Dividend-News

Daily dividend news for investors in dividend stocks


Blue Chip DRiP Portfolio: June Dividends And Covered Calls Update

Published Fri, 03 Jul 2020 03:50:47 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyBlue Chip DRiP Portfolio: June Dividends And Covered Calls UpdateJul. 3, 2020 3:50 AM ET|| Includes: ABBV, AM, ARCC, AVGO, BEP, BP, BPYU, CAH, D, DEA, ENB, ET, GD, GLW, IP, IRM, JNJ, KEY, KHC, LAND, LYB, MCD, MMM, NWL, PBCT, PFE, PFF, PPL, PRU, QCOM, RDS-B, SO, T, UPS, VLO, WBA, WFC, XOMby: Blue Chip DRiPBlue Chip DRiP SummaryJune dividend income was better than anticipated, considering the widespread dividend slashing and freezes.
Even with a suspension from Ford, and a stinging cut from Shell, we still received $1952.04 from 31 different stocks in June.
All-time dividends received are up to $16,996.01 since we began this portfolio in February 2019.
None of our holdings announced dividend raises and one announced a cut.
In addition to dividends, we accrued $658.90 in covered call premiums in June, which more than make up for reduced dividend income.
Photo Credit: Encyclopedia Britanica
The United States of a Mess
Happy 4th of July to all. Hope you sweep the spiders off your lawn chair and find a great spot to watch some beautiful fireworks. Thank you to everyone who messaged me... asking where I've been, why I haven't penned a May update, or anything else in a while. I didn't realize anybody actually read these articles!
I was getting burnt out from endless market and political noise, so I took a month off to relax with the family and hit the refresh button. So here we are, back at it with the June update, recession edition. We're highly focused on defense at the moment: Primarily stacking cash and writing covered calls when appropriate. Dollar cost averaging here and there to stay engaged. Preparing for bubbles and rallies fueled by fumes to pop, once the inevitable realities of a longer term economic downturn set in. The "V-Shaped" recovery is fleeting nonsense. Don't believe the hype.
The cold hard facts show that we are nowhere near a true recovery. We just jumped on this roller coaster and it hasn't even left... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ARES CAPITAL 19.19   10.5 1.82 1.60 8.39
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
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
ISHARES S&P US PREFERRED STOCK INDEX FUND 37.21   0.0 0.00 2.08 5.60
KRAFT HEINZ 29.03   0.0 0.00 1.60 5.52
PPL 30.88   12.7 2.43 1.65 5.50
AT&T 38.38   16.1 2.38 2.04 5.43
ROYAL DUTCH SHELL B 70.13   0.0 0.00 3.76 5.23
NEWELL RUBBERMAID 18.48   0.0 -14.79 0.92 5.02
LYONDELLBASELL INDUSTRIES 83.78   8.8 9.53 4.20 4.94
INTERNATIONAL PAPER 42.33   10.8 3.93 2.00 4.85
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
PEOPLE'S UNITED FINANCIAL 16.06   12.3 1.31 0.71 4.52
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
WELLS FARGO 48.65   10.0 4.84 2.04 4.22
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
KEYCORP 18.03   10.7 1.68 0.74 4.08
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
PFIZER 37.28   17.0 2.19 1.44 3.85
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
3M 170.58   20.6 8.28 5.76 3.41
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
QUALCOMM 79.08   28.0 2.82 2.48 3.15
UNITED PARCEL SERVICE 122.56   22.4 5.47 3.84 3.14
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
CORNING 30.25   18.6 1.63 0.80 2.74
MCDONALDS 212.15   27.9 7.61 4.64 2.21
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17

ARES CAPITAL - ARCC
ARES CAPITAL - ARCC  


Older articles featuring Ares Capital (ARCC):
Newtek Business Services: Government COVID-19 Programs Benefit This BDC, Yield 11%
Technical Pressure Driving 12% Yield For Owl Rock
Preliminary Q2 Results For The BDC Sector Currently Yielding 13%
The Easy VIX: High-Yield And Risk Mitigation In A ZIRP Environment
June Portfolio Dividend Update
Upcoming NAV Changes For The BDC Sector Yielding 14%
Upcoming Rally For BDCs Currently Yielding 13%
8% To 10% Balanced Portfolio Yield Investing In America: Part 2
40 High-Dividend BDCs Down Big: These 3 Are Worth Considering
Earn An 8% To 10% Balanced Portfolio Yield Investing In America: Part 1

More