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Seems Buffett, not Munger, first offered that quote. They both may have used it a few times over the years. I always look to see how stocks performed in the low tide years of 2008 and 2000.
I think I've been kicking tires for an REIT for 15 years. DLR certainly has performed well over the years. Yield is very small for a REIT that pays out almost all income.
LOL! Great quote
OK, never heard of ADES. RTX spinoff Carrier finally announced their initial div. CARR's yield is about 1.4% as I recall.
I've seen very very few div cuts in recent weeks, so I was surprised by WFC's announcement yesterday.
As Munger says, "When the Tide Goes Out, You Learn Who's Swimming Naked."
I need to replace ADES and GM. Current value near $150k.
I posted that MF piece only because it had detailed info on WFC's payout cut announcement yesterday. I have no bank stocks but WB sure likes them.
What stocks? "I need to replace some stuff that has eliminated their dividends."
So far..... only my small Boeing holding has eliminated or reduced its payout.
I HATE Wells Fargo, and I have about 5 accounts with them. They are one of the worst companies when it comes to customer service.
However, that article you posted says they have 10 great dividend stocks. Of course, as Motley Fool typically does, they give you the fish hook with no bait. Can't see any of them.
"What You Need to Know About Wells Fargo Slashing Its Dividend"
https://www.fool.com/investing/2020/06/30/wells-fargo-will-slash-its-dividend-in-q3-heres-wh.aspx
Anyone have any good value dividend stocks right now? I need to replace some stuff that has eliminated their dividends.
Three Steps to Protect Your Retirement from Coronavirus Market Swings
https://money.com/coronavirus-protect-retirement/?utm_source=facebook.com&utm_campaign=money_moneymagazine&utm_medium=social&fbclid=IwAR2CmOuZH9tEjC7A9H81llZGNFLtQhsLG33IGENaF11f_wp7pjilwKUFdnA
Couldn't get the numbers to post here, but I've owned this one in the past and total return sucks vs it's index.
https://finance.yahoo.com/quote/GYLD/performance?p=GYLD
This ETF Yields 10% and Cuts You a Check Every Month:
https://dailyinvestingadvice.com/this-etf-yields-10-and-cuts-you-a-check-each-month/
Goldman says buy dividend stocks amid diving yields
PUBLISHED AN HOUR AGOUPDATED AN HOUR AGO
Yun Li
@YUNLI626
KEY POINTS
“With the 10-year Treasury yield at just 1.5% and the Fed likely to cut two more times this year, investors should look for opportunities in dividend stocks,” says David Kostin, Goldman’s chief U.S. equity strategist.
The S&P 500 dividends rose by 9% in the first and second quarters this year, Goldman says.
AT&T, Kohl’s and data storage company Seagate Technology all sport a dividend yield of about 6%, Goldman notes.
https://www.cnbc.com/2019/08/19/goldman-says-buy-dividend-stocks-amid-diving-yields.html
Added more NGL ;ast week with a little help from the DIVY
NGL Energy Partners LP
July 23, 2019 5:52 PM EDT
NGL Energy Partners Announces Quarterly Cash Distribution
TULSA, Okla. --(BUSINESS WIRE)--Jul. 23, 2019-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended June 30, 2019 . This cash distribution is payable on August 14, 2019 to common unitholders of record at the close of business on August 7, 2019 .
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission . Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL logistics and refined products/renewables. For further information, visit the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL Energy Partner LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005995/en/
Source: NGL Energy Partners LP
NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
Trey.Karlovich@nglep.com
or
Linda Bridges, 918.481.1119
Senior Vice President – Finance and Treasurer
Linda.Bridges@nglep.com
NGL Divy news should out this week .39 for sure Money in the Bank
ABR Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share
8:21 am ET May 10, 2019 (Dow Jones) Print
Press Release: Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share
Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share
Company Highlights:
-- GAAP net income of $0.26 and AFFO of $0.33 per diluted common share1
-- Declares a cash dividend on common stock of $0.28 per share, a 4%
increase in our dividend from last quarter and 12% higher than a year ago
-- Issued $90.0 million of 5.75% senior unsecured notes due in 2024
Agency Business
-- Segment income of $13.1 million
-- Loan originations of $845.9 million
-- Servicing portfolio of $18.88 billion, up 2% from 4Q18 and 13% from a
year ago
Structured Business
-- Segment income of $15.0 million
-- Portfolio growth of 4% on $416.3 million of loan originations
UNIONDALE, N.Y., May 10, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the first quarter ended March 31, 2019. Arbor reported
WMB Williams declares $0.38 dividend
Williams (NYSE:WMB) declares $0.38/share quarterly dividend, in line with previous.
Forward yield 5.63%
Payable June 24; for shareholders of record June 7; ex-div June 6.
See WMB Dividend Scorecard, Yield Chart, & Dividend Growth.
NGL Energy Partners Announces Quarterly Cash Distribution
TULSA, Okla.--(BUSINESS WIRE)--Apr. 24, 2019-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended March 31, 2019. This cash distribution is payable on May 15, 2019 to common unitholders of record at the close of business on May 7, 2019.
