Dividend-News

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The Retirees' Dividend Portfolio - John And Jane's April Taxable Account Update: Tariff Wars Create Some Interesting Discounts

Published Wed, 08 May 2019 14:46:05 -0400 on Seeking Alpha

April was an overall strong month for the dividend growth portfolio in terms of both dividends generated and capital appreciation. A few words tweeted about the slow progress on China trade talks reversed the capital appreciation and has created a number of discounts that are starting to look interesting. Prior to Trump's comments, the market looked overvalued and we were taking gains off the table and reducing the size and/or cost basis of some of our positions.
As I've mentioned before in the past, we rarely sell shares from the Taxable account and we are mainly looking to add to positions when it seems appropriate. The following stocks are currently held in the Taxable account but have reached (or are close to) a price point that seems extremely attractive:
Archer Daniels Midland (ADM) Hormel Foods (HRL) Iron Mountain (IRM) Leggett & Platt (LEG) Schlumberger (SLB) Data by YCharts
For the record, we recently increased the size of ADM's position from 75 shares to 150 shares in Jane's Traditional IRA. Although the share price is up over the last three months it still looks like a potentially attractive position to add to if it drops below $42/share.
Hormel Foods is probably the most attractive stock on this list because it has been trading above its 10-year P/E ratio average of 21.6x for the last six months and recently dropped to a P/E ratio of 21.0x. HRL has increased dividend payments for over 52 consecutive years and maintains a payout ratio of approximately... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NEW RESIDENTIAL INVESTMENT 16.59   11.7 1.42 2.00 12.10
MESABI TRUST 29.42   0.0 0.00 3.56 11.68
MACQUARIE INFRASTRUCTURE 40.44   27.3 1.48 4.00 9.71
ARBOR REALTY TRUST 12.92   9.6 1.34 1.12 8.08
WESTLAKE CHEMICAL PARTNERS LP 22.21   13.8 1.61 1.78 7.99
TANGER FACTORY OUTLET CENTERS 17.77   20.7 0.86 1.42 7.84
IRON MOUNTAIN 31.62   26.1 1.21 2.44 7.73
BUCKEYE PARTNERS LP 40.87   0.0 -0.62 3.00 7.32
AT&T 32.14   12.0 2.68 2.04 6.29
ALTRIA GROUP 52.81   16.1 3.28 3.20 6.17
EPR PROPERTIES 78.82   21.1 3.74 4.50 5.82
BP 41.34   14.1 2.94 2.44 5.71
HELMERICH & PAYNE 54.11   82.0 0.66 2.84 5.16
WP CAREY & CO 82.93   26.3 3.15 4.13 5.09
SCHLUMBERGER 37.49   25.7 1.46 2.00 5.06
LTC PROPERTIES 45.78   11.8 3.89 2.28 5.04
SIMON PROPERTY GROUP 171.48   22.4 7.65 8.20 4.75
SOUTHERN COMPANY 54.34   16.6 3.27 2.48 4.60
EXXON MOBIL 73.79   17.0 4.34 3.48 4.56
LEGGETT PLATT 37.55   17.6 2.14 1.60 4.08
CARDINAL HEALTH 45.91   459.1 0.10 1.92 4.06
VERIZON COMM 58.87   15.2 3.88 2.41 4.05
REALTY INCOME 70.58   52.7 1.34 2.71 3.93
GENERAL MILLS 53.43   21.0 2.55 1.96 3.74
RYDER SYSTEM 54.41   10.1 5.40 2.16 3.72
WASHINGTON TRUST BANCORP 50.93   12.7 4.00 1.88 3.57
OLD REPUBLIC INTERNATIONAL 22.34   8.6 2.59 0.80 3.54
ARCHER-DANIELS-MIDLAND 39.21   13.5 2.91 1.40 3.48
EMERSON ELECTRIC 62.68   17.1 3.67 1.96 3.00
TEXAS INSTRUMENTS 105.83   19.2 5.51 3.08 2.88
CUMMINS 159.25   10.3 15.43 4.56 2.78
JOHNSON CONTROLS 39.21   15.3 2.56 1.04 2.66
JOHNSON CONTROLS INTERNATIONAL 39.21   15.3 2.56 1.04 2.66
CLOROX 150.88   24.6 6.12 4.24 2.59
AIR PRODUCTS & CHEMICALS 204.21   26.6 7.67 4.64 2.24
UNITED TECHNOLOGIES 130.45   20.1 6.49 2.94 2.16
PARKER HANNIFIN 158.62   14.5 10.91 3.52 2.12
HORMEL FOODS 39.13   22.4 1.75 0.84 2.11
DOVER 91.07   25.0 3.64 1.92 2.02
APPLE 178.97   15.0 11.89 3.08 1.69