About the Editor

Michael Hodel is the editor of Morningstar DividendInvestor, a monthly newsletter that focuses on dividend income investment strategy. For illustration purposes, issues highlight activities pertaining to a Morningstar, Inc. portfolio invested in accordance with a current income and income growth from stocks strategy.

Michael is portfolio manager for Morningstar Investment Management LLC, a federally registered investment adviser and a wholly-owned subsidiary of Morningstar,Inc. At Morningstar, Mike was a technology strategist for Morningstar, responsible for telecommunications research. He also served as chair of Morningstar's Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar. He joined Morningstar in 1998.

Hodel holds a bachelor's degree in finance, with highest honors, from the University of Illinois at Urbana-Champaign and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.

 
Investment Strategy

Dividends are for everyone regardless of age. The outcome of owning dividend-yielding stocks is the key variable-higher-yielding stocks with safe payouts being less risky while affording investors who don't need current income the ability to reinvest/reallocate the capital.

The goal of the Dividend Select Portfolios is to earn annual returns of 8% - 10% over any three-to-five year rolling time horizon. We further seek to minimize risk, as defined by the probability of a permanent loss of capital. For our portfolio as a whole, this goal is composed of:

3% - 5% current yield
4% - 6% annual income growth

 
About Josh Joshs Photo
Michael Hodel, CFA
Editor, Morningstar DividendInvestor
Portfolio Manager, Dividend Select Portfolios
Michael Hodel is the editor of Morningstar DividendInvestor, a monthly newsletter that focuses on dividend income investment strategy. For illustration purposes, issues highlight activities pertaining to a Morningstar, Inc. portfolio invested in accordance with a current income and income growth from stocks strategy.
Featured Posts
September 2017 Issue Ready for Download

The September 2017 issue of Morningstar DividendInvestor is now available for download on our website. Just click this link to reach the PDF download page:

http://mdi.morningstar.com/Newsletter.aspx

In this month's cover story, David Harrell, managing editor, and Michael Hodel, editor and portfolio manager, answer some of our subscribers' most frequent questions. While the volume of correspondence sometimes prevents us from responding to each message, we do read them all, and your feedback and suggestions are always appreciated. 

This issue's Portfolio Focus stocks are Lamar Advertising LAMR, PPL PPL, and Welltower HCN and the Dividend Drill section features Interpublic Group IPG and Johnson Controls International JCI. 

As a reminder, there won't be a weekly update on Friday, August 18, but updates will resume the following week, on August 25th.

If you have any problems downloading the PDF or other subscription-related questions, please send us an email at

newslettersupport@morningstar.com.

Best wishes, 

Peggy Seemann
Senior Product Manager, Morningstar DividendInvestor

 
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