Additionally, the Board of Directors declared a distribution for the quarter ended March 31, 2019 to be paid to the holders of the Class A Preferred Units according to the terms outlined in the Partnership Agreement. The Class A Preferred distribution will also be made on May 15, 2019.
http://www.nglenergypartners.com/investor-relations/press-releases/
Just got an offer to buy out my BPY between $19-21.
NGL Energy Partners LP Announces Third Quarter Fiscal 2019 Financial Results
6:35 am ET February 11, 2019 (BusinessWire) Print
NGL Energy Partners LP (NYSE:NGL) ("NGL," "our," "we," or the "Partnership") today reported net income for the quarter ended December31, 2018 of $110.5 million, compared to net income of $56.8 million for the quarter ended December31, 2017.
Highlights include:
-- Adjusted EBITDA for the third quarter of Fiscal 2019 was $132.6 million, compared to $122.6 million for the third quarter of Fiscal 2018; Fiscal 2019 year-to-date Adjusted EBITDA totals $308.3 million
-- Confirms Fiscal 2019 Adjusted EBITDA guidance of $450 million
-- Reduced indebtedness by $462.8 million since March 31, 2018 and significantly improved leverage
-- Redeemed all of our $367.0 million of outstanding 6.875% Senior Notes due 2021 in October 2018 and expects to redeem all outstanding 5.125% Senior Notes due 2019 in March 2019
-- Received approval from lenders to repurchase up to $150 million in common units
-- Growth capital expenditures and other investments totaled approximately $113.2 million during the third fiscal quarter and $303.6 million during the nine months ended December 31, 2018
-- Completed the sale of our Bakken saltwater disposal business for $91 million in gross cash proceeds on November 30, 2018
-- Entered into definitive agreements to sell our South Pecos water disposal assets for $238.8 million and to purchase DCP's natural gas liquids terminal business, both of which are expected to close by March 31, 2019
"We are pleased to announce another strong quarter of results with Adjusted EBITDA for the fiscal third quarter growing to $132.6 million. We are reaffirming our Adjusted EBITDA guidance of $450 million for this fiscal year. The steps we have taken over the past year to focus our business strategy and improve our balance sheet are clearly reflected in our financial results," stated Mike Krimbill, NGL's CEO. "Our compliance leverage is below our 3.25x target while our distribution coverage is improving and we expect will continue to do so. We now have the means and the authority to repurchase a significant amount of our own equity should the opportunity present itself, but we will remain prudent in our allocation of capital and management of our balance sheet. We are focused on delivering significant value to our unitholders now and in the foreseeable future."
CLX Clorox declares $0.96 dividend
Clorox (NYSE:CLX) declares $0.96/share quarterly dividend, in line with previous.
Forward yield 2.48%
Payable May 10; for shareholders of record April 24; ex-div April 23.
See CLX Dividend Scorecard, Yield Chart, & Dividend Growth
BIF-Brookfield Infrastructure Partners declares $0.5025 dividend
Feb. 6, 2019 6:49 AM ET|About: Brookfield In... (BIP)
Brookfield Infrastructure Partners (NYSE:BIP) declares $0.5025/share quarterly dividend, 6.9% increase from prior dividend of $0.47.
Forward yield 5.24%
Payable March 29; for shareholders of record Feb. 28; ex-div Feb. 27.
See BIP Dividend Scorecard, Yield Chart, & Dividend Growth.
Visit the ETF Screener and select the right ETFs for your
Press Release: NGL Energy Partners LP Announces Timing of Fiscal 2019 Third Quarter Earnings Release and Conference Call (Monday, February 11, 2019 at 10:00 am CST)
4:45 pm ET February 1, 2019 (Dow Jones) Print
NGL Energy Partners LP Announces Timing of Fiscal 2019 Third Quarter Earnings Release and Conference Call
TULSA, Okla.--(BUSINESS WIRE)--February 01, 2019--
NGL Energy Partners LP (NYSE:NGL) plans to issue its fiscal third quarter ended December 31, 2018 earnings press release pre-market open on Monday, February 11, 2019. Members of NGL's management team intend to host an earnings call following this release on Monday, February 11, 2019 at 10:00 am CST to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 9478607. An archived audio replay of the call will be available for 7 days beginning at 10:00 am CST on February 12, 2019, which can be accessed by dialing (855) 859-2056 and providing access code 9478607.
An updated investor presentation will be posted on NGL's Investor Relations website at www.nglenergypartners.com/investor-relations/presentations after the filing of the Partnership's Quarterly Report on Form 10-Q.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL logistics and refined products/renewables. For further information, visit the Partnership's website at www.nglenergypartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190201005477/en/
CONTACT: Trey Karlovich (918) 481-1119
Executive Vice President, Chief Financial Officer
Trey.Karlovich@nglep.com
or
Once upon a time I made great money in propane stocks. However, I'm not convinced this is the time to get back in.
JMO, of course.
SPH-Suburban Propane Partners declares $0.60 dividend
Suburban Propane Partners (NYSE:SPH) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 10.62%
Payable Feb. 12; for shareholders of record Feb. 5; ex-div Feb. 4.
See SPH Dividend Scorecard, Yield Chart, & Dividend Growth.
NGL Energy Partners Announces Quarterly Cash Distribution
6:30 am ET January 23, 2019 (BusinessWire) Print
NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2018. This cash distribution is payable on February 14, 2019 to common unitholders of record at the close of business on February 6, 2019.
