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In Search Of The Best High-Yield Opportunities In The Market Today

Published Wed, 15 Jul 2020 05:28:10 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyIn Search Of The Best High-Yield Opportunities In The Market TodayJul. 15, 2020 5:28 AM ET|| Includes: ABBV, AVB, D, DRUA, DUK, DUKH, ESS, FRT, O, PM, PRU, SO, STOR, T, TBB, TBC, VZ, WPCby: Nicholas WardNicholas Ward The Dividend KingsDividend ideas from a top team of analysts to help you sleep well at night.SummaryI sold my Dominion Energy stock on Monday morning and now I need to replace that lost income.
I discuss now active management can bolster passive income strategies.
I highlight my watch list of the highest quality, high yield dividend growth stocks trading with attractive valuations.
On Monday morning I sold my Dominion Energy (D) stake at $80.60, locking in 26% profits (including dividends, my total returns on that investment were nearly 42%). I wrote about that trade in great detail here, in case you missed it. Those returns are great; however, anytime I sell a dividend growth stock, it hurts my passive income stream. Being that my primary goal as an investor is to generate a reliably increasing passive income stream, this is a big problem that needs to get fixed as soon as possible. With that in mind, ever since selling D, I've been thinking about how I want to replace those shares, and more importantly, the income that they provided. In this piece, I will discuss that thought process thus far.
Using Active Management To Boost Passive Income
For years now, when writing my monthly portfolio review pieces, I've highlighted the fact that all of my year-over-year dividend growth results have been generated 100% organically, meaning that my income stream has not been the beneficiary of an influx of cash into my portfolio due to the fact that money was tight in the Ward household for a while when my wife returned to graduate school.
We made a handful of financial decisions prior to her acceptance into school that seemed reasonable for a two-income household to manage. Things changed drastically when her income... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
AT&T 38.38   16.1 2.38 2.04 5.43
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
DUKE ENERGY 94.96   21.0 4.52 3.78 4.02
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
FEDERAL REALTY INVESTMENT TRUST 135.76   40.4 3.36 4.20 3.00
AVALONBAY COMMUNITIES 209.53   31.6 6.62 6.08 2.89
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43


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Nicholas Ward's Dividend Growth Portfolio: November 2020 Review
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My Dividend Growth Portfolio November Review: 32 Holdings, 1 Buy
All Weather Dividends: 10 Value Buys And 5 Overvalued Sells To End 2020
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