The Dividend Mailbox podcast

#Trading #Business #Greg Denewiler #Investing #Finance #Dividend #Growth #Portfolio #Future #Mindset #Podcasting Education #Stock #Retirement #Income #Financial Literacy

28:47

Tyler Summitt, son of legendary coach Pat Summitt, as well as the Co-Founder of Pat Summitt Leadership Group , shares the group’s mission, the story of Pat’s humble beginnings, the art of mastering full executive decision making in 90 second or less, the "secret sauce" to Pat’s leadership, what she definitely didn’t understand about, but learned from, a 5-year-old’s soccer game, how to visualize winning in a (very, very) highly detailed way, the key component that gets you to over a 90% success rate, and the answer to the mystery of just who is “Trish”? Mentioned in this episode: This episode is brought to you by Pat Summitt Leadership Group. Pat Summitt Leadership Group…

The Dividend Mailbox

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We want to stuff your mailbox with dividends! Our goal is to show you the power of dividend growth investing, and for each year's check to be larger than the last. We analyze specific companies and look at the mindset this strategy requires to be successful long-term. Come explore this not-so-boring world and watch your portfolio's value compound.

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The Dividend Mailbox

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updated 15 days ago

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46 एपिसोडस

#Trading #Business #Greg Denewiler #Investing #Finance #Dividend #Growth #Portfolio #Future #Mindset #Podcasting Education #Stock #Retirement #Income #Financial Literacy

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1
EXPRESS MAIL: Williams-Sonoma's Earnings Results and Dividend Increase 17:08

15 days ago17:08

17:08

More on dividend growth investing -> Join our market newsletter! Schedule a meeting with us -> Financial Planning & Portfolio Management After Williams Sonoma reported earnings before market open on March 19th, 2025, we saw their results as an excellent example of how to execute a dividend growth strategy on a day-to-day basis. While we have covered $WSM in several previous episodes, it is a case study on dividend growth investing. In what normally takes 10+ years to deliver to investors, Williams Sonoma has provided us with attractive dividend growth and total return in less than 3 years. In this "express mail" episode, Greg looks at Williams-Sonoma's latest earnings and how recent weakness in the stock price could be a long-term positive for total return. He analyzes how if the stock goes lower, there is room for more share repurchases, which boosts dividend growth and earnings growth. Additionally, he points out that if the stock turns around and goes much higher again, we may consider selling more of the stock. As we stand somewhere in the middle, Greg concludes by looking at where he would buy into the stock again. 00:55 Special Episode: Williams Sonoma Earnings Update 01:24 Williams Sonoma: A Case Study in Dividend Growth 02:33 Strategic Decisions and Market Reactions 05:22 Evaluating Dividend Growth and Future Prospects 12:27 Conclusion and Investment Strategy Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
What Does a 'Fat Pitch' Look Like? 33:27

21 days ago33:27

33:27

More on dividend growth investing -> Join our market newsletter! Schedule a meeting with us -> Financial Planning & Portfolio Management While it may be a somewhat misused paraphrase of Warren Buffett's famous baseball analogy, 'fat pitch' is a term often thrown around in investing circles. In most settings, it implies that an investment opportunity is extremely lucrative with a high probability of success—but they are rare. Beyond having the discipline to patiently wait for these opportunities, what does a 'fat pitch' actually look like? In this episode, Greg discusses the concept of 'fat pitches' by exploring the extraordinary long-term performance of Altria (formerly Philip Morris), despite numerous industry challenges and negative headlines. Through a detailed analysis of Altria's historical performance, including its high dividend yield and impressive cash flow management, he emphasizes the timeless principles of dividend growth, patient investing, and compounding. 00:00 Introduction to The Dividend Mailbox Podcast 02:34 Review of Current Dividend Growth Performance and Market Observations 06:13 Case Study: The Success of Philip Morris 15:58 Key Takeaways from Philip Morris's Performance 24:51 Lessons on Dividend Growth and Compounding 32:14 Conclusion and Final Thoughts Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Revisiting Hershey: The Market Pays What the Market Bears 38:53

