisors. She is coauthor of Relative Dividend Yield: Common Stock Investing for Income and Appreciation (Wiley: 0-471-53652-0). She has appeared on numerous financial radio and television programs, including CNN/fn and is frequently quoted in financial publications such as The Wall Street Journal.

2016 Book of the Year award winner by the Institute for Financial Literacy "Set it and forget it" investing, with less risk and higher returns Get Rich with Dividends is the bestselling dividend-investing book that shows investors how to achieve double-digit returns using a time-tested conservative strategy. Written by a nineteen-year veteran of the equity markets, this invaluable guide shows you how to set up your investments for minimal maintenance and higher returns, so you can accumulate wealth while you focus on the things that matter. Using the author's proprietary 10-11-12 system, you'll learn how to generate the income you need on a quarterly or even monthly basis. You'll discover the keys to identifying stocks that will return twelve percent or more every year, and how to structure your investments for greater security and financial well being. This method is so easy to use, you'll want to teach it to your children early to set them up for financial independence and help them avoid the problems that plagued many investors over the past decade. Dividends are responsible for 44 percent of the S&P 500's returns over the last eighty years. They represent an excellent opportunity today, especially for investors who have been burned in recent meltdowns and are desperate for sensible and less risky ways to make their money grow. This book describes a framework that allows investors to reap higher returns with a low-to-no maintenance plan. Set up an investment system that requires little to no maintenance Achieve double-digit average annualized returns over the long term Focus on other things while your money works for you Increase returns even with below-average growth in share price Market risk is high and interest rates are low, making it a perfect time to get started on a more sensible wealth generation strategy. With expert guidance toward finding and investing in these unique but conservative and proven stocks, Get Rich with Dividends is the only book on dividend investing you'll ever need.

Expert advice on a mature, reliable way to invest money According to Fortune magazine, investing in dividends is one of the top five ways to survive market instability. Dividend Stocks For Dummies gives you the expert information and advice you need to successfully add dividends to your investment portfolio, revealing how to make the most out of dividend stock investing-no matter the type of market. Explains the nuts and bolts of dividends, values, and returns Shows you how to effectively research companies, gauge growth and return, and the best way to manage a dividend portfolio Provides strategies for increasing dividend investments Weather a down market-reach for Dividend Stocks for Dummies!