Published Mon, 12 Oct 2020 14:44:41 -0400 on Seeking Alpha
Seeking AlphaRetirementThe Retirees' Dividend Portfolio: John And Jane's September Taxable Account UpdateOct. 12, 2020 2:44 PM ET|| Includes: AAPL, ABR, ABR.PA, ABR.PB, ABR.PC, ADM, APLE, BP, BPAQF, CAH, CARR, CLX, CMI, CVX, DIS, DOV, EAFAX, EMR, EPD, EPR, EPR.PC, EPR.PE, EPR.PG, ET, GIS, HON, HP, HRL, IRM, 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 $1,169.58 of dividends in September of 2020 compared with $1,699.18 of dividends in September of 2019.
The taxable account had a balance of $384,080.02 as of September 30th, 2020, vs. $461,950.86 on September 30th, 2019. The annualized cost basis yield is 4.61%.
One stock in the taxable portfolio suspended, reduced, or eliminated dividends during the month of September.
A total of one company in the taxable portfolio paid increased dividends or a special dividend during the month of September.
The majority of the income difference can be attributed to a special distribution made by Old Republic International which was for $500.
September saw a nice bounce back as many of the companies in the taxable account saw improvement. There have been a few notable improvements for companies that make up the riskier part of this portfolio which has been welcome news after a rough 2020. For example, we saw positive developments from Apple Hospitality (APLE) and New Residential (NRZ).
APLE is well-positioned to emerge from COVID stronger than many of its competitors which are more leveraged. In fact, APLE announced that it was cash-flow positive as of July and has maintained those levels since then. All 235 hotels are open and accepting reservations.
Source: Apple Hospitality REIT Mid-Quarter Update
NRZ... 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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