6 weeks ago38:53

38:53

More on dividend growth investing -> Join our market newsletter! Schedule a meeting with us -> Financial Planning & Portfolio Management Following brief upward momentum after we first bought Hershey, the stock proceeded to slide downward. Cocoa prices remain elevated, and there is significant uncertainty surrounding the short-term impacts on the company's operations. However, Hershey's recent earnings report shows that the company is more resilient than it may appear. Despite a 20% stock decline, Greg emphasizes that there are still many things to like about Hershey. Simply put, there is much more to the story than the current price of cocoa. Going a bit deeper, Greg examines the cocoa supply chain, specifically the impact of weather and geopolitical issues on production in major countries like Ivory Coast, Ecuador, and Ghana, highlighting several factors that suggest a possible future drop in cocoa prices. He further discusses Hershey's superb hedging strategies, strong balance sheet, and potential for high returns through dividends and stock growth within the next decade. Ultimately, Hershey's attractive valuation, dividend yield, and potential dividend growth allow investors to start with an advantage. In closing, Greg presents a Suber Bowl analogy to underscore the patience required for long-term investing, contrasting it with the short-term focus prevalent in current market analysis. 00:00 Introduction to The Dividend Mailbox 02:16 Revisiting the Hershey Story 05:37 Hershey's Market Position and Challenges 07:36 Cocoa Market Dynamics 12:04 Hershey's Financial Health and Strategy 15:29 Investment Strategies and Long-Term Outlook 25:50 Rant on Market Commentary and Short-Term Thinking 31:14 Super Bowl Analogy and Final Thoughts 37:50 Conclusion and Contact Information Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Predictive Power Lies in Understanding What You Own 41:41

11 weeks ago41:41

41:41

More on dividend growth investing -> Join our market newsletter! Is there anything predictable about the stock market? If so, how much power or truth does it hold? Do sophisticated models and strategies have a predictive edge? Even if you’re an investor with limited experience, the odds are at least one of these questions has piqued your interest at some point in your investing career. In episode 43, Greg discusses predictability in ETF income and dividend growth. He examines various ETFs tracking the S&P 500, such as SPY, IVV, and VOO, highlighting discrepancies in their dividend growth rates from year to year. Greg emphasizes the importance of not making investment decisions based solely on headline numbers, as these may not tell the full story. The episode also explores the limitations of discounted cash flow models, touching on the challenges of long-term forecasts and the uncertainties of market competition. Ultimately, he advises investors to focus on understanding what they own and cautions against overly sophisticated financial models that may introduce more risk and uncertainty. 00:00 Introduction to The Dividend Mailbox 00:46 Understanding ETF Predictability 01:46 Analyzing S&P 500 Dividend Growth 04:09 Comparing Different S&P 500 ETFs 10:49 Exploring the S&P 100 and Other Indexes 16:57 The Complexity of Enhanced Income ETFs 24:27 The Power and Pitfalls of Predictability 25:46 Diving into Discounted Cash Flow Models 31:13 The Terminal Value Trap 38:53 Conclusion and Final Thoughts Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
You Can’t Pin Down Mr. Market 36:05

