The AMM Dividend Letter is a monthly e-newsletter focused on dividend growth investing.

Each issue will focus on one company currently in our portfolio and feature an analysis of the potential catalysts for further price appreciation and dividend growth.

You will also receive periodic updates when we sell a stock or when a holding is bought out.

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How Much Does S&P Global Earn From ETFs?

There are over $208 billion in assets in SPY, the SPDR S&P 500 ETF. State Street which owns the SPDR ETFs doesn't get to use the S&P name without paying for it. How much revenue does S&P Global (SPGI) make from licensing its name to ETF products? In the recent quarter, S&P Global's S&P and [...]

One industry benefiting from the election of Donald Trump is asset management. Specifically, active fund managers. Companies like T.Rowe Price (TROW) and Franklin Resources (BEN) have outperformed the broad index since election day. The outperformance stems in part from the expectation that the new DOL Fiduciary rule and the legal pressure to move assets to [...]

One my favorite new podcasts is the BBC's 50 Things That Made the Modern Economy. Each episode is about 10 minutes long but packed with information. The latest episode discusses the greatest selling product in the history of the world so far, the iPhone, and how it was made possible by a lot of military [...]

Why We Sold Baxter International (BAX)

We originally bought Baxter as a special situation. At the time of purchase, the company was undergoing a corporate restructuring that would split the business into two publicly traded companies, Baxter (BAX) and Baxalta (BXLT). The old Baxter paid a decent dividend and was a reliable dividend grower. After completion of the split, both new [...]

Starbucks’ Float

It’s Christmas time. A good time for Starbucks. Not because they will sell more hot drinks. They will. It's because of all those Starbucks gift cards given out. You know you will receive at least one. Any funds loaded onto these cards are counted as a liability on Starbucks’ balance sheet. It's classified as Unearned [...]

Samantha Greenberg of the newly launched Margate Capital laid out why she is long Disney (DIS) at the recent Robinhood Investor Conference. Investors are concerned about whether ESPN can compete with live streaming packages, and what that means for Disney. Those fears are misplaced, in Greenberg's view. ESPN is about 25% of Disney's EBITDA, so [...]

The shave care industry is important to Procter & Gamble (PG). It is included in its Grooming segment and operates under the Gillete brand. Shave Care is a $15 billion industry with Gillete holding a 60% share. This is why the following image is worrisome. Even the famous Razor/Razor Blade business model isn't safe from [...]

What I Wish I Wrote ~ November 25, 2016

A collection of mostly investment related links that I wish I had the talent to create. The Future of Military Technology is Intense (Visual Capitalist) Is Starbuck's (SBUX) on its way to becoming a dividend aristocrat? (Dividend Growth Investor) Notes from Warren Buffett's meeting with MBA students at the U. Of Maryland. (ValueWalk) Joel Greenblatt [...]