The Art of Dividend Investing - Complete course

In this lecture, I will explain to you one of the fundamental concepts to become a good dividend investor which is understanding the importance of cash for a company. You will learn where cash comes from and how it flows through the company operations. You will also learn the difference between the cash flow statement & the income statement.

Lecture 4 will teach you how the cost of money evolves over time due to inflation and how this shall influence your investment decisions.

Not all companies pay out dividends. Very often dividend payouts or even return to shareholders are strongly influence by the company's current stage of development known as corporate lifecycle. This lecture will teach you how to look at companies from a lifecycle perspective. It includes concrete examples from the DowJones 30.

Dividends are one form of return to shareholders. The dividend return can take various forms ranging from the well-known cash dividends, to scrip dividends & warrants and other forms. This lecture will go in-depth in defining the various types of dividends with concrete examples.

Share buybacks are an indirect way to giving a return to shareholders. In this lecture we will be discussing the details of share buybacks, how to spot them in the cash flow statement and establishing a total yield based on cash dividend adding share buyback yield to the calculation.

The last type of return to shareholders we will be discussing in this chapter is the debt downpayment or payoff mechanism. In this lecture I will explain you how debt payoff works and reduces the solvency of the company (debt to equity ratio) and by that the book value of the company.

In this lecture, I will explain you  the various dividend policy attributes like consistency, frequency and how to interprete those attributes as an investor/shareholder.

For dividend investors, dividend aristocrats & kings are like the holy grail. In this lecture I will introduce the concept of aristocrats & kings but also show you through a concrete calculated example the so-called SNOWBALL EFFECT. The snowball effect is in fact my holy grail as a value & dividend investor.

Not all dividends are good dividends. In this lecture I will share my perspective on what a good dividend payout ratio is and also calculate through real examples the dividend yield and how it compares to the payout ratio.

Being a good dividend investor requires also a good understanding on the dividend payment process. This lecture will explain the important things to know related to the dividend payment process in order to avoid any unnecessary mistakes.

As an investor you cannot be good & fluent in any sector. In this lecture I will be explaining how to define your circle of competence with its segmentation attributes but also sharing concretely how my circle of competence looks like with my own segmentation attributes.

The lecture starts with a 3 min introduction to clarify the preferred shares vs common shares difference and also the ISIN which is an important concept to know before buying shares on the stock market. The core of this lecture is focused on explaining how to determine if a share price is undervalued by the market and comparing it with its intrinsic value. I will give concrete step-by-step calculations based on the Gordon dividend growth model and walk you through the interpretation of the intrinsic value figure for a specific stock.

Value & dividend investors are sometimes attracted by value traps. This course will try to give you some criteria to avoid those value traps.

In this last lecture, I will be summarizing all the lectures with a dividend checklist and walking you through an exercice that you can do for yourself