Additionally, the Board of Directors declared a distribution for the quarter ended December 31, 2018 to be paid to the holders of the Class A Preferred Units according to the terms outlined in the Partnership Agreement. The Class A Preferred distribution will also be made on February 14, 2019.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL logistics and refined products/renewables. For further information, visit the Partnership's website at www.nglenergypartners.com.
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP Market Cap Index
Effective on January 24, 2019, NGL Energy Partners LP (NYSE: NGL) will replace ENLK as a constituent of the Index at ENLK's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
https://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-a-constituent-change-to-the-cushing-mlp-market-cap-index-300778234.html
Dividend Safety Scores: simplysafedividends.com
https://simplysafedividends.com/
The Ultimate Dividend Playbook: Income, Insight and Independence for Today's Investor by Josh Peters
amazon.com
https://www.amazon.com/Ultimate-Dividend-Playbook-Independence-Investor/dp/0470125128/ref=pd_sim_b_1
Something jicky about it. I wouldn't trust the company. Not sure why yet.
TGLS Tecnoglass declares $0.14 dividend
Tecnoglass (NASDAQ:TGLS) declares $0.14/share quarterly dividend, in line with previous.
Forward yield 7.23%
Payable Feb. 28; for shareholders of record Jan. 31; ex-div Jan. 30.
See TGLS Dividend Scorecard, Yield Chart, & Dividend Growth.
https://seekingalpha.com/dividends/dividend-news
NGL-Analyst: Outlook Positive for 'Water-Driven Turnaround Story'
Research Report
Source: Streetwise Reports (1/4/19)
This master limited partnership's presentation to analysts provided Raymond James with multiple reasons for long-term investment.
In a Dec. 20, 2018, research note, Raymond James analyst Justin Jenkins reported that following NGL Energy Partners LP's (NGL:NYSE) Analyst Day, which focused primarily on the company's water solutions segment, "we came away from our trip with increased conviction in the long-term story" and "we continue to believe ample long-term value [in NGL] exists."
In general, Jenkins noted, water solutions will keep driving cash flow for the limited partnership (LP) and "is propelling its ongoing efforts to right-size its capital structure and generate discounted cash flow per unit growth (along with enhancements to its other businesses, with notable success in the crude oil segment)."
Further, to supplement these operational improvements, management garnered about $1.8 billion in cash from sales of assets during the past year or so. "With both coverage and leverage improving due to these trends, and an attractive current yield, we continue to like the total return value proposition of NGL," he added.
Jenkins highlighted these points from his time spent with the LP's management:
1. The geographic area with the most significant growth opportunity for NGL is the Permian Basin, as it produces more water than any other basin. Its water:oil ratio is 3:1 or 4:1 versus that of other basins, at about 1:1.
2. NGL has a first mover advantage. For example, with its recently acquired ranch properties, it intends to provide integrated services to its potential exploration and production customers.
3. The economics of disposal wells seem attractive, with an average returned EBITDA of 60–65%.
Jenkins left Analyst Day "incrementally more positive on the water services platform NGL has built" and believes the business should be viewed as any traditional mainstream business is.
He commented briefly on NGL's other segments as well. With respect to crude oil logistics, he noted volumes on the Grand Mesa pipeline continue to be robust and are likely ahead of forecasts. "If volumes remain resilient, even in the face of the recent decline in oil prices, there could be upside potential to financials related to Grand Mesa."
Concerning the liquid logistics segment, competition in the space seems to be easing, according to management. "While commodity volatility remains, we still believe FY19 guidance is achievable and that upside potential actually exists for this business in the near-to-intermediate term," Jenkins wrote.
As for refined products, dropping commodity prices are reducing the working capital requirements for the segment, in which the MLP continues with operational improvements.
Finally, in the capital allocation division, "buybacks are a large part of the conversation," indicated Jenkins, adding that, looking forward, NGL should see "incremental optionality for deploying capital."
Jenkins concluded that "as NGL's integrated water solutions platform exhibits consistent execution and growth, coupled with the addition of unit buybacks, we believe the limited partnership's equity can bounce off its depressed multiples." NGL stock, on which Raymond James has an Outperform rating, is currently trading at around $10.54 per share.
streetwisereports.com
BPT -BP Prudhoe Bay Royalty Trust declares $1.0029 dividend
BP Prudhoe Bay Royalty Trust (NYSE:BPT) declares $1.0029/share quarterly dividend, -27.3% decrease from prior dividend of $1.3801.
Forward yield 15.92%
Payable Jan. 22; for shareholders of record Jan. 16; ex-div Jan. 15.
See BPT Dividend Scorecard, Yield Chart, & Dividend Growth.
Not sure what's up with this one, but it seems like we may see a bounce to $18.57 or so. Symbol is $BPY. Currently $16.07. $14.80 and I'd consider as a stop loss. JMO, of course.
An Income Seeker's Dream Rida Morwa
Jan. 1, 2019 10:33 AM
Summary
Today's market is an income seeker's dream.
The recent pullback was based on fears rather than fundamentals and unlikely to last.
The market will see a recovery, and good stocks always bounce back.
