Vision Capital Management’s large cap dividend growth strategy invests in dividend paying companies that we believe are likely to increase their dividends over time. We focus on dividends as well as total return and seek to invest in companies that have the ability to generate long-term, sustainable growth of their intrinsic value and dividends paid. We aim for a total portfolio dividend yield in excess of the dividend yield offered by the benchmark. We typically hold 30-35 stocks in our large cap dividend growth strategy and invest with a long-term perspective.
Our research process begins with a proprietary quantitative screen that defines companies relative to each other across the entire universe of U.S. companies. Companies with above average merits are assessed for fundamental sustainability and valued on an individual basis. Overall portfolio construction takes into account our desire to be over or under exposed to certain economic sectors and industries as well as the strategy’s relative posture to other types of equity market factors. We actively manage positions in anticipation of future events and when opportunities to take profits or invest additional capital emerge.