Fortress

Dividend Fortress

Contact

Enter Information. Select companies using Portfolio Builder from our carefully curated list of Dividend Growth Stocks that passed our detailed screening process for safety. Review current and future income with Plan Tool. Compare income to inflation and other investments with Compare Tool.

Enter Information

Save

Plan

Build Portfolio

Fortress Owners Manual

Avoid Resale Price Speculation

  • “Investment operation is one which, upon thorough analysis promises safety of principal and an adequate return….The future of security prices is never predictable”1
  • “shall define an investor as a buyer interested in dividends, or coupons and principal, and a speculator as a buyer interested in the resale price.”2

Buy and Hold for the Dividends

“A cow for her milk,
A hen for her eggs,
And a stock, by heck,
For her dividends.”2

Calculate Investment Value

  • “present worth of the future dividends in the case of a stock, or of the future coupons and principal in the case of a bond”2

Avoidance of Loss

  • “negative art. It is a process of exclusion and rejection, rather than of search and acceptance.”3
  • “The margin of safety that is counted on to protect the investor against loss or discomfiture in the event of some future decline in net income.”1
  • Risk Safety of principal “under all normal or reasonably likely conditions.”1

Inflation

  • “There is not certainty that a stock component will insure adequately against such inflation, but is should carry more protection than the bond component.”1
  • Protect purchasing power with ownership in equity because “chances are high that in any given period bonds will not beat inflation.”4

Company Selection

  • “The ability and inclination of management to pay and increase the dividend by an appropriate amount over the next three to five years.”5
  • “Is the dividend in jeopardy?”
  • “Has the company changed its dividend policy?”
  • “Has the company failed to raise its dividend for one year?”
  • “Has the company cut its dividend?”6

Portfolio Policy

  • Equal Dollar Weight When buying, buy in equal weights. Outcomes are uncertain.
  • Long Term ownership
  • Diversification7 10-30 companies are sufficient to protect income from

About Dividend Fortress

Tool Assumptions

  • Current period income is based on end of previous period values.
  • Contributions and reinvestment of income occur at end of a period.
  • Previous period income grows at given yield growth rate.
  • A period is a quarter.
  • Quarter compounding was chosen to match the typical dividend frequency.
  • Any estimated “Investment or Intrinsic Value” assumes no future growth and is period income divided by rate.



None of this content constitutes investing, tax, or legal advice. Consult with a legal, tax, or financial professional. This is not an offer to buy or sell any securities.

The data and content included is believed to be reliable at the time provided and may change. We make no warranty to the accuracy of the data or tool output. Any content contained on this site is provided as general market commentary and does not constitute investment advice. Dividend Fortress shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced and are subject to change without notice.

  1. Graham, Benjamin. The Intelligent Investor (New York: Harper, 1973), p. 18, 24, 57, 512. ↩ ↩2 ↩3 ↩4

  2. Willians, John Burr. The Theory of Investment Value (Harvard University Press, 1938), p. 1,5, 25, 47. ↩ ↩2 ↩3

  3. Graham, Benjamin; Dodd, David. Security Analysis: The Classic 1940 Edition . (McGraw Hill LLC. Kindle Edition), p. 79. ↩

  4. Daniel Peris. The Ownership Dividend The Coming Paradigm Shift in the U.S. Stock market (New York: Routledge, 2024) ↩

  5. Daniel, Peris. The Strategic Dividend Investor (New York: McGraw-Hill, 2011), p. 96. ↩

  6. Miller, Lowell. The Single Best Investment (Chicago: Independent Publishers Group, 2006), p. 7. ↩

  7. Statman, Meir. How Many Stocks Make a Diversified Portfolio? (Cambridge University Press: The Journal of Financial and Quantitative Analysis, Vol. 22, No. 3, Sep., 1987), pp. 353-363. ↩