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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 14.98   18.0 0.83 2.00 13.28
MACQUARIE INFRASTRUCTURE 39.63   34.2 1.16 4.00 10.04
ARBOR REALTY TRUST 12.77   9.1 1.40 1.16 9.21
WESTLAKE CHEMICAL PARTNERS LP 21.72   13.6 1.60 1.83 8.44
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
TRANSMONTAIGNE PARTNERS 40.99   24.2 1.69 0.00 7.86
BUCKEYE PARTNERS LP 41.22   0.0 -0.63 3.00 7.29
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
BP 37.67   14.3 2.64 2.44 6.45
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
AT&T 38.38   16.1 2.38 2.04 5.43
SCHLUMBERGER 36.90   24.6 1.50 2.00 5.34
SIMON PROPERTY GROUP 155.27   20.8 7.48 8.40 5.21
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
WASHINGTON TRUST BANCORP 50.06   12.6 3.98 2.04 4.22
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
RYDER SYSTEM 53.25   8.8 6.03 2.24 4.15
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
MESABI TRUST 24.73   7.3 3.37 0.84 3.57
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
CUMMINS 165.05   10.1 16.38 5.24 3.20
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
CLOROX 160.20   25.3 6.34 4.24 2.68
JOHNSON CONTROLS 44.30   6.7 6.57 1.04 2.42
JOHNSON CONTROLS INTERNATIONAL 44.30   6.7 6.57 1.04 2.42
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
AIR PRODUCTS & CHEMICALS 220.67   28.6 7.72 4.64 2.17
DOVER 99.67   24.4 4.08 1.96 2.02
PARKER HANNIFIN 181.60   15.8 11.46 3.52 1.94
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
APPLE 223.08   19.0 11.73 3.08 1.42

NEW RESIDENTIAL INVESTMENT - NRZ
NEW RESIDENTIAL INVESTMENT - NRZ  


Older articles featuring New Residential Investment (NRZ):
Dividend Cuts And Overdue Rent: REIT Earnings Recap
REITs Rally Despite Mounting Dividend Cuts
5%+ Dividend Yield Portfolio: Bracing For The Retest (April 2020 Review)
Helicopter Fed: Attractive mREITs, Bond CEFs, Huge Yields, Discounted Prices
The Retirees' Dividend Portfolio: John And Jane's March Taxable Account Update
5%+ Dividend Yield Portfolio: Buying When Things Go On Sale (Mar 2020 Review)
Opportunities In The Remaining High-Yield 2x Leveraged ETNs
99 Dividend Dog 10%+Yields At $5-$15 Prices For March
Annaly Capital's BV, Dividend, And Valuation Versus 20 mREIT Peers (Post Q4 2019 Earnings - Attractive Valuation)
50 Top U.S. REITs By Gains And Yield By March Broker Targets

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