Equity Income

The Eagle Equity Income program offers clients the opportunity not only to take advantage of the security of steady income but also the opportunity to participate in the market's long-term growth potential. The portfolio is diversified among common stocks, convertible bonds, convertible preferred stocks and real estate investment trusts (REITs).

The Eagle Equity Income team identifies investment opportunities based on the following criteria:

Income


  • Yield or dividend growth at or above the S&P 500 Index
  • Demonstrated commitment to paying and increasing dividends

Growth


  • Dominance in expanding industry
  • Growth rate greater than inflation

Stability


  • Free cash flow and shareholder-oriented management
  • Stock price below estimated intrinsic value

Sell discipline


  • Price appreciation near or above sustainable level
  • Deterioration of company fundamentals, indicative of dividend cut
  • Occupation of too large a portion of total portfolio
  • Development of more attractive investment opportunity