🫧 217+ filings reached the boards in the last seven days; the busiest was Charter Amendments with 40+. Edgar read the five largest filers. Edgarette weighed them.
Every company first passes the same screen: No warning filing in 12 months (bankruptcy, debt trigger, non-reliance, auditor change, restructuring, impairment, cyber incident, late-filing notice) · assets greater than liabilities · 4+ audited years · market value $2B+ · US 10-K filers. This week 13 that would have ranked were left out: ACI (2.04), QFIN (foreign filer), TTD (2.05), WHR (2.05), TAP (2.05), GM (2.06), KR (2.06), PODD (4.01), TEAM (2.05), HUBS (2.05), ESTC (2.05), WDAY (2.05, 2.06), PINS (2.05).
Dividends + buybacks − shares issued for cash, latest fiscal year, ÷ market value. Cash handed back to owners per dollar invested at the price below.
| # | Company | Market value | Cash returned | Dividends | Net buybacks |
|---|---|---|---|---|---|
| 1 | IT Gartner Inc | $9.8B | 20.3% | 0.0% | +20.3% |
| 2 | FCN Fti Consulting, Inc | $4.9B | 17.5% | 0.0% | +17.5% |
| 3 | CRBG Corebridge Financial, Inc. | $15.4B | 17.0% | 3.3% | +13.7% |
| 4 | PVH Pvh Corp. | $3.6B | 16.0% | 0.0% | +16.0% |
| 5 | WEX WEX Inc. | $5.1B | 15.8% | 0.0% | +15.8% |
| 6 | AIG American International Group, Inc. | $42.5B | 15.7% | 2.3% | +13.4% |
| 7 | GPI Group 1 Automotive Inc | $3.7B | 15.6% | 0.7% | +15.0% |
| 8 | AGO Assured Guaranty Ltd | $3.9B | 14.5% | 1.7% | +12.8% |
| 9 | MMS Maximus, Inc. | $3.1B | 14.4% | 0.0% | +14.4% |
| 10 | KBH Kb Home | $4.3B | 14.1% | 1.6% | +12.5% |
| 11 | EPAM EPAM Systems, Inc. | $4.5B | 13.6% | 0.0% | +13.6% |
| 12 | GDDY GoDaddy Inc. | $11.9B | 13.4% | 0.0% | +13.4% |
| 13 | LAD Lithia Motors Inc | $7.4B | 13.4% | 0.7% | +12.7% |
| 14 | CMCSA Comcast Corp | $91.1B | 13.2% | 5.4% | +7.9% |
| 15 | MAT Mattel Inc | $4.5B | 13.2% | 0.0% | +13.2% |
| 16 | MORN Morningstar, Inc. | $6.6B | 13.1% | 1.2% | +12.0% |
| 17 | ADBE Adobe Inc. | $87.5B | 12.9% | 0.0% | +12.9% |
| 18 | MTN Vail Resorts Inc | $5.1B | 11.8% | 6.5% | +5.3% |
| 19 | SWKS Skyworks Solutions, Inc. | $10.5B | 11.7% | 4.1% | +7.6% |
| 20 | BYD Boyd Gaming Corp | $7.2B | 11.6% | 0.8% | +10.8% |
Operating cash flow, latest fiscal year, ÷ market value. Cash the business brings in per dollar invested. Banks and insurers are left out of this table: their operating cash is mostly loan and premium flows.
