Published Fri, 04 Oct 2019 14:44:09 -0400 on Seeking Alpha
September was full of mixed signals. On one hand, the S&P 500 retested its all-time high (and I had a killer +4.5% month). On the other hand, the wall of worry for this long economic expansion has never seemed more daunting (trade wars, impeachment, earnings recession, etc).
As a pleasant change for those of us in the value/dividend space, September 2019 was the first time (in a long time) that value stocks really soared.
Source: S&P Dow Jones Indices
Personally, I expect defensive position outperformance to continue through this next phase of the market, which is why I have spent the summer pruning my portfolio to be more defensive. The market is always in a tentative position, but I feel that fear is starting to replace greed as the primary motivator of market participants. However, I do not expect total doom and gloom (at least not immediately) - so I am staying 80%+ invested (albeit in more defensive positions).
September 2019 Review
September 2019 was a solid one in the markets (despite swirling political headlines). For the month, the S&P 500 posted a 1.8% result which I crushed with a 4.5% gain. YTD, I am up 10.0% vs the 20.5% gains for the index (before dividends are considered). However, my 5.8% forward dividend yield on invested capital keeps crushing the less than 1.8% yield of the index.
As for cash yield, September 2019 rewarded me with realized dividends of $1,450 (versus $1,097 in 2018 - a meaty 32% increase - and... 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|
|TANGER FACTORY OUTLET CENTERS||16.50||21.4||0.77||1.42||8.35|
|SABRA HEALTHCARE REIT||22.49||204.4||0.11||1.80||8.28|
|BLACKSTONE MORTGAGE TRUST||36.16||14.5||2.49||2.48||6.94|
|PEOPLE'S UNITED FINANCIAL||16.06||12.3||1.31||0.71||4.52|
|ISHARES DOW JONES INTERNATIONAL SELECT DIVIDEND INDEX FUND||31.06||0.0||0.00||0.00||0.00|
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10% Yield; Why I 'Sleep Well At Night' With A 100% High Yield Portfolio
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