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The Retirees' Dividend Portfolio - John And Jane's March Taxable Account Update - Tax Season

Published Thu, 11 Apr 2019 12:48:33 -0400 on Seeking Alpha

Is it just me, or does everybody love Tax Season?
I can think nothing I love more than searching for useless pieces of paper that help the government interpret how much money I owe. Nonetheless, taxes are a necessary evil and I'll consider it a reasonable price for the privilege of living in such a wonderful country.
Now that I put my two cents in, this is the time of year where John and Jane get to interpret the impact of their income, investments, and any other taxable events for the year. Fortunately for them, I take taxes quite seriously because poor stewardship/planning can result in major taxable events that can really leave an individual with a bad taste in their mouth. For example, when both John and Jane were working, they reached a point where they could no longer contribute to their Roth IRAs because they made more than the contribution limits allowed. At the same time, John and Jane's financial advisor failed to let them know that they could still contribute to their traditional IRAs. In failing to do this, John and Jane missed two full years of potential contributions that could've at least lowered/reduced their taxable liability.
2018 was a year full of changes as we converted John and Jane's Taxable Portfolio from the mutual fund-based portfolio to one that is more focused on dividend stocks, floating rate loans/debt securities, and fixed income investments primarily consisting of certificates of deposit (CDs). The capital gains associated with these mutual... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NEW RESIDENTIAL INVESTMENT 15.55   11.0 1.42 2.00 13.02
MESABI TRUST 29.53   0.0 0.00 3.56 12.06
MACQUARIE INFRASTRUCTURE 40.95   27.7 1.48 4.00 9.78
ARBOR REALTY TRUST 12.30   9.2 1.34 1.12 9.20
TANGER FACTORY OUTLET CENTERS 16.52   19.2 0.86 1.42 8.75
IRON MOUNTAIN 32.08   26.5 1.21 2.44 7.71
BUCKEYE PARTNERS LP 40.73   0.0 -0.62 3.00 7.37
WESTLAKE CHEMICAL PARTNERS LP 24.61   15.3 1.61 1.78 7.30
AT&T 32.35   12.1 2.68 2.04 6.34
ALTRIA GROUP 50.86   15.5 3.28 3.20 6.20
BP 40.91   13.9 2.94 2.44 5.94
EPR PROPERTIES 78.00   20.9 3.74 4.50 5.78
HELMERICH & PAYNE 50.25   76.1 0.66 2.84 5.53
SCHLUMBERGER 36.79   25.2 1.46 2.00 5.45
LTC PROPERTIES 45.71   11.8 3.89 2.28 5.06
SIMON PROPERTY GROUP 163.82   21.4 7.65 8.20 5.04
WP CAREY & CO 85.28   27.1 3.15 4.13 4.86
EXXON MOBIL 74.35   17.1 4.34 3.48 4.70
SOUTHERN COMPANY 55.15   16.9 3.27 2.48 4.55
CARDINAL HEALTH 44.16   441.6 0.10 1.92 4.31
VERIZON COMM 57.62   14.8 3.88 2.41 4.24
LEGGETT PLATT 37.77   17.6 2.14 1.60 4.03
RYDER SYSTEM 56.97   10.6 5.40 2.16 3.89
REALTY INCOME 72.70   54.2 1.34 2.72 3.75
WASHINGTON TRUST BANCORP 50.68   12.7 4.00 1.88 3.75
GENERAL MILLS 52.99   20.8 2.55 1.96 3.74
OLD REPUBLIC INTERNATIONAL 22.72   8.8 2.59 0.80 3.55
ARCHER-DANIELS-MIDLAND 40.79   14.0 2.91 1.40 3.44
EMERSON ELECTRIC 62.77   17.1 3.67 1.96 3.12
CUMMINS 163.86   10.6 15.43 4.56 2.80
TEXAS INSTRUMENTS 107.31   19.5 5.51 3.08 2.79
JOHNSON CONTROLS 40.27   15.7 2.56 1.04 2.68
JOHNSON CONTROLS INTERNATIONAL 40.27   15.7 2.56 1.04 2.68
CLOROX 156.88   25.6 6.12 4.24 2.45
UNITED TECHNOLOGIES 124.81   19.2 6.49 2.94 2.39
AIR PRODUCTS & CHEMICALS 219.25   28.6 7.67 4.64 2.11
HORMEL FOODS 41.75   22.8 1.83 0.84 2.01
DOVER 96.07   26.4 3.64 1.92 1.99
APPLE 192.74   16.2 11.89 3.08 1.59