Rose 96 Stock Portfolio Review: Value Up 16% YTD And Dividend Yield 4.16%
Summary
- The full 96 stock portfolio is shown by sectors, Rose cost/share, %portfolio value and %income.
- July dividend income from 24 paying companies was up 14.8% from July 2020 and is shown by date received, yearly dividend, and current yield.
- July transactions include 19 separate add ons, 5 sales, 4 trims, and 2 new buys which are shown by date, price, yearly dividend, and yield.
- Goals for the portfolio for defensive sector income continue and the results shown in chart form.
Rose Portfolio of 96 Stocks
Listing the portfolio by the 11 most common sectors seems logical with the hope of revealing its quite wide diversification. I admit to adding and adjusting some sectors to suit my needs and also have added fixed income in the listing. As promised in my last article here, the Rose average cost per share is shown and has been updated through the end of July. Included in the sector column is the S&P credit rating. The remaining columns and abbreviations used are:
-Stock ticker = Ticker
-Stock name = Company Name
-end of the month July 30th price /share = 7/30/21 Pr/Sh
-Rose averaged $ cost/share = Rose Cost/Sh
-* / *uk =price unknown, many were a spin-off years ago and had been dripped.
-2021% portfolio value = 2021 % PV and
-2021 % estimated yearly income = 2021 E%Inc.
The S&P credit ratings were obtained from FASTgraphs “FG” a subscription service from Chuck Carnevale and in some cases, there is no rating. A goal is to have the highest %PV come from the best or highest credit-rated stocks so knowing the credit rating remains important. The largest PV holding appears first with the lower PV and lesser credit or no rated speculative stocks generally should appear near the bottom of the sector listings.
A defensive total chart showing: %PV, 2021 %income, and estimated 2022 %income appears at the end of the individual sector listings.
| Sector/S&P | Company | 07/30/21 | Rose | 2021 | 2021 | |
| Credit Rating | Ticker | Name | Pr/Sh | Cost/Sh | % PV | E%Inc |
| Consumer S | ||||||
| A | (PM) | Philip Morris | 100.09 | 39.89* | 2.40% | 2.80% |
| A | (KMB) | Kimberly Clark | 135.72 | 100.89 | 1.80% | 1.40% |
| BBB | (MO) | Altria | 48.04 | 40.23* | 1.70% | 2.90% |
| A+ | (KO) | Coca-Cola | 57.03 | 30.21 | 1.40% | 1.00% |
| A+ | (PEP) | Pepsico | 156.95 | 92.45* | 1.40% | 0.90% |
| BBB- | (TAP) | Molson Coors BC | 48.89 | 53.56 | 0.90% | 0.30% |
| BBB | (MDLZ) | Mondelez | 63.26 | *uk | 0.70% | 0.30% |
| A | (HSY) | Hershey | 178.88 | 102.51 | 0.40% | 0.20% |
| BBB | (SJM) | J. M. Smucker | 131.11 | 104.67 | 0.40% | 0.20% |
| A | (TGT) | Target | 261.05 | 67.46 | 0.30% | 0.10% |
| BBB | (GIS) | General Mills | 58.86 | 45.86 | 0.30% | 0.20% |
| BB+ | (KHC) | Kraft Heinz | 38.47 | *uk | 0.10% | 0.10% |
| Healthcare | ||||||
| BBB+ | (ABBV) | AbbVie | 116.3 | 72.07 | 4.70% | 5.00% |
| A+ | (MRK) | Merck | 76.87 | 78.13 | 3.60% | 2.50% |
| AAA | (JNJ) | J & Johnson | 172.2 | 86.72 | 2.80% | 1.90% |
| A+ | (BMY) | Bristol Meyers | 67.87 | 57.19 | 2.40% | 1.30% |
| A- | (AMGN) | Amgen | 241.54 | 182.84 | 1.60% | 1.00% |
| BBB | (WBA) | Walgreens BA | 47.15 | 43.92 | 1.60% | 1.50% |
| BBB | (CVS) | CVS Health | 82.36 | 63 | 0.70% | 0.60% |
| A+ | (PFE) | Pfizer | 42.81 | 30.58 | 0.60% | 0.50% |
| BBB | (CAH) | Cardinal Health | 59.38 | 49.4 | 0.50% | 0.40% |
| (OTRKP) | Ontrak Inc Pref | 24.85 | 24.6 | 0.40% | 0.50% | |
| BBB+ | (REGN) | Regeneron | 574.61 | 487 | 0.30% | 0.00% |
| BB- | (TEVA) | Teva | 9.65 | 12.66 | 0.30% | 0.00% |
| (OGN) | Organon | 29.01 | 33.42 | 0.20% | 0.00% | |
| (VTRS) | Viatris | 14.07 | 15.12 | 0.20% | 0.10% |
| Comm-Tele | ||||||
| BBB+ | (BCE) | BCE- Canada | 49.91 | 40.53 | 2.20% | 2.90% |
| BBB+ | (VZ) | Verizon | 55.78 | 43.54 | 1.70% | 2.00% |
| BBB | (T) | ATT | 28.05 | 24.9* | 1.30% | 2.90% |
| BBB | (VOD) | Vodafone | 16.33 | 16.87 | 1.00% | 1.40% |
| BBB | (VIAC) | ViacomCBS Inc | 40.93 | 22.04 | 0.50% | 0.30% |
| Utility | ||||||
| A- | (XEL) | Xcel Energy | 68.25 | 21.92* | 2.40% | 1.50% |
| BBB+ | (DUK) | Duke Energy | 105.11 | 80.42 | 2.40% | 2.10% |
| A- | (SO) | Southern Co | 63.87 | 42.21 | 1.90% | 1.80% |
| A+ vl | (MGEE) | Madison Gas Elec | 78.12 | 18.75* | 1.70% | 0.80% |
| silver | (DNP) | Duff & Phelps | 10.62 | 10.05 | 1.30% | 1.80% |
| BBB+ | (D) | Dominion | 74.87 | 66.65 | 1.30% | 1.00% |
| A- | (WEC) | Wis Electric | 94.14 | 45.87 | 0.40% | 0.30% |
| (KEN) | Kenon Holdings | 34.16 | 34.17 | 0.40% | 0.00% |
The first 4 sectors shown above are considered defensive by nature and used in that manner for portfolio income goals which are reviewed at the end. 2 industrial stocks that I consider defensive are listed below under the sector named Industrial-Def.
