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
July 2017 Issue Ready for Download
The July 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

The cover story examines income investing in world where firms are increasing devoting cash to buybacks. In the Portfolio Roundup, Dividend Select portfolio manager Michael Hodel provides his latest thoughts on General Electric GE.

The Portfolio Focus section features Enterprise Products Partners EPD, Hanesbrands HBI, Pfizer PFE, and Spectra Energy Partners SEP, while the Dividend Drill highlights L Brands LB and Teva Pharmaceutical TEVA.

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

Best wishes,

David Harrell
Managing Editor, Morningstar DividendInvestor
 
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