Group 1 - The article emphasizes the importance of focusing on companies with reliable and proven business models for dividend-focused investing [1] - Scott Kaufman, known as Treading Softly, has over a decade of experience in the financial sector and is the lead analyst for Dividend Kings [1] - The goal is to achieve a strong total return through cash dividends and capital gains [1] Group 2 - The article mentions that Kody's Dividends, Justin Law, and Rachel Kaufman are part of the Dividend Kings team, indicating a collaborative effort in dividend analysis [2] - There is a disclosure of a beneficial long position in the shares of YORW, highlighting the analyst's vested interest in the stock [2]

Core Insights - The article emphasizes the importance of focusing on companies with reliable and proven business models for dividend-focused investing [1] Group 1: Investment Strategy - The approach is centered on achieving a robust total return through cash dividends and strong capital gains [1] - The lead analyst for Dividend Kings provides actionable insights into high-quality dividend-growing and undervalued opportunities [1] Group 2: Analyst Background - The lead analyst, Scott Kaufman, has over a decade of experience in the financial sector, which informs his investment strategies [1]

Core Viewpoint - The article highlights three companies known as "Dividend Champions," which have a long history of increasing dividends, making them attractive for income investors as interest rates are expected to decline in the future [3]. Group 1: Royal Gold - Royal Gold, based in Denver, Colorado, has a dividend yield of 0.77% and has raised its dividend every year since July 2000, with a total increase of 58.3% since 2021, outpacing the 19% inflation during the same period [4][5][6]. - The company has maintained its dividend growth even during periods of declining gold prices, such as from 2012 to 2020, when its dividend increased by 87% despite gold prices falling [6][8]. - Royal Gold's business model involves acquiring royalty interests in various metals, allowing it to sustain dividend increases regardless of gold price fluctuations [7][8]. Group 2: York Water - York Water, a Pennsylvania-based water utility, has announced its 29th annual dividend hike, maintaining a record of 620 consecutive payouts since 1816, which is believed to be a record for American companies [9][10]. - The company's recent dividend increase of 4% in 2025 is above the 2.7% inflation rate, and since 2021, it has raised its dividend by 22%, demonstrating its ability to keep pace with inflation [10]. - With a payout ratio of just 63%, York Water's dividend appears sustainable, as its earnings are growing faster than its payouts [12]. Group 3: Caterpillar - Caterpillar, a leading manufacturer of construction and mining equipment, has increased its dividend for 31 consecutive years, including a 7% increase announced last June [13][14]. - The company's dividend has grown by 46.6% since 2021, significantly outpacing inflation, and its long-term track record shows that payouts have tripled over the last 25 years [14][16]. - Caterpillar's resilience is evident as it continued to increase dividends during economic downturns, such as the Financial Crisis and the pandemic, showcasing management's commitment to rewarding shareholders [16][17].

Core Insights - The stock market has shown strong performance in 2025, with major indices reaching record highs, indicating Wall Street's potential for wealth creation [1][2] Group 1: Visa - Visa has a strong track record, with shares climbing in 13 of the last 15 years, and only two declines of 0.3% and 3.3% in 2021 and 2022 respectively [4] - The company's performance is closely tied to economic growth, benefiting from increased consumer and business spending [5] - Visa's focus on payment facilitation rather than lending allows it to avoid capital set-asides for loan losses, enabling quicker recovery during economic downturns [6] Group 2: The Trade Desk - The Trade Desk is positioned for recovery in 2026, with midterm elections expected to boost ad spending [7] - The company's Unified ID 2.0 technology is gaining traction, which could enhance its pricing power and sustain double-digit sales growth [8] - Shares are currently valued at 18 times forward earnings, presenting a bargain compared to previous expectations of 20% to 40% annual sales growth [9] Group 3: Meta Platforms - Meta Platforms remains fundamentally attractive despite high market valuations, with its apps attracting an average of 3.54 billion daily users [11][12] - The introduction of generative AI solutions is expected to enhance ad pricing power and improve click-through rates [13] Group 4: UnitedHealth Group - UnitedHealth Group faced challenges in 2025 but has historically risen in 22 of the last 26 years [16] - The company is exiting unprofitable markets and plans to increase healthcare premiums, which should enhance its pricing power [17] - The Optum subsidiary is expected to rebound, potentially making UnitedHealth a top performer in 2026 [18] Group 5: Sirius XM Holdings - Sirius XM operates as a legal monopoly in satellite radio, generating over 75% of its revenue from subscriptions, which provides predictable cash flow [20][21] - The company has a forward P/E ratio of less than 7, representing a 46% discount to its five-year average [22][23] Group 6: BioMarin Pharmaceutical - BioMarin focuses on ultrarare-disease therapies, with its drug Voxzogo expected to exceed $1 billion in sales this year [25][26] - The company is streamlining operations and is projected to achieve mid-to-high single-digit sales growth in 2026 [27] Group 7: NextEra Energy - NextEra Energy has generated positive returns for investors in 21 of the last 24 years, benefiting from stable electricity demand [29] - The company leads in renewable energy capacity, which has reduced generation costs and supported high-single-digit EPS growth [30][31] Group 8: Okta - Okta provides essential cybersecurity services, with demand expected to grow as cyber threats persist [33][34] - The company's subscription backlog increased to nearly $4.3 billion, reflecting strong growth potential [35] Group 9: York Water - York Water is positioned for significant revenue growth if its proposed rate increase is approved, potentially increasing annual revenue by 32% [37][38] - The company has a long history of dividend payments, enhancing its appeal as a stable investment [39] Group 10: O'Reilly Automotive - O'Reilly Automotive has advanced in 21 of the last 23 years, benefiting from the increasing age of vehicles on the road [41] - The company's share-repurchase program has positively impacted its EPS, making it attractive to value investors [43]