The equities are significantly undervalued today even if we factor in a bad case scenario.
Why I am loading up on high divided stocks and what I am buying.
Summary
I’m buying as much as I can right now because the fact is, the recent downturn is merely a temporary pullback based on fears and not supported by fundamentals, which remain very strong. This bull market will continue and good stocks always bounce back. A lot of money will be made by smart investors who buy now, not later - especially high-dividend stocks and funds. I will make the case in this report why high dividend stocks are set to lead the markets in 2019.
?The markets have been driven down by irrational investor fears in addition to selling by high-speed trading firms using artificial-intelligence-driven algorithm sell programs that get triggered when markets see big moves. This results in the market indices overshooting to the downside during such periods. I think that the market regulators should put an end to these notorious programs.
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What is important to investors now is to keep focused on the big picture. Most of the underlying fundamentals of the economy and the markets continue to be positive. This has been clearly confirmed by Fed Chairman Powell in his FOMC press conference on December 23, 2018:
I would just point to 2018 being a very strong year and the Committee looking forward to 2019 and still having what amounts to a positive forecast. We still are forecasting, individually, growth a bit above its longer-run potential—2.3 percent is what we’re forecasting. We’re forecasting that growth will be strong enough that unemployment will drop still further...
Of course, a GDP growth rate of 2.3% is very healthy. Let us also look at consumer spending which makes up for the bulk of the U.S. economy.
Retail sales in the U.S. continue to be resilient. In the Census Department’s most recent report, November saw retail sales increase by 4.2% on an annual basis. This is pretty significant and double the growth seen two years ago in 2016. And while sales gains are slightly off from recent highs seen in July at 6.6%, they are still very robust. Forward-looking surveys confirm that consumers are still confident about their spending, even during the past month’s market declines. The Bloomberg Consumer Comfort Index is at 59.4, significantly higher than last December's reading.
Business confidence also remains high, with businesses continuing to expand their investments to meet expected consumer demand. This is confirmed by the Federal Reserve Bank of New York’s Business Leaders Future Capital Spending survey which shows a reading of 34.2 significantly above the five-year lows of 24.70.
Finally, corporate earnings growth remains very strong and is still at its highest levels in decades. For the current quarter, the consensus is for earnings to grow at a fast pace of 14.1%.
So the market pullback is unlikely to last long as it is not supported by either macroeconomics or market fundamentals.
Short-Term Outlook for Equities
Based on our technical analysis, we published a report last Monday, December 24, 2018, predicting that A Market Bottom Could Be Very Near. Despite the nice rally we have seen since my article was published, here we should note that we are not out of the woods yet. We could see the markets move sideways and not necessarily in a "V" shaped recovery. What I am looking for is an up-trend which is technically defined by higher highs and higher lows on the charts but this can happen anytime now, which will confirm that a bottom has been formed.
What is needed is immediate good news such as a trade deal with China, a confirmation from the Fed that interest rate hikes will be further reduced again to a single or no rate hikes in 2019, or good corporate earnings for Q4 to have confidence in an ongoing resumption of the uptrend. In fact, President Trump reported Saturday that he had a "long and very good call" with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. That would be very bullish for equities.
Therefore, the month of January is pivotal. Not only we may get a trade deal confirmation, but we will also get more direction from the Federal Reserve (The next Fed meeting is due on Jan. 29-30). And of course we get the start of the new earnings season. What I will be looking for in this earnings season is the outlook for the coming quarters as the guidance is going to be crucial. I expect an overall strong guidance for the rest of the year which should also be a strong catalyst that could reverse the recent market declines and resume the long-term bull market uptrend.
More good news is that with the end of the month of December, the maximum pressure of year-end tax loss selling will be over. This should result in many stocks that were unfairly punished by this event to start seeing a nice recovery. This should happen as investors start picking up cheap "value" stocks created from this selling which has nothing to do with the fundamentals of these companies.
Longer Term Outlook
I would like to reiterate again that the stock markets are significantly undervalued todayeven if we assume that corporate earnings will be flat in 2019, which is an unlikely scenario. I remain bullish on equities for the year 2019 and the markets should see a resumption of the long-term bull cycle. Good stocks always bounce back. Still, I believe that market volatility will remain high throughout the year. In order to mitigate such volatility, investors are best served by being highly diversified across different sectors and by having a good allocation to quality stocks in defensive stocks and sectors. Some of the best sectors that can mitigate price volatility are Property REITs, Utility, and Healthcare. I would also recommend that investors get a good allocation to preferred stocks.
Why Dividend Stocks Will Lead the Markets Higher
As noted above, economic growth will remain strong but will decelerate in 2019. This isn’t too surprising considering the phenomenal GPD growth in 2018. For 2019, GDP growth in the United States is projected at 2.3%. That is still robust growth, but slower than 2018 growth rate of 3%.
Interest rate hikes will also decelerate. The Fed has reduced its rate-hike projections for 2019 from three increases to just two. Furthermore, the Fed left the door open for review of these rate hikes: this means that the actual number of rate increases next year might be zero. If we look at the 10-year treasury yields, they pulled back from 3.2% to 2.7%, meaning that investors are already factoring in both lower inflation and lower interest rate expectations.