| # | Company | Market value | Operating cash ÷ value | Cash returned |
|---|---|---|---|---|
| 1 | CMCSA Comcast Corp | $91.1B | 36.9% | 13.2% |
| 2 | CHRD Chord Energy Corp | $6.6B | 30.9% | 10.3% |
| 3 | T At&T Inc. | $148.6B | 27.1% | 8.5% |
| 4 | PR Permian Resources Corp | $13.5B | 26.8% | 3.3% |
| 5 | OVV Ovintiv Inc. | $13.7B | 26.7% | 4.5% |
| 6 | DVN Devon Energy Corp/De | $26.2B | 25.7% | 5.2% |
| 7 | PCG PG&E Corp | $37.0B | 23.5% | 0.0% |
| 8 | R Ryder System Inc | $11.0B | 23.5% | 6.1% |
| 9 | KMX Carmax Inc | $7.8B | 22.8% | 8.2% |
| 10 | FISV Fiserv Inc | $26.9B | 22.5% | -0.1% |
| 11 | M Macy's, Inc. | $6.5B | 22.0% | 6.9% |
| 12 | CAG Conagra Brands Inc. | $6.4B | 21.7% | 10.6% |
| 13 | EXE EXPAND ENERGY Corp | $21.9B | 20.9% | 3.9% |
| 14 | THC Tenet Healthcare Corp | $17.0B | 20.8% | 8.2% |
| 15 | VZ Verizon Communications Inc | $179.1B | 20.7% | 6.4% |
| 16 | EIX Edison International | $28.7B | 20.2% | 4.5% |
| 17 | ALK Alaska Air Group, Inc. | $6.3B | 20.0% | 8.7% |
| 18 | OMC Omnicom Group Inc. | $14.9B | 19.7% | 8.4% |
| 19 | ABG Asbury Automotive Group Inc | $3.9B | 19.7% | 0.3% |
| 20 | LYFT Lyft, Inc. | $6.1B | 19.1% | 8.0% |
Income yield + Edgarette’s 80% revenue range, valuation change taken as zero; next 12 months. Only steady-revenue companies with 4+ audited years, a range no wider than ±25% and cash already returned.
| # | Company | Market value | Midpoint | 80% range | Cash returned |
|---|---|---|---|---|---|
| 1 | HIMS Hims & Hers Health, Inc. | $9.0B | +60.2% | +40.5% to +79.9% | 0.9% |
| 2 | MELI Mercadolibre Inc | $86.1B | +34.8% | +24.3% to +45.4% | 0.0% |
| 3 | HALO Halozyme Therapeutics, Inc. | $9.7B | +34.5% | +17.9% to +51.1% | 3.5% |
| 4 | ANET Arista Networks, Inc. | $216.7B | +26.7% | +10.6% to +42.8% | 0.7% |
| 5 | WELL Welltower Inc. | $154.2B | +26.6% | +14.6% to +38.7% | 1.2% |
| 6 | DOCS Doximity, Inc. | $4.1B | +25.5% | −0.1% to +51.1% | 10.5% |
| 7 | GEN Gen Digital Inc. | $15.4B | +25.1% | +11.1% to +39.0% | 6.1% |
| 8 | GPI Group 1 Automotive Inc | $3.7B | +24.7% | +16.6% to +32.8% | 15.6% |
| 9 | IT Gartner Inc new | $9.8B | +23.2% | +13.2% to +33.2% | 20.3% |
| 10 | CVLT Commvault Systems Inc | $6.3B | +21.9% | +9.2% to +34.6% | 7.0% |
| 11 | VRT Vertiv Holdings Co | $130.8B | +21.0% | +11.3% to +30.6% | 0.0% |
| 12 | DT Dynatrace, Inc. | $13.3B | +20.9% | +10.1% to +31.6% | 3.5% |
| 13 | NBIX Neurocrine Biosciences Inc | $17.3B | +20.8% | +9.9% to +31.6% | 0.2% |
| 14 | FCN Fti Consulting, Inc | $4.9B | +20.7% | +10.5% to +30.8% | 17.5% |
| 15 | ADBE Adobe Inc. | $87.5B | +20.1% | +13.2% to +27.0% | 12.9% |
| 16 | OPCH Option Care Health, Inc. new | $3.4B | +19.8% | +10.0% to +29.5% | 9.0% |
| 17 | NOW ServiceNow, Inc. | $103.9B | +19.7% | +12.1% to +27.4% | 1.8% |
| 18 | NXT Nextpower Inc. | $18.2B | +19.5% | +8.2% to +30.8% | 0.0% |
| 19 | HEI Heico Corp | $38.7B | +19.5% | +6.1% to +32.9% | 0.0% |
| 20 | MORN Morningstar, Inc. new | $6.6B | +19.4% | +10.4% to +28.4% | 13.1% |
