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The Retirees' Dividend Portfolio: John And Jane's August Taxable Account Update

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 AugustĀ 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
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
BP 37.67   14.3 2.64 2.44 6.45
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
AT&T 38.38   16.1 2.38 2.04 5.43
SCHLUMBERGER 36.90   24.6 1.50 2.00 5.34
SIMON PROPERTY GROUP 155.27   20.8 7.48 8.40 5.21
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
WASHINGTON TRUST BANCORP 50.06   12.6 3.98 2.04 4.22
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
RYDER SYSTEM 53.25   8.8 6.03 2.24 4.15
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
MESABI TRUST 24.73   7.3 3.37 0.84 3.57
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
CUMMINS 165.05   10.1 16.38 5.24 3.20
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
CLOROX 160.20   25.3 6.34 4.24 2.68
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
MCDONALDS 212.15   27.9 7.61 4.64 2.21
DOVER 99.67   24.4 4.08 1.96 2.02
PARKER HANNIFIN 181.60   15.8 11.46 3.52 1.94
HONEYWELL INTERNATIONAL 168.63   17.9 9.44 3.28 1.93
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
VF CORP 90.35   31.6 2.86 1.72 1.91
APPLE 223.08   19.0 11.73 3.08 1.42
WALT DISNEY 137.50   17.3 7.93 1.76 1.30

NEW RESIDENTIAL INVESTMENT - NRZ
NEW RESIDENTIAL INVESTMENT - NRZ  


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