Core Viewpoint - The article discusses the investment position of the author in YORW, indicating a beneficial long position through various means such as stock ownership and derivatives [1]. Group 1 - The author expresses personal opinions regarding the investment without receiving compensation from any company mentioned [1]. - The article emphasizes that it is not financial advice and encourages investors to conduct their own due diligence before making investment decisions [2]. - It highlights the ownership of European and Canadian tickers by the author, indicating a vested interest in the companies discussed [2]. Group 2 - The article notes that past performance does not guarantee future results, and no specific investment recommendations are provided [3]. - It clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [3]. - The article mentions that analysts may not be licensed or certified, which could affect the credibility of the investment insights provided [3].

Core Insights - The article discusses the investment position of the author in YORW shares, indicating a beneficial long position through various means such as stock ownership and derivatives [1] Group 1 - The author expresses personal opinions regarding the investment without receiving compensation from any company mentioned [1] - The article emphasizes that it is not financial advice and encourages investors to conduct their own due diligence before making investment decisions [2] - It highlights the ownership of European/Scandinavian tickers by the author, indicating a vested interest in the companies discussed [2] Group 2 - The article notes that past performance does not guarantee future results, and no specific investment recommendations are provided [3] - It clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [3] - The article mentions that analysts may not be licensed or certified, which could impact the credibility of the investment insights provided [3]

Core Points - York Water declared a quarterly dividend of $0.228 per share in November 2025, representing a 4.0% increase from the prior year [1] - The company has maintained a dividend payment streak that extends over a decade [1]

Core Insights - The article highlights York Water as an exceptional dividend stock with a 209-year streak of continuous payouts, significantly longer than any other company [15][12] - It emphasizes the stability and predictability of dividend-paying companies, particularly in the utility sector, which can navigate economic uncertainties effectively [4][16] Company Overview - York Water, a water and wastewater utility based in South-Central Pennsylvania, has been paying dividends since 1816, making it one of the rarest dividend stocks [13][15] - The company has a market capitalization of approximately $471 million and services 57 municipalities [13] Dividend Performance - York Water has maintained a continuous dividend payment for 209 years, a record unmatched by any other company, with only three U.S. presidents having served during its payout history [15] - The company's dividend yield is currently 2.74%, which is considered modest but reflects a significant share price appreciation of 476% since the year 2000 [21] Financial Stability - The predictability of York Water's cash flow is attributed to the stable demand for water services and the regulatory environment that protects its pricing [16][18] - The Pennsylvania Public Utility Commission (PPUC) regulates rate increases, ensuring a stable revenue stream for York Water [18] Growth Potential - York Water has requested a rate increase of $24.2 million, which would boost its annual revenue by 31% from the projected $78 million for the current year [19] - The company has also pursued bolt-on acquisitions to expand its customer base, which is expected to be accretive to its earnings [20] Valuation - York Water is currently valued at less than 21 times forward-year earnings, representing a 29% discount to its average forward price-to-earnings multiple over the past five years [20]

Core Points - The article discusses the importance of enabling Javascript and cookies in browsers to avoid access issues [1] - It highlights that ad-blockers may prevent users from proceeding to the desired content [1] Summary by Categories Technical Requirements - Users are advised to enable Javascript and cookies in their browsers to ensure proper functionality [1] - The presence of ad-blockers can lead to restrictions in accessing content [1]

Core Insights - York Water (YORW) reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing an increase from $0.41 per share a year ago, resulting in an earnings surprise of +13.16% [1] - The company posted revenues of $20.36 million for the quarter ended September 2025, which was 3.04% below the Zacks Consensus Estimate, but an increase from $19.72 million year-over-year [2] - York Water shares have underperformed the market, losing about 0.9% since the beginning of the year compared to the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.36 on revenues of $20 million, and for the current fiscal year, it is $1.35 on revenues of $78 million [7] - The estimate revisions trend for York Water was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Utility - Water Supply industry, to which York Water belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]