15 weeks ago36:05

36:05

More on dividend growth investing -> Join our market newsletter! You, the investor, must choose between investing in two companies based on their financial results over two years. One has steady revenue and earnings growth, alongside decent dividend growth. The other experiences moderate financial decline, but boasts strong dividend growth. Given this information beforehand, which would be the better investment? In our final episode of the year, Greg revives the classic game show Let's Make a Deal to illustrate that even if you know the future, some aspects of investing will always be unknowable. Later, Greg continues this theme by discussing broader market valuation, and predictions from various analysts for 2025 and beyond. To tie everything together, Greg concludes the episode by reflecting on a TED Talk that emphasizes the importance of a long-term strategy and the pitfalls of short-term thinking. Happy Holidays from The Dividend Mailbox Team 00:00 Introduction to The Dividend Mailbox 00:46 Let's Make a Deal: Investment Choices 02:47 Behind Door Number One: A Declining Company 04:54 Behind Door Number Two: A Growing Company 05:45 Comparing the Two Companies 08:05 Revealing the Companies and Market Insights 12:34 When to Sell: Strategies and Considerations 19:16 Market Predictions and Analyst Opinions 27:43 Long-Term vs Short-Term Investing 33:38 Conclusion and Final Thoughts Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
The S&P 500 Dividend Yield Is Low, but the Next 10 Years Are Simple Math 38:42

20 weeks ago38:42

38:42

More on dividend growth investing -> Join our market newsletter! The last time the S&P 500 dividend yield was sitting at 1.17% was in February of 2001. Many investors remember the stretched valuations 23 years ago, and even more so, how the following year proved to correct that exuberance. While stock prices are currently hovering around all-time highs, us dividend growth investors targeting a yield of 2.5-3% may find challenges in this environment. Given this, and the uncertainty surrounding the recent presidential election, Greg spends episode 41 reviewing the foundational pillars behind our investment strategy. Even with low yields, the next 10 years of performance can be boiled down to relatively simple math. As GDP expands, corporate earnings grow, which in turn gives investors increasing dividend checks. Through several illustrations of what that looks like in your portfolio, Greg concludes that the dividend growth strategy is alive and well. Later, he reviews some recent actions we have taken, highlighting decisions on selling part of Emerson ($EMR), adding to Hershey ($HSY), and starting a position in Union Pacific ($UNP). 00:00 Introduction to The Dividend Mailbox 00:46 Current Market Overview 001:54 The Drivers Behind The Dividend Growth Strategy 005:10 Historical Performance Analysis 007:52 Future Predictions and Assumptions 010:28 Dividend Growth vs. Buybacks 12:15 Portfolio Growth & Return Illustration 20:16 Market Yields, Challenges, and Opportunities 27:46 Our Recent Portfolio Actions 35:16 Conclusion and Final Thoughts Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Mastering the Corporate Life Cycle and Its Impact on Your Investments 38:41

24 weeks ago38:41

38:41

More on dividend growth investing -> Join our market newsletter! The corporate life cycle is an important yet often overlooked factor in investing. Like all things, companies age over time, with each phase having its own pros and cons. In this episode, Greg explores the corporate life cycle's impact on dividend growth investing. Using research from Morgan Stanley and Aswath Damodaran, he covers various stages of a company's life, including startup, young growth, high growth, mature growth, mature stable, and decline— with examples from companies like Rivian, Nvidia, Microsoft, PepsiCo, GE, IBM, Intel, AT&T, and Tesla. Highlights include the prolonged profitability in maturity phases, industry-specific aging rates, and risks associated with corporate debt and large acquisitions. Greg emphasizes understanding a company's phase for strategic investment decisions and the critical role of suitable CEOs. 00:00 Introduction 01:12 The Importance of Understanding the Corporate Life Cycle 02:10 Morgan Stanley's Five Stages of the Corporate Life Cycle 02:58 Key Metrics in the Corporate Life Cycle 05:39 Profitability and Debt in Different Stages 08:37 Cost of Equity and Capital in Mature Companies 11:10 Aswath Damodaran's Six Stages of the Corporate Life Cycle 14:08 Examples of Companies in Different Life Cycle Stages 20:15 Dividend Investing: High Growth to Mature Growth 21:48 Mature Stable Phase: Dividend Income and Growth 22:56 Challenges in Mature Stable Phase 24:24 Decline Phase: Managing Declining Cashflow 25:44 Narrative vs. Numbers in Company Growth 29:08 Pricing and Valuation Across Growth Phases 31:59 CEO Roles in Different Growth Phases 35:59 Conclusion: Investing Across Lifecycle Stages Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
With New Leadership, is Starbucks a Solid Dividend Candidate? 38:17