| Sector/S&P | Company | 07/30/21 | Rose | 2021 | 2021 | |
| Credit Rating | Ticker | Name | Pr/Sh | Cost/Sh | % PV | E%Inc |
| Technology | ||||||
| A+ | (MA) | Mastercard | 385.94 | 88.24 | 1.50% | 0.20% |
| BBB- | (AVGO) | Broadcom | 485.4 | 225.6 | 1.40% | 1.00% |
| AA- | (CSCO) | Cisco | 55.37 | 31.57 | 1.30% | 0.80% |
| AA- | (V) | Visa | 246.39 | 73.91 | 0.70% | 0.10% |
| A+ | (INTC) | Intel | 53.72 | 36.34 | 0.30% | 0.20% |
| Cons Discret | ||||||
| A | (HD) | Home Depot | 328.19 | 143.35 | 1.50% | 0.70% |
| A vl | (GPC) | Genuine Parts | 126.92 | 64.25 | 0.80% | 0.50% |
| BBB+ | (MCD) | McDonald's | 242.71 | 94.49 | 0.60% | 0.40% |
| (INVZ) | Innoviz | 9.25 | 10.79 | 0.20% | 0.00% | |
| Industrial-Def | ||||||
| A- | (GD) | Gen Dynamics | 196.03 | 150.3 | 2.10% | 1.30% |
| A- | (LMT) | Lockheed Martin | 371.67 | 293.33 | 1.90% | 1.30% |
| Industrial | ||||||
| A+ | (MMM) | 3M | 197.94 | 161.91 | 1.20% | 0.90% |
| BBB- | (TRTN) | Triton | 52.79 | 50.27 | 0.90% | 0.50% |
| A+ | (CMI) | Cummins | 232.1 | 89.55 | 0.60% | 0.40% |
| A- | (UNP) | Union Pacific | 218.76 | 75.04 | 0.60% | 0.30% |
| (SBLK) | Star Bulk Carrier | 19.03 | 19.97 | 0.50% | 0.40% | |
| (DAC) | Danaos Corp | 67.39 | 59.05 | 0.20% | 0.10% |
The energy sector list below shows HMLP, unfortunately. Its price plummeted when it cut the dividend to 1c from 44c. Luckily it was only 0.5% PV, and quickly became 0.1% after selling 25% to decrease some risk. Selling some and the cut decreased 2021% income from 1% down to 0.4%. WoF had mentioned not to be adding on as they were watching it for the next earnings report to determine the next price target. Unfortunately, most everyone was taken by surprise by the extent of the cut and trust in management has now been lost by most, thus I doubt it will be kept into 2022. Sorry to all that might have been hurt by this one, but kudos to those that left before the cut.
| Sector/S&P | Company | 07/30/21 | Rose | 2021 | 2021 | |
| Credit Rating | Ticker | Name | Pr/Sh | Cost/Sh | % PV | E%Inc |
| Energy | ||||||
| BBB+ | (ENB) | Enbridge | 39.35 | 34.45 | 2.40% | 3.80% |
| (TGP) | Teekay LNG | 14.49 | 12.02 | 1.90% | 3.40% | |
| BBB | (VLO) | Valero | 66.97 | 74.39 | 0.90% | 1.20% |
| AA- | (XOM) | Exxon Mobil | 57.57 | 84.87* | 0.80% | 1.10% |
| A+ | (NYSE:RDS.B) | R Dutch Shell | 39.55 | 57.32 | 0.60% | 0.60% |
| AA- | (CVX) | Chevron | 101.81 | 68.84 | 0.40% | 0.60% |
| BB- | (OXY) | Occidental | 26.1 | 41.78 | 0.10% | 0.00% |
| (HMLP) | Hoegh LNG | 5.48 | 9.85 | 0.10% | 0.02% | |
| Material | ||||||
| BBB- | (LYB) | LyondellBasell | 99.33 | 68.65 | 1.90% | 2.00% |
| BBB | (NEM) | Newmont Mining | 62.82 | 58.91 | 0.90% | 0.80% |
| (AEM) | Agnico Eagle Mine | 64.68 | 68.13 | 0.40% | 0.20% | |
| BBB- | (KGC) | Kinross Gold | 6.56 | 7.56 | 0.30% | 0.10% |
| BBB | (GOLD) | Barrick Gold | 21.77 | 22.03 | 0.20% | 0.10% |
| (SILJ) | SIlver Jr Mining Etf | 14.37 | 14.86 | 0.20% | 0.10% | |
| (SLVP) | ETF Silv/Met Etf | 14.77 | 15.46 | 0.20% | 0.10% | |
| BB+ | (AU) | AngloGold Ashanti | 20.05 | 19.42 | 0.20% | 0.00% |
| (VEDL) | Vedanta Ltd | 16.03 | 8.78 | 0.20% | 0.00% | |
| Finance | ||||||
| (ARDC) | Ares Bond Fund | 15.86 | 14.85 | 0.80% | 1.50% | |
| BB+ | (NYCB) | NY Comm BanC | 11.78 | 10.11 | 0.40% | 0.40% |
| A- | (MET) | MetLife | 57.7 | 49* | 0.10% | 0.10% |
| Fix-Bond | (STWD-b) | STWD Bond | 1.05 | 0.8834 | 0.70% | 0.80% |
Below in the chart, RE = Real Estate. The first 3 listed are healthcare and are considered defensive for the portfolio defensive goals. SPG just announced a second dividend raise of 10c for year-end to $1.50. It is not included in the statistics here, but I wanted to share the news.