This also means that there is a massive leadership change underway. Lower inflation and lower earnings growth coupled with lower interest rate expectations provide a very favorable backdrop for high-dividend stocks and sectors. So it will be imperative for income investors to identify those high-yielding stocks that can grow earnings and cover their dividends, even if economic growth slows. This is the kind of stocks we are currently targeting at High Dividend Opportunities and recommending to our investors.
With the 10-year treasury yields well below 3% and the dividend yield on the S&P 500 only 2%, high-yielding stocks of 6% and above will be in high demand. Yield-hungry investors will continue to pour into dividend stocks. Also, over the next few years, thousands of people in the United States and around the globe will reach retirement age and will be looking to re-allocate to high-dividend stocks. Increased demand over several years will lead to much higher prices. Soon, these great deals earning 8%, 9%, and 10% or more may just not be here. Today’s market is an income seeker’s dream. Instead of putting your money into low-return bank products, you can earn stable and high income despite any market volatility.
The aging population phenomenon is not only affecting the United States, but this is a global trend. Retirees across the globe are looking for yield, and there is no better place to invest than the United States.
For income investors and retirees, the pullback opens the door to lock in extremely generous yields. This Opportunity is not likely to last.
?
Source
What Am I Buying?
As stated above, investors are best served by being diversified across several sectors. I have been buying Property REITs, Utilities, Midstream MLPs, Business Development Companies, Preferred Stocks, and dividend growth stocks.
Some of our best ideas come in the Preferred Stock space. While preferred stocks seldom go on sale, market volatility has created some unique buying opportunities. Preferred Stocks have not recovered despite the fact that the Fed stated that there will be less interest rate hikes going forward and despite the pullback in treasury yields from 3.2% to 2.7% - a massive percentage-wise, yet many preferred stocks are offered at discounts not seen in the past 10 years. For income investors, the preferred stock space is one of the most defensive and conservative ways to get exposure to high-yield stocks. Because all the dividends on preferred shares have to be paid before any dividends can be paid to common shareholders, the dividend payment is also safer on preferred shares. Furthermore, preferred stocks carry substantially less price volatility than common shares, and thus can be more suitable for conservative investors and retirees.
Another sector that has sold off hard following severe tax-loss selling pressures is the Midstream oil & gas sector. This sector will be a prime beneficiary from the end of tax harvesting, and today offers one of the most compelling valuations, in addition to yields that we have never seen in the history of this sector. The midstream sector ETF (AMLP) currently yields 9.3% and many of the midstream CEFs offer yields well north of 12%.
Bottom Line
Continued robust economic data indicates investors' fears of a recession are overdone, meaning it’s only a matter of time before equities find their bottom, if they have not done so yet. Worries of a recession were mostly the result of concerns that the Fed's relentless tightening would bring the economic expansion to its knees. Since then, the Fed has moderated its views on rate hikes and the economic data has remained on very solid grounds. Given the intensity of the recent declines which are not supported by economic fundamentals, I would say that we are either very close to a bottom or possibly the bottom is already behind us. If the market does move lower, it is not going to be much more from here.
I would expect that the year 2019 will be the last year that the Fed will be able to increase interest rates, and we may even see rates starting to decline as soon as 2020 which will be very bullish for dividend stocks.
But no matter what happens in the very short term, I believe that the best defense remains a strong offense of fundamentally superior high-dividend stocks. Once the market settles, which it will, the +8% yielders currently offered on quality companies will be in very high demand. These unusually high yields that we are seeing today are unlikely to last long, and for those who are sitting on some dry powder, this is a unique opportunity to lock in these yields.
I am looking forward for 2019 with great optimism, and a lot of money will be made from these levels. Today's market is an income seeker's dream. I have been loading up on high dividend stocks for my own retirement account because this sale is not going to last long. Even at these low prices and if they go lower they are still steals. The full list of my holdings is shared with our members along with a report entitled "Our Best Picks for 2019."
Wishing you a very Happy and Prosperous New Year 2019!
Disclosure: I am/we are long THE “HIGH DIVIDEND OPPORTUNITIES” CORE PORTFOLIO + T + LRET + LADR + EPR + IRM + GLP-P + UMH-C.
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.
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NGL Energy Partners Initiated at Buy by Guggenheim $16.00
8:13 am ET December 4, 2018 (Dow Jones) Print
NGL Energy Partners Initiated at Buy by Guggenheim
Ratings actions from Benzinga: https://www.benzinga.com/stock/NGL/ratings
(END) Dow Jones Newswires
December 04, 2018 08:13 ET (13:13 GMT)
DJ NGL Energy Partners Price Target Announced at $16.00/Share by Guggenheim
Ratings actions from Benzinga: https://www.benzinga.com/stock/NGL/ratings
(END) Dow Jones Newswires
https://www.guggenheimpartners.com/
NGL,WPG & others Fredrick Arnold has another SA piece highlighting potential.
https://seekingalpha.com/article/4225552-81-pre-december-10-percent-yield-dividend-wallstars-boast-bullish-target-gains?ifp=0&app=1
Forbes article on state of the market and a comparison of the 2000 Tech bust to today’s market.
https://www.forbes.com/sites/vineerbhansali/2018/11/26/tech-crash-echo-its-beginning-to-feel-a-bit-like-2000/#61bb12fc282d
93 Energy Sector Target Upsides
NGL is the top company on this graph from SA author Frank Arnold's article.
link:
https://seekingalpha.com/article/4223095-93-energy-sector-target-upsides-range-0_8-percentminus-87-percent-per-november-wall-street?ifp=0&app=1
I have buying aload ever since unloading all my FB 400% gainer
NGL last Divy hit my account & it looks Good!
