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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
MESABI TRUST 30.20   0.0 0.00 3.56 17.94
NEW RESIDENTIAL INVESTMENT 16.87   5.9 2.86 2.00 12.03
MACQUARIE INFRASTRUCTURE 40.57   25.8 1.57 4.00 9.83
BUCKEYE PARTNERS LP 33.55   0.0 -0.40 3.00 8.93
ARBOR REALTY TRUST 13.90   9.3 1.50 1.08 7.94
WESTLAKE CHEMICAL PARTNERS LP 22.63   15.0 1.51 1.73 7.64
TANGER FACTORY OUTLET CENTERS 19.06   43.3 0.44 1.42 7.57
IRON MOUNTAIN 35.84   28.2 1.27 2.44 6.90
AT&T 30.79   10.7 2.87 2.04 6.36
EPR PROPERTIES 77.92   23.8 3.27 4.50 5.90
ALTRIA GROUP 54.71   14.9 3.68 3.20 5.86
BP 44.13   15.7 2.81 2.44 5.42
WP CAREY & CO 78.13   23.4 3.34 4.13 5.41
LTC PROPERTIES 44.47   11.4 3.89 2.28 5.27
SIMON PROPERTY GROUP 178.15   22.6 7.87 8.20 4.72
SOUTHERN COMPANY 52.23   23.8 2.19 2.48 4.62
HELMERICH & PAYNE 60.90   0.0 -0.01 2.84 4.40
SCHLUMBERGER 44.24   30.3 1.46 2.00 4.36
CARDINAL HEALTH 46.58   0.0 -0.08 1.91 4.21
VERIZON COMM 57.08   14.7 3.88 2.41 4.13
REALTY INCOME 69.92   55.5 1.26 2.71 3.99
EXXON MOBIL 81.76   16.8 4.88 3.28 3.96
OLD REPUBLIC INTERNATIONAL 21.20   17.2 1.23 0.80 3.83
GENERAL MILLS 50.68   19.9 2.55 1.96 3.79
WASHINGTON TRUST BANCORP 50.94   12.7 4.00 1.88 3.74
LEGGETT PLATT 42.90   19.0 2.26 1.52 3.55
RYDER SYSTEM 67.19   13.0 5.17 2.16 3.29
ARCHER-DANIELS-MIDLAND 42.78   13.4 3.20 1.40 3.28
JOHNSON CONTROLS 37.10   15.1 2.46 1.04 2.84
JOHNSON CONTROLS INTERNATIONAL 37.10   15.1 2.46 1.04 2.84
CUMMINS 166.17   12.6 13.19 4.56 2.75
EMERSON ELECTRIC 72.53   20.2 3.59 1.96 2.69
TEXAS INSTRUMENTS 118.43   21.5 5.51 3.08 2.68
CLOROX 154.22   25.5 6.05 3.84 2.49
AIR PRODUCTS & CHEMICALS 199.42   26.0 7.66 4.64 2.36
UNITED TECHNOLOGIES 139.59   21.5 6.49 2.94 2.15
HORMEL FOODS 39.81   22.8 1.75 0.84 2.08
DOVER 97.26   26.7 3.64 1.92 1.99
APPLE 207.16   17.0 12.16 2.92 1.43