Market value = the quarter-end price filed in a pension’s 13F (30 June 2026, the filing) × diluted shares; company figures from fiscal 2025 annual reports. Ranked by published measures, not a list of recommendations. Display only, not investment advice. JSON
| How long the cash stays | What it adds (plus everything above) | Places, highest first |
|---|---|---|
| 1 month | Money-market funds redeem any business day; price held at $1.00 | VUSXX 3.73% · VMFXX 3.68% · TTTXX 3.65% · FRGXX 3.65% · GOFXX 3.64% · JTSXX 3.60% · SWVXX 3.59% · SNVXX 3.46% · FDRXX 3.45% · SPRXX 3.42% · FZFXX 3.41% · SPAXX 3.38% |
| Treasury-bill funds, 60 days or less the bills mature within a month or two | SGOV 3.64% · BIL 3.58% | |
| 3 months | Treasury-bill funds, 61–100 days the bills mature inside the quarter | TBIL 3.62% · SHV 3.47% |
| Treasury floating-rate funds the rate resets weekly, so the price barely moves | TFLO 3.91% · USFR 3.74% | |
| 6 months | Treasury-bill funds, 101–190 days the bills mature inside six months | GBIL 3.42% |
| Company floating-rate and ultra-short funds more yield, from company and asset-backed bonds: credit risk | FLRN 4.70% · MINT 4.61% · FLOT 4.41% · GSY 3.93% · PULS 3.87% · ICSH 3.54% · JPST 2.92% | |
| 12 months | 1–3 year Treasury funds, and short funds that had a losing month the price moves with interest rates; the record shows the losing months | VUSB 4.13% · NEAR 1.65% · SCHO 1.45% · VGSH −0.47% · SHY −0.77% |
Money-market figures are 7-day yields; fund figures are the last 3 months, annualized. Rule: 1 month: money-market funds that held every SEC rule in every month on record, and Treasury-bill funds averaging 60 days or less to maturity. 3 months: adds bill funds averaging 100 days or less, and Treasury floating-rate funds (the rate resets weekly). 6 months: adds bill funds averaging up to 190 days, and company floating-rate and ultra-short funds; these hold company and asset-backed bonds, so they carry credit risk. 12 months: adds 1–3 year Treasury funds, whose price moves with interest rates, and short funds that had a losing month. At 1 to 6 months a fund must also have had no losing month in the last 12. Matched by a published rule from filings, not advice. JSON
Funds where cash can sit for weeks or months, from each fund’s own N-PORT holdings report. Return = the fund’s reported total return for each of its last three months; annualized = those three compounded. Worst month = the lowest of the three. None of these funds borrows.
| Fund | Net assets | Last 3 months | Annualized | Worst month | Treasuries | Asset-backed | Days to maturity | Kept its word: months without a loss |
|---|---|---|---|---|---|---|---|---|
| Treasury bills | ||||||||
| SGOV iShares 0-3 Month Treasury Bond holdings to 2026-05-31 | $91.9B | Mar 0.30% · Apr 0.30% · May 0.30% | 3.64% | 0.30% | 99% | 0% | 38 days | 12 of 12 |
| TBIL F/m US Treasury 3 Month Bill holdings to 2026-05-31 | $7.1B | Mar 0.30% · Apr 0.29% · May 0.30% | 3.62% | 0.29% | 100% | 0% | 88 days | 12 of 12 |