28 weeks ago38:17

38:17

More on dividend growth investing -> Join our market newsletter! When a company’s stock price has struggled for years, a change in management may be just what it needs to get back on track. Even still, new management can’t fix everything. Historically, Starbucks has been an impressive growth story, generating phenomenal wealth for investors. Despite its profitability and strong cash flows, recent challenges have raised questions about whether those days are long gone. In this episode, Greg analyzes the Starbucks story as a potential dividend growth candidate and what the future may hold. He discusses the implications of Starbucks' new CEO (who previously turned around Chipotle), and the company's strategy to address operational inefficiencies. Later, Greg transitions to an update on Chevron which has been part of the model portfolio since 2010. Although higher dividend yields can signal problems for a company, Chevron’s resilience makes it worth considering adding to the position. 00:00 Introduction to Dividend Mailbox 00:47 Starbucks: A Familiar Name with a Compelling Story 03:33 Starbucks' Financial Performance and Challenges 05:22 Evaluating Starbucks as a Dividend Growth Investment 11:33 Starbucks' Debt and Cash Flow Analysis 27:10 Conclusion on Starbucks and Transition to Chevron 28:04 Chevron: A Reliable Dividend Growth Story 29:41 Chevron's Financial Health and Future Prospects 35:41 Final Thoughts and Wrap-Up Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Building Wealth Over 40 Years: Investing Insights With Industry Veteran Kent Hughes 1:02:32

33 weeks ago1:02:32

1:02:32

More on dividend growth investing -> Join our market newsletter! In our August episode, Greg interviews longtime friend and fellow financial advisor Kent Hughes. Kent has worked in the industry for over 40 years, focusing his investment strategy on quality and market indices. During his career as an advisor, Kent's expertise has earned him placement on both the Forbes and Barron's Top Wealth Advisor lists. Greg and Kent begin the episode by discussing the evolution of the investment industry over the past four decades, the impact of technological advances on market information, and investor behavior. The duo also delves into market expectations, secular bull markets, and the potential effects of AI on investing. Following their conversation, Greg mentions that he was able to speak with the investor relations department at Snap-on, and concludes the episode by providing answers to the questions we had about the company from the previous episode. Timestamps: 00:00 Introduction to The Dividend Mailbox 00:45 Interview with Kent Hughes: A Journey Through the Financial Industry 03:33 Changes in the Financial Industry Over 40 Years 05:35 Lessons Learned and Biggest Mistakes 08:13 Impact of AI and Investor Expectations 12:29 Economic Outlook and Market Predictions 17:21 Commercial Real Estate Concerns 19:25 Forecasting Future Returns 25:50 Investment Strategies and Dividend Growth 32:36 The Importance of Dividend Growth 34:07 Historical Performance and Market Trends 36:27 Understanding Compounding and Market Sentiment 39:37 Favorite Investment Books and Influential Figures 43:40 International Investing Considerations 49:20 The Competitive Advantage of Patience 55:43 Snap-on: A Potential Investment Opportunity 01:00:53 Closing Thoughts and Key Takeaways Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Snap-on: Nearly a Century of Dividend Growth and Tool Innovation 34:44

38 weeks ago34:44

34:44

More on dividend growth investing -> Join our market newsletter! In this episode of The Dividend Mailbox, Greg takes an in-depth look at Snap-on (SNA), a company with a rich history of tool innovation and consistent dividend payments since 1939. He discusses the company's evolution from automotive tools to specialized equipment for various industries, its unique franchise model, and its financing arm. By examining Snap-on's business model, financial performance, valuation, management discipline, and potential risks, he makes the case that this seemingly "boring" business checks almost all the boxes and is a compelling investment idea for dividend growth investors. Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
The Future of Dividends with Daniel Peris 57:22

