Published Mon, 27 Apr 2020 11:59:00 -0400 on Seeking Alpha
The economic data is now a "house of horrors."
Earnings expectations are falling week by week, and a steady drumbeat of dividend cuts continues.
Yet quality companies, with strong balance sheets, well-covered dividends, and trustworthy and competent management, continue to maintain and even raise their payouts.
EPD, MO, ENB, T, WPC, NNN, PBCT, FRT, OZK, O, TRP, IBM, MSM, D, and UGI all represent safe ultra-high-yield stocks that are likely to not just survive this recession, but so will their 27-year average dividend growth streaks.
Within a diversified and prudently risk-managed portfolio (including proper bonds/cash allocations for your risk profile), these 15 companies represent some of the best sources of safe ultra-yield you can find today.
Plenty of income investors feel afraid right now, and it's not hard to understand why.
While the median dividend cut for the S&P 500 has been just 1.2% since 1946 this is no ordinary recession.
The economic data is so bad that Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, describes it as a "house of horrors."
IHS Composite PMI Hits Lowest Point In History
ISM manufacturing PMI hits 36.9, lowest in 11 years ISM services PMI hits 27, lowest ever recorded ISM composite (weighted average) of services/manufacturing is at a record low Eurozone services PMI hits record low 11.7 Germany Services PMI hits 15.9 Europe locked down a few weeks before us and so those lower service PMIs might be an indicator of where the US index will be going in a few weeks.
Meanwhile, we just had a 5th week of record new unemployment claims, signaling that 26 million Americans have lost their jobs since the Great Lockdown began.
States are desperate to reopen ASAP, and Georgia has announced it will begin phase 1 restart on April 24th. But Anthony Fauci, the University of Washington, and even President Trump says that's too... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|WP CAREY & CO||88.72||31.4||2.83||4.14||4.73|
|PEOPLE'S UNITED FINANCIAL||16.06||12.3||1.31||0.71||4.52|
|MSC INDUSTRIAL DIRECT||71.99||13.6||5.30||3.00||4.18|
|NATIONAL RETAIL PROPERTIES||54.39||35.8||1.52||2.06||3.81|
|FEDERAL REALTY INVESTMENT TRUST||135.76||40.4||3.36||4.20||3.00|
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