LADR Ladder Capital Corp Reports Third Quarter 2018 Results, Announces 4.6% Cash Dividend Increase and Declares Fourth Quarter 2018 Dividend to Holders of Class A Common Stock
4:29 pm ET November 1, 2018 (BusinessWire) Print
--GAAP disclosures for the third quarter:
--GAAP income before taxes of $84.7 million and diluted EPS of $0.67 Up from $29.2 million and $0.28 in the third quarter of 2017
--After-tax GAAP return on average equity of 20.0% Up from 8.3% in the third quarter of 2017
--GAAP book value per share of $13.82 at September30, 2018 Up from $13.43 at June 30, 2018
--Core (non-GAAP) disclosures for the third quarter:
--Core earnings of $63.4 million and core EPS of $0.59 Up from core earnings of $35.7 million and core EPS of $0.35 in the third quarter of 2017
--After-tax core return on average equity of 17.1% Up from 10.3% in the third quarter of 2017
--Undepreciated book value per share of $15.25 at September30, 2018 Up from $14.97 at June 30, 2018
--Operating and financing statistics for the third quarter:
--Declared a fourth quarter dividend of $0.57/share of Class A common stock, including $0.34 in cash and $0.23 in shares of Class A common stock, subject to stockholder elections The $0.34/share cash dividend reflects a 4.6% increase in the quarterly cash dividend rate, the sixth increase in four years, resulting in a $1.36/share annual cash dividend run rate
--Declared a third quarter dividend of $0.325/share of Class A common stock paid on October1, 2018
--Originated a total of $676.7 million of commercial mortgage loans, including $326.4 million of mortgage loans held for investment and $350.3 million of mortgage loans held for sale
--Received $113.4 million of net proceeds from sales of real estate resulting in a $63.7 million GAAP gain on sale
--Contributed $102.0 million of loans to 1 securitization transaction
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") today announced operating results for the quarter ended September30, 2018. GAAP income before taxes for the three and nine months ended September30, 2018 was $84.7 million and $200.5 million, respectively compared to $29.2 million and $85.2 million for the three and nine months ended September30, 2017, respectively. The favorable third quarter year over year earnings variance reflects higher gain on sale of real estate partially offset by lower realized gain (loss) on sale of securities and a higher provision for loan losses. The Diluted EPS for the three and nine months ended September30, 2018 was $0.67 and $1.61, respectively, compared to $0.28 and $0.74 for the three and nine months ended September30, 2017, respectively. After-tax GAAP return on average equity was 20.0% in the third quarter of 2018.
Core earnings, a non-GAAP financial measure, was $63.4 million for the third quarter of 2018, compared to $35.7 million earned in the third quarter of 2017. For the nine months ended September30, 2018, core earnings was $177.6 million compared to $118.4 million for the comparable period in 2017. The results of the three months ended September30, 2018 surpassed the comparable period in the prior year primarily due to higher gains on sales of real estate partially offset by higher provision for loan losses. Core EPS, a non-GAAP financial measure, was $0.59 for the third quarter of 2018 and $1.59 for the nine months ended September30, 2018, compared to $0.35 and $1.08 for the three and nine months ended September30, 2017, respectively. We believe core earnings and core EPS are useful in evaluating our earnings from operations across reporting periods as discussed in the Non-GAAP Financial Measures section of this earnings release.
In the third quarter of 2018, we sold 8 condo units and a portfolio of 4 single tenant commercial office properties located in St. Paul, MN for total net proceeds of $113.4 million. We acquired the office portfolio in September 2014 with a joint venture partner for an initial cash investment of $69.5 million and increased value through strategic capital improvements and lease extensions, selling the portfolio for a gross sale price of $113.5 million in September 2018. The sales of real estate during the quarter resulted in a GAAP gain of $63.7 million, although the core earnings impact of the sales was partially offset by accumulated depreciation and amortization, the portion of gain attributable to non-controlling interests in the joint ventures, and other transaction related expenses.
Dividend Announcement
Ladder today announced the declaration by its Board of Directors ("Board") of a fourth quarter 2018 dividend of $0.57 per share of Class A common stock.
This declaration reflects a 4.6% increase in Ladder's recurring quarterly cash dividend, effective in the current quarter, to $0.34 per share from $0.325 per share.
The fourth quarter dividend also includes an additional year-end distribution attributable to our 2018 REIT taxable income of approximately $0.23 per share of Class A common stock. As discussed below, the full fourth quarter dividend of $0.57 per share will be paid in a combination of cash and stock on January24, 2019 to stockholders of record as of the close of business on December10, 2018.
Stockholders may elect to receive the fourth quarter 2018 dividend in all cash, or all shares of Ladder's Class A common stock. Election forms and materials will be mailed to registered shareholders promptly after December10, 2018, and will be due by January 10, 2019. Stockholders who do not return an election form, or who otherwise fail to properly complete an election form, will be deemed to have elected to receive all shares of Ladder's Class A common stock.
