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Ep. 27 | Defining Return Expectations

April 08, 2024

We continually strive to improve upon our investment research process of underwriting businesses and making judgments about individual stock valuations. Our preference for companies with long histories of dividend consistency leads us to invest in higher-quality businesses, which we believe elevate our likelihood of success. Outlining our formal set of expectations around each component of investment return is something we find is well worth scrutinizing and continually tracking. One such protocol that helps us do this is our Total Shareholder Return (TSR) framework.

In this episode, we sit down with John Crawford, IV, CFA, our Managing Director of Equity Investments and Aaron Foresman, CFA, our Managing Director of Equity Research, to discuss how our Total Shareholder Return framework helps us define and evaluate internal expectations for a company. In addition to being available on our website, we are pleased that our podcasts are available on Spotify, Apple Music, or wherever you get your podcasts.

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Crawford Investment Counsel Inc. (“Crawford”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Crawford including our investment strategies and objectives can be found in our ADV Part 2, which is available upon request.

This material is distributed for informational purposes only. The opinions expressed are those of Crawford. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward looking statements cannot be guaranteed. There is no guarantee of the future performance of any Crawford investment strategy. Material presented has been derived from sources considered to be accurate and reliable, but makes no representation thereof and accepts no liability or any loss arising from use or reliance herein. 

The company identified herein is an example of a holding and is subject to change without notice. The company has been selected to help illustrate the investment process described herein. This is not a recommendation to buy or sell a particular security. It should not be assumed that any of the securities discussed were or will prove to be profitable, or that investment recommendations or decisions we make in the future will be profitable. Nothing herein should be construed as a solicitation, recommendation, or an offer to buy, sell or hold any securities, other investments or to adopt any investment strategy.

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