Dividend Growth

Key Investment Tenets

Strategy Highlights

  • Positive revenue and earnings growth
  • Strong competitive position in stable, expanding industry
  • Positive earnings
  • Free cash flow positive
  • Established profit margins
  • Management focused on core business and aligned with stakeholders’ interests
  • Prudent use of debt and leverage

Style: Large Cap Growth


Inception: 10/31/2010


Benchmark: S&P 500 Index


Concentrated: Target Number of Holdings 35-45


Diversification Targets: 5% maximum individual security weight & 25% maximum exposure to a particular industry, in general


Focus on companies with:

- Growth of dividends commensurate with earnings

- At least four dividend increases in the last 5 years


Low Turnover: 15 to 25% annually


Fully Invested: Average cash allocation of 1 to 5%

  • Evaluate relative to history, peers, and economic conditions

Investment Policy Committee

E. Martine Elie, CFA  Committee Chair

Dan Lagan, CFA

Ryan Tumbry, CFA

key documents

Dividend Growth Strategy Card

Dividend Growth Commentary

Congress Asset Management

2 Seaport Lane, 5th Floor

Boston, MA 02210