In no event will any stockholder electing to receive all cash receive less than $0.34 per share of such stockholder's dividend in cash. The Board currently intends to continue paying a regular cash dividend of at least $0.34 per share in subsequent quarters, subject to business and market conditions and future Board approvals.
The total amount of cash payable to all stockholders will be equal to $0.34 multiplied by the total outstanding shares of Class A common stock as of December10, 2018 (the "Cash Amount"). If the aggregate amount of cash to be distributed to stockholders electing to receive the dividend in all cash exceeds the Cash Amount, then the Cash Amount will be prorated among such stockholders, and the remaining portion of the fourth quarter 2018 dividend will be paid to such stockholders in shares of Ladder's Class A common stock plus cash in lieu of any fractional shares.
The total number of shares of Class A common stock to be distributed pursuant to the fourth quarter 2018 dividend will be determined based on stockholder elections and the volume weighted average price per share of Class A common stock on the New York Stock Exchange for the three trading days after the date that election forms are due. Shares of Class A common stock distributed as part of Ladder's fourth quarter 2018 dividend shall accrue dividend and other benefits together with all other shares of Ladder's Class A common stock.
Portfolio Overview
The following table summarizes the book value of our investment portfolio as of the dates indicated below ($ in thousands):
September 30, 2018 December 31, 2017
--------------------------------------- ----------------------------------------
Loans
Balance sheet loans:
Balance sheet first mortgage loans $ 3,647,710 56.8 % $ 3,123,268 51.9 %
Other commercial real estate-related loans 157,677 2.5 % 159,194 2.6 %
Provision for loan losses (17,600 ) (0.3 )% (4,000 ) (0.1 )%
------------------ -------------- --- -------------------- -------------- --
Total balance sheet loans 3,787,787 59.0 % 3,278,462 54.4 %
Conduit first mortgage loans 375,162 5.8 % 230,180 3.8 %
--------------- -------------- --- ------------------ -------------- --
Total loans 4,162,949 64.8 % 3,508,642 58.2 %
Securities
CMBS investments 940,379 14.6 % 1,066,570 17.7 %
U.S. Agency Securities investments 36,682 0.6 % 39,947 0.7 %
Corporate bonds 1,228 -- % -- -- %
--------------- -------------- --- ------------------ -------------- --
Total securities 978,289 15.2 % 1,106,517 18.4 %
Real Estate
Real estate and related lease intangibles, net 1,000,010 15.6 % 1,032,041 17.1 %
--------------- -------------- --- ------------------ -------------- --
Total real estate 1,000,010 15.6 % 1,032,041 17.1 %
Other Investments
Investments in unconsolidated joint ventures 36,100 0.6 % 35,441 0.6 %
FHLB stock 57,915 0.9 % 77,915 1.3 %
--------------- -------------- --- ------------------ -------------- --
Total other investments 94,015 1.5 % 113,356 1.9 %
--------------- -------------- --- ------------------ -------------- --
Total investments 6,235,263 97.1 % 5,760,556 95.6 %
Cash, cash equivalents and restricted cash 84,913 1.3 % 182,683 3.0 %
Other assets 105,569 1.6 % 82,376 1.4 %
--------------- -------------- --- ------------------ -------------- --
Total assets $ 6,425,745 100.0 % $ 6,025,615 100.0 %
==== ========= ============== === ======= ========= ============== ==
Note: CMBS investments and U.S. Agency Securities are carried at fair value.
During the three months ended September 30, 2018, as part of our regular evaluation of the value of the underlying collateral of our loans, management identified one loan as potentially impaired. Based on our review, we recorded a $10.0 million specific loan loss provision related to this loan.
Liquidity and Capital Resources
On July 20, 2018, we executed an amendment of one of our committed loan repurchase facilities to extend the term of the facility to 3 years from the date of the amendment and to add a 1-year extension term during which new advances are not permitted.
On September 14, 2018 and September 28, 2018 we amended our revolving credit facility to add two 1-year extension options to extend the final maturity date to February 2023, reduce the drawn cost of funds by 0.25%, add an additional member in the lenders' syndicate, and increase the aggregate maximum borrowings under the agreement by $25.0 million to $266.4 million.
The following table summarizes our debt obligations as of the following dates ($ in thousands):
September 30, 2018 December 31, 2017
-------------------- -------------------
Committed loan repurchase facilities $ 751,971 $ 398,653
Committed securities repurchase facility 97,921 --
Uncommitted securities repurchase facilities 123,725 74,757
-------------------- -------------------
Total repurchase facilities 973,617 473,410
Revolving credit facility -- --
Mortgage loan financing(1) 743,225 692,696
CLO debt(2) 672,001 688,479
Participation financing - mortgage loan receivable 2,516 3,107
Borrowings from the FHLB 1,212,000 1,370,000
Senior unsecured notes(3) 1,154,274 1,152,134
-------------------- -------------------
Total debt obligations $ 4,757,633 $ 4,379,826
========= ========= ======== =========
(1) Presented net of unamortized debt issuance costs of $1.0 million as
of September 30, 2018.
