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5%+ Dividend Yield Portfolio: Grinding Along In 2019 (July 2019 Review)

Published Sun, 04 Aug 2019 20:38:46 -0400 on Seeking Alpha

Musings
July 2019 was another month that was hard to predict as the market held its breath for the Fed rate decision. At the risk of sounding like a broken record, I again underperformed the S&P 500 (1.4% vs -0.8%), but this was my first month of splitting directions with the market in a negative way. For me, it is still a battle between my quest for bargains (meaning stocks and markets that have had a hard time of it) versus the market that continues to punish the unloved and froth the values of the select few. The chart below summarizes the components of the S&P 500.

Source: S&P Dow Jones Indices
As if that we’re enough, the international returns were (again) bad enough to make me wonder why I am even bothering.

As you have now heard, the Fed decided to enact a midcycle cut of 25 bps. While the logic of this move still beguiles me, this action had been anticipated (or even more) for some time, so there was no a major impact on the market. However, President Trump’s fresh volley in the trade war with China had a more pronounced spooking effect on the market. While the day to day drama of politics continues to dominate the headlines, it is tough to find any real signal in all the noise. I continue to believe that a defense (yet invested) posture is the right one for the time being. Sometimes it's better to just distract yourself instead of doing something crazy...

July 2019 Review
July 2019 was another solid effort for the... 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
TRANSOCEAN 4.54   0.0 -1.98 0.00 13.10
TANGER FACTORY OUTLET CENTERS 14.55   18.9 0.77 1.42 9.94
SABRA HEALTHCARE REIT 21.54   195.8 0.11 1.80 8.31
IRON MOUNTAIN 31.65   26.4 1.20 2.44 7.79
PACWEST BANCORP 33.14   8.6 3.86 2.40 7.21
BLACKSTONE MORTGAGE TRUST 34.77   14.0 2.49 2.48 7.06
OCCIDENTAL PETROLEUM 44.70   8.8 5.05 3.16 6.89
BP 36.21   13.7 2.64 2.44 6.64
ABBVIE 65.97   24.2 2.72 4.28 6.34
SPDR S&P INTERNATIONAL DIVIDEND ETF 38.11   0.0 0.00 0.00 5.90
AT&T 34.82   14.6 2.38 2.04 5.80
LYONDELLBASELL INDUSTRIES 72.14   7.6 9.53 4.20 5.78
KINDER MORGAN 20.20   20.4 0.99 1.00 4.97
PEOPLE'S UNITED FINANCIAL 14.06   10.7 1.31 0.71 4.89
IBM 134.32   13.9 9.68 6.48 4.87
ING GROEP 9.50   7.0 1.36 0.44 4.67
GLAXOSMITHKLINE 40.98   18.4 2.23 1.83 4.54
CANON 25.52   16.7 1.53 1.15 4.47
CARDINAL HEALTH 42.79   9.5 4.51 1.92 4.42
GILEAD SCIENCES 62.51   13.6 4.61 2.52 3.93
MORGAN STANLEY 40.27   8.8 4.59 1.40 3.51
BANK OF AMERICA 26.47   9.4 2.80 0.72 2.23
GOLDMAN SACHS 202.42   8.5 23.84 5.00 1.70
ISHARES DOW JONES INTERNATIONAL SELECT DIVIDEND INDEX FUND 29.33   0.0 0.00 0.00 0.00