42 weeks ago57:22

57:22

More on dividend growth investing -> Join our market newsletter! To start our fourth year of The Dividend Mailbox, Greg is joined by Daniel Peris, author of The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market and Head of the Income and Value Group at Federated Hermes. Daniel's deep historical perspective and expertise offer valuable insights into the future of dividend growth strategies and the importance of sustainable dividend investing. Their conversation covers a range of topics including: Historical context and the evolving dynamics of dividend growth investing. Challenges and opportunities in the dividend space, including the impact of interest rates and market cycles. The role of stock buybacks and their effectiveness in shareholder returns. Strategies for managing dividend cuts and maintaining a high and rising income stream. The foundational importance of cash flow for all investors. Follow Daniel on X/Twitter @HistoryInvestor Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
A Dividend Growth Buy, Watch, and Sell 42:51

46 weeks ago42:51

42:51

More on dividend growth investing -> Join our market newsletter! In today's episode, Greg dives into a practical application of our dividend growth strategy by discussing a recent buy, a watch, and a sell. He starts the episode with Hershey (HSY), exploring why this classic chocolate maker made it into our portfolio despite soaring cocoa prices. Although it may sound like a boring name, companies like this can generate outsized long-term returns. For the watch candidate, Greg turns his attention to CVS Health (CVS). Despite its financial strength and attractive valuation, he discusses CVS's coming headwinds. Sometimes when there is a lot of negative sentiment surrounding a company, there is potential to make a lot of money. Lastly, Greg explains his decision to trim our position in Emerson Electric (EMR). Even though it is a long-time dividend growth stalwart and has seen strong price performance recently, it no longer meets our dividend growth criteria. Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Cash (Flow) Is King 32:56

50 weeks ago32:56

32:56

More on dividend growth investing -> Join our market newsletter! Between immediate information on the Internet and minute-by-minute stock quotes at your fingertips, investors appear to be more infatuated with price appreciation than anything else. In contrast, prior to the 1990s, investors primarily focused on earning returns through a cash flow of dividends. Even though there has undoubtedly been a shift from cash-focused investing to a market fixated on price performance, cash flows play a critical role in assessing company valuation. In this episode, Greg examines wisdom from " The Ownership Dividend: The Coming Paradigm Shift in the US Stock Market." Through several excerpts, he exposes how important dividends are to the structure of the market, investor goals, and company valuation. In the second half of the episode, Greg looks at Williams-Sonoma which has appreciated 200% since we first bought it two years ago. He analyzes whether its recent outperformance should warrant selling it to lock in gains. EDIT: In the episode, Greg comments that our Williams Sonoma position has appreciated 300%, however, it has only appreciated 200%. The stock prices were given, so simple calculations could identify this error. Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
Strategic Dividend Growth Exits: What to Consider 28:12

1 year ago28:12

28:12

More on dividend growth investing -> Join our market newsletter! Check out our Union Pacific Investment Report In most cases, holding quality stocks for the long term tends to play out in favor of the investor. However, if a company’s prospects change, there are situations where exiting a position can be warranted. In this episode of The Dividend Mailbox, Greg outlines our decision-making process behind selling off a portion of our IBM position. What started as a turnaround play transformed into a potential value trap. Using IBM as an illustration, Greg provides insight into the complexities of owning dividend growth investments and taking advantage of opportunities to exit positions that don't meet your expectations. Plus, get a sneak peek into next month's episode featuring a success story with Williams Sonoma, highlighting the potential rewards of high-conviction investments in the dividend growth landscape. Send us a text Book time on our calendar here If you submit a question to us and we use it in an episode, we will send you an official The Dividend Mailbox Yeti® Tumbler -> Email us at ethan@growmydollar.com. Notes & Resources: DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on: Instagram - Facebook - LinkedIn - Twitter If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review…

1
How Compounding Can Turn Underperfomers Into Big Winners 29:29

1 year ago29:29