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 15.28   10.8 1.42 2.00 12.94
MESABI TRUST 29.16   8.6 3.37 0.84 12.20
MACQUARIE INFRASTRUCTURE 41.26   27.9 1.48 4.00 9.54
ARBOR REALTY TRUST 12.15   9.1 1.34 1.12 9.07
TANGER FACTORY OUTLET CENTERS 16.39   19.1 0.86 1.42 8.61
IRON MOUNTAIN 30.15   24.9 1.21 2.44 8.04
WESTLAKE CHEMICAL PARTNERS LP 23.85   14.8 1.61 1.78 7.48
BUCKEYE PARTNERS LP 41.31   0.0 -0.62 3.00 7.23
ALTRIA GROUP 49.45   15.1 3.28 3.20 6.46
AT&T 33.26   12.4 2.68 2.04 6.05
BP 39.28   13.4 2.94 2.44 6.00
EPR PROPERTIES 74.99   20.0 3.74 4.50 5.96
HELMERICH & PAYNE 50.04   75.8 0.66 2.84 5.54
SIMON PROPERTY GROUP 160.14   20.9 7.65 8.20 5.04
SCHLUMBERGER 38.63   26.5 1.46 2.00 4.94
WP CAREY & CO 84.82   26.9 3.15 4.14 4.87
LTC PROPERTIES 47.04   12.1 3.89 2.28 4.85
EXXON MOBIL 75.48   17.4 4.34 3.48 4.51
SOUTHERN COMPANY 55.79   17.1 3.27 2.48 4.42
VERIZON COMM 57.22   14.8 3.88 2.41 4.19
LEGGETT PLATT 39.27   18.4 2.14 1.60 4.14
CARDINAL HEALTH 45.07   450.7 0.10 1.92 4.05
WASHINGTON TRUST BANCORP 50.98   12.7 4.00 2.04 3.93
REALTY INCOME 69.92   52.2 1.34 2.72 3.86
RYDER SYSTEM 57.43   10.6 5.40 2.24 3.81
GENERAL MILLS 53.05   18.3 2.90 1.96 3.69
OLD REPUBLIC INTERNATIONAL 22.93   8.8 2.59 0.80 3.48
ARCHER-DANIELS-MIDLAND 40.31   13.8 2.91 1.40 3.35
EMERSON ELECTRIC 64.67   17.6 3.67 1.96 2.98
CUMMINS 169.29   11.0 15.43 5.24 2.66
TEXAS INSTRUMENTS 117.18   21.3 5.51 3.08 2.57
JOHNSON CONTROLS 41.06   16.0 2.56 1.04 2.49
JOHNSON CONTROLS INTERNATIONAL 41.06   16.0 2.56 1.04 2.49
CLOROX 159.58   26.1 6.12 4.24 2.42
UNITED TECHNOLOGIES 130.10   20.0 6.49 2.94 2.21
PARKER HANNIFIN 167.38   15.3 10.91 3.52 2.10
AIR PRODUCTS & CHEMICALS 226.43   29.5 7.67 4.64 2.04
HORMEL FOODS 41.20   22.5 1.83 0.84 2.04
DOVER 95.46   26.2 3.64 1.92 1.93
APPLE 203.35   17.1 11.89 3.08 1.50