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iShares S&P U.S. Preferred Stock Index ETF announces distribution of $0.2360

  • iShares S&P U.S. Preferred Stock Index ETF (PFF) announces monthly distribution of $0.2360.
  • For shareholders of record 04 Dec; Payable 06 Dec; Ex-div date 02 Dec.
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Comments (3)
  • Tortoise #1
    , contributor
    Comments (432) | Send Message
     
    Tortoise #1 is 87 years old. He and Mrs. Tortoise lice comfortably in retirement supported by our dividend Income from long-term investments some of which were originally made in the late 1960s.

     

    We added PFF to our portfolios in 2011 and are satisfied with the performance. On the basis of our average cost, the current, last 12 month annualized yield is 5.3%. This is down from our earlier yields that ran a bit over 6%.
    2 Dec 2013, 03:08 PM Reply Like
  • Jerbear
    , contributor
    Comments (921) | Send Message
     
    Tortoise
    Congratulations. I read your bio and admire your philosophy. I hope I can reach the level of success and happiness that you have achieved.

     

    I own PFF. I am not retired but certainly plan to do that as early as possible.

     

    You and Mrs Tortoise look great. Enjoy your success.
    2 Dec 2013, 08:37 PM Reply Like
  • Tortoise #1
    , contributor
    Comments (432) | Send Message
     
    Jerbear, The foundation of our financially secure retirement is Dividend-Growth stocks accumulated years ago. The PFF and PFXF shares we have added generate additional income that is "frosting on the cake".

     

    Let me give you an example of Dividend-Growth investing that I have experienced. I bought 100 shares of Std. Oil of Cal., now Chevron Corp. (CVX), in March 1970. Now, after four 2 for one splits we own1,600 shares.

     

    The original annual dividend was $240. Currently, it is $6,400.

     

    My total cost in unchanged! No one ever mentioned D-G investing to me. I stumbled upon it. Can it happen now? Well, CVX's 2001 annual dividend rate was $1.30/share. Currently, it is $4.00.

     

    I anticipate another dividend increase in the 2nd quarter 2014.
    3 Dec 2013, 06:19 PM Reply Like
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