The Dividend Mailbox

Greg Denewiler

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.

All episodes

Best episodes

Seasons

Top 10 The Dividend Mailbox Episodes

Goodpods has curated a list of the 10 best The Dividend Mailbox episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Dividend Mailbox for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Dividend Mailbox episode by adding your comments to the episode page.

No 7%+ Yields for Us — Here’s Why

The Dividend Mailbox

12/21/22 • 36 min

More on dividend growth investing -> Join our market newsletter!
If you spend much time managing your own money or researching companies, odds are you have been exposed to high-yielding opportunities. From stocks to bonds to real estate, there are plenty of investments out there that present themselves as quality investments while simultaneously generating large income streams.
7%+ yields seem hard to beat, but there is usually a reason why the yield is so high. In a way, the market is essentially showing the investor a blinking warning light, one that indicates that there is risk built into the price of the company. This is not to say that these opportunities don't work, just that dividend growth investors need to be wary of what they entail.
In the year's final episode, Greg answers a listener's question about prioritizing dividend growth or yield when nearing retirement age. That opens the door to examining the pitfalls of investing in high-yielding companies, where he provides a framework for analyzing the risk embedded within such investments. Later he compares Williams-Sonoma and Restoration Hardware in response to Berkshire Hathaway's recent addition of the company to its portfolio. Finally, Greg wraps up the episode with some food for thought.
Happy Holidays!

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 [email protected].
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

What Does a 'Fat Pitch' Look Like?

The Dividend Mailbox

03/15/25 • 33 min

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

Is Your Goal to Make Money or Build Wealth?

The Dividend Mailbox

08/16/22 • 26 min

More on dividend growth investing -> Join our newsletter!
What do you do when one of your investments has rapid success? Do you sell it for a quick gain hoping to buy it back later? Anytime you buy or sell you have to make a decision, and with every decision comes another chance of being wrong. Large jumps in stock prices are tempting, but they put investors at a crossroads. You have to decide if your goal is to make money... or to create wealth.
In this month's episode, Greg outlines the best way to execute the dividend growth strategy, and specifically, how to stay disciplined when things go well. He dives into Williams-Sonoma, a specialty retailer with a nearly flawless balance sheet that has rallied almost 45% in just a couple of months. It has proven to be a lucrative opportunity, but it poses unexpected challenges to the individual investor. Using 4 different scenarios, he walks through why selling early might put some cash in your pocket but is counteractive to building wealth.

Send us a text

Book time on our calendar here

With New Leadership, is Starbucks a Solid Dividend Candidate?

The Dividend Mailbox

09/18/24 • 38 min

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

You Don't Need A "Winner" To 10x Your Income

The Dividend Mailbox

09/16/22 • 25 min

More on dividend growth investing -> Join our newsletter!
For most investors, if their portfolio went up by X amount in Y years, they'd be satisfied. Yet simultaneously, those same investors secretly hope they bought the next big thing, waiting for the stock's price to grow 10x.
In truth, 10x-ing a stock price is challenging. It requires resources, unique ideas, and a willingness to go above and beyond fellow market participants. To the average investor, expecting every investment to go up tenfold might be wishful thinking. But what about growing your portfolio income 10x? Now that is much more attainable...
In this month's episode, Greg examines 3M, a company that has been in our portfolio for over a decade. Although the company's stock has recently seen a decline, he makes the case that it is much easier to 10x a stock's income than it is to 10x a stock's price — all it takes is a mindset. Later, he explores if there is any value in market predictions and forecasts.

Send us a text

Book time on our calendar here

When Challenges Arise, the Better Investment Isn't Always Obvious

The Dividend Mailbox

10/22/22 • 23 min

More on dividend growth investing -> Join our market newsletter!
It's safe to say that the stock market faces some daunting problems currently. To some investors, it's enough to make them change their strategy, seek alternate investments, or pull out entirely. Regardless of the negative consequences those actions can have on your portfolio, haven't investors always faced challenges? As Morgan Housel brilliantly states: "Every past market decline looks like an opportunity, and every future decline appears to be a risk."
Understandably, if you were to listen to all the noise out there, it'd be hard to look past your nose. That is why in environments like this, one of the best things you can do is take a step back and gain some perspective.
In this episode, Greg shares a couple of reassuring stories that illustrate how important it is to stay the course. In fact, if you stay on track long enough, it could result in immense wealth. He examines how a rental property investment might perform decently well, but falls short in comparison to dividend growth. Later he takes a look at NASA's recent D.A.R.T. mission success, drawing a comparison to long-term investing.

Send us a text

Book time on our calendar here

The Dilemma With Slow Growth

The Dividend Mailbox

11/18/22 • 30 min

More on dividend growth investing -> Join our market newsletter!
Constructing an attractive yet sustainable dividend growth portfolio is no easy feat, especially one that meets your expectations. As much as you try, you will eventually invest in a company whose dividend growth rate doesn't meet your expectations. For us, we want to attain a dividend growth rate of at least 6% a year on average, and ideally faster than that. Every investor needs a process for evaluating whether a company is a net positive on their portfolio, or if it’s weighing it down.

But it’s not black and white. If the dividend growth hasn’t been there, but the stock price has done well and you've owned it for a long time, reaching a decision can be complicated. The dilemma is: do you sell the company and move on, or can you see a clear path for the company to get back on track?