The high yield or “HY” finance sector below has 7 “BDC”s or business development companies listed first and 1 mortgage REIT or “mREIT” listed last.
| Sector/S&P | Company | 07/30/21 | Rose | 2021 | 2021 | |
| Credit Rating | Ticker | Name | Pr/Sh | Cost/Sh | % PV | E%Inc |
| RE-H-Care | ||||||
| BBB- | (OHI) | Omega Healthcare | 36.28 | 36.87 | 1.40% | 1.30% |
| BBB+ | (VTR) | Ventas | 59.78 | 56.7 | 0.80% | 0.60% |
| BB+ | (MPW) | Medical Prop Trst | 21.03 | 20.29 | 0.20% | 0.10% |
| Real Estate | ||||||
| A- | (SPG) | Simon Property | 126.52 | 106.51 | 2.20% | 2.20% |
| BBB | (WPC) | WP Carey | 80.69 | 68.74 | 1.70% | 1.90% |
| BB- | (IRM) | Iron Mountain | 43.76 | 30.05 | 1.20% | 2.10% |
| (DBRG) | DigitalBridge | 6.96 | 3.39 | 0.50% | 0.00% | |
| BBB+ | (NNN) | Nat Retail Prop | 48.87 | 35.53 | 0.50% | 0.50% |
| (MAC) | Macerich | 16.3 | 27.86 | 0.30% | 0.30% | |
| Financials | ||||||
| BBB- | (ARCC) | Ares Capital | 19.97 | 14.25 | 1.40% | 2.60% |
| (PFLT) | Pennant Float | 12.97 | 11.53 | 1.30% | 2.70% | |
| BBB- | (NMFC) | New Mt. Fin | 13.36 | 13.13 | 1.10% | 2.50% |
| (CGBD) | TCG BDC | 13.25 | 13.53 | 0.90% | 2.20% | |
| (TCPC) | BlackRock TCP | 14.27 | 13.78 | 0.80% | 1.50% | |
| BBB- | (FSK) | FS KKR Cap | 20.99 | 25.32 | 0.70% | 1.80% |
| (PTMN) | Portman Ridge | 2.34 | 2.15 | 0.70% | 1.30% | |
| mREIT | (TWO) | Two Harbors | 6.41 | 10.14 | 0.30% | 0.80% |
| Fix-Preferred | ||||||
| (TGP-b) | Teekay-pref-b | 26.95 | 21.68 | 1.20% | 2.30% | |
| (CEQP-) | Crestwood LP Prf | 9.54 | 5.94 | 0.30% | 0.60% | |
| Total | 97.61% | 98.26% | ||||
| SOLD | Income | 1.74% | ||||
| TOTAL Income | Total | Income | 100% | |||
| CASH/Opt | 2.39% | |||||
| TOTAL | 100% | 100% |
SOLD refers to stocks sold with income that has been recorded already for the year. Cash/O = cash and put options that compose 2.39% of PV.
The next chart shows sector totals with the defensive listed first in bold print. The last column shows estimated 2022 % income.
Abbreviations used are:
#Co = Number of companies in each sector
Cons-S = Consumer Staples
H-Care = Healthcare
Com-T = Communication/ telecom
Ute = Utility
Ind-Def = Industrial Defensive
Cons- D= Consumer discretionary
Fix Bond = fixed income bond
RE = Real estate
RE-Hc = Real estate healthcare
BDC-mR = business development company (7) + mortgage REIT (1)
Fix-Pref = fixed income preferred
| #Co | Defense | % PV | % 21 Inc | % 22 Inc | |
| 12 | Cons-S | 11.70% | 10.40% | 10.73% | |
| 14 | H-Care | 19.80% | 15.30% | 16.16% | |
| 5 | Com-T | 6.70% | 9.50% | 7.82% | |
| 8 | Ute | 11.70% | 9.40% | 10.36% | |
| 1 | Fix bond | 0.70% | 0.80% | 0.73% | |
| Sub Total | 50.60% | 45.30% | 45.79% | ||
| 2 | Ind-Def | 4.00% | 2.60% | 2.65% | |
| 3 | RE-Hc | 2.40% | 1.90% | 3.19% | |
| Total Defense | 57.00% | 49.80% | 51.63% | ||
| 5 | Tech | 5.30% | 2.30% | 2.31% | |
| 4 | Cons- D | 3.20% | 1.60% | 1.55% | |
| 6 | Industrial | 4.00% | 2.50% | 3.25% | |
| 9 | Material | 4.40% | 3.30% | 3.42% | |
| 3 | Fin/Funds | 1.40% | 2.00% | 2.08% | |
| 8 | Energy | 7.20% | 11.20% | 10.75% | |
| 6 | RE-eReit | 6.40% | 7.00% | 6.63% | |
| 8 | BDC-mR | 7.20% | 15.60% | 15.60% | |
| 2 | Fix-Pref | 1.50% | 2.90% | 2.80% | |
| 96 | Total | 97.60% | 98.30% | 100.00% | |
| SOLD | 1.70% | ||||
| Cash/O | 2.40% |
The goal is for minimum 50% income from defensive sectors and stocks. Adding recently the 2 industrial defensive stocks LMT and GD along with the RE healthcare stocks to the total; I will meet that goal this year. My fingers are crossed for it to continue as planned into 2022. SOLD refers to stocks sold and that income has been recorded already for the year. Cash/O = cash and put options that compose 2.4% of PV.
