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The Retiree's Dividend Portfolio - Jane's May Update: Following The Gameplan
Published Sun, 21 Jun 2020 17:47:37 -0400 on Seeking Alpha
Jane's retirement accounts generated a total of $1,217.93 of dividend income for May 2020 vs. $1,149.58 of dividend income for May of 2019.
Jane's Traditional IRA had a balance of $287,066.03 as of May 31st, 2020 vs. $278,274.52 on May 31st, 2019. The estimated annualized yield is 4.68%.
Jane's Roth IRA had a balance of $130,766.56 as of May 31st, 2020 vs. $131,575.39 on May 31st, 2019. The estimated annualized yield is 4.51%.
A total of one company paid an increased dividend or issued a special dividend during the month of May.
A total of two companies suspended or decreased their dividend that was payable during the month of May.
In many ways, it is almost comical to see how quickly the markets have roared back to life (whether or not it's justified is a completely different story) as Jane's account balances for the month of May are almost exactly the same as what she had at the end of May in 2019. The only real difference in account balances for her Traditional IRA can be attributed to the $7,000 contribution that was done for the tax year of 2019 earlier in 2020.
Data by YChartsAs a mini-benchmarking exercise and decide to look at how Jane's portfolio balance compares to the performance of the total return of the S&P 500, Dow Jones Composite Average, and the Nasdaq Composite over the same time frame. Ultimately, Jane's portfolio has lagged each of the three indexes but more closely resembles the DJIA in terms of performance.
It is important to remember that we are in the process of de-risking Jane's retirement portfolio as we continue to look for opportunities to generate additional income.
Dividend Cuts And Suspensions
The following stocks cut or suspended their dividend payment that was due in the month of May.
Synnex Corporation (SNX) Vermilion Energy (VET) Synnex - We are a little disappointed that Synnex suspended the dividend given that it was only at a 17.5% payout ratio. Additionally, the company... Read more
| Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OXFORD LANE CAPITAL | 9.73 | 0.0 | 0.00 | 1.62 | 16.65 | |||||||
| ANNALY CAPITAL MANAGEMENT | 8.60 | 0.0 | -3.32 | 1.20 | 14.00 | |||||||
| GASLOG PARTNERS LP | 19.14 | 14.5 | 1.32 | 2.20 | 11.08 | |||||||
| CHIMERA INVESTMENT | 19.57 | 21.5 | 0.91 | 2.00 | 10.23 | |||||||
| CENTURYLINK | 13.53 | 0.0 | -7.43 | 1.00 | 7.94 | |||||||
| IRON MOUNTAIN | 34.14 | 28.4 | 1.20 | 2.44 | 7.29 | |||||||
| ALTRIA GROUP | 44.46 | 13.2 | 3.36 | 3.36 | 7.23 | |||||||
| BRITISH AMERICAN TOBACCO | 37.99 | 0.0 | 0.00 | 2.68 | 6.64 | |||||||
| BP | 37.67 | 14.3 | 2.64 | 2.44 | 6.45 | |||||||
| ENBRIDGE | 34.70 | 19.7 | 1.76 | 2.21 | 6.38 | |||||||
| ABBVIE | 70.83 | 26.0 | 2.72 | 4.28 | 6.28 | |||||||
| 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 | |||||||
| CANADIAN IMPERIAL BANK OF COMMERCE | 81.35 | 9.5 | 8.59 | 4.33 | 5.17 | |||||||
| LYONDELLBASELL INDUSTRIES | 83.78 | 8.8 | 9.53 | 4.20 | 4.94 | |||||||
| BANK OF NOVA SCOTIA | 56.20 | 11.2 | 5.02 | 2.70 | 4.79 | |||||||
| IBM | 143.62 | 14.8 | 9.68 | 6.48 | 4.47 | |||||||
| BANK OF MONTREAL | 72.60 | 10.2 | 7.15 | 3.10 | 4.33 | |||||||
| LEXINGTON REALTY TRUST | 10.09 | 8.4 | 1.20 | 0.41 | 4.10 | |||||||
| KEYCORP | 18.03 | 10.7 | 1.68 | 0.74 | 4.08 | |||||||
| REALTY INCOME | 74.49 | 56.9 | 1.31 | 2.72 | 3.69 | |||||||
| AVAGO TECHNOLOGIES | 300.58 | 37.1 | 8.11 | 10.60 | 3.60 | |||||||
| GENERAL MILLS | 54.09 | 18.6 | 2.90 | 1.96 | 3.59 | |||||||
| MESABI TRUST | 24.73 | 7.3 | 3.37 | 0.84 | 3.57 | |||||||
| NETAPP | 56.36 | 14.4 | 3.90 | 1.92 | 3.52 | |||||||
| ARCHER-DANIELS-MIDLAND | 41.45 | 17.8 | 2.33 | 1.40 | 3.47 | |||||||
| 3M | 170.58 | 20.6 | 8.28 | 5.76 | 3.41 | |||||||
| DIGITAL REALTY | 126.53 | 116.1 | 1.09 | 4.32 | 3.38 | |||||||
| EATON | 87.30 | 17.0 | 5.14 | 2.84 | 3.27 | |||||||
| CUMMINS | 165.05 | 10.1 | 16.38 | 5.24 | 3.20 | |||||||
| BANK OF AMERICA | 29.67 | 10.6 | 2.80 | 0.72 | 2.45 | |||||||
| EAST WEST BANCORP | 45.79 | 10.2 | 4.50 | 1.10 | 2.39 | |||||||
| BOEING | 375.63 | 44.0 | 8.54 | 8.22 | 2.22 | |||||||
| HONEYWELL INTERNATIONAL | 168.63 | 17.9 | 9.44 | 3.28 | 1.93 | |||||||
| LAURENTIAN BANK OF CANADA | 34.05 | 0.0 | 0.00 | 0.00 | 0.00 |