| BIL SPDR Bloomberg 1-3 Month T-Bill holdings to 2026-06-30 | $47.1B | Apr 0.29% · May 0.30% · Jun 0.29% | 3.58% | 0.29% | 95% | 0% | 55 days | 12 of 12 |
| SHV iShares 0-1 Year Treasury Bond holdings to 2026-05-31 | $20.7B | Mar 0.27% · Apr 0.29% · May 0.29% | 3.47% | 0.27% | 96% | 0% | 99 days | 12 of 12 |
| GBIL Goldman Sachs Access Treasury 0-1 Year holdings to 2026-05-31 | $7.6B | Mar 0.25% · Apr 0.30% · May 0.28% | 3.42% | 0.25% | 100% | 0% | 134 days | 12 of 12 |
| Treasury floating-rate notes | ||||||||
| TFLO iShares Treasury Floating Rate Bond holdings to 2026-07-31 | $6.7B | May 0.29% · Jun 0.34% · Jul 0.33% | 3.91% | 0.29% | 99% | 0% | — | 12 of 12 |
| USFR WisdomTree Floating Rate Treasury holdings to 2026-05-31 | $17.0B | Mar 0.30% · Apr 0.33% · May 0.29% | 3.74% | 0.29% | 100% | 0% | — | 12 of 12 |
| Treasuries, 1–3 years | ||||||||
| SCHO Schwab Short-Term U.S. Treasury holdings to 2026-06-30 | $13.0B | Apr 0.19% · May 0.15% · Jun 0.02% | 1.45% | 0.02% | 100% | 0% | — | 10 of 12 |
| VGSH Vanguard Short-Term Treasury holdings to 2026-05-31 | $33.9B | Mar −0.43% · Apr 0.16% · May 0.15% | −0.47% | −0.43% | 100% | 0% | — | 10 of 12 |
| SHY iShares 1-3 Year Treasury Bond holdings to 2026-05-31 | $25.4B | Mar −0.47% · Apr 0.19% · May 0.09% | −0.77% | −0.47% | 98% | 0% | — | 10 of 12 |
| Company floating-rate notes | ||||||||
| FLRN SPDR Bloomberg Investment Grade Floating Rate holdings to 2026-06-30 | $3.0B | Apr 0.41% · May 0.39% · Jun 0.35% | 4.70% | 0.35% | 0% | 0% | — | 12 of 12 |
| FLOT iShares Floating Rate Bond holdings to 2026-07-31 | $10.3B | May 0.37% · Jun 0.37% · Jul 0.34% | 4.41% | 0.34% | 0% | 0% | — | 12 of 12 |
| Ultra-short, mixed bonds | ||||||||
| MINT PIMCO Enhanced Short Maturity Active holdings to 2026-06-30 | $16.4B | Apr 0.40% · May 0.38% · Jun 0.35% | 4.61% | 0.35% | 20% | 27% | — | 12 of 12 |
| VUSB Vanguard Ultra-Short Bond holdings to 2026-06-30 | $8.9B | Apr 0.40% · May 0.37% · Jun 0.24% | 4.13% | 0.24% | 5% | 27% | — | 11 of 12 |
| GSY Invesco Ultra Short Duration holdings to 2026-07-31 | $3.9B | May 0.34% · Jun 0.31% · Jul 0.32% | 3.93% | 0.31% | 4% | 15% | — | 12 of 12 |
| PULS PGIM Ultra Short Bond holdings to 2026-05-29 | $16.3B | Mar 0.15% · Apr 0.42% · May 0.38% | 3.87% | 0.15% | 0% | 33% | — | 12 of 12 |
| ICSH iShares Ultra Short Duration Bond Active holdings to 2026-07-31 | $8.1B | May 0.31% · Jun 0.26% · Jul 0.30% | 3.54% | 0.26% | 2% | 10% | — | 12 of 12 |
| JPST JPMorgan Ultra-Short Income holdings to 2026-05-31 | $38.4B | Mar 0.05% · Apr 0.36% · May 0.31% | 2.92% | 0.05% | 5% | 10% | — | 12 of 12 |
| NEAR iShares Short Duration Bond Active holdings to 2026-07-31 | $4.9B | May 0.21% · Jun 0.10% · Jul 0.10% | 1.65% | 0.10% | 31% | 31% | — | 11 of 12 |
Days to maturity shown for bill funds only: a floating-rate note resets every week or quarter, so its final date overstates how long money is tied up. N-PORT reports go public three months after the quarter they cover. Money back: every fund here trades on the exchange any market day, and the cash settles the next business day (T+1).