Portfolio Value - “PV”
Year to date PV is up 16% for this mostly quality dividend paying diversified portfolio of value stocks. There are very few growth stocks with this portfolio being primarily for income. July value was up only 0.58% from June as expected, as I sold some losers last month. The fall in value for HMLP also hurt some. I reiterate there is also ~2.4% of value tied up in cash and put options.
Portfolio Income
Income was up 14.8% from July 2020 and 4.8% from this January. 24 companies paid dividends compared to 28 from April Q2. July dividend income was down 2.7 % with some of that decrease perhaps coming from fewer companies paying. The following were sold:
- Covanta (CVA), an industrial dealing in recycling waste.
- Colony preferred G is now extinct, as it was called July 15th at $25.
- NGL Energy (NGL.PB) has a suspended payment, so I sold as revealed in the July transaction section.
Some income was replaced from adding more DNP, a utility fund, and monthly payer with 7.8% yield.
Portfolio income goal of 4% was met with it being 4.18% and that was even with a rising PV.
July Dividends -24
The 4 companies with raises are noted in bold print.
| 2021 | STOCK | Dividend | $ Yearly | Divi % | |
| JULY | Ticker | per share | Dividend | Yield | Comment |
| 1 | PFLT | 0.095 | $1.14 | 8.80% | Monthly pay |
| 1 | KO | 0.42 | 1.68 | 2.9 | |
| 1 | VIAC | 0.24 | 0.96 | 2.3 | |
| 1 | GPC | 0.815 | 3.235 | 2.5 | |
| 2 | KMB | 1.14 | 4.49 | 3.3 | |
| 2 | FSK | 0.6 | 2.4 | 11.4 | steady for now |
| 6 | IRM | 0.6185 | 2.474 | 5.7 | |
| 7 | MRK | 0.65 | 2.6 | 3.4 | |
| 9 | MO | 0.86 | 3.44 | 7.2 | raise due next in Oct |
| 12 | PM | 1.2 | 4.87 | 4.9 | raise due next in Oct |
| 12 | DNP | 0.065 | 0.78 | 7.4 | Monthly pay |
| 14 | MDLZ | 0.315 | 1.295 | 1.9 | Oct raise to 35c announced |
| 14 | VTR | 0.45 | 1.8 | 3 | no raise yet |
| 15 | BCE | 0.7253 | 2.81 | 5.6 | raise from .7015 |
| 15 | WPC | 1.05 | 4.2 | 5.2 | raise from 1.048 |
| 15 | CGBD | 0.32 | 1.28 | 9.5 | regular dividend |
| 15 | CGBD/s | 0.04 | .13 spec | 10.4 | with Special yield = 10.4% |
| 15 | CAH | 0.4908 | 1.95 | 3.3 | raise from .4859 |
| 15 | OXY | 0.01 | 0.04 | 0.1 | Hopeless ? |
| 15 | TGP.PB | 0.5313 | 2.125 | 7.7 | fixed preferred |
| 20 | XEL | 0.4575 | 1.8025 | 2.7 | |
| 23 | SPG | 1.4 | 5.4 | 4.3 | Raise from 1.3 & next 1.5 |
| 28 | CSCO | 0.37 | 1.47 | 2.5 | |
| 29 | TWO | 0.17 | 0.68 | 10.6 | managing to pay |
| 30 | ARDC | 0.0975 | 1.17 | 7.4 | Pays Monthly |
CGBD also continues to pay a special dividend, that many don’t know about, but now you do.
I never really know if BCE raises or not as it is Canadian and there is a foreign exchange issue with the US $.
July Transactions
All transaction dates correspond with a price in that column. The comment column may include yearly dividend, estimated yield for the price paid and the cost for sell. It is not meant to be complete, just gives you ideas for your own investing and further due diligence.
Some abbreviations used include:
WoF = Wheel of Fortune service.
Yr = year
Add On -19
Lots of activity and hopefully most of it self-explanatory with the comments.
| July | Type or | Buy/Sell | ||||
| Date/ Add On | Sector | Stock Name | Ticker | $Price | Misc Notes and | Comments |
| 1, 6, 8,14, 19 | Industrial | Star Bulk Carriers | SBLK | 21.25, 19.94, 19.9, 18.9, 16.88 | New 30c dividend /Q | 6% yield/ WoF idea |
| 6, 20 | Utility | Kenon Holdings | KEN | 32.65, 30.97 | Paid 1.86 Apr dividend | WoF Idea |
| 6 | Cons Staple | Kraft Heinz | KHC | 39.37 | very small buy | just rounding shares up |
| 7 | RE H-care | Medical Prop Trust | MPW | 20.3 | 1.12 dividend/year | Yield = 5.5% |
| 8 | RE H-care | Omega Healthcare | OHI | 36.39 | 67c dividend =2.68/yr | Yield = 7.4% |
| 8, 21 | Comm-Telecom | Vodafone | VOD | 16.48, 15.96 | Pays twice yearly sadly | Dividend 1.09 = 6.6% yield |
| 8, 19 | Industrial | Triton International | TRTN | 48.95, 47.32 | Dividend 2.28/yr now | Yield = 4.6% WoF idea |
| 9 | Financial-bank | NY Community Bank | NYCB | 11.31 | Dividend 68c/yr | Yield = 6% |
| 13 | H-care | Amgen | AMGN | 243.55 | Dividend $7.04 now/yr | Yield = 2.9% |
| 14 | H-care | Viatris | VTRS | 14.96 | 44c dividend/ year | Yield = 2.9% |
| 1, 16 | H-care | Walgreens BA | WBA | 49.58, 46.24 | $1.69 dividend/year | Yield = 3.6% |
| 16 | Energy | Valero Refining | VLO | 65.33 | Dividend $3.92/yr | Yield here = 6% |
| 16 | Cons D/ Tech | Innoviz Technology | INVZ | 10.11 | Option and idea WoF | AI tech converted Spac |
| 19 | H-care | AbbVie | ABBV | 114.11 | Great $5.20 dividend/yr | Yield = 4.6% |
| 20 | H-care | Bristol Myers Squibb | BMY | 66.53 | Dividend $1.96/yr | Yield = 2.9% |
| 22 | Material-Miner | Newmont Mining | NEM | 59.84 | Primarily Gold miner | $2.2 Dividend/ yield=3.7% |
| 23 | Material-ETF | Silver Jr. Miners ETF | SILJ | 13.38 | Inflation hedge WoF | small dividend & yield |
| 26 | Industrial | Lockheed Martin | LMT | 368.93 | Dividend $10.40 =2.8% yld | 9.8% 5yr DGR |
| 27 | Energy | Teekay LNG | TGP | 14.59 | Dividend 1.14 /yr | Yield = 7.8% |
Innoviz (INVZ) is now included in the portfolio total as I now have enough to mention. The shares were awarded from the sale of option puts. It was a SPAC or special purpose acquisition company involved in AI tech/ 3d visualization for almost any mechanical device. It currently holds special interest for vehicles, but is not limited to just that. It will be one to watch, wait, and hope for it to become recognized. It is primarily a speculation, small position size with no dividend. The price is down and might be time to get if you want a speculation.
Trims - 4
| July Trim | Type or | Buy/Sell | ||||
| Date | Sector | Stock Name | Ticker | Price | Misc Notes and | Comments |
| 16 | Cons Staple | General Mills | GIS | 59.8 | Cost 56.05 | replaced w/WBA |
| 19 | H-care | Johnson & Johnson | JNJ | 165.81 | $40/sh Tax gain C125.10 | have plenty left over |
| 27 | Com-T | ATT | T | 28.29 | Reducing Position size 7.7% | |
| 30 | Energy-shipping | Hoegh LNG | HMLP | 5.41 | Reducing Position Risk 25% | Cost 11.22 UGH. |
-JNJ
Healthcare, triple A rated JNJ is considering a split-off of its talc unit to protect the parent company from possible bankruptcy. The litigation represents more and more risk for this stellar company, therefore I was reducing position size down to 2.8% PV which is still generous.
-ATT is going through changes and will split next year with complete information still unknown, other than the now 7% yielding dividend will be reduced. I reduced position size by only 7.7%. Replacements were OHI for its defensive healthcare status and similar yield. Vodafone is also close in yield and resides in the same sector as T.
-General Mills is certainly quality, yet very boring with low dividend growth and the dividend was even frozen for a time. It was not a huge amount trimmed, nor is it a huge change, but I decided WBA might have more growth and certainly has a better dividend yield. I will continue to be buying WBA using options with hopes for future capital gains as well. Right now that is not looking so brilliant, but it definitely is undervalued.
-Hoegh LNG (HMLP) gave a huge slap in the face from management when it cut the dividend from 44c to 1c. Warning signs perhaps were there, but no one honestly expected that deep a cut. There seems no right answer here for what to do about it. I trimmed 25% of the position to decrease risk, hopes remain for some debt reduction plan and a share price rise of some sort, but ultimately I expect to fully exit this stock by 2022.
Sells -5
5 sells, that actually became 7.
| July Sold | Type or | Buy/Sell | ||||
| Date | Sector | Stock Name | Ticker | Price | Misc Notes and | Comments |
| 9 | Fin- Foreign | MSCI Taiwan ETF | EWT | 64.33 | Cost 52.03 Dec 2020/WoF | Held 6 mo+$12.3/share |
| 19 | Fin- Foreign | India CEF | IFN | 21.66 | Suggested sale WoF | Cost 20.30 |
| 19 | Fin- Foreign | VanEck Vietnam ETF | VNM | 18.66 | WoF idea; my idea to sell | Cost 16.67 |
| 23, 30 | Fix-Preferred | NGL Pref B | NGL-B | 14.2, 13.94 | time to say good bye | long term gains/ending bad |
| 29 | RE- Mall | Brookfield Prop Reit | BPYU | converted to shares of | BAM and BPYPM | Cost 18.59 |
| 29 | RE-Fin | Brookfield Asset Mangt | BAM | 54.73 | Received 12.38 /sh BPYU | sold equivalents |
| 29 | RE-Fin | Brookfld Preferred | BPYPM | 25.15 | +9BAM+6.5BPYPM/100sh | To = 18.94/sh |
Selling 3 foreign ETFs : IFN, EWT, and VNM.
