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5%+ Dividend Yield Portfolio: Bracing For The Retest (April 2020 Review)

Published Sun, 03 May 2020 22:56:34 -0400 on Seeking Alpha

My +8.7% April performance lagged the +12.8% of the S&P 500 (crazy to be sad about a +9% month, but that is the world we live in).
However, my April dividends were up 27% from last year.
My dividend yields are now an insane 6.0% (versus the 2.2% mark for the S&P 500).
A bit of selling in April while I wait for the retest of the March lows.
Musings
Unless you are solely invested in Technology stocks, your portfolio is likely nothing but a sea of red this year (despite a bump off the lows in April). Basically everything is hurting (no shocker there), but that’s not what I’m focused on at the moment. I’m trying to figure out how supposedly ‘safer’ strategies managed to fail so spectacularly in the face of the virus-induced turndown versus 'riskier' strategies. First, some data:

Source: S&P Global
To me, it is exceptionally surprising (and frustrating) that the S&P 500 (which is more and more just a proxy for Big Tech) is crushing the YTD returns for the Low Volatility index by more than 400 pts. Even more surprising is that the S&P 500 Growth index is the strongest factor so far this year (only down 2%!). Literally nothing in my finance education or decade and a half of real-world experience would have let me to predict this. Many readers of my articles are longstanding sufferers at the Value rout of the last decade, but the proverbial volume has now been turned up to 11!
How this all works out is anybody’s guess (and really, we are all just guessing right now). Aside from the energy patch (which has deep woes far beyond COVID-19), anything can happen. What is clear is that we are in a recession (and an employment depression), but how deep and how long are a mystery. That is why I am fairly surprised to see the market down less than 10% YTD. The economy certainly feels more than 10% screwed up to me (remember that consumer spending is 70% of U.S. GDP).
All that said, stocks are certainly ‘on sale’ right... 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
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
BLACKSTONE MORTGAGE TRUST 36.16   14.5 2.49 2.48 6.94
OCCIDENTAL PETROLEUM 45.40   9.0 5.05 3.16 6.81
PACWEST BANCORP 38.27   9.9 3.86 2.40 6.49
ABBVIE 70.83   26.0 2.72 4.28 6.28
AT&T 38.38   16.1 2.38 2.04 5.43
HSBC 38.74   11.2 3.45 2.00 5.25
NATIONAL HEALTH INVESTORS 82.87   23.1 3.59 4.20 5.14
BANCO SANTANDER 4.10   8.5 0.48 0.21 5.05
KINDER MORGAN 20.42   20.6 0.99 1.00 4.94
LYONDELLBASELL INDUSTRIES 83.78   8.8 9.53 4.20 4.94
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
CANON 27.08   17.7 1.53 1.20 4.51
GLAXOSMITHKLINE 41.03   18.4 2.23 1.83 4.47
IBM 143.62   14.8 9.68 6.48 4.47
VENTAS 71.17   51.6 1.38 3.17 4.41
VORNADO REALTY TRUST 64.13   4.3 15.04 2.64 4.15
ING GROEP 10.64   7.8 1.36 0.44 4.12
TEVA PHARMACEUTICAL 8.18   0.0 -3.85 0.00 4.09
PFIZER 37.28   17.0 2.19 1.44 3.85
PROSHARES ULTRASHORT S&P 500 28.97   0.0 0.00 0.00 1.97
CEMEX SAB DE CV 3.87   18.4 0.21 0.05 1.23
ISHARES DOW JONES INTERNATIONAL SELECT DIVIDEND INDEX FUND 31.06   0.0 0.00 0.00 0.00
DOW CHEMICAL  

NEW RESIDENTIAL INVESTMENT - NRZ
NEW RESIDENTIAL INVESTMENT - NRZ  


Older articles featuring New Residential Investment (NRZ):
REITs Rally Despite Mounting Dividend Cuts
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
The Retirees' Dividend Portfolio - John And Jane's February Taxable Account Update
5%+ Dividend Yield Portfolio: Winning In A Tough Market (Feb 2020 Review)

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