Form N-MFP3, filed every month with a figure for each business day. Money back: redeem with the fund any business day. The SEC rules each must hold every day: at least 25% in cash within a day, 50% within a week, price per share $0.9950–$1.0050. Kept its word →
| Money-market fund | Net assets | 7-day yield, month avg | Lowest cash within a day | Lowest cash within a week | Price per share | Avg days to maturity | Months every rule held |
|---|---|---|---|---|---|---|---|
| SPAXX Fidelity Government Money Market Fund Government · month of 2026-09 | $465.9B | 3.38% | 57% | 73% | $0.9996–0.9999 | 38 days | 25 of 25 |
| SWVXX Schwab Prime Advantage Money Fund Prime · month of 2026-09 | $391.5B | 3.59% | 36% | 55% | $0.9997–1.0000 | 32 days | 25 of 25 |
| VMFXX Vanguard Federal Money Market Fund Government · month of 2026-09 | $376.8B | 3.68% | 50% | 65% | $0.9999–1.0000 | 22 days | 25 of 25 |
| JTSXX JPMorgan 100% U.S. Treasury Securities Money Market Fund Government · month of 2026-09 | $340.2B | 3.60% | 100% | 100% | $0.9997–1.0002 | 46 days | 25 of 25 |
| FRGXX Fidelity Investments Money Market Government Portfolio Government · month of 2026-09 | $249.8B | 3.65% | 54% | 71% | $0.9997–1.0000 | 32 days | 25 of 25 |
| FDRXX Fidelity Government Cash Reserves Government · month of 2026-09 | $248.0B | 3.45% | 56% | 72% | $0.9998–1.0001 | 35 days | 25 of 25 |
| TTTXX TREASURY TRUST FUND Government · month of 2026-09 | $183.7B | 3.65% | 100% | 100% | $0.9997–1.0003 | 54 days | 25 of 25 |
| GOFXX FEDERATED HERMES GOVERNMENT OBLIGATIONS FUND Government · month of 2026-09 | $177.2B | 3.64% | 62% | 75% | $0.9993–0.9996 | 36 days | 25 of 25 |
| SPRXX Fidelity Money Market Fund Prime · month of 2026-09 | $132.9B | 3.42% | 63% | 78% | $0.9999–1.0000 | 14 days | 25 of 25 |
| VUSXX Vanguard Treasury Money Market Fund Government · month of 2026-09 | $114.2B | 3.73% | 100% | 100% | $0.9999–1.0000 | 28 days | 25 of 25 |
| SNVXX Schwab Government Money Fund Government · month of 2026-09 | $87.5B | 3.46% | 40% | 68% | $0.9996–0.9998 | 34 days | 25 of 25 |
| FZFXX Fidelity Treasury Money Market Fund Government · month of 2026-09 | $47.8B | 3.41% | 89% | 98% | $0.9998–1.0001 | 33 days | 25 of 25 |
Each pays its common dividend monthly, in its own words: its 10-K or its dividend announcements filed with the SEC. Yield = the current monthly rate × 12 ÷ the last end-of-day price, refreshed every evening (last fiscal year’s audited dividend where recent payments are missing). Coverage: operating cash for property REITs, net investment income for business lenders, comprehensive income for mortgage REITs; royalty trusts pay out what the royalties bring in. Ordered by warning signs, then yield.
| Company | Boat · warning signs | Yield | Price, end of day | Coverage | Liabilities ÷ capital | Book value / share, 3 yrs | Kept its word: years the dividend held |
|---|---|---|---|---|---|---|---|
| EPR EPR Properties Property REIT | New ship no warning signs | 6.8% | $54.74 2026-10-09 | 1.45× operating cash | 1.4× | n/a | 5 of 5 |
| O Realty Income Property REIT | New ship no warning signs | 6.0% | $54.18 2026-10-09 | 1.37× operating cash | 0.8× | n/a | 5 of 5 |
| UDR UDR Property REIT | New ship no warning signs | 5.1% | $34.12 2026-10-09 | 1.59× operating cash | 2.2× | n/a | 5 of 5 |
| ADC Agree Realty Property REIT | New ship no warning signs | 4.9% | $65.95 2026-10-09 | 1.48× operating cash | 0.6× | n/a | 5 of 5 |
| PECO Phillips Edison & Company Property REIT | New ship no warning signs | 3.4% | $37.57 2026-10-09 | 2.21× operating cash | 1.3× | n/a | 5 of 5 |
| PSEC Prospect Capital Business lender (BDC) | Sound ship book value down 10%+ | 24.4% | $1.72 2026-10-09 | 1.31× net investment income | 1.2× | −34.5% | 5 of 5 |
| PFLT PennantPark Floating Rate Capital Business lender (BDC) | Sound ship payout not covered | 14.9% | $6.68 2026-10-09 | 0.96× net investment income | 1.7× | −4.7% | 5 of 5 |
| SCM Stellus Capital Investment Business lender (BDC) | Sound ship payout not covered | 13.9% | $7.16 2026-10-09 | 0.81× net investment income | 1.8× | −8.6% | 5 of 5 |
