Freya

7 Dividend Stocks Increasing Cash Payouts

PSEC went ex-div today, unfortunately, so far it is only down the Div amount.

Since it is an Oil Play, its doubtful that I'll see much of a downward move at the present time. Oh well.

7 Dividend Stocks Increasing Cash Payouts

Ireland, I believe, is eliminating the Tax free status of its Municipal Bonds.

I have heard rumors here, That the Obama Congress is thinking about doing the same thing on the Federal Level.

They want to Level the Playing Field. After all, Only the Rich can afford to exempt themselves from Paying Income Taxes. Only the Rich buy Tax Exempt Muni's.

Since I didn't when such a Proposal would be Floated, we bailed out of MHI to get into PSEC. The Only Municipals I look at now are State Tax Exempts issued by the State of Residence.

It doesn't do any good to buy State Tax Free Municipals issued by another State.

7 Dividend Stocks Increasing Cash Payouts

I'm getting 4% on MCD and 8% on MO. I'm willing to take 4% from MCD because of their Foreign growth, foreign currency trade. MO, well, lets say more than half the planet is lighting up. And will do so for a long long time.

PSEC is not a "company" per se, it invests in other companies, usually private ones. I believe the payout started at 10 cents a share 5 years ago. When I saw that management had managed to incrementally increase payouts for 18 qtrs in a row even though it had lost more than 50% in market cap I got interested. When it raised it slighthly for the 19th straight qrtr., I jumped in with both feet and an arm. With oil on the rise and a 20 qrtr div. hike in these "Not the Best of Times", I'm in it "Hook, Line and Sinker".

If it takes a hit after it goes Ex-div. by more than the ex-div amount, I'll take a look whether tying up more money for 3 months is worth the difference.

7 Dividend Stocks Increasing Cash Payouts

TLassen, saved me some time, thanks.

My view has been to try to take into account potential pitfalls by buying these High Yielders with the expectation that the dividend could be cut in Half.

I'm quite willing to receive an 8% yield on my money hence PSEC. But that doesn't mean I'm complacent either. I made that mistake with the CanRoys last Year.

7 Dividend Stocks Increasing Cash Payouts

That ex-div. date on PSEC still reads 10-06-2009. I own 8,000 shares in my 801K avg cost $10. My group has 1,600 shares as far as SA is concerned is around $10.20.

I follow it rather closely. The companies it invests in?

Primarily Debt and equity in the Energy Sector. Think Energy is going down? Don't buy PSEC.

7 Dividend Stocks Increasing Cash Payouts

On PSEC, I believe it goes Ex-div. 10/06, that was the initial press release. It may have been corrected later but better to be safe than sorry.