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High Yield Dividend Portfolio; I target a minimum 20% return on stock price *and* a minimum 5% for dividend yield. Early retiree, father, and grandfather. Seeking alpha n00b. Opinionated SOB. Radical liberal conservative libertarian (I VOTE FOR NONE OF THE ABOVE!). I'm actually a Marxist - of... More
My blog:
PandA Trader - High-Yield (7%+) Dividend Stocks with High Annual Return (30%+) & Other Adventures in Trading the Day
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  • Lower Expectations For Better Results - High Yield, High Return Dividend Portfolio

    Looking back on a previous blog post about Great Expectations, and considering how the screening and portfolio have been 'acting' lately, I have decided to lower my expectations for the High Yield High Return Dividend Portfolio. Not by much, but just enough. Instead of looking for 10% yield with high returns, I will be looking just one step lower; 9% yield.

    Here's another, earlier blog post that might help to explain a bit more.

    It's not a big change, but I think it adds a bit more 'stability' to the portfolio.

    I've already posted today's watch list using the 'old' 10% yield screens, and this was today's result;

    (click to enlarge)old watch list

    If the 'new' 9% screens were used instead, this would be the result;

    (click to enlarge)new watch list

    This change will be instituted for tomorrow's watch list.

    Oct 04 9:23 AM | Link | Comment!
  • SCMR And $10.00 Special Dividend

    One of my blog readers asked;

    Question: For a stock like $SCMR which announce a 10 special dividend on Oct 1. is it worth playing?

    Since I was not familiar with this symbol because it's not a regular dividend paying stock, I had to do a little research.

    This is my answer;

    Thank you for commenting!

    Whether you play it or not, you must weigh the risk versus the reward.

    Currently, the stock is trading at $15.45 so that is your risk.

    The reward is $10 for that risk.

    But, there are other considerations; you need to be a holder of record on October 1st, which ordinarily means you must already own the stock 3 business days before, and that is normally on the ex-dividend date.

    But, this is a 'special dividend', subject to special rules. The 'ex-dividend' date is actually the day after the dividend is "PAID". Confused? Yeah, me too.

    The last time they did this, back on 12/1/10 they declared a $6.50 special dividend, the stock closed almost $6.50 lower than the previous day ($30.01 vs. $25.25), and then closed @ $27.27 on the pay date.

    The very next day, the ex-dividend date of 12/23/10, the stock opened @ $20.50 and closed @ $20.82.

    Now, consider that the stock had a 3-year high of $34.31 back on 10/15/10, and then went to those price points already described.

    I don't know what the price action will be for this latest special dividend, but you should probably check out their website; and other sites as well.

    I would recommend and for starters.

    So, I can't really tell you if it's worth playing, but if you feel lucky sometimes you just gotta roll the dice. I probably won't take a big bite on this stock, but I might nibble at it a bit. (I just bought 25 shares on a roll of the dice!)

    Thanks again, and good luck!

    So, was this the right answer? Was it a good answer? I don't know. I took a nibble, though.

    We'll see…

    Tags: SCMR, dividend
    Sep 22 4:33 AM | Link | 2 Comments
  • Ex-Dividend And Payment Dates, 10 Day Outlook

    Today was the ex-dividend date for AGNC, and there were quite a few questions about it, most of them quite similar to this; "If I buy it now do I still get the dividend?"

    Short answer: No.

    Longer answer: The ex-dividend date is not the only important date for a dividend stock. It's almost as important as the day *BEFORE* the ex-dividend date. Then there's also the record date, the pay date, and of course, declare date.

    Here's the way ex-dividend dates work; the ex-dividend date is the date that determines whether or not you get the dividend. But, and this is important, you need to own the stock the day *BEFORE* the ex-dividend date. Then, when the ex-dividend date rolls around the stock is said to trade "ex-dividend" which means except, or excluding, the dividend.

    The record date is simply 2 days after the ex-dividend date, but it has to be 2 'business' days after.

    The pay date is the date the dividend is actually paid.

    Declare dates are significant because that's the day the company announces the next dividend, or series of dividends, along with the corresponding ex-dividend dates and pay dates, etc.

    Looking ahead from today, there are a number of important events coming up;

    Ex-dividend dates:
    9/19 agnc
    9/20 IVR TWO
    9/24 CYS

    Pay Dates:
    9/28 SFL TCRD TICC

    It's already too late to buy stock in AGNC IVR or TWO in hopes of capturing a dividend, but you can still position yourself for CYS AMTG ARI CMO FULL and PSEC.

    This is, of course, germane to my high-yield, high-return dividend portfolio and there are other stocks that I did not include simply because they are not in my portfolio or on my watch list.


    Sep 20 7:14 AM | Link | Comment!
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