Dividend-News

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The Retirees' Dividend Portfolio - John And Jane's May Taxable Account Update: Monthly Income Record

Published Wed, 12 Jun 2019 07:00:00 -0400 on Seeking Alpha

One of the most humbling things I have learned to do in my short 30 years of life is to openly admit when I make a mistake. My reason for doing this is that I believe the fastest way to build trust is by telling the truth even when the outcome doesn't necessarily have a major impact on the person/audience I am speaking to. The obligation to point out my own mistakes is elevated by the fact that my articles are read by investors whose knowledge level varies from amateur to expert.
So what is the mistake I made exactly? It was a simple as selling out of the Buckeye Partners (BPL) position before the dividend ex-date which impacted my clients' May income stream. Some might scoff at this but I believe it is important to call this mistake out because that is the only way to make sure that a "silly" mistake doesn't turn into a big one.
The good news is that John and Jane have their highest-earning month of income since I began helping them with their finances. It also looks like there won't be any higher buyout offers which meant that selling when I did made it possible for John and Jane to capitalize on selling at the share price of $41.80/share which is a premium of $1.16/share over its current price of $40.64/share. With a holding of 225 shares, it reduced the realized loss by $261 (The position was sold at a loss of -$837.63).
The bad news is that if I had given more than two seconds of thought before trading BPL the total monthly income would have risen from $1,657.60 to... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NEW RESIDENTIAL INVESTMENT 14.48   17.4 0.83 2.00 14.14
MACQUARIE INFRASTRUCTURE 38.15   32.9 1.16 4.00 10.57
TANGER FACTORY OUTLET CENTERS 14.55   18.9 0.77 1.42 9.94
ARBOR REALTY TRUST 12.48   8.9 1.40 1.16 9.25
WESTLAKE CHEMICAL PARTNERS LP 21.56   13.5 1.60 1.83 8.53
TRANSMONTAIGNE PARTNERS 40.99   24.2 1.69 0.00 7.86
IRON MOUNTAIN 31.65   26.4 1.20 2.44 7.79
BUCKEYE PARTNERS LP 41.10   0.0 -0.63 3.00 7.30
HELMERICH & PAYNE 39.04   0.0 -0.68 2.84 7.29
ALTRIA GROUP 46.41   13.8 3.36 3.20 6.92
BP 36.21   13.7 2.64 2.44 6.64
ENTERPRISE PRODUCTS 28.16   12.2 2.31 1.76 6.01
EPR PROPERTIES 76.08   22.5 3.38 4.50 5.96
SCHLUMBERGER 33.71   22.5 1.50 2.00 5.90
AT&T 34.82   14.6 2.38 2.04 5.80
SIMON PROPERTY GROUP 148.70   19.9 7.48 8.40 5.69
EXXON MOBIL 67.49   16.3 4.15 3.48 4.99
RYDER SYSTEM 48.73   8.1 6.03 2.24 4.70
WP CAREY & CO 88.66   31.3 2.83 4.14 4.68
LTC PROPERTIES 49.54   18.6 2.67 2.28 4.65
CARDINAL HEALTH 42.79   9.5 4.51 1.92 4.42
WASHINGTON TRUST BANCORP 45.62   11.5 3.98 2.04 4.33
SOUTHERN COMPANY 58.45   13.7 4.28 2.48 4.30
VERIZON COMM 56.78   14.8 3.83 2.41 4.28
LEGGETT PLATT 39.08   18.2 2.15 1.60 4.15
REALTY INCOME 73.07   55.8 1.31 2.72 3.75
ARCHER-DANIELS-MIDLAND 37.43   16.1 2.33 1.40 3.71
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.64
GENERAL MILLS 54.68   18.9 2.90 1.96 3.61
MESABI TRUST 22.83   6.8 3.37 0.84 3.57
CUMMINS 142.02   8.7 16.38 5.24 3.55
EMERSON ELECTRIC 57.00   16.2 3.52 1.96 3.35
CLOROX 155.93   24.6 6.34 4.24 2.68
JOHNSON CONTROLS 42.13   6.4 6.57 1.04 2.45
JOHNSON CONTROLS INTERNATIONAL 42.13   6.4 6.57 1.04 2.45
TEXAS INSTRUMENTS 120.29   22.0 5.47 3.08 2.44
UNITED TECHNOLOGIES 127.96   20.9 6.13 2.94 2.32
PARKER HANNIFIN 164.45   14.4 11.46 3.52 2.15
DOVER 88.10   21.6 4.08 1.96 2.09
HORMEL FOODS 42.95   23.5 1.83 0.84 2.05
AIR PRODUCTS & CHEMICALS 220.64   28.6 7.72 4.64 2.03
APPLE 202.64   17.3 11.73 3.08 1.45