Published Thu, 10 Sep 2020 13:52:49 -0400 on Seeking Alpha
Seeking AlphaRetirementThe Retirees' Dividend Portfolio: John And Jane's August Taxable Account UpdateSep. 10, 2020 1:52 PM ET|| Includes: AAPL, ABR, ABR.PA, ABR.PB, ABR.PC, ADM, APLE, BP, BPAQF, BPY, BPYPN, BPYPO, BPYPP, CAH, CARR, CLX, CMI, DIS, DOV, EAFAX, EMR, EPD, EPR, EPR.PC, EPR.PE, EPR.PG, ET, GIS, HON, HP, HRL, IRM, JCPNQ, LEG, LTC, MCD, MIND, MINDP, MO, MSB, NRZ, NRZ.PA, NRZ.PB, NRZ.PC, O, ORI, OTIS, PH, PSXP, R, RTX, SKT, SLB, SO, SOJA, SOJB, SOJC, SOJD, SOLN, SPG, SPG.PJ, T, T.PA, T.PC, TBB, TBC, TXN, VFC, VZ, WASH, WLKP, WPC, XOMby: Matthew UteschMatthew Utesch Dividend Investing, Dividend Growth Investing, Long Only, REITsSummaryThe Taxable account generated $1,674.90 of dividends in August of 2020 compared with $1,591.52 of dividends in August of 2019.
The Taxable Account had a balance of $399,251 as of August 31st, 2020 vs. $448,047.14 on August 31st, 2019. The annualized cost basis yield is 4.73%.
One stock in the Taxable portfolio suspended, reduced, or eliminated dividends during the month of August.
A total of two stocks/funds in the Taxable portfolio paid increased dividends or paid a special dividend during the month of August.
Simon Property Group and Brookfield Property Partners make a big decision to rescue JC Penny from bankruptcy.
The introduction to this article is a little different but does involve one of the stocks held in the Taxable Account - Simon Property Group (SPG). It was announced that the behemoth REIT is exercising its financial flexibility, along with Brookfield Property Partners (BPY), to purchase JC Penny (OTCPK: JCPNQ) and rescue the distressed retailer from bankruptcy.
This move follows its previous moves in buying distressed retailers like Forever 21 and Brooks Brothers. JC Penny is a far larger company than these two companies but the discount is massive compared to the debt load that JC Penny had amassed during its downward spiral.
Data by YCharts
SPG and BPY "will pay $300 million in cash... 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|
|ARBOR REALTY TRUST||12.77||9.1||1.40||1.16||9.21|
|WESTLAKE CHEMICAL PARTNERS LP||21.72||13.6||1.60||1.83||8.44|
|TANGER FACTORY OUTLET CENTERS||16.50||21.4||0.77||1.42||8.35|
|HELMERICH & PAYNE||40.76||0.0||-0.68||2.84||6.74|
|SIMON PROPERTY GROUP||155.27||20.8||7.48||8.40||5.21|
|WP CAREY & CO||88.72||31.4||2.83||4.14||4.73|
|WASHINGTON TRUST BANCORP||50.06||12.6||3.98||2.04||4.22|
|OLD REPUBLIC INTERNATIONAL||22.80||9.2||2.48||0.80||3.57|
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