New Dividend Portfolio Launched
Santa Barbara, CA – January 16, 2019: A new Sabrient Dividend UIT (FEDMKX), 26th in the series, was launched by First Trust Portfolios on January 16, 2019. The portfolio will terminate on January 15, 2021.
The Sabrient Dividend Series seeks above-average total returns through a combination of capital appreciation and dividend income. The stocks are selected by applying a seven-step investment strategy process developed by Sabrient. Among other criteria, stocks must have above-average dividend yield, a minimum of six consecutive dividends that were the same or better than the previous quarter, strong earnings growth potential, along with a market cap of $500 million or more and sufficient liquidity
The strategy includes the Sabrient Earnings Quality Rank (EQR), a proprietary forensic accounting factor that ranks the conservatism of a company’s accounting. Companies with aggressive accounting practices are penalized in the rankings, while companies with overly aggressive accounting practices are eliminated in an effort to avoid companies that could be overstating or even “creating” the reported growth.
The Dividend Series was originally launched in April 2013. You can see a list of all the Dividend UIT portfolios here with links to their performance pages on First Trust Portfolios.
To follow the performance of this portfolio or to obtain an FAQ or prospectus, go to the First Trust Portfolios website and enter the portfolio ticker.
ABOUT SABRIENT SYSTEMS, LLC
Sabrient Systems is an independent investment research firm offering both quantitative and qualitative research. Sabrient uses a fundamentals-based, quantitative approach to build powerful investment strategies for the creation of stock indices (tracked by ETFs), unit investment trusts (UITs), and other types of investable products for portfolio managers and fund sponsors. These strategies are also used to create rankings and ratings on more than 5,000 equities, resulting in investor products for retail customers of brokerage firms, professional advisors, and private wealth managers. Sabrient’s subsidiary Gradient Analytics, acquired in 2011, offers expertise in financial analysis, forensic accounting, and executive behavior. Sabrient is based in Santa Barbara, California.
# # #