Why We Sold Procter & Gamble (PG)

We liquidated our position in Proctor and Gamble (PG) earlier this week. While the position had generated positive total returns, dividend growth has stalled in recent years and the company is facing secular headwinds related to their core business. Below we provide additional detail on our rationale for selling Proctor & Gamble. Search Costs – […]

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The Cheapest Dividend Aristocrats

Another dividend screen we run is to take all the companies in the Dividend Aristocrat Index and rank them by cheapest. We define cheap using the Enterprise Value to EBIT ratio, EV/EBIT. The lower the number the better. We use enterprise value, debt + market capitalization- cash, because we want to know what it costs […]

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