“If you’re finding companies that are giving you dividend growth rates of anywhere say from 10% to 12%, well north of inflation, that has a nice compounding effect. If you happen to get stock price appreciation along the way, from a total return perspective, that’s a good combination.”

 “That is something you would want to take advantage of now, especially if fed funds rates go down and money market rates go down. As free cash flow goes up, as an investor, you can take advantage of the possibility of a rising stream of income in the form of rising dividends because free cash flow is forecast to grow well beyond where fed funds rates are expected to be, say, in the next two to three years.”

 “Instead of buying based on high yields, investors should focus on companies that have free cash flow, a strong balance sheet and are competitively positioned... That all equals that sustainability of the dividend remaining intact and growing over time.”

 “In terms of opportunities for the rest of the year, I feel it is worthwhile to have a good weighting in technology and communications services. I would also look to have exposure to industrials, energy, healthcare and large financials.”

 “Cintas is getting stronger and stronger with each acquisition they make and every new customer they get. There are many other companies in the industry, but over time, they either sell out to Cintas or their financials look terrible in comparison.”

 “This is a company that has demand regardless of how the economy performs. It is not like AI which can go out of fashion. Everyone needs to eat, so it will never go out of fashion.”

 “I have seen the dollars that are going into RIA firms — the flow is set to overtake the bank and brokerage world within the next couple of years... Schwab is becoming a completely different company.”