![]() Sticking tightly to this process has allowed the Integrity Dividend Harvest Fund to boost its own dividend yield each year since its inception in 2012, the portfolio manager said. #LINKEDIN STOCK DIVIDEND FREE#When aiming to check those three boxes, Morey said he looks for a company with a high current dividend yield, a long track record of boosting its dividend, a high free cash flow level, a low beta, and a stable market capitalization. Also, firms with high dividends aren't necessarily the most financially stable. As fellow top dividend fund manager Daniel Peris recently noted, many stocks don't offer attractive dividends - if they have one at all - and those that do tend to have lower growth rates, since continuing to increase an already lofty dividend gets more difficult over time. There are three simple goals that Morey and his fellow portfolio managers try to hit, he said: maximize current income, maximize income growth, and minimize risk.Īchieving that trifecta is a challenge. #LINKEDIN STOCK DIVIDEND HOW TO#"So where we are on the market cycle really doesn't affect our process of owning these quality companies with rich histories of dividend payments." How to succeed at income investing "Our fund generates significant alpha during market pullbacks, and this is evident on every single pullback that we have had since the inception of the fund," Morey told Insider. The investment chief said that the key to his fund's drastic outperformance in the past year is its tight focus on quality stocks that provide high, reliable dividend payments in any market environment. In a recent interview with Insider, Morey, who's also the chief investment officer for Integrity Viking Funds, spoke about his fund's strategy and some of his favorite stocks. In addition, the mutual fund has a 3.1% dividend yield that's nearly double that of the S&P 500's 1.6% yield. ![]() For reference, the S&P 500 was down 12.4% in the same 12-month span. In fact, the income-focused fund run by portfolio managers Mike Morey, Shannon Radke, Joshua Larson, and Trey Welstad, has topped 96% of competitors this year, according to Morningstar.īut what's even more impressive is that the Integrity Dividend Harvest Fund is currently Kiplinger's second-ranked large-cap fund, based on its 9.1% total return in the past year, as of June 30. That has helped funds like the Integrity Dividend Harvest Fund ( IDIVX) come back into favor after years of being beaten by growth stocks.
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