WoF suggested selling IFN, the India fund and I just kept right on going, getting carried away, for right or wrong, and sold all the foreign funds I owned. The Fortune Teller, “TFT” did not say to sell the others. Surprise to him and to be clear, I did it all on my own. I do know, WoF will announce if and when it's time to sell the others, but I saw gains in them all and decided to harvest the cash. That’s about all I can say about my thinking, other than I liked doing it after owning them for only about 6 months. For now, IFN is still interesting and might become a buy again: so I will watch and wait.
NGL-preferred B (NGL.PB)
This preferred was bought initially in 2018 with a fixed payment and 7.5% yield. In Jan 2020, I sold some for profit at $26.10. Later in 2020, the price crashed and I added some back very cheaply under $10. All in all, I got really nice payments for many years with only now this ending with a suspended dividend in Q2. I watched it for a short time and have slowly been decreasing my risk by selling it off each quarter. Now it's all gone and I have moved on.
Brookfield Property REIT
BPYU, a real estate mall investment, converted for each 100 shares owned to 9 shares of (BAM) Brookfield Asset Management, 6.5 shares of (BPYPM) Brookfield Property Preferred and $12.38 in cash to equal ~ $18.94 total value, last I checked. This was a bit complicated as I had Aug options on the shares. As I did not want to wait, I bought the option back, for a bit of a loss and then waited for the conversion shares to appear. In all, I actually and happily broke even on cost. It paid 7% dividend yield for many years, which was very nice and is now sadly gone.
Buy -2
| July Buy | Type or | Buy/Sell | ||||
| Date | Sector | Stock Name | Ticker | Price | Misc Notes and | Comments |
| 12, 16, 19 | Material-Miner | Anglo Gold Ashanti | AU | 19.41, 19.53, 19.33 | dividend +pay date varies | WoF Idea |
| 19 | Industrial-Marine | Danaos Corp | DAC | 59.05 | $2 Dividend/yr | Cap gain buy |
AngloGold Ashanti (AU)
Inflation will continue and owning miners just seems right. The following is the summary of the operations of (AU) from Yahoo Finance: “AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars. The company operates ten operations and three projects in eight countries in South Africa, Continental Africa, the Americas, and Australia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.” 6 Yahoo analysts have a price target of $25.73.
WoF did a trading alert on July 12th to do a straight buy of AU @$19.42 and/or do a Jan 2022 $19 strike put for a premium of $2.15. I did both of those suggestions and also added more as shown in the chart above. The dividend is varied and unreliable, with a 48.1c dividend having been paid earlier this year. The yield is ~2.4% if that alone is what is paid this year. This is a very cyclical speculative stock, but its future as shown in the following FASTgraph “FG”. It shows nice forward estimates and growth. Not so sure for the dividend, but time will tell.
The following colors are what the lines represent in the chart below:
-Black is price and the actual figure is noted at the top of the chart by year
-White is the dividend and the actual value is noted at the bottom of chart by year
-Blue is the normal average P/E (price/earnings) and also is noted off to the right side of the chart
-Orange is the suggested Graham P/E and is also noted off to the right.
-Dark Green Area is a representation of the earnings with the actual value noted at the bottom of the chart by year. I generally ignore the light green area as it just is a representation of the dividend on top of earnings.
To sum this up, it shows that last few years have been terrific for earnings for this company, with 2020 to 2021 finally being quite large. 2022 also looks to have a 25% gain and all should go well if estimates prove to be true. I took a 0.2% PV position without the possible options being awarded, which will be fine if it happens.
Danaos Corporation (DAC)
This is an industrial sector marine container shipping company headquartered in Greece. It was a WoF idea in mid-June or July as a buy for ~ $66. As I already own another similar container stock Triton, I hesitated to get this one too. This article written in June by TFT was very encouraging so I just kept watching and watching it, until July 19th when the price fell below $60. I could not contain myself (pun intended) and added shares for $59.05.
Below is shown the FG chart which is somewhat strange, yet interesting. It goes back about 12 years for showing earnings listed at the bottom.
It most recently also started paying a dividend represented by the white line in the chart. Note that all estimates will be shown as dotted lines. The nice looking estimated earnings green bump up shown in the chart got me interested along with it starting a small dividend.
The price line is very hard to follow, at least for me, but back in 2014 or so this sold for a high of $109, with only earnings of $7.07 and no dividend. It now is showing earnings of $13.43, sits at ~ $65 with a dividend of 50c just started per quarter. Nice!
I have shortened up the number of years on the next chart shown below with estimated earnings to be $17.09 for 2022. The key figure here off to the left in the green box showing estimated earnings growth of 17.17%.
Will the dividend be safe? I think so, and it could even rise. I am liking it, but mostly the potential for the earnings and the price rise again to near $100+. I am pleased to have decided to get a 0.2% PV holding in this interesting fascinating shipping company with a bright future. Thanks TFT at WoF.