(2) Presented net of unamortized debt issuance costs of $3.5 million and
$6.0 million as of September 30, 2018 and December 31, 2017,
respectively.
(3) Presented net of unamortized debt issuance costs of $11.9 million
and $14.1 million at September 30, 2018 and December 31, 2017,
respectively.
Conference Call and Webcast
We will host a conference call on Thursday, November1, 2018 at 5:00 p.m. Eastern Time to discuss third quarter 2018 results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available from 8:00 p.m. Eastern Time on Thursday, November1, 2018 through midnight Thursday, November 15, 2018. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 international, access code 13683758. The conference call will also be webcast though a link on Ladder Capital Corp
Newtek Business Services Raises Quarterly Dividend to $0.50
BY MT Newswires
— 10:23 AM ET 10/29/2018
10:23 AM EDT, 10/29/2018 (MT Newswires) -- Newtek Business Services ( NEWT) said Monday that the board has authorized a quarterly dividend of $0.50 per share, up from last quarter's distribution of $0.48 per share.
The dividend is payable on Dec. 28 to shareholders of record as of Dec. 18.
The company said that the payment of the dividend is in line with its 2018 annual dividend guidance of $1.80 per share, which represents an approximate 9.8% increase over the annual cash dividend of $1.64 per share last year.
MRK-Merck raises quarterly dividend by 15% to 55 cents a share, unveils $10 billion buyback
Merck & Co. Inc. MRK, -0.37% said Thursday it is raising its quarterly dividend by 15% to 55 cents a share. The new dividend will be paid Jan. 8 to shareholders of record as of Dec. 17. The board has also approved a share buyback program of up to $10 billion. Shares were not yet active premarket. The company is slated to report third-quarter earnings later Thursday. Shares have gained 25.4% in 2018, while the S&P 500 SPX, +1.63% has fallen 0.7%.
PG -Procter & Gamble (NYSE: PG) climbs 4.4% in premarket trading as fiscal Q1core EPS of $1.12 surpasses consensus estimate of $1.09, and the consumer-products giant says it's on track to meet top- and bottom-line targets for its fiscal year.
Q1 net sales of $16.7B, beating consensus by $220M, came in-line with a year ago as foreign exchange hurt sales by 3%.
Excluding forex impacts, acquisitions and divestitures, organic sales rose 4% driven by a 3% increase in shipment volume, and a 1% increase from positive mix impact on strong growth in beauty and fabric & home care categories. Pricing was neutral to the quarter.
Q1 Beauty segment organic sales rose 7% Y/Y, while Fabric & Home Care organic sales increased 5%.
For FY2019, P&G reaffirms organic sales growth guidance of 2%-3%.
Now expects all-in sales growth of down 2% to in-line from FY2018, including a headwind of 3-4 percentage points sales growth from foreign exchange.
Also maintains FY2019 core EPS growth of 3%-8% vs. FY2018 core EPS of $4.22.
Sees year adjusted free cash flow productivity of 90% or better.
Expects to pay more than $7B in dividends and repurchase up to $5B of common shares.
LXP out yesterday 8.27 very small gain
Expect Dividend Cut to $0.40-0.48/sh in April 2019. Execution
Risk. Watch and Wait. Maintain Sell.
• Lexington Property Trust is pulling off the band-aid with: 1) recently announced and expected office dispositions of over $1B, 2) re-investing a portion of the proceeds into industrial assets,3) de-levering, 4) possibly re-purchasing shares.
• While the merits of the strategy are obvious, the many moving pieces and overall execution risk causes us to maintain our Sell rating.
• We note that LXP is not owned by many of the REIT dedicated crowd, and is in the hands of many income oriented investors; active and passive. We are unsure as to when these shareholders become aware of the dividend adjustment and how they respond.
• While the dividend cut could push the stock lower, it could also provide LXP with an opportunity to increase their share re-purchase program
the U.S. corporate debt is now at an all-time high of over 45% of GDP..
https://scontent.fewr1-1.fna.fbcdn.net/v/t1.0-9/42338189_2308035912545586_3050781382780387328_n.jpg?_nc_cat=101&oh=ad58b689f67fd5f535690e8ec28dbe2a&oe=5C25D90B
https://www.forbes.com/sites/jessecolombo/2018/08/29/the-u-s-is-experiencing-a-dangerous-corporate-debt-bubble/#5e590210600e
I agree. Other than rising rents. My house has been paid for off for years but still costs me as much as apartment rent to maintain. Not to mention, Texas's ridiculously high home owner taxes.
The real estate industry, the banks and the government conned a lot of people, often youngsters, into thinking home ownership is a golden cow. "Buy now before it's too late." You saw what that led to in 2008 in places like Las Vegas and Florida.
I had a neighbor who moved from Las Vegas to my city. He still owns three homes there... all of them deep underwater. Plenty of IHUBers were RE flippers back then. Most disappeared by 2010.
Yields on apartment buildings nowadays are too low to interest me. Yep, repairs and tenants.
Much to be said for living in a nice apartment building.
Not a fan of owning real estate for many reasons. Although after many years of my mother owning a duplex, it finally paid off in the end. Of course the hassle of repairs and renters makes it not worthwhile to me.
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