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MisterURL
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Joined: 03 Oct 2008
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 Posted: Mon Oct 06, 2008 10:00 am Post subject: Dividends |
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I am a Dividend Hog. I have spent quite a bit of time researching who has the best (largest) dividends and is not about to fail. PWI used to have the best. But then the Canadian government started talking about taxing them differently. I have KMP now. It is approximately $80,000 per year for a $1,000,000 investment.
That is good, but is there better? Does anyone know some good dividends or sectors I can look into. REIT's were OK, but shaky. Any suggestions?
Thanks.
[img]http://im.media.ft.com/content/images/f2021f38-3e0b-11e1-91ba-00144feabdc0.img[/img]
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rffrydr
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| Posted: Tue Jan 31, 2012 7:38 pm Post subject: |
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The mighty warrior returns!...And for whom does he fight?!
http://video.cnbc.com/gallery/?video=3000070548
Go Ralph, go!
I'd only be buying dividend stocks who's serious dividends don't yet exist (other than, and inclusive of, banks).
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rffrydr
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rffrydr
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rffrydr
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rffrydr
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| Posted: Thu Aug 26, 2010 8:12 am Post subject: |
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rffrydr
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| Posted: Tue Jun 29, 2010 10:05 am Post subject: |
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The "solid" screen:
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rffrydr
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| Posted: Mon Jun 07, 2010 7:34 am Post subject: |
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Theoretically nuetral-to-negative yet they've never been more important. "Now" would be the easy answer to this question:
Dividends
Published: June 3 2010 15:06 | Last updated: June 3 2010 20:57
| Quote: | Dividends are in the news. On Wednesday two Democratic senators told BP it shouldn’t pay a dividend until the total cost of the oil spill clean-up is estimated. Earlier, European airline Ryanair announced a first-ever cash payment to shareholders. Global coffee shop chain Starbucks also paid an inaugural dividend last month. Few things in finance, however, are as misunderstood and debated as dividends.
For all the hoo-ha about Starbucks, or Dow Chemical’s first dividend cut since 1912 last year, investors should recall the classic 1958 paper by Franco Modigliani and Merton Miller, which argued that a company’s dividend policy was irrelevant. There were many assumptions, of course, but simplistically shareholders should be indifferent between a dividend and a stronger share price due to higher free cash flows. |
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rffrydr
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| Posted: Sun May 30, 2010 9:27 am Post subject: |
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More insider buying with yield as theme including concentration of energy stocks destined for further mark-downs on tuesday. BP should not be on this list:
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rffrydr
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rffrydr
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| Posted: Wed May 12, 2010 1:36 pm Post subject: |
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Yielders with insider buyins--including market upchuck last week in blue:
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rffrydr
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| Posted: Tue Mar 30, 2010 7:35 am Post subject: |
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rffrydr
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| Posted: Wed Jan 27, 2010 6:51 pm Post subject: |
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Here's a screen for ya:
| Quote: | Getting Paid to Wait
By Tim Melvin
RealMoney.com Contributor
1/27/2010 1:15 PM EST
In the midst of all the politics driving the market, I am trying to hunker down and focus on finding cheap stocks. They are getting very thin on the ground, but I am able to find a few from time to time. I run my screens every week, no matter what winds are blowing through the economy and the market. I always try to keep in mind that investors such as Warren Buffett and Walter Schloss made an enormous amount of money in the malaise of the 1970s by scooping up cheap assets, even as we suffered stagflation and turmoil. The markets may have been horrid, but some individual stocks did very well.
One of my favorite screens these days looks for safe, cheap and high-yield stocks. I don't expect a lot out of the overall market, so it is comforting to get paid while I wait for things to get better. I like the idea of receiving a stream of cash on a monthly or quarterly basis to offset the volatility of the current environment. The screen I run is very simple. I look for stocks that trade below tangible book value and pay more than 5%. Over the years, some of my biggest winners have come from this screen, and it is one of the three I run each and every week.
I wrote yesterday about my concerns with the electric-utility industry. The potential cap-and-trade carbon legislation is a serious hurdle for the industry going forward. Despite this, I still like shares of Portland General (POR - commentary - Trade Now), the Oregon electric company. No matter what we see out of Washington, people need electricity. The cost will go up, but I don't foresee candlelight and washing clothes in the river coming back -- even in Oregon.
The company derives 88% of revenue from residential customers, so it is somewhat insulated from the weak industrial economy as well. The stock trades right at tangible book value and yields 5.11% at today's price. It probably won't make you rich, but I don't think it will hurt a long-term investor, and the reliable dividend is comforting in the current low-rate environment.
xxx & Brown Air (FLY - commentary - Trade Now) has moved up a bit since I first wrote about it, but the shares are still cheap. The global aircraft-leasing company trades at just 70% of tangible book value and still yields 7.8%, even after the price advance. All 62 of the company's aircraft are leased, and the average lease still has 4.9 years remaining.
xxx hasn't let the cash flow from its lease portfolio sit idle. Last year, it repurchased around 10% of outstanding shares at an average price that was half the current quote, as well as a little more than $169 million of debt at less than half of face value, with an option to buy back an additional $50 million. Since this company went public in 2007, it has increased lease revenues by 42%, a remarkable accomplishment in the weak global economy. I own this stock and would be thrilled to buy more should the price dip at all. I consider it a too-cheap-not-to-own stock.
One of my favorite stocks just misses the cut, but it is on my buy-on-a-decline list. Shares of Foot Locker (FL - commentary - Trade Now) trade at around 10% more than tangible book value. The shoe and athletic apparel retailer yields a generous 5.08% at today's price. I have owned this stock for a long time and I expect to have it in my portfolio for years to come. Foot Locker is one of the largest retailers in its sector, with more than 3,600 stores in 21 countries. They have the rights to sell U.S. Olympic Committee branded products though the Website and catalogs. Being a Winter Olympics year, this could boost first-half revenues. Should the stock pull back, I would consider selling the March $10 puts to increase my position.
This is a difficult market, and one I certainly don't think is cheap by any stretch of the imagination. Buy my experience has taught me that if a stock is safe and cheap, I need to buy it no matter how I feel about the overall market. I view getting paid a generous dividend while I wait for conditions to improve as a perfect situation. |
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rffrydr
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| Posted: Tue Nov 17, 2009 9:49 pm Post subject: |
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HenryTo
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| Posted: Sat Aug 01, 2009 11:14 am Post subject: |
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Morningstar's latest weekly commentary on their "DividendInvestor" portfolio:
| Quote: | A Few Organizing Thoughts - The Week in Dividends, 2009-07-31
M*_JoshP | 07-31-2009 | 11:28:06 | Post #2685218
This was such a busy week in terms of economic, business and market news that it's hard to take it all in, let alone organize this deluge into something useful. But if being a long-term investor has many advantages, the relatively diminished importance of short-term developments (mostly, anyway) has to be in the top ranks. So what follows is my attempt to organize the current flow of information into some guidelines for navigating the waters ahead:
Where are we now?
This "relentless incline", as I called it last week, will not last forever, no more than did the seemingly relentless decline that preceded it. Momentum is powerful stuff, and has rarely exhibited more raw force than it has over the past couple of months--but it can change direction very quickly.
This rally has burned up a lot of its fuel--the fuel being the abysmally low valuations reached earlier this year. Morningstar's aggregate valuation estimates now put the market at a fairly valued state. The legendary asset allocator Jeremy Grantham (whose commentary is available at www.gmo.com) suggests that the S&P 500, undervalued for the first time in years at this year's lows, has now shot back into modestly overvalued territory.
Dividend yields are flