Dividends

[fung_derf]

At some point in the very near future, T will be a great buy.

[fung_derf]

SUN looks like the perfect chart for covered call writing

[leftovers]

LOL thanks for the friendly reminder .. Defiantly not worth the time of day! Can't even write a covered call to protect yourself!


I just did SUN and it worked out perfect. DCP right before though didn't work out they assigned the stock but I made a tiny profit so no skin lost!

[fung_derf]

8:53 ET - Evangelos Marinakis, the founder and chairman of Capital Maritime Trading Corp, which operates more than 70 ships, is charged in Greece with alleged drug trafficking and financing a criminal enterprise. Court officials said Marinakis was charged for involvement in the Noor One tanker case, which was seized in the port of Piraeus in 2014 for smuggling approximately a ton of heroin after a tip by the US Drug Enforcement Agency. Another ton of heroin was later found hidden in an Athens warehouser. Marinakis, who denies the charges, also owns Greek soccer champions Olympiacos FC, English club Nottingham Forest and various Greek media outlets. Capital is traded on the Nasdaq as Capital Product Partners. ([e-mail]) (END) Dow Jones Newswires March 26, 2018 08:53 ET (12:53 GMT) Copyright (c) 2018 Dow Jones & Company, Inc.

https://www.bbc.com/sport/football/43527262

The businessman, who bought Forest in May 2017, is also facing trial after being accused of trying to fix football matches in Greece.

[leftovers]

That's what I meant to say-

They are merely factoring in the reverse split.

...and yes it is the company where the CEO was charged never did hear if he was convicted?

[fung_derf]

No, the dividend is the same. They are merely factoring in the reverse split.
Isn't this the company where the officers were caught shipping illegal drugs?

[leftovers]

Impressive CPLP RS the dividend too!

Capital Product Partners (NASDAQ:CPLP) declares $0.315/share quarterly dividend, 600% increase from prior dividend of $0.045.
Forward yield 11.39%
Payable May 15; for shareholders of record May 13; ex-div May 10.

[leftovers]

Icahn Enterprises (NASDAQ:IEP) declares $2.00/share quarterly dividend, in line with previous.
Forward yield 10.58%
Payable June 20; for shareholders of record May 13; ex-div May 10.

[leftovers]

On May 2, 2019, Caterpillar Inc. (the “Company”) issued a press release relating to an Investor Day conference it is hosting in Clayton, North Carolina. The Company announced in the press release, among other items, that its Board of Directors declared a quarterly cash dividend of $1.03 per share of Company common stock, payable on August 20, 2019 to shareholders of record at the close of business on July 22, 2019. The per share dividend of $1.03 is an increase of 20% from the previous quarterly dividend of $0.86 per share.

[leftovers]

Royal Dutch Shell (NYSE:RDS.A) declares $0.94/share quarterly dividend, in line with previous.
Forward yield 5.99%
Payable June 24; for shareholders of record May 17; ex-div May 16.

[leftovers]

Newtek Business (NASDAQ:NEWT) declares $0.46/share quarterly dividend, 15% increase from prior dividend of $0.40.
Forward yield 8.59%
Payable June 28; for shareholders of record June 14; ex-div June 13.

[leftovers]

LOL a great example of why not to do this! CVS up 3 dollars today on earnings trading at 57!

Thing is I accomplished what I set out to do with my strategy....

[leftovers]

I am doing this in my IRA and personal account. Yes the stock price drops the dividend amount but that is exactly why I am doing it so I can lock in that dip recovery and move on to the next trade!

I just recently bought CVS for the .50 dividend . My purchase price was 53.75 right after I made the purchase I sold a covered call with a 53 strike price for a credit of 1.80 so my ultimate sales price will be 54.80 when the stock is assigned plus I will be receiving the dividend of .50.


I sold the May 17 contract so in 16 days I have my money and dividend and ready for the next dividend capture. With CVS I see now I could have bought the weekly and been out sooner but I don't know if the credit would of been the same.


In the case here CVS has recovered and might go a little higher but I am happy to see the quick trade and collect the dividend.


I see two down sides on this. One is they can call the stock before Xdate but if it is short term and only one strike in the money the odds are low. Most people trade options for the option price increase not the dividend. Two the stock price could drop dramatically but you have a buffer and will receive the credit to lower your cost basis of the stock.


I am doing this with 2 positions so I can rotate in and out to collect quarterly dividends every month and sometimes it even works out to 2 times a month. so far my success rate is 90% much higher than the standard dividend capture rotation of less than 50%.

[fung_derf]

Interesting strategy, but of course the stock price will drop in line with the dividend so not sure the benefit there. Seems to me you'd want to do this in an IRA account, since the dividend taxes are higher.

[leftovers]

I am writing them at the money or one strike in the money so I lock in a little over my purchase price. You don't want to be too far in the money or they can take your stock before Xdate.


It could go down and if that is the case I would continue to write out of the money calls monthly or weekly to lower my cost basis. If they go up of course you miss out but I am doing it for the multiple dividend capture.



My criteria is for mostly blue chips paying between 3-7% So far I am 4 for 4 collecting 2 dividend underlying in the same month.


Much better that uncovered dividend capture where your lucky to get out in time to do this runs less that 50% .


I am going to experiment and fine tune it. I have a margin account but don't use margin but I have found that selling out of the money cash secured puts on some of these stocks in weekly options I can generate weekly income in addition to the dividend.


Also I can use my maintenance surplus in my account with out having to pay interest very interesting to say the least.

[fung_derf]

I am working with a new dividend capture strategy by writing covered calls when I purchase the stock so I can get out fast after receiving the dividend. It has worked on the last three trades so I am getting 2 quarterlies in the same month with the same money!

Hmmm, I'd have to consider this. Guess the risk is the stock runs up and you lose out on the gain. How far out of the money (or in the money are you writing?)
Or I guess the stock could tank if rumors of poor reporting was coming.

[leftovers]

The Board of Directors of Exelon Corporation [EXC] declared a regular quarterly dividend of $0.3625 per share on Exelon’s common stock. The dividend is payable on June 10, 2019, to shareholders of record of Exelon as of 5 p.m. New York time on May 15, 2019.

[leftovers]

Well I wouldn't buy too much but It's probably good for 5-10 upside from here and that is a nice juicy dividend that they keep raising.

I am thinking maybe 200 shares myself.

I am working with a new dividend capture strategy by writing covered calls when I purchase the stock so I can get out fast after receiving the dividend. It has worked on the last three trades so I am getting 2 quarterlies in the same month with the same money!

the happy trader!

[fung_derf]

I'd be afraid to jump into IBM right now.

[leftovers]

IBM (NYSE:IBM) declares $1.62/share quarterly dividend, 3.2% increase from prior dividend of $1.57.
Forward yield 4.66%
Payable June 10; for shareholders of record May 10; ex-div May 9.

[leftovers]

BP (NYSE:BP) declares $0.61S/ADS quarterly dividend, in line with previous.
Forward yield 5.72%
Payable June 21; for shareholders of record May 10; ex-div May 9.

[leftovers]

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 8.81%
Payable May 14; for shareholders of record May 8; ex-div May 7.

[leftovers]

DALLAS, April 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on May 15, 2019 to common unitholders of record on May 7, 2019.

[bar1080]

"AGNC dividend cut puts other mREITs on watch." "Watch" is putting it kindly. Whole sector is way off today.

https://seekingalpha.com/news/3454167-agnc-dividend-cut-puts-mreits-watch

[leftovers]

Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions of $0.18 Per Share

The following dates apply to the distributions declared:
Ex-Distribution Date Record Date Payable Date
May 16, 2019 May 17, 2019 May 30, 2019
June 14, 2019 June 17, 2019 June 27, 2019
July 12, 2019 July 15, 2019 July 25, 2019

[leftovers]

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable June 10, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 17, 2019.

[leftovers]

DCP Midstream (NYSE:DCP) declares $0.78/share quarterly dividend, in line with previous.
Forward yield 9.79%
Payable May 15; for shareholders of record May 3; ex-div May 2.

[leftovers]

Wells Fargo (NYSE:WFC) declares $0.45/share quarterly dividend, in line with previous.
Forward yield 3.81%
Payable June 1; for shareholders of record May 10; ex-div May 9.

[leftovers]

DEERFIELD, Ill., April 10, 2019 /PRNewswire/ -- The board of directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of eighty-six cents ($0.86) per share of common stock, payable May 20, 2019, to shareholders of record at the close of business on April 22, 2019.
Caterpillar has paid higher dividends to its shareholders for 25 consecutive years and, since 2009, the company's quarterly cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

[fung_derf]

Anyone ever consider this for income?

The (DOGS) concept is elegantly simple; the countries with the worst performance in a calendar year are likely to "revert to the mean," out-performing the rest of the world.

[bar1080]

Once I have a profit, in anything, it's Mine! Mine! Mine! And I don't like losing what's mine. OTOH, I'm convinced the biggest mistake investors make is selling quality stocks anytime they're up a few cents. (yet they hold losers forever!)

--
I see you now own Chevron. Probably a good more. Chevron came out of Standard Oil long, long ago. Guess what Standard Oil sold for in 1903? $738 a share

And it was probably the best thing your great grandfather could have brought back then. A 116 years of splits, spinoffs and fat divs.

[leftovers]

Of course mathematically all it did was lower my cost basis! It was still fun to see it added at a cost of zero!


I always love when the penny players start chanting they are on FREE shares when a position doubles and they sell half to take the original investment off the table. All the shares have a cost basis!


defiantly no Free lunches!

[bar1080]

If you got a stock dividend YOU paid for it, one way or another. I have received many spinoffs over the decades -- some quite good like Boeing -- but I paid for all of them.

Another variation on the ancient idea that there's no such thing as a "free lunch."

[Golden Cross]

7 Dividend Titans Trading Like Growth Stocks

Posted by D4L | Saturday, January 05, 2019 | ArticleLinks | 0 comments »
Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d want to own during a recession. That’s not a great development, particularly as investors dump FANG and multiple sectors into bear market territory. It has been an ugly showing to say the least, but can we get back on the right track? Let’s take a closer look at a few dividend stocks trading like growth stocks.

Johnson & Johnson (NYSE:JNJ) did stumble from over $138 to $132 in early October, but it didn’t take long for investors to find comfort in this long-time dividend stalwart. Some fast-food and fast-casual names have been on fire and McDonald’s (NYSE:MCD) is no exception. Coca-Cola (NYSE:KO) is another one showing signs of exhaustion. Like KO, the turnaround efforts are working for Procter & Gamble (NYSE:PG). Also a “lower high” candidate, Verizon (NYSE:VZ) is chopping around near its highs. But as they say on Wall Street, the trend is your friend until it bends. With PepsiCo (NYSE:PEP), there has been no such bend. As if the first six names on this list weren’t an obvious indicator, the performance by Realty Income (NYSE:O) and other REITs is a major sign that investors are seeking high-quality income.

[fung_derf]

VOD looks like an interesting buy right here. Forming a cup perhaps? Current yield over 11% paid twice per year and the next one is typically the better one.
Currently $19.43. First resistance around $23.30 or so. I'd have a stop loss at $18.40.

JMO, of course.

[bar1080]

Interesting that BUD slashed its div 50%

"Anheuser-Busch InBev NV plunged after the world’s largest brewer cut its dividend in half as it seeks to pay down a $109 billion debt mountain swelled by the acquisition of rival SABMiller Plc in 2016.

The stock dropped as much as 11 percent amid a global selloff, marking the steepest decline since 2008 and destroying 16 billion euros ($18 billion) of market value. The Budweiser maker pointed to the plunge in emerging-market currencies, which is crimping profits after sales growth in the third quarter slowed to the weakest pace in more than a year."

[bar1080]

BRK's been one of my best holdings since I bought it a few months ago. But sadly no dividend. Also risky in a down market due to its leverage.

[Sone]

Maybe it’s time to get Bar’s beloved BRK down 10%

[Sone]

Like him or not not a bad chart shareholders made money

[fung_derf]

Looks like I called it.

DJ Six Flags CEO: Weather Was Biggest Headwind in 3Q -- Market Talk
Dow Jones News11:28 AM Eastern Daylight Time Oct 24, 2018

11:28 ET - Six Flags CEO Jim Reid-Anderson says unfavorable weather conditions were a drag on attendance growth in 3Q, brushing off concerns that the company was losing resonance with park customers. In a conference call with analysts, he says more frequent rains in the East and excessive heat, and some flooding, in other parts of the US, hurt attendance. Reid-Anderson batted away questions about organic growth, a metric important to analysts, saying Six Flags doesn't break down park attendance details "for competitive reasons." Instead he points to guests with memberships or season passes rising 9% YOY. Shares fall 11% after a miss on earnings and revenue. Rivals are also trading lower with SeaWorld down 4.1% and Cedar Fair off 1.3%. ([e-mail])

(END) Dow Jones Newswires

[fung_derf]

Oh geez! I'd never touch SIX. Ever since Daniel Snyder took over, the profits are only raised by him price gouging and lowering the quality. I can't believe the stock price has ever been up!
BTW, my guess is the stock price drop is related to weather conditions lately.

[bar1080]

"Six was also on my watch for long time" ???

[Sone]

Six was also on my watch for long time . Big drop today. Interesting.
Nice dividend with an increase every quarter.
Reviewing shopping lists lol

[fung_derf]

I think the growth has really slowed, but as for a nice blue chip stock, CAT can be a nice long term hold.
However, support currently at $111.50. I'd want to see a nice bounce up from there first.

[Sone]

Anyone like CAT? Paying 3% at 52 week lows

[bar1080]

Ugly indeed! Both Cornerstone funds plummeting about 4% today vs a 2% drop in the S&P. Getting exact numbers on Cornerstone products is impossible from what I understand because Cornerstone doesn't show current NAV numbers on its website. Anyone know a better way?

What CEFConnect displays is a day old and based on NAV from the previous Friday. https://www.cefconnect.com/fund/CLM

[fung_derf]

Opinions on a stock I've owned forever (in varied amounts),
$BPT...
My understanding has always been that it's pretty much just a return of principle until the wells run dry. It pays a great dividend, and always has, at times it has been an incredible growth stock as well.
My concern is, when does this sucker drain? Lately I've been more and more concerned it can sustain itself. Thoughts?

BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc. (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit. The Royalty Interest is a non-operational interest in minerals.

[fung_derf]

"Could" get ugly?? It's ugly already.
To be fair, based on the chart, I would have NEVER owned either of the Cornerstone products.

[bar1080]

With Cornerstone, some players have learned how the dilution/Rights Offering cycle works and are trying to ride along, at the expense of traditional Buy/Hold fund investors. That might work during a strong bull market like we've had since 2009, but what happens when there are no fat capital gains to fund the 20% payout? What happens to Cornerstone Funds in a bear market? Or in a period when the funds trade at a discount to NAV? If this past week or two is any guide, it could get ugly:

[fung_derf]

Yeah. There are quite a few closed end funds and MLPs I find questionable.
A wise man long ago told me to avoid the derivative products and that was good advice.