Summary/Conclusion
My goals for the portfolio are slowly falling into place for defensive income. The primary emphasis is for quality and value in all purchases along with safe reliable dividend payers. I admit to liking some speculation/ HY BDCs and will definitely continue to be diversified in all regards. Right now those HY investments are holding steady, but I will sell with any changing economic conditions. I give thanks to WoF ideas and TFT for his articles regarding economy, sectors, The Fed, and inflation. I have switched or trimmed some of the pure energy type stocks to MLPs and marine industrial transportation stocks as well as adding material sector stocks. LYB was one of the first added in Jan 2020 and it has been an amazing suggestion from WoF in all regards. Now, hopefully, inflation protective stocks such as miners will do just as well. Brad Thomas' articles and his service iREIT Alpha keep me tuned primarily to monitoring the RE sector holdings. TFT also helps in that regard and has kept his service subscribers steady with holding the BDCs. I do realize I am very good at analyzing common stock, but those RICs or regulated investment companies are another whole investing world in which I need and utilize the expert guidance given at the services.
Happy Investing to All!
Photo source from the author showing pink trumpet-shaped Weigela bush flowering. It is especially loved by hummingbirds that we enjoy when they visit it.
This article was written by
Rosenose is a retired healthcare professional and she has been managing her own investments for nearly 2 decades. She writes about stocks with growing dividends targeting a yield of 4+%.
She is a contributing author to the investing group Macro Trading Factory where she manages the Rose's Income Garden portfolio - a diversified portfolio with 80 stocks from all 11 sectors which targets rising safe income and capital maintenance. The service also has the Funds Macro Portfolio managed by the Macro Teller which aims to outperform the SPY market on a risk-adjusted basis. Both portfolios are easy to follow and have a focus on quality investments, risk management, and diversification. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABBV either through stock ownership, options, or other derivatives. 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.
I own all 96 stocks listed by sectors.
This is pure and simple my own investing portfolio managed by myself: Rose.
It is not meant as suggestions for anyone to follow, but offered as information only.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Comments (190)
Best to you and have a lovely Labor Day weekend!
Cara
Look for The Fortune Teller. His service is called WoF or Wheel of Fortune. seekingalpha.com/...
Working on my update:
Portfolio value is up 0.8% for the month....
Total PV is up 16.8% for the year...
surprising with gold being depressed and oil too.Dividends up :
11.15% from Feb 2021 (Q1 month #2)
30.5% from May 2021 (Q2 month #2)
8.83% from August (last month).
The big increases come from:
- getting PTMN payment on the 31st, I was expecting it in Sept... no complaint
- New payments from : OHI, OTRKP
- and getting the only 2x /yr VOD payment.
There was a horrible dividend cut from HMLP to 1c and only 1 raise... more information to come in the article.
I am reworking the Transaction chart and I probably won't publish anything until after this long holiday weekend.
I did sell 3 stocks completely , which have been removed on the profile page.
Add ons and trims were numerous.... hope to have it all updated soon and in a new format.
Have a delightful happy healthy weekend.
Rose :))
Thanks :)) Rose
seekingalpha.com/...
and dividend should be 10x more... hopefully.
September is notoriously a bad market month and coupling that with the Biden presidency crumbling, inflation and The Fed announcing less bond buying...
this market is for sure headed lower... could see some green days, but not real huge, before the real trouble starts.
Many pieces for that are falling in place.
The one new commodity is Bitcoin/cryptocurrency and many are fleeing there... beware, it has no backing, and unfortunately similar to the US $.
For now, the US $ is safe, but it is concerning.
This is just a word of warning and only my current belief. I can be wrong, but just wanted to share my current thinking:
I am thinking of trimming almost everything I can that seems over valued .... this is very hard for me to do, but I am and will. Today I sold out of CAH as it seems to be stalling and will not outperform for just too many years. It is in the taxable and actually has very low cap gains, so a good one to unleash.
Stocks in the Roth will be the ones I will trim the most, HD, GPC and I have already sold SJM this month. Not sure about MCD, but I am considering it too!
I will hold and hug quality dividend paying stocks....especially those that are already sitting at low valuations.
I can say, I should do it soon and hopefully can do it, but will give each and every stock a long look before trimming.
I will keep most real estate REITs, HY BDCs, (which may get some declines, as many have weathered March 2020 lows ). They live off of spreads and those can and should continue to be wide.
I am holding income stocks and value stocks and of course, the defensive holdings like utilities.... VERY important to me.
We should be able to buy back quite a lot when the real bottom happens... so having CASH is very wise for the end of this year.Beware of those growth stocks....and for now China is one scary place to be investing... JIMHO.
I do know China is a force to be watching, but there are other places to put my $.Good Luck and God Bless you all and America we need that help.
Rose
The incompetent withdrawal of troops before civilians is a tell all about Biden policy and his lack of empathy is shocking. God help us all !
I always check to see which investments you and I hold in common. I'm a little surprised to learn that this number currently consists of only 5 stocks: Pepsico, Master Card, Visa, McDonald's, and Union Pacific.
While I'm happy to see that some of your holdings have appreciated nicely, I note many have shown modest increases while more than a few, including some Blue Chip companies, can justifiably be categorized as laggards. I'm betting that over the L-O-N-G term you'll decide to sell some of your laggards, even if they have an attractive dividend yield.
I typically have approximately 40 stocks, ETFs, and REITS in my portfolio. My experience has been that only about 25% of what I've purchased over the years have proven to be BIG WINNERS. These, I'm happy to say, generally account for 45% or more of the value of my portfolio. They consist of my L-O-N-G term holds. I'm talking about Apple, Nike, UPS, Starbucks, Cintas, Amazon, Master Card, Visa, Extra Space Storage, ProLogis, and Union Pacific.
