SHAREHOLDER YIELD: A Better Approach To Dividend Investing
Important: Please Note the New Location!
Mebane Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management will present his popular seminar to AAII members:
In this low-return environment, investors have flocked to dividend stocks in search of yield. However, companies in the U.S. markets are paying out less in dividends due to legal, tax and structural changes. Consequently, investors should consider all of the direct and indirect ways in which companies distribute their cash to shareholders, a metric commonly referred to as “shareholder yield.” Mebane Faber will discuss his new book, “Shareholder Yield: A Better Approach to Dividend Investing,” and show how to analyze portfolios based on various cash flow metrics. He will demonstrate that portfolios of companies with high shareholder yields outperform both broad market indexes and other high-dividend-yield portfolios by a substantial margin. It is more important than ever to consider the alternative methods by which companies distribute their earnings.
Attend This Meeting to Learn:
How to find returns in a low return world
Why focusing on dividends alone is a mistake
A better approach to income investing
Reasons to Attend This Meeting:
- Hear information beneficial to you if you own stocks and are looking for income
- Learn more about dividend stocks
Speaker: Mebane Faber
Mebane Faber is a co-founder and the chief investment officer of Cambria Investment Management. Faber is the manager of Cambria's Global Tactical ETF (GTAA), separate accounts and private investment funds for accredited investors. Faber is also the author of the Mebane Faber Research blog, and the co-author of "The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets" (Wiley, 2011). He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times and The New Yorker. Faber graduated from the University of Virginia with a double major in engineering science and biology.
When & Where
AAII Silicon Valley Chapter
The AAII Silicon Valley Chapter is affiliated with the American Association of Individual Investors (AAII), a nonprofit corporation founded in 1978 for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research.
AAII local chapters are grassroots organizations led by volunteer AAII members, and allow AAII to extend its mission "person to person" to individual investors in their own communities by offering meetings that provide unbiased investment education in a social context.