Dividend-News

Daily dividend news for investors in dividend stocks


High Yield For Granny: The Savvy 'Widow & Orphans' Income Factory

Published Tue, 20 Mar 2018 09:25:23 -0400 on Seeking Alpha

I recently floated the idea of creating a "widow and orphans" version of the Savvy Senior "Income Factory" that I have been refining, tweaking and reviewing for the past seven years.
As readers know, my core portfolio is a high income (i.e. high current yield), largely credit oriented (as opposed to equity) portfolio that I manage with the goal of providing a 10-11 percent cash yield, which can then be reinvested and compounded to provide a long-term "equity return" through thick and thin, market ups and downs, etc. Such an income stream will double about every seven years, so the strategy is as appropriate for 25-year olds just starting to invest for retirement as it is for more mature folk approaching or having already achieved retirement age.
My focus is on growth of the income stream (i.e. the output of the "income factory") and not necessarily growth of the market value of the portfolio (the factory itself). Therefore downturns shouldn't scare us because our income growth rate actually accelerates during downturns because we are re-investing and compounding at bargain prices and therefore higher yields.
Investors brought up in a CNBC/Bloomberg/Fox News environment where minute-to-minute market moves, "dividend growth" and "total return" are the be-all and end-all may find this strategy radical or even heretical, but the math and logic are irrefutable when you analyze it logically and with an open mind, as... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND 15.37   0.0 0.00 0.00 36.57
ROYCE FOCUS TRUST 6.84   0.0 0.00 1.21 17.76
OXFORD LANE CAPITAL 10.23   0.0 0.00 1.62 15.88
ZWEIG FUND 9.55   0.0 0.00 0.00 15.12
EAGLE POINT CREDIT 16.47   8.2 2.01 0.00 14.85
FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND 10.47   0.0 0.00 0.00 12.34
FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPP FUND 6.24   0.0 0.00 0.00 11.22
CLOUGH GLOBAL OPPORTUNITIES FUND 9.40   0.0 0.00 0.00 10.58
ADVENT CLAYMORE CONV SECURITIES AND INC FUND 14.52   0.0 0.00 0.00 9.69
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 2.97   0.0 0.00 0.00 9.09
EATON VANCE TAX-MAN DIVERSIFIED EQUITY 11.51   0.0 0.00 0.00 8.87
ARES DYNAMIC CREDIT ALLOCATION FUND 14.94   0.0 0.00 0.00 8.62
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 12.42   0.0 0.00 0.00 8.52
BLACKROCK CORPORATE HIGH YIELD FUND VI 10.14   0.0 0.00 0.00 8.52
CALAMOS STRATEGIC TOTAL RETURN FUND 12.26   0.0 0.00 0.99 8.14
NUVEEN REAL ESTATE INCOME FUND 10.17   0.0 0.00 0.00 8.06
COHEN & STEERS INFRA FUND 23.31   0.0 0.00 0.00 8.02
THL CREDIT SENIOR LOAN FUND 15.33   0.0 0.00 0.00 7.91
MASSMUTUAL CORP INV 15.60   0.0 0.00 0.00 7.69
COHEN & STEERS REIT 19.89   0.0 0.00 0.00 7.54
REAVES UTILITY INCOME FUND 31.33   0.0 0.00 0.00 6.51

BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND - BGX
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND - BGX  


Older articles featuring Blackstone/gso Long-short Credit Income Fund (BGX):
This Blackstone/GSO Closed-End Bond Fund Offers A 9+% Yield And Terminates In 2027
High Yield For Granny (Part 2): Savvy 'Widows & Orphans' Portfolio Re-Visited
Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.098 Per Share
Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.098 Per Share
Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.098 Per Share
Blackstone / GSO Long-Short Credit Income Fund Declares Special Distribution of $0.05 Per Share
Blackstone / GSO Long-Short Credit Income Fund Declares Monthly Distributions of $0.108 Per Share
Stocks Going Ex Dividend The Third Week Of October

More