For our 17th episode, Greg looks at Emerson Electric (EMR), a company we have owned for over 10 years. While the stock has returned over 150%, the dividend growth rate has not met our expectations. Faced with the dilemma of selling the company, he takes you through our process of how we figure out what to expect going forward. Later he contrasts this story with Hanes Brands, a company that we eventually sold.

Within the show, we use a simple dividend growth model as a starting point. If you would like to follow along, it is linked below:
EMR Simple Dividend Growth Model

Send us a text

Book time on our calendar here

Do Dividends Care About Recessions?

The Dividend Mailbox

01/21/23 • 38 min

More on dividend growth investing -> Join our market newsletter!
Heading into 2023, it seems as though the word recession is on the tip of everyone's tongue. At first thought, a recession might make you grimace, but what do they actually mean in real terms for an investor? Truth be told, you never know you're in a recession until after the fact, but it is essential to understand how they affect the economy. If you're a long-time investor, 2008 and 2001 were painful examples of just how fast your portfolio's value can change. So we know recessions are bad for the stock market... are they that bad for dividends?
Good news for the dividend growth investor — dividends are resilient through even the worst of downturns.
In this month's episode, Greg takes a page out of the market history book to dive into just how recessions affect GDP, earnings, the stock market, and especially dividends. He makes the case that dividends are a much more stable, if not the most predictable, factor to focus on when things get rough. Later he examines UPS as a potential dividend growth candidate.

Send us a text

Book time on our calendar here

Sometimes Value Outweighs Sustainable Growth

The Dividend Mailbox

02/22/23 • 40 min

More on dividend growth investing -> Join our market newsletter!
When the goal is to compound wealth for decades, there is a significant difference between dividend growth and sustainable dividend growth. While the difference is obvious enough, they are two distinctly different investments and should be treated as such. Although we believe that sustainable dividend growth is ultimately what builds wealth over time, that doesn't mean that other investment ideas should be ignored altogether. When a stock gets cheap enough, even if its dividend is questionable, sometimes you have to jump on it.
In this episode, Greg builds on the premise of Episode 18 and examines Oaktree Specialty Lending Corporation ($OCSL), a business development company with a 10%+ yield. At the risk of contradicting himself and the case he made against high yield, he argues that there comes a time when value beats dividend sustainability. While the risks of high-yield investments remain, he uses OCSL to compare dividend growth vs. sustainable dividend growth. Later on, Greg provides updates on companies we have covered in past episodes, and where we view them post-Q4 earnings. If you are interested in the original episodes where we went in-depth into each story, they are linked below:
The Clorox Company ($CLX): Ep. 8 - Dirty vs. Clean Opportunities & Ep. 9 - Greater Volatility and More Uncertainty...
Emerson Electric ($EMR): Ep. 17 - The Dilemma With Slow Growth
3M Co ($MMM): Ep. 15 - You Don't Need A "Winner" to 10x Your Income
United Parcel Service ($UPS): Ep. 19 - Do Dividends Care About Recessions?

Send us a text

Book time on our calendar here

Greater Volatility & More Uncertainty: Monitoring Chevron and Clorox In The Dividend Mindset

The Dividend Mailbox

03/16/22 • 20 min

A lot has happened in the span of a month, especially in regard to inflation, interest rates, and the Ukrainian War. These events have only added to the downward momentum of the stock market so far this year, painfully reminding investors that not every year can be like 2021.

Last month we took an in-depth look at two investment ideas: Chevron and Clorox. Has the recent market volatility really changed the long-term prospects of these companies? It is never fun to watch your account value sink, but in this episode, Greg argues that only more opportunities have presented themselves. He also examines how to determine whether to buy, hold, or sell, when dividend growth is the key goal. It is only natural to have anxiety about the market right now, but by adopting the dividend mindset, you can sleep better at night.

Send us a text

Book time on our calendar here

Show more best episodes

FAQ

How many episodes does The Dividend Mailbox have?

The Dividend Mailbox currently has 46 episodes available.

What topics does The Dividend Mailbox cover?

The podcast is about Retirement, Investments, Financial Literacy, Investing, Future, Mindset, Income, How To, Portfolio, Growth, Podcasts, Finance, Education, Business and Stocks.

What is the most popular episode on The Dividend Mailbox?

The episode title 'Is Your Goal to Make Money or Build Wealth?' is the most popular.

What is the average episode length on The Dividend Mailbox?

The average episode length on The Dividend Mailbox is 32 minutes.

How often are episodes of The Dividend Mailbox released?

Episodes of The Dividend Mailbox are typically released every 30 days, 20 hours.

When was the first episode of The Dividend Mailbox?

The first episode of The Dividend Mailbox was released on Mar 19, 2021.

Show more FAQ

The Dividend Mailbox

Greg Denewiler

Top 10 The Dividend Mailbox Episodes

FAQ

How many episodes does The Dividend Mailbox have?

What topics does The Dividend Mailbox cover?

What is the most popular episode on The Dividend Mailbox?

What is the average episode length on The Dividend Mailbox?

How often are episodes of The Dividend Mailbox released?

When was the first episode of The Dividend Mailbox?

Comments