Core Insights - The article emphasizes the importance of in-depth research in various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting the value of a free trial for potential investors [1]. Group 1 - The concept of a generation is defined as approximately 20 to 30 years, which is the typical duration for children to grow up and have their own offspring [1]. Group 2 - Leo Nelissen is identified as an analyst specializing in economic developments related to supply chains, infrastructure, and commodities, contributing to actionable investment ideas with a focus on dividend growth opportunities [2].

Core Insights - The article emphasizes the importance of three key investment factors: Quality, Yield, and Growth, particularly focusing on dividend growth as a strategy for generating passive income [1]. Group 1: Investment Strategy - The investment approach centers around high-quality dividend growth stocks aimed at creating a sustainable and growing passive income stream [1]. - The ideal holding period for investments is described as "lifelong," indicating a long-term focus on portfolio income growth rather than short-term total returns [1]. Group 2: Analyst Background - Austin Rogers is identified as a REIT specialist with a professional background in commercial real estate, contributing to the High Yield Landlord investing group [1]. - High Yield Landlord is noted as one of the largest real estate investment communities on Seeking Alpha, providing exclusive research and resources for its members [1].

Core Insights - The article emphasizes the importance of thorough research in investment decisions, particularly in sectors like REITs, mREITs, and other income alternatives [1] Group 1: Analyst Background - Leo Nelissen is identified as an analyst focusing on significant economic developments related to supply chains, infrastructure, and commodities [1] - He is a contributing author for iREIT®+HOYA Capital, aiming to provide insightful analysis and actionable investment ideas [1] Group 2: Investment Focus - The analysis particularly emphasizes dividend growth opportunities as a key area of focus for potential investments [1]

Core Viewpoint - The company aims for annual dividend per share growth of 7% or more over the next two years and plans to initiate an annual share buyback program starting in 2026 [1] Group 1 - The company targets a 7% or more increase in annual dividend per share over the next two years [1] - An annual share buyback program is set to commence in 2026 [1]

Group 1 - The article discusses the lack of recent focus on Charlie Munger, indicating a shift in investment strategies towards other areas [1] - Leo Nelissen is highlighted as an analyst specializing in economic developments related to supply chains, infrastructure, and commodities, aiming to provide insightful analysis and actionable investment ideas [1] Group 2 - The article includes a disclosure regarding beneficial long positions in shares of TPL, LB, and CME, emphasizing the author's independent opinions and lack of compensation from mentioned companies [2] - It is noted that past performance does not guarantee future results, and no specific investment recommendations are provided [3]

Core Insights - The article discusses the increasing popularity of option ETFs while highlighting that such funds have existed for a long time, exemplified by the Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) [1] Group 1: Investment Strategies - The company emphasizes the importance of a solid base of classic dividend growth stocks, complemented by Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - A hybrid investment system that balances growth and income is presented as an effective strategy to achieve total returns comparable to traditional index funds like the S&P [1]

Core Viewpoint - Enbridge is recognized as a high-quality income stock, having announced a 3% increase in its dividend, marking 31 consecutive years of dividend growth [1][11]. Financial Performance - The company has raised its quarterly dividend payment to CA$0.97 (approximately $0.70), translating to an annual dividend of CA$3.88 ($2.78) [3]. - Enbridge expects to generate distributable cash flow between CA$5.70 and CA$6.10 per share ($4.09-$4.37), reflecting a 3.5% increase from the previous year's guidance [4]. Dividend Sustainability - The anticipated dividend payout ratio is projected to be between 64% and 68%, comfortably within the company's target range of 60%-70% [4]. - Enbridge aims to grow its distributable cash flow per share at a compound annual rate of approximately 3% from 2023 to 2026 [4]. Growth Initiatives - The company plans to invest CA$8 billion ($5.7 billion) in growth capital projects in the upcoming year, including significant projects in its gas transmission segment [6]. - Enbridge is set to deploy about CA$10 billion ($7.2 billion) into growth capital projects next year, fully funded by its post-dividend free cash flow [7]. Long-term Outlook - Enbridge has secured CA$37 billion ($26.5 billion) in growth capital projects with in-service dates extending through 2033, providing strong visibility into its long-term growth [8]. - The company anticipates an acceleration in its distributable cash flow growth rate to around 5% annually after 2026, driven by heavy investments and project completions [9]. Investment Proposition - Enbridge's robust financial profile and growth visibility position it well for continued dividend increases, with expectations of low-to-mid single-digit annual increases in the coming years [10].

Group 1 - Investors are currently analyzing retailers to identify potential beneficiaries of seasonal consumer spending trends [1] Group 2 - The focus is on U.S. and European equities, particularly undervalued growth stocks and high-quality dividend growers [2] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is emphasized as a more reliable driver of returns than valuation alone [2] - The investment strategy aims to balance asset management to ensure financial freedom while maintaining the ability to work in fulfilling environments [2]

Group 1 - Jussi Askola is the President of Leonberg Capital, a value-oriented investment boutique specializing in REIT investing, consulting hedge funds, family offices, and private equity firms [1] - Askola has authored award-winning academic papers on REIT investing and has passed all three CFA exams, indicating a strong academic and professional background [1] - He leads the investing group High Yield Landlord, which shares a real-money REIT portfolio and transactions in real-time, providing features like buy/sell alerts and direct access to analysts [1]

Core Points - TXNM Energy, Inc. has announced a 3.7% increase in its annual dividend payment, raising it by $0.06 to an indicated annual rate of $1.69 per share [1][2] - The increase reflects the company's ongoing dividend growth strategy, supported by underlying earnings growth and increased capital investment plans [2] - The board declared a quarterly stock dividend of $0.4225 per share, payable on February 13, 2026, to shareholders of record by January 30, 2026 [3] Company Background - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, providing energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [3]