It seems that once I have a goal on paper, I have a hard time not having a pencil and calculator in hand. Last month I wrote: Establishment of "the number" of monthly income needed to be added to reach my goal of 10 X 8. In July, some stocks I wanted to own came into my buy range, and with calculator in hand, I have reset my goal to 10 X 7. It is no wonder my wife and daughters lovingly, but mockingly, refer to me as Mr. Patience.
July brought three more sales from my high yield "expendables" side of the portfolio. On 7/6 I sold 150 NRF PRE @ 25.33, 7/8 I sold 100 NM PRH @ 18.1301, and on 7/14 I sold 100 LTS PRA @ 24.372.
Probably time to rename my portfolio as the only position I plan to sell from here is my position in LTS-A. The rest will be allowed to play out as a reminder of how smart I am not. The amounts are not enough to move the needle much as to my plan.
|Company Name||Symbol||# of shares held||Annual Dividend per share||Total dividend|
|Breitburn Energy Partners L.P.||BBEP||400||.50||200|
|Kinder Morgan Warrants||KMI-WS||800||0||0|
|Ladenburg Thalmann Financial Pref A||LTS-A||200||2.00||400|
Knowing I can not time the market, and believing in a market of stocks that move individually, or sometimes sector wide, I keep my list in a portfolio, with 50 and 200 day averages visible, so that I can see what is taking a dip. If you think this would keep you out of good stocks, notice that currently, T, VZ, SJI, CAT, STR, XOM, NJR, IBM, CMI, JNJ, TGT, NSC, FAST, NSC, UNP, DEO, and AAPL, among others, fit at least at times this week.
Buys in July with 200 and 50 day averages on buy date respectively, in parenthesis:
7/10 56 Ventas (NYSE:VTR) @ 63.99 ( 71.52 / 64.56 ) Rounded up to 200 shares. Spin off of Care Capital Properties will be direct competition with OHI, and 10% over all raise coming within the month according to their last call.
07/14 120 OGE Energy Corp (NYSE:OGE) @ 28.7 and 7/21 100 OGE @ 28.05 ( 32.22 / 29.57 )
8 years of raises. 5 Year Average Dividend Yield: 2.80%. Current yield 3.5%. Raises going the right way: DGR 1yr. 10.8 / 3 yr. 7.2% / 5 yr. 5.4%.
From their May 10th call: "From an OGE Energy perspective, the Enable distributions contribute significantly to our cash flow to support financing the environmental capital program and to accomplish our goal of growing the dividend 10% per year through 2019."
07/24 100 Orchids Paper Products Company (NYSEMKT:TIS) @ 22.91 ( 25.27 / 24 ) Not a stock some would like. Going from a quarterly dividend of .10 in March 2011, to .35 in June 2013, the dividend has now been frozen for ten quarters. I see them as shareholder friendly. They have stood behind the dividend even when they were not earning it, while now moving to expand eastward and become more of a national player. Good article with more than I can cover in this article here.
July raises: $56.12
KMI .04 annual +$40. OHI .04 annual +$3.52 BGS .04 annual $6.80 Span .04 annual $5.80
|Symbol||Company Name||# of shares held||Annual Dividend Per Share||Total Dividend|
|AMLP||Alerian MLP ETF||200||1.18||236|
|AMNF||Armanino Foods of Distinction||1,000||0.072||72|
|BBL||BHP Billiton PLC||60||2.48||148|
|BGS||B&G Foods Inc.||170||1.40||238|
|CLMT||Calumet Specialty Products Partners LP||574||2.74||1572|
|GIS||General Mills, Inc.||43||1.64||71|
|HP||Helmerich & Payne, Inc.||55||2.75||151|
|JNJ||Johnson & Johnson||30||2.80||84|
|KMI||Kinder Morgan, Inc.||1,000||1.96||1960|
|LTC||LTC Properties Inc||300||2.04||612|
|MO||Altria Group Inc.||200||2.08||416|
|MPW||Medical Properties Trust Inc.||1,450||0.88||1276|
|NRF||NorthStar Realty Finance Corp.||446||1.60||714|
|O||Realty Income Corporation||900||2.28||2052|
|OGE||OGE Energy Corp.||220||1.00||220|
|OHI||Omega Healthcare Investors Inc||88||2.20||193|
|OXY||Occidental Petroleum Corporation||252||3.00||756|
|PG||The Procter & Gamble Company||45||2.65||119|
|PM||Phillip Morris Company||130||4.00||520|
|SPAN||Span-America Medical Systems Inc||145||0.64||92|
|TIS||Orchids Paper Products Company||200||1.40||280|
|UTG||Reaves Utility Income Fund||100||1.815||182|
|VGR||Vector Group Ltd.||450||1.60||720|
|WMB||Williams Companies Inc||235||2.36||554|
|WPZ||Williams Partners L.P.||335||2.36||790|
Cash end of month $12,535. Add in 200 shares of LTS-A to be sold and I have roughly $17,000 or $1000 a month + current income per month of ( $16,534/ 12 ) $1,377 to purchase positions going forward. Note I have shortened everything from end of 2017 to end of 2016.
This is just a guide, as all depends on what the market gives as to how long the cash lasts.
$17,852 income goal end of 2016
|End of month Dividend side income||Amount short||Months to end of goal||Amount of income needed to add each month to hit goal||Yield needed @ $1,377 a month reinvested income + $1000 cash added|
Disclosure: I am/we are long AMLP AMNF BBL BGS CLMT CVX GIS HP JNJ KMI LTC MO MPW NRF O OGE OHI OXY PG PM SO SPAN T TIS UTG VGR VTR VZ WMB WPZ BBEP KMI-WI LTS-A SDRL SOUHY.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: The author is in no way an investment professional, just an individual investor marching to his own drum.