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Dividend Stock Investors
Posted on 1/2/17 at 10:43 am
Posted on 1/2/17 at 10:43 am
Do you subscribe to a service like those offered by Dividend.com? If yes, which one do you use and would you recommend it?
Posted on 1/2/17 at 4:37 pm to Soft_Parade
What service exactly. Will it make me as much money as they charge or are there other ways to achieve it. I only buy dividend stocks right now and don suscribe to them
Posted on 1/2/17 at 7:56 pm to oklahogjr
Be careful of buying just for a dividend. As rates rise these can get hurt.
Posted on 1/2/17 at 8:25 pm to Janky
I only buy companies I feel are a good value not considering dividends. Ideally this places the dividend as my safety margin
Posted on 1/2/17 at 10:29 pm to Soft_Parade
quote:
Do you subscribe to a service like those offered by Dividend.com?
no
Posted on 1/3/17 at 7:52 am to Soft_Parade
I just use Nasdaq to track ex div dates and payouts. I google it. There's no reason to do anything else.
Posted on 1/7/17 at 8:12 am to bayoubengals88
Thank you. This reply was helpful.
Posted on 1/7/17 at 9:11 am to Soft_Parade
I AM NOT A LICENSED FINANCIAL PLANER, BROKER OR ANYTHING ELSE
I use of simple analysis of stocks for my income portfolio.
1. first they should be listed in David Fish's dividend champion or contenders list. Link at seekingalpha.com
2. Their 3, 5, and 10 year growth in yield should be above 3% and consistent across the spectrum. Significant change should show increasing growth favoring the shorter time frame.
3. The current yield must be higher than their 5 year average yield.
4. The current price should be no more than 80% of the 1 year high.
5. Morningstar should rate their dividend safety at least 4* (Stars do matter LOL)
6. I limit higher yielding stocks like REITs, MLPs, to 30% of the portfolio.
7. Take dividends in cash so they are reinvested (if the wife doesn't spend them) when I want.
8. Finally start building the portfolio with some portion of your overall holdings five years before you need the income, if possible.
Example: last major purchase I made was JNJ at $90.00 yielding 2.75%. Due do dividend increase the yield on that money is now 3.55%.
I do maintain some flexibility in the criteria depending on yield. In other words, an MLP yielding 7% gets a little bit different analysis than say a JNJ yielding 2.5%
Now understand this is an income portfolio not a dividend portfolio. Current cash flow is the goal not necessarily portfolio value (total return).
Good fortune.
I use of simple analysis of stocks for my income portfolio.
1. first they should be listed in David Fish's dividend champion or contenders list. Link at seekingalpha.com
2. Their 3, 5, and 10 year growth in yield should be above 3% and consistent across the spectrum. Significant change should show increasing growth favoring the shorter time frame.
3. The current yield must be higher than their 5 year average yield.
4. The current price should be no more than 80% of the 1 year high.
5. Morningstar should rate their dividend safety at least 4* (Stars do matter LOL)
6. I limit higher yielding stocks like REITs, MLPs, to 30% of the portfolio.
7. Take dividends in cash so they are reinvested (if the wife doesn't spend them) when I want.
8. Finally start building the portfolio with some portion of your overall holdings five years before you need the income, if possible.
Example: last major purchase I made was JNJ at $90.00 yielding 2.75%. Due do dividend increase the yield on that money is now 3.55%.
I do maintain some flexibility in the criteria depending on yield. In other words, an MLP yielding 7% gets a little bit different analysis than say a JNJ yielding 2.5%
Now understand this is an income portfolio not a dividend portfolio. Current cash flow is the goal not necessarily portfolio value (total return).
Good fortune.
Posted on 1/7/17 at 9:23 am to ljhog
Just a suggestion to broaden your horizons a little. I like to buy CEFs at a discount which of course enhances your dividend. You can research them through Morningstar's Quickrank. I'm a value investor and mean reverter and I like getting them when the discount is more than normal. Just my 2 cents worth. Good luck.
Posted on 1/8/17 at 7:04 pm to bovine1
Agree, just didn't think the OP was interested in that type of investments. I dipped a toe in the pool with JFR. I like floating rates in a rising rate environment. Same for TSLX.
Also I considered FS Energy & Power fund. Not publicly traded and closed now. I really missed the boat on that one.
Also I considered FS Energy & Power fund. Not publicly traded and closed now. I really missed the boat on that one.
Posted on 1/8/17 at 9:26 pm to ljhog
I'm watching FEO. I actually have an order in but so far not filled.
Posted on 1/8/17 at 9:29 pm to bovine1
I owned JFR and BGT but I sold them before the election. I just checked Morningstar and JFR's discount has closed to .93%.
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