he roots of our Equity Income philosophy date back to the 1960's. Kenneth Cutler's proprietary research at that time led to his fundamental belief that dividend paying stocks would reward investors over non-dividend payers over the course of a market cycle. While the market has experienced several bubbles, dividends have been a consistent contributor toward investors' total returns. We believe that income has returned to importance in achieving stable returns. Money in hand is peace of mind.

This portfolio is structured to identify companies with consistent and increasing dividends. A company's dividend rate is often a signal from management on the future outlook of the company. A rising dividend payout is a vote of confidence. This strategy is not designed for market timers or investors with a short-term horizon. It is a disciplined approach to long-term wealth creation and preservation.