Edison's underlying growth driver is its $6 billion annual capital investment plan, in line with our forecast. The second group of dividend funds and ETFs focuses on what are called dividend-growth stocks. The following table presents certain technical indicators for ETFs tracking the Morningstar Dividend Yield Focus Index. Uncover top mutual fund and ETF picks from a source that investors trust. 6) Franklin U.S. Low Volatility High Dividend ETF LVHD, 10) T. Rowe Price Dividend Growth ETF TDVG, 11) Vanguard Dividend Appreciation ETF VIG, 12) Vanguard Dividend Appreciation Index VDADX, 15) Vanguard High Dividend Yield Index VHYAX, 16) WidsomTree US Large Cap Dividend ETF DLN, 17) WisdomTree US Midcap Dividend ETF DON, 18) WisdomTree US Small Cap Dividend ETF DES. The indexes screens have been effective predictors of dividend durability over the long term. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Develop and improve features of our offerings. Stocks Removed from the Index On the flip side, 15 companies were removed from the index. . Though capital will increasingly be directed toward midstream and retail projects, Marathon is still investing to improve its competitive position and profitability. 30 Day SEC Yield as of Feb 23, 2023 7.70% 12m Trailing Yield as of Feb 23, 2023 5.39% Standard Deviation (3y) as of Jan 31, 2023 9.73% Average Yield to Maturity as of Feb 23, 2023 8.19% Weighted Avg Coupon as of Feb 23, 2023 5.43 Weighted Avg Maturity as of Feb 23, 2023 5.57 yrs Effective Duration as of Feb 23, 2023 4.14 yrs This implies 8% annual rate base growth, one of the highest growth rates in the sector. Holdings data for other ETFs in the Large Cap Value Equities ETF Database Category is presented in the following table. While the management team of Lamar Advertising LAMR . The undervalued stocks of high-quality companies are compelling investments today. Morningstar Global Markets Sustainability Moat Focus, Morningstar Developed Markets Gender Diversity, Morningstar Global Markets Sustainability, Morningstar US Corporate Bond Sustainability, Morningstar Global Corporate Bond Sustainability, Morningstar Developed Markets Europe and US, Morningstar Developed Markets Eurozone and US, Morningstar Developed Markets Eurozone Large-Mid Cap, Morningstar Developed Markets US Europe and Asia Pacific 50/35/15. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into . He holds a bachelor's degree in biology from Skidmore College Specialty chemicals companies stand to benefit from these structural growth themes. At first glance, we maintain our $32 per share fair value estimate and narrow moat rating. and a master's degree in biology from the University of Illinois at Springfield. Karen Wallace does not own (actual or beneficial) shares in any of the securities mentioned above. It's gauging whether the value of a company's assets will fall below the sum of its liabilities. We think this will depend on further commercialization of new products as well as the planned divestitures of some slower-growing, mature businesses. NASDAQ Index, S&P 500, Dow Jones Analysis . Many more these companies were removed because the company's distance to default ratio crept into a range that we weren't comfortable with. endobj Find out about Morningstars Currently able to export about 250 mb/d(thousands of barrels a day), Good says narrow-moat Marathon is investing to increase that capacity to 500 mb/d by 2019. The 75 highest-yielding stocks that make it through the quality screen are then included in the index. not affiliated with GuruFocus.com, LLC. We further seek to minimize risk, as defined by Market-leading frameworks for a variety of multi-asset strategies. Index Overview There is no Index Overview data available. As such, fiscal 2022 sales reached $22.1 billion, ahead of our $21.9 billion preprint estimate, as revenue growth in each of Genuine's segments outpaced our estimates by 100 basis points. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Since the end of 1989, however, which is when the index to which the Dividend Aristocrats ETF is benchmarked was created, it has beaten the S&P 500 by 1.9 annualized percentage points. Quality insights for current income and income growth from stocks. Provide specific products and services to you, such as portfolio management or data aggregation. Indexes designed to measure global private markets, including venture capital-backed unicorns. High-dividend stocks come with tantalizing yields but carry some risk. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. editorial policies. Care is taken to ensure that the information provided by Morningstar is correct but it neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Management said they expect to request $2 billion later this year and likely more in 2024. The first group invests in high-dividend stocks. . The fund has annualized returns of negative 4.22% for one year, 3.76% for three years, 2.81% for five years and 4.80% for 10 years, according to Morningstar. Provide specific products and services to you, such as portfolio management or data aggregation. as compared to its peer group and benchmark index. Be among the . Ready to Invest? Learn more and start a seven-day free trial today. Williams Continues to Excel in Fourth Quarter; Delivers Strong 2023 Outlookby Stephen Ellis | Morningstar Research Services LLC | 2-21-23. At the time, we showed that proprietary metrics can screen out companies at risk of cutting their payout. Indexes noted within the report are unmanaged, their returns do not include payment of any sales charges or fees an investor would pay to purchase securities, and cannot be invested in directly. The Trace Midstream deal already looks like a material winner as it is leveraging growth in the Haynesville play, and we're now even seeing new areas of the Haynesville call for even more growth opportunities. Gear advertisements and other marketing efforts towards your interests. Dividend. Wed like to share more about how we work and what drives our day-to-day business. In 2010, Morningstar designed a uniquely forward-looking approach to rules-based passive equity income investing: the Morningstar Dividend Yield Focus Index. Here's the recipe that one of the greatest investors uses to pick stocks. Guiding for a net interest margin above 305 basis points for the full year versus a fourth-quarter 2022 NIM of 322 basis points, the bank anticipates multiple headwinds this year after benefiting immensely from higher rates in 2022. Management's call for 4%-6% sales growth and $8.80-$8.95 in EPS in 2023 is in line with our respective preprint 4% and $8.93 estimates. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Verify your identity, personalize the content you receive, or create and administer your account. This extends its positive daily. (To read more about distance to default, click here.). The benchmark index weights its constituents in proportion to the value of their dividend payments. Marathon Petroleum (MPC) While its existing refining asset base is well positioned to capitalize on the ever-changing domestic crude market, Marathon Petroleum is investing to expand its midstream and retail businesses in an effort to diversify its earnings stream away from the more volatile refining business, says energy sector strategist Allen Good. 2022 Morningstar. Verify your identity, personalize the content you receive, or create and administer your account. Well-respected investment firms expect non-U.S. stocks to outperform. Copyright 2023 Morningstar, Inc. All rights reserved. Develop and improve features of our offerings. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. ESS Essex Property Trust Inc Dividend yield : 3.84%. The following table presents expense information for ETFs tracking the Morningstar Dividend Yield Focus Index. Terms of Service apply. This site is protected by reCAPTCHA and the Google The Portfolio seeks to track the Morningstar U.S. Sustainability Dividend Yield Focus Index which targets high-yielding, qualified dividend-paying companies that score highly on environmental, social, and governance (ESG) investment criteria. These products and services are usually sold through license agreements or subscriptions. Whats the Difference Between Dividend Yield and Dividend Growth Stocks? 4 0 obj Fundamental company data provided by Morningstar, updated daily. The following table presents dividend information for ETFs tracking the Morningstar Dividend Yield Focus Index, including yield and dividend date. Dividend information for other ETFs in the Large Cap Value Equities ETF Database Category is presented in the following table. First, she believes the outdoor and action sports market is a large and quickly growing opportunity, with activewear apparel now often worn in place of casual attire. VF Corp (VFC) Wide-moat VF Corp owns a large portfolio of brands including The North Face, Timberland, Vans, Lee, Wrangler, and Nautica. Email: newslettersupport@morningstar.com. Analyst ratings are based on Morningstars analysts current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Morningstar indexes are created and maintained by Morningstar, Inc. Morningstar is a registered trademark of Morningstar, Inc. Five Public Companies for the Impact-Minded Investor. Dividend yield. Loan impairments of GBP 465 million, or 38 basis points, were driven by weaker macroeconomic assumptions filtering through Lloyds' risk models. The Morningstar Dividend Yield Focus IndexSM is designed to track high-yielding, qualified dividend-paying, U.S.-based securities screened for companies with superior quality and financial health. Links to analysis of other ETFs in the Large Cap Value Equities ETF Database Category is presented in the following table. For more detailed holdings data for an ETF click the View link in the right column. As such, dividend-growth stocks generally exhibit some resilience during market downturns and economic slowdowns. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The Data is provided for information, non-commercial purposes only, and may not be used as a basis, or benchmark, for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities), or used to verify or correct data in any other compilation of data or index, or used to create any other data or index, without the prior written consent of Morningstar. We are reaffirming our $73 fair value estimate for Edison International after management reported $4.63 per share of core earnings in 2022, in line with our estimate and management's guidance range. The table below includes fund flow data for all U.S. listed Highland Capital Management ETFs. The following table presents a proprietary ETF Database rating for ETFs tracking the Morningstar Dividend Yield Focus Index. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The indexes employ proprietary, forward-looking screens to identify companies that are well-positioned to sustain their dividends due to competitive advantage and financial health. Privacy Policy and Wal-Mart(WMT) was removed from the index because its dividend is no longer among the 75 highest-yielding quality firms ("quality" is measured by economic moat and distance to default). We first screen the Morningstar US Market Index for dividend-payers. Northern Oil and Gas, Inc. (NYSE: NOG) Q4 2022 Earnings Call Transcript February 24, 2023. New Dividend-Payers in the Index In the table below, we show the newest entrants to the Dividend Yield Focus Index, which pass our strict requirements for high yields, sustainable competitive advantages, and financial health. These products and services are usually sold through license agreements or subscriptions. In any given year, the markets highest fliers are typically fast growing companies; theyre often unprofitable, let alone at the stage of their corporate life cycle where theyre returning cash to shareholders. Wed like to share more about how we work and what drives our day-to-day business. We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research. The index is dividend dollar-weighted (constituents are weighted according to the total dividends paid by the company to investors). Are Dividend Stocks a Good Investment Today? Daily. 1 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 13 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Past performance does not guarantee future results. David joined Morningstar in 1994. If a $100 ETF pays $10 in dividends, it has a 10% dividend yield. A securitys investment return and an investors principal value will fluctuate so that, when redeemed, an investors shares may be worth more or less than their original cost. These high-quality dividend payers are the newest entrants to the index, and we take a closer look at three that are undervalued today. We then apply the quality screens: We search the high-yielders for companies that have Morningstar Economic Moat Ratings of wide or narrow, meaning that we think they have competitive advantages that will allow them to continue to earn above-average profits and sustain their dividends for 20 or 10 years, respectively. 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