For more than two decades, Miller/Howard Investments Inc. has used highly disciplined investment strategies to manage portfolios for major institutions, mutual funds, and individuals. This boutique investment firm relies on robust fundamental research and thorough valuation analysis with the goal of generating returns that rise steadily, without excessive volatility, in any market environment.
Toward that end, Miller/Howard invests in infrastructure, real assets, companies that provide essential services, and master limited partnerships, as well as high-quality stocks with high current dividend yield and strong dividend growth. Miller/Howard’s landmark 1989 study of utilities as an asset class led to an income equity strategy emphasizing stable companies with not just high yields and rising dividends but a potential “growth kicker.” The idea is to emulate the zen-like tortoise as opposed to the excitable hare.
“What we really want from an 'investment'—in the deep traditional sense of the word—is a way to benefit from the long-term increases in equity values, without having to 'play the market,’” said firm founder Lowell Miller. “We want a tangible common-sense approach that will leave us mostly free of anxiety.”