The Richmond advantage involves cutting through the noise and applying a disciplined, bottom-up investment approach. Richmond takes a long-term view of investing with a focus on generating a growing level of income, preserving capital, and achieving capital appreciation over time.
Generate an above market yield and growing distributions by focusing on North American dividend paying companies
Dividends that steadily rise over time are not necessarily the cause of superior total returns for a stock. Rather, they are a symptom of a well-run business with a lasting competitive advantage – and therein lies the cause.
- Scott Yester
Key Investment Criteria
The Fund Portfolio focuses on companies that pay a dividend or distribution.
Yield level considered but secondary to long term dividend growth
Balance Sheet Strength
Capital resources to finance growth, dividends, and share repurchases
Low to moderate debt levels
Long Term Growth Orientation
Focus on free cash flow generation
Able to reinvest cash flows at consistently high rates of return and defend returns against competition
Company specific opportunities and challenges
Secular and cyclical trends facing the industry
Management stewardship based on results
Focus on growth potential, cash flow generation, and dividend growth