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The Retiree's Dividend Portfolio - John's April Update: The Impact Of Dividend Cuts

Published Sun, 07 Jun 2020 13:54:17 -0400 on Seeking Alpha

John's Traditional IRA generated a total income of $1,242.05 for April 2020 compared with a total income of $1,058.84 for April 2019.
John's Roth IRA generated a total income of $963.95 for April 2020 compared with a total income of $923.10 for April 2019.
A total of four companies paid an increased dividend or delivered a special dividend during the month of April.
A total of two companies cut or suspended/eliminated their dividend during the month of April.
John's income held up well for April but we expect to see more negative impact from additional dividend cuts during the month of May.

Dividend Cuts And Suspension/Elimination
There were only two companies that suspended dividend payments during the month of April. Apple Hospitality (APLE) is a real estate investment trust (REIT) that operates hotels in 87 markets across the United States. According to the most recent earnings call, occupancies began to drop significantly and management made the tough decision to make significant cuts to staffing levels and various services (food and beverage) which were helpful in limiting the impact to earnings for the quarter.
Cost cuts were made across the board including executive management and the Board of Directors all voluntarily reducing their compensation for 2020. Overall corporate expenses for 2020 are expected to be reduced by 25%. Although pay reductions tend to be largely symbolic I think it is extremely important for a company like APLE to take these kinds of actions, especially when they suspended the dividend (which is one of the primary reasons why an investor would hold shares of this particular stock).
Some investors' have a strict policy of selling shares of companies that cut or eliminate their dividend and while I do not follow that philosophy (I do take it into consideration but I do not follow it as a hard-and-fast rule) APLE is a stock that I am more than willing to make the exception for. Anyone who has... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
KITE REALTY GROUP TRUST 15.92   0.0 -0.27 1.27 8.07
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
COHEN & STEERS INFRA FUND 27.26   0.0 0.00 0.00 6.88
OCCIDENTAL PETROLEUM 45.40   9.0 5.05 3.16 6.81
RAMCO-GERSHENSON PROPERTIES TRUST 13.49   89.9 0.15 0.88 6.66
PACWEST BANCORP 38.27   9.9 3.86 2.40 6.49
BP 37.67   14.3 2.64 2.44 6.45
VEREIT 9.77   40.7 0.24 0.55 5.86
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
MAIN STREET CAPITAL 43.18   16.8 2.57 2.46 5.69
BRIXMOR PROPERTY GROUP 19.68   16.5 1.19 1.12 5.68
KIMCO REALTY 20.39   25.5 0.80 1.12 5.57
AT&T 38.38   16.1 2.38 2.04 5.43
LAS VEGAS SANDS 60.15   24.1 2.50 3.08 5.22
UMPQUA 16.81   10.4 1.62 0.84 5.10
KINDER MORGAN 20.42   20.6 0.99 1.00 4.94
STAG INDUSTRIAL 29.50   47.6 0.62 1.43 4.93
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
HEALTHCARE TRUST OF AMERICA 28.29   27.5 1.03 1.26 4.45
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
DUKE ENERGY 94.96   21.0 4.52 3.78 4.02
TORONTO-DOMINION BANK 56.54   11.9 4.74 2.22 4.02
VALLEY NATIONAL BANCORP 11.17   11.5 0.97 0.44 4.01
CHEVRON 121.42   15.7 7.72 4.76 3.91
REGIONS FINANCIAL 16.25   10.1 1.61 0.62 3.87
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
DIGITAL REALTY 126.53   116.1 1.09 4.32 3.38
CVS CAREMARK 63.90   17.9 3.57 2.00 3.14
EATON VANCE 46.61   13.7 3.41 1.40 3.09
PEPSICO 137.29   15.2 9.02 3.82 2.81
JPMORGAN CHASE 117.91   12.0 9.79 3.60 2.74
T. ROWE PRICE GROUP 118.12   14.9 7.95 3.04 2.58
CYRUSONE 74.17   0.0 -0.69 2.00 2.53
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
OWENS & MINOR 7.10   0.0 -4.79 0.01 0.12

KITE REALTY GROUP TRUST - KRG
KITE REALTY GROUP TRUST - KRG  


Older articles featuring Kite Realty Group Trust (KRG):
Dividend Cuts And Overdue Rent: REIT Earnings Recap
Dividend Cuts And Overdue Rent: Previewing REIT Earnings Season
Dividends By The Numbers In June 2020 And 2020-Q2
The Retiree's Dividend Portfolio - John's May Update: Selling Kimco Preferred Series L For Better Opportunities
REITs Hit By 'Second Wave' Of Dividend Cuts
Shopping Center REITs - Dividend Outlook 2021
REITs Rally Despite Mounting Dividend Cuts
The Retiree's Dividend Portfolio - John's January Update: Markets Aren't Immune To The Coronavirus
SDIV: 3 Factors Why Underperformance Will Continue In Global X SuperDividend ETF
The Retiree's Dividend Portfolio - John's Year-End Review

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