As a retiree, I'm especially interested in owning market leaders. They tend to be mostly growth companies. While I prefer owning companies that pay dividends I've never let them or the size of their yields become a deciding factor. I enjoy doing my homework and follow more investments than I own - a system which has kept me well informed about both up and coming companies as well as many traditional companies.
Rose, I like to think of myself as a qualified risk taker but am by no means someone who sees himself as a gambler. I'm focused, not greedy, and I have no interest in chasing the latest high flyers.
Going forward I hope to pick some new WINNERS. In that regard, I'm looking forward to learning more about what you own with a particular emphasis on consumer, consumer discretionary, and technology companies.
Happy investing!
Thanks for your comments, they are appreciated. Rose :))
I did not include it in my portfolio total as I knew it would be a short term holding. To everyone else WoF does lots of interesting options, so I will explain what Jim refers to: This was a Buy and write option play at the WoF on Investor's Bankcorp. As per the TA, We were to buy ISBC in August for $12.50/sh and sell $12.50 calls that were to end in June, just to cover the shares purchased. I can't quite recall when we did the roll moving it to Sept. It was called in early this past Friday before the Aug Monday ex-dividend date. The dividend is 14c.
The good news is that the premium was $99 the first time in Jun and with the roll to Sept, I got an additional $16 net as well as 2 dividend payments of 14c/share. This does mean I recieved ~ $13.94 /share while it was selling for 14.34. I made ~$1.44 per share in 6 months or ~ 25%.
Jim, I may have written the cost price received wrong in the chat so I will go fix that now... Thanks for making me take a second look.
Regardless, I am pleased with having done some profitable and interesting options at WoF with you and many others. :)) Rose
Trims: I hold 3 of your trims JNJ GIS T. No reason for me to trim at this time. I understand why you trimmed. JNJ and T are only 1% each and GIS is less than 1% of my positions. May add to GIS on further dip(bought before div freeze-div starting to rise again).
Sells: I never held any of your sells.
Add-on’s: I hold 4 of your adds ABBV BMY NYCB VTRS. Added twice to ABBV, once to BMY years ago. ABBV is getting cheap and BMY is starting to break out. NYCB for me is a hold, VTRS as a spin-off could be added.
Your other adds that look interesting to me: AMGN and MPW. You may recall last month I started a position in HTA and after that most interesting conference call late last week the price held in. Stay tuned for further news. As of now my add-on price is still under 27.
Look forward to your next update.
Yep, if GIS goes cheap again < = $50, I might consider it, but it needs to show it can keep or raise the dividend better. Thanks for reading and sharing. Rose :))
disclosed in detail. You have done an Excellente job
With disciplined acquisition cost basis. Noticed you added OHI.
My orig. cost basis 4 yrs ago was$27ish and sold after 2 yrs
on Trapper of Value guidance at $34.50 after being exhausted with operator issues. I am considering adding OHI back under $35 and also have partial position in SBRA at 7.5% divys. I got hit with initial diminutive position like in HMLP like you, am hoping some entity with cash will rescue with refinancing or buyout. Also have KNOP. I have more positions in multiple MLPs, RDS.B, BP, CVX. I also had BPYU at lower cost basis and were sad to see divys disappear, I sold my BPYU shares and did well redeploying assets, although your $18.90. O version proceeds was well done. Also our portfolios differ in my having multiple mortgage REITS and only RC in the BDC area, converted from ANH acquisition. Always enjoyed your prior comments on multiple author’s threads. Thanks from Baja Oklahoma.
Dividend Digging Armadillo
Thanks for reading and the nice comment. Rose :))
Thanks for your comments.
I have small partial positions in both MPW and DOC initiated 3-4 years ago. I always favored MPW over DOC, MPW 60%+ and DOC up 20%+ but never added to either position. SBRA up slightly with the 7.5%+ divy,
hold for stable yield.Have a full position in T, Discovery has better management on content side, but haven’t added to position, maybe below $26.50. Continued best in your investing endeavors and your monthly updates. Thanks again!
---- I still need to add a bunch I want, but are overvalued.
---- I trim the top when anything goes over my allotted position or becomes grossly overvalued.
---- I keep my winner core positions.
Rose's portfolio and system work just fine.
Did it really say to bankrupt the company itself? That's a very serious goal of plaintiffs.
I read somewhere that opioid scandals have been settled finally and I'm guessing JNJ will be on the hook for a few billions of dollars. Perhaps now they'll be tackling the talc mess...? Though in the litigation, I think the gameplan is to protract the process as long as possible.
www.reuters.com/...
They wanted to litigate them all, but the supreme court refused to hear the latest judgement of 2+ B and it fell back to lower court and they are stuck with paying it to about 22 women... so many others jumped on the $ train and now they have 30k or more trying to get $... its a mess.
Peeled some AXON up near 200- WRAP got to 9.00--SSTI the shot spotter company grew than stayed in a high range.... Taiwan semi- I still think China with Number XI-- is going to take over in 4 -5 years... sounds like what Hitler did to Austria and the CZECH republic -- added some to the miners for inflation concerns--- Hope Congress --- sigh-- never mind.. Number two son working to get his Coca-Cola freed from the grips of computer share- not a good
outfit for customer service--- lies and half truths-- twice they promised to call me in 48 hrs nope.
I eventually got all my shares evicted from computer share by allowing my broker to go get them. I had the proper paper work done and it worked well. Best to you and thanks as always for your support. Rose :))