| TRIN Trinity Capital Business lender (BDC) | Sound ship dividend fell (2023) | 11.9% | $17.10 2026-10-09 | — net investment income | 1.3× | −0.8% | 4 of 5 fell 2023 |
| MSIF MSC Income Fund Business lender (BDC) | Sound ship payout not covered | 11.2% | $11.75 2026-10-09 | 0.97× net investment income | 0.9× | 4.1% | 5 of 5 |
| PVL Permianville Royalty Trust Royalty trust | Sound ship distributions fell (2023, 2024) | 10.7% | $1.79 2026-10-09 | — royalty trust: pays out what the royalties bring in | — | n/a | 3 of 5 fell 2023, 2024 |
| GLAD Gladstone Capital Business lender (BDC) | Sound ship payout not covered | 9.6% | $18.81 2026-10-09 | 0.81× net investment income | 0.9× | 17.5% | 5 of 5 |
| SBR Sabine Royalty Trust Royalty trust | Sound ship distributions fell (2023, 2024, 2025) | 7.1% | $72.36 2026-10-09 | — royalty trust: pays out what the royalties bring in | — | n/a | 2 of 5 fell 2023, 2024, 2025 |
| DOC Healthpeak Properties Property REIT | Sound ship dividend fell (2021) | 6.5% | $18.80 2026-10-09 | 1.47× operating cash | 1.7× | n/a | 4 of 5 fell 2021 |
| CRT Cross Timbers Royalty Trust Royalty trust | Sound ship distributions fell (2024, 2025) | 6.4% | $11.94 2026-10-09 | — royalty trust: pays out what the royalties bring in | — | n/a | 3 of 5 fell 2024, 2025 |
| APLE Apple Hospitality REIT Property REIT | Sound ship dividend fell (2021, 2025) | 5.9% | $16.31 2026-10-09 | 1.54× operating cash | 0.6× | n/a | 3 of 5 fell 2021, 2025 |
| LAND Gladstone Land Property REIT | Sound ship payout not covered | 5.9% | $9.48 2026-10-09 | 0.34× operating cash | 0.8× | n/a | 5 of 5 |
| MAIN Main Street Capital Business lender (BDC) | Sound ship payout not covered | 5.9% | $53.74 2026-10-09 | 0.97× net investment income | 0.9× | 19.2% | 5 of 5 |
| PBT Permian Basin Royalty Trust Royalty trust | Sound ship distributions fell (2023, 2024, 2025) | 0.7% | $34.86 2026-10-09 | — royalty trust: pays out what the royalties bring in | — | n/a | 2 of 5 fell 2023, 2024, 2025 |
| SAR Saratoga Investment Business lender (BDC) | Weathered boat payout not covered book value down 10%+ | 20.0% | $15.03 2026-10-09 | 0.70× net investment income | 1.9× | −16.3% | 5 of 5 |
| DX Dynex Capital Mortgage REIT | Weathered boat borrows over 3× capital dividend fell (2021) | 18.8% | $10.86 2026-10-09 | 1.44× comprehensive income | 6.0× | — | 4 of 5 fell 2021 |
| GOOD Gladstone Commercial Property REIT | Weathered boat borrows over 3× capital dividend fell (2023) | 9.5% | $12.68 2026-10-09 | 1.29× operating cash | 6.3× | n/a | 4 of 5 fell 2023 |
| GAIN Gladstone Investment Business lender (BDC) | Weathered boat payout not covered dividend fell (2025, 2026) | 6.3% | $15.25 2026-10-09 | −0.07× net investment income | 1.0× | 28.2% | 3 of 5 fell 2025, 2026 |
| GROW U.S. Global Investors Company | Weathered boat payout not covered warning filing | 3.3% | $2.93 2026-10-09 | 0.65× operating cash | 0.1× | n/a | 5 of 5 |
| PNNT PennantPark Investment Business lender (BDC) | Old boat payout not covered book value down 10%+ dividend fell (2021) | 30.2% | $3.18 2026-10-09 | 0.68× net investment income | 1.9× | −20.8% | 4 of 5 fell 2021 |
| AGNC AGNC Investment Mortgage REIT | Old boat borrows over 3× capital book value down 10%+ dividend fell (2021) | 16.6% | $8.67 2026-10-09 | 1.21× comprehensive income | 8.3× | −18.3% | 4 of 5 fell 2021 |
| ORC Orchid Island Capital Mortgage REIT | Rotting at the dock payout not covered borrows over 3× capital book value down 10%+ dividend fell (2022, 2023, 2024) | 23.6% | $5.08 2026-10-09 | 0.89× comprehensive income | 7.5× | −36.8% | 2 of 5 fell 2022, 2023, 2024 |
| HRZN Horizon Technology Finance Business lender (BDC) | Rotting at the dock payout not covered book value down 10%+ dividend fell (2025) warning filing | 23.5% | $4.59 2026-10-09 | 0.86× net investment income | 1.6× | −39.1% | 4 of 5 fell 2025 |
| EFC Ellington Financial Mortgage REIT | Rotting at the dock payout not covered borrows over 3× capital book value down 10%+ dividend fell (2024) | 13.4% | $11.66 2026-10-09 | 0.65× comprehensive income | 9.6× | −13.5% | 4 of 5 fell 2024 |
