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Looking to Expand my Dividend Portfolio

Posted on 1/10/24 at 2:07 pm
Posted by CastleBravo
Dallas, TX
Member since Sep 2013
101 posts
Posted on 1/10/24 at 2:07 pm
With treasury yields temporarily waning until inflation skyrockets again, looking to expand my dividend portfolio to include a new stock/fund.

Currently have:
ET
JEPI
PM
WMB
MPLX
IRM
SO

I was thinking maybe:
SCHD

Just curious what are some other dividend stocks that people here like/recommend.

Thanks.
Posted by JL
Member since Aug 2006
3041 posts
Posted on 1/10/24 at 2:09 pm to
ARCC is my biggest holding as a dividend stock
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51628 posts
Posted on 1/10/24 at 2:35 pm to
I've been happy with MCD's dividend (over $1.50/share each quarter).
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8967 posts
Posted on 1/10/24 at 2:57 pm to
MO has raised their dividend annually for almost 4 decades.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71104 posts
Posted on 1/10/24 at 3:08 pm to
I always recommend OKE in these threads.

Oil and gas tend to be undervalued in price which means the dividend yield is higher.

CRWS is an under the radar stock. Price is lower than it should be given the dividend yield and the low debt load.

BLX is a Panamanian bank. Decent yield and gives you a hedge by including non US stocks.

NYCB still has a good yield. Jumped on them thanks to a Money Board tip during the banking crisis.
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1541 posts
Posted on 1/10/24 at 4:06 pm to
ABR
MO
KMI
Posted by makersmark1
earth
Member since Oct 2011
15857 posts
Posted on 1/10/24 at 4:35 pm to
BMY
VZ
MO
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
1993 posts
Posted on 1/10/24 at 6:03 pm to
ET
ARCC
TRIN
ARR
CLM
Posted by SmackoverHawg
Member since Oct 2011
27338 posts
Posted on 1/10/24 at 6:18 pm to
VLO
Posted by lynxcat
Member since Jan 2008
24151 posts
Posted on 1/10/24 at 7:50 pm to
Realty Income…ticker: O

I don’t own it but I have seen dividend lovers post about it.
Posted by RunningBlake
Member since Aug 2011
4106 posts
Posted on 1/10/24 at 8:29 pm to
OMF has done pretty well for me. It's high now though
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72671 posts
Posted on 1/10/24 at 8:30 pm to


PSEC
ORC
YYY
KBWD
NYMT
QYLD
FRO
PPT
RYLD
NUSI
PCF
CRF
XYLD
KYN
SVOL
TLTW-only when bonds are good
Posted by JL
Member since Aug 2006
3041 posts
Posted on 1/11/24 at 6:20 am to
I'm curious the strategy if you want a dividend stock to go with something in a single industry or a single stock that is much more volatile than something like ARCC, HTGC, PSEC
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 1/11/24 at 6:34 am to
FEPI. Recent ETF but it follows the big tech companies which is fantastic with AI being front and center for the next few years. Pays monthly and a nice div as well.
Inflows to the etf have been pouring in recently.
Here are the stocks in the etf and the percentage allocated:
NAME HOLDING ALLOCATION
Intel Corporation 6.99%
Micron Technology, Inc. 6.84%
NVIDIA Corporation 6.82%
Advanced Micro Devices, Inc. 6.80%
Netflix, Inc. 6.79%
Alphabet Inc. Class A 6.72%
Meta Platforms Inc. Class A 6.66%
Amazon.com, Inc. 6.52%
Salesforce, Inc. 6.39%
Microsoft Corporation 6.38%
Broadcom Inc. 6.27%
Tesla, Inc. 6.23%
Palo Alto Networks, Inc. 6.22%
Adobe Incorporated 6.07%
Apple Inc. 6.06%
This post was edited on 1/11/24 at 6:47 am
Posted by 632627
LA
Member since Dec 2011
12761 posts
Posted on 1/11/24 at 6:46 am to
quote:


MO has raised their dividend annually for almost 4 decades.



Is this accurate? Wasn't MO spun off around 20 years ago from a prior entity that was a global tobacco manufacturer, whereas MO has been domestic for the past 20 years.

I dumped MO recently as the stock price depreciation mitigated the dividends. I don't know how safe a 10% yield is. I'd much rather hold PM than MO.
Posted by Jag_Warrior
Virginia
Member since May 2015
4101 posts
Posted on 1/11/24 at 8:27 am to
quote:

ARCC is my biggest holding as a dividend stock


Yes, I’ve also owned that ticker for several years. Something that I try not to say (just because I don’t think that it’s psychologically healthy): of the dividend stocks that I own, this is the one that I wish that I owned more of - a lot more.
Posted by Jag_Warrior
Virginia
Member since May 2015
4101 posts
Posted on 1/11/24 at 8:36 am to
Yes, you’re correct. I’ve owned both. Initially I got in PM from the high 80s to the mid 90s. I collected the divs and sold covered calls for awhile, then let it be called away in the low 100s.

More recently, they’ve both been sold off by roughly the same percentage. And while I agree that one should definitely not chase dividends, I haven’t seen that MO’s is unsustainable given its cashflow.
Posted by dwr353
Member since Oct 2007
2130 posts
Posted on 1/11/24 at 11:42 am to
In ETFs I own SPYD and SPHD. In stocks, APA; D; PM; NEE; UPS; CVX; FMC; O; F; DVN; ENB; PFE; ETR; DUK; WFC; RF; BAC; TFC; VZ; and T. With the exception of funds, I try to allocate no more than 4 to 5% of my portfolio in any stock. All pay steady dividends and I dividend reinvest. As position gets over my limits, I rebalance and add another company. This works for me.
Posted by Crescent Connection
Lafayette/Nola
Member since Jun 2008
2024 posts
Posted on 1/11/24 at 12:47 pm to
ZIM currently has a dividend yield of 131%. Freight shipping based out of Israel.
Posted by CastleBravo
Dallas, TX
Member since Sep 2013
101 posts
Posted on 1/11/24 at 2:31 pm to
Thanks for the responses everyone.

This has given me a lot of information to drive some research.
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