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.

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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.

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.

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Is Your Goal to Make Money or Build Wealth?

The Dividend Mailbox

08/16/22 • 26 min

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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.

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With New Leadership, is Starbucks a Solid Dividend Candidate?

The Dividend Mailbox

09/18/24 • 38 min

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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

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Mastering the Corporate Life Cycle and Its Impact on Your Investments

The Dividend Mailbox

10/18/24 • 38 min

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The corporate life cycle is an important yet often overlooked factor in investing. Like all things, companies age over time, with each phase having its own pros and cons.
In this episode, Greg explores the corporate life cycle's impact on dividend growth investing. Using research from Morgan Stanley and Aswath Damodaran, he covers various stages of a company's life, including startup, young growth, high growth, mature growth, mature stable, and decline— with examples from companies like Rivian, Nvidia, Microsoft, PepsiCo, GE, IBM, Intel, AT&T, and Tesla. Highlights include the prolonged profitability in maturity phases, industry-specific aging rates, and risks associated with corporate debt and large acquisitions. Greg emphasizes understanding a company's phase for strategic investment decisions and the critical role of suitable CEOs.

00:00 Introduction
01:12 The Importance of Understanding the Corporate Life Cycle
02:10 Morgan Stanley's Five Stages of the Corporate Life Cycle
02:58 Key Metrics in the Corporate Life Cycle
05:39 Profitability and Debt in Different Stages
08:37 Cost of Equity and Capital in Mature Companies
11:10 Aswath Damodaran's Six Stages of the Corporate Life Cycle
14:08 Examples of Companies in Different Life Cycle Stages
20:15 Dividend Investing: High Growth to Mature Growth
21:48 Mature Stable Phase: Dividend Income and Growth
22:56 Challenges in Mature Stable Phase
24:24 Decline Phase: Managing Declining Cashflow
25:44 Narrative vs. Numbers in Company Growth
29:08 Pricing and Valuation Across Growth Phases
31:59 CEO Roles in Different Growth Phases
35:59 Conclusion: Investing Across Lifecycle Stages

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

The Dividend Mailbox

09/16/22 • 25 min

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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.

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The S&P 500 Dividend Yield Is Low, but the Next 10 Years Are Simple Math

The Dividend Mailbox

11/19/24 • 38 min

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The last time the S&P 500 dividend yield was sitting at 1.17% was in February of 2001. Many investors remember the stretched valuations 23 years ago, and even more so, how the following year proved to correct that exuberance. While stock prices are currently hovering around all-time highs, us dividend growth investors targeting a yield of 2.5-3% may find challenges in this environment.
Given this, and the uncertainty surrounding the recent presidential election, Greg spends episode 41 reviewing the foundational pillars behind our investment strategy. Even with low yields, the next 10 years of performance can be boiled down to relatively simple math. As GDP expands, corporate earnings grow, which in turn gives investors increasing dividend checks. Through several illustrations of what that looks like in your portfolio, Greg concludes that the dividend growth strategy is alive and well. Later, he reviews some recent actions we have taken, highlighting decisions on selling part of Emerson ($EMR), adding to Hershey ($HSY), and starting a position in Union Pacific ($UNP).
00:00 Introduction to The Dividend Mailbox
00:46 Current Market Overview
001:54 The Drivers Behind The Dividend Growth Strategy
005:10 Historical Performance Analysis
007:52 Future Predictions and Assumptions
010:28 Dividend Growth vs. Buybacks
12:15 Portfolio Growth & Return Illustration
20:16 Market Yields, Challenges, and Opportunities
27:46 Our Recent Portfolio Actions
35:16 Conclusion and Final Thoughts

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Selling Is Easy... But Can You Hold Like Ronald Read?

The Dividend Mailbox

07/15/22 • 27 min

When the only streak in the market seems to be a losing one, it's easy to wonder if you should jump ship. Bear markets test the resolve of even the most seasoned investors. But the investors that achieve next-level success have unwavering faith in their strategy, standing strong regardless of market conditions.
One of these exceptional investors is Ronald Read; a simple man, with a simple lifestyle, and a simple strategy. Yet, there was nothing simple about his discipline over the course of more than 70 years of market events.
In this month's episode, Greg takes you through the complete story of Ronald Reed. You may not know his name now, but his story is one to remember when the going gets rough. He also takes a look at current market conditions and provides some brief updates on companies we have covered in past episodes.

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Special Interview With Simeon Hyman - Global Investment Strategist at ProShares

The Dividend Mailbox

06/15/22 • 40 min

In this month’s special episode, Greg interviews Simeon Hyman, the Global Investment Strategist and Head of Investment Strategy at ProShares.

With over $60 billion in managed assets across more than 100 different ETFs and funds, ProShares is a large-scale player in the financial markets. Their second-largest fund, The S&P 500 Dividend Aristocrats Fund (Ticker: NOBL), is a testament to the power of dividend growth and showcases just how effective compounding returns over time is.

During the interview, Greg picks Simeon’s brain about dividend growth investing and how NOBL executes this strategy extremely well. Later, Greg and Simeon dispel some misconceptions some investors may have.

As June marks the 12th monthly episode of TDM, a full year of growing dividend checks is in the rear-view mirror. Considering everything we’ve covered so far, we hope you enjoy this special interview!

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Not Every Stock That Glitters Is Gold, You Have to Dig a Little Deeper

The Dividend Mailbox

04/15/22 • 22 min

On the surface, a lot of companies may look like they fit the dividend growth model and could be good candidates. But you have to be careful, they could be duds. As with all investment ideas, it's never a bad thing to dig a little bit deeper into the company. At a minimum, you have to get a clear picture of how the company can sustain its operations, margins, and dividends. If it is hard to see how the company gets from point A to point B, that is a red flag.
In this episode, Greg uses Whirlpool as an example of a company that deceptively appears to fit the bill, but probably has a high chance of falling short. Later, he takes a look at how much you pay for growth versus value and why it is critical to pay attention.

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What NOT to Invest in During High Inflation & Other Topics

The Dividend Mailbox

05/13/22 • 22 min

There are many factors to blame for the ongoing bear market. While 2022 appears to have never-ending red days, the topic that hits closer to home is red-hot inflation. It may be challenging to invest in an environment like this, but you will undoubtedly lose purchasing power if you don't. It seems investors are between a rock and a hard place.
In this episode, Greg eases the dilemma of choosing where to put your assets during high inflation. It shouldn't come as a surprise that a growing income stream of dividends is an excellent place to start. Later on, he looks at the market's overall valuation and takes a different approach toward speculation (contrary to what Warren Buffet may say). At the end, we introduce our first official segment, "Right, Wrong, or Who Cares?" to ensure we're staying up to date with our investments.

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FAQ

How many episodes does The Dividend Mailbox have?

The Dividend Mailbox currently has 42 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 31 minutes.

How often are episodes of The Dividend Mailbox released?

Episodes of The Dividend Mailbox are typically released every 31 days, 2 hours.

When was the first episode of The Dividend Mailbox?

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

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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?

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