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James Jenckes
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Born and raised in Arizona. Joined Air Force in the waning days of Vietnam War. Served 8 1/2 years stateside and in Alaska as a Radar and Satellite tracking technician. Afterward, I worked in the semi-conductor industry and computer maintenance industry for a short time. Later, I did some... More
  • My Top 10 Dividend Growth Stocks On The Watch List. 4 comments
    Jun 17, 2014 8:01 PM | about stocks: ESV, CBRL, TUP, TGT, OKE, OMC

    I'm looking to buy these stocks soon. These stocks are specifically slated to go into my Taxable account. I will be adding one to two of this each week over course of the next ten weeks.

    I already own 28 positions in this account, but need to replace a few of them to reduce my non-qualified dividends.

    I have culled these stocks from the CCC list. I mainly am looking for stocks that will produce a better than a 10% dividend at the end of a 10 year period. The 10 year divies are based on an initial investment of $5000.

    The DGR is not necessarily based on a 5 year period. I analyze the 1, 3, 5 year DGR's and determine which one I believe represents the most reasonable rate going forward. For example, if the 5yr DGR is 25% and the 1 year DGR is 10% I may use the 1 yr DGR to be conservative. Also, I use at least two sources to compute the DGR. I don't take reported DGR's for granted and neither should you!

    SymbolYLDDGR10 yrs DiviesEnd YOC
    ESV5.63%25.0%$9,35941.90%
    CBRL3.95%25.0%$6,75930.90%
    TUP3.28%24.5%$5,18322.70%
    OKE3.19%20.4%$4,24617.00%
    OMC2.40%20.0%$3,68814.70%
    HMN3.04%18.0%$3,57413.50%
    PFG2.60%20.0%$3,36913.40%
    LMT3.24%16.0%$3,45712.30%
    WEC3.46%14.7%$3,46211.90%

    Disclosure: The author is long ESV, CBRL, TGT, WEC.

    Themes: Watch List, Dividend Growth Stocks: ESV, CBRL, TUP, TGT, OKE, OMC
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Comments (4)
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  • Dividend Nut
    , contributor
    Comments (507) | Send Message
     
    Jenksjr,
    Great list. You clearly seem to be investing through retirement and not just to retirement. Are you shooting for a specific yield or income number?

     

    Div Nut.
    24 Jul 2014, 02:33 PM Reply Like
  • James Jenckes
    , contributor
    Comments (332) | Send Message
     
    Author’s reply » Dividend Nut,
    Thanks for the comment.

     

    As for the yield number, I shooting for a 5 percent overall yield.

     

    And I am working on getting my dividend income up to $60k. At this point my over all yield is about 4.95% and my current dividend rate is about $54K. I'm already invested in my dividend growth stocks and shooting for dividend growth above 5% per year. The $60k annual dividends will allow me to with draw less capital from my accounts and help my IRA's to build increasing dividends for the time when my taxable account is depleted.

     

    Also, I'm looking to start Social Security in the next year or so. This will further reduce the need for capital withdrawal.

     

    From the above list I recently bought LMT and OKE. I already own ESV, CBRL, & WEC. I recently added to the WEC position.

     

    Some of my other positions are AVA, BAX, BCE, BP CMS, CVX, GIS, HAS, HCP, HCN, IBM, JNJ, KO, KRFT, MAIN, MCD, MSFT, NRF, O, OHI, PFE, PG, RSG, RY, SO, TCAP, TGT, & WPC. Plus, I have a select list of some ETFs and CEFs that I use to broaden and increase the dividends without having to buy certain individual stocks. Like MLP's and preferreds.

     

    Looks you have a good strategy going with investments.

     

    Take care,
    Jim
    25 Jul 2014, 01:03 AM Reply Like
  • ipahophead
    , contributor
    Comments (114) | Send Message
     
    @jenksjr: If you're still interested in TUP and believe the long term story, today is a good day to buy. http://seekingalpha.co...
    29 Jul 2014, 02:27 PM Reply Like
  • James Jenckes
    , contributor
    Comments (332) | Send Message
     
    Author’s reply » ipahophead,
    Thanks for the tip. I agree with you, it's probably oversold. But, the charts are telling me to wait a bit longer. I would like to see how it bottoms out and forms a new support base. Will be watching patiently.
    Take care,
    Jim
    29 Jul 2014, 05:07 PM Reply Like
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