Leverage is how most of these pay more: mortgage REITs borrow 6–10× their capital, and the book-value column shows what a payout above earnings has cost. Property REITs carry buildings at depreciated cost, so book value is not a fair test for them (n/a). Signs: Payout not covered (coverage under 1.0×) · liabilities over 3× capital · book value per share down more than 10% in 3 years (lenders) · dividend per share (or a trust’s distributions) fell in any of the last 5 years · a warning filing in the last 12 months (8-K items 1.03, 1.05, 2.04, 2.05, 2.06, 4.01, 4.02, or a late-filing notice), the same list the boards use everywhere. Left out: Whitestone REIT (WSR): an 8-K in the last 12 months reports a change in control and delisting; Closed-end funds, non-traded REITs and private credit funds: no exchange-listed common stock with a 10-K; Payers whose monthly common dividend is not stated in their own 10-K or 8-K announcements. Display only, not investment advice. JSON
Short answers: cash for 1, 3, 6 or 12 months, the highest-yield money-market funds, the soundest monthly payers, insurers’ portfolios, reinsurers →
Do these calls hold up? They are locked and scored in the open: Board test →
🔖 Exposure: revenue $39.1B (FY2026), total debt $4.1B. Experience: revenue up 77.8% on the year, up 65.6% a year over 4 years; operating margin 7.1%, up from 5.7%. Soundness: equity 48.4% of assets, return on equity 15.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $55.0B and $80.6B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $46.4B to $94.0B. A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, its industry group): operating margin 7.1% against a 3.1% median; growth 77.8% against 6.6%.
Learn more →🔖 Exposure: revenue $37.3B (FY2025), total debt $32.6B. Experience: revenue down 5.1% on the year, up 32.3% a year over 4 years; operating margin 2.0%, up from -25.5%. Soundness: equity 35.9% of assets, return on equity 2.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $21.4B and $57.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $13.9B to $85.2B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, cable & other pay television services): operating margin 2.0% against a 5.8% median; growth -5.1% against -0.0%.
Learn more →🔖 Exposure: revenue $29.2B (FY2024), total debt $14.5B. Experience: revenue down 1.5% on the year; operating margin -18.0%, down from -1.5%. Soundness: equity 35.3% of assets, return on equity -37.9%, the dividend per share fell in the latest year on record. Credibility: 2 audited years, moderate weight. Range: 80% of past cases like this landed between $22.7B and $32.6B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, television broadcasting stations): operating margin -18.0% against a 10.6% median; growth -1.5% against -5.3%.
Learn more →🔖 Exposure: revenue $27.9B (FY2026), total debt $3.8B. Experience: revenue up 8.1% on the year, up 3.2% a year over 4 years; operating margin 4.9%, up from 4.5%. Soundness: equity 23.3% of assets, return on equity 17.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $25.1B and $31.1B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $22.9B to $33.9B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, printed circuit boards): operating margin 4.9% against a 4.6% median; growth 8.1% against 6.3%.
Learn more →🔖 Exposure: revenue $27.6B (FY2026), total debt $3.2B. Experience: revenue up 24.5% on the year, up 3.3% a year over 4 years; operating margin 2.6%, up from 2.3%. Soundness: equity 32.6% of assets, return on equity 6.7%, payout 34.2% of profit, dividend per share up 13 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $25.4B and $35.6B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $21.8B to $40.8B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin 2.6% against a 4.9% median; growth 24.5% against 10.0%.
Learn more →Nine boards reading every SEC filing the day it lands, ten editorial desks publishing daily, an open endpoint other AIs can query, and a 70,000-product house behind all of it. This is the public record end of it.