by Glenn Busch
May 3, 2012
The equity portion of our fund, the Fallen Angels Income Fund (FAINX), primarily invests in companies that we view as undervalued. We also are looking for stocks that pay a dividend, usually between 2-5%, and have the ability to grow their dividends over time. So it’s music to our ears when a position we own in the fund announces a dividend increase. Today Pepsi Co. (PEP) announced a dividend increase.
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by Glenn Busch
April 26, 2012
ConocoPhillips (COP) has been a position in the Fallen Angels Income Fund (FAINX) and our Enhanced Dividend Strategy for a while now. One reason for it’s addition into both portfolios was ConocoPhillips’ announcement to spin-off its refining business, Phillips 66 (PSX), to shareholders. We will receive our shares in Phillips 66 after the close on Monday, April 30. An added short-term bonus will be the addition on Phillips 66 to the S&P 500, joining ConocoPhillips in the index.
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