Published Mon, 01 Oct 2018 12:10:17 -0400 on Seeking Alpha
Investment Thesis Investing for Immediate income outperforms more conservative established investment within a 35 to 38-year time frame - longer than most find themselves actively investing or retired. I recast my projects and fine-tuned the process due to concerns about the previously included ETF.
A Simple Definition Due to previous confusion, whenever I write concerning immediate income investing, I feel it is necessary to define what I'm speaking of when doing so. I define immediate income investing as: Investing with a taxable account seeking immediate high return via dividends.
Due to this focus, I am not concerned with total return or overly focused on capital appreciation. I am a long-term buy and hold investor who is willing to sell if necessary. I often explain you can milk your cows or slaughter them to unlock value - I'd rather milk them.
Three S&P 500 Representative Stocks - AKA "Safe Dividends"
For the three representative stocks, I used: Coca-Cola (KO), Procter & Gamble (PG), and Emerson Electric (EMR). Together, these three stocks have an average yield of 3.1% and a 3-year average dividend growth rate of 4.11%.
Sure Dividends - Dividend Kings
For this comparison redo, I decided against using a singular ETF like the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) due to its history of cutting the dividend - meaning it itself failed the Aristocrat test. To replace it, I used the Dividend Kings listing from Sure... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|OXFORD LANE CAPITAL||10.00||0.0||0.00||1.62||16.23|
|EAGLE POINT CREDIT||16.97||0.0||-2.29||2.40||14.43|
|USA COMPRESSION PARTNERS LP||16.00||0.0||-0.96||2.10||13.15|
|KNOT OFFSHORE PARTNERS LP||18.82||7.5||2.51||2.08||11.40|
|ALLIANCE RESOURCE PARTNERS L.P.||20.63||7.6||2.73||2.12||10.43|
|CAPITAL PRODUCT PARTNERS||2.30||0.0||-0.09||0.18||7.63|
|FEDERAL REALTY INVESTMENT TRUST||132.68||41.7||3.18||4.08||3.05|
|NORTHWEST NATURAL GAS||64.51||28.8||2.24||1.90||2.96|
|PROCTER & GAMBLE||102.44||24.9||4.11||2.87||2.84|
|ILLINOIS TOOL WORKS||143.18||18.8||7.60||4.00||2.75|
|JOHNSON & JOHNSON||137.60||24.5||5.61||3.60||2.58|
|STANLEY BLACK & DECKER||131.51||31.0||4.24||2.64||1.98|
|AMERICAN STATES WATER||70.92||41.2||1.72||1.10||1.54|
|CALIFORNIA WATER SERVICE GROUP||53.89||42.8||1.26||0.79||1.46|
|TOOTSIE ROLL INDUSTRIES||36.16||31.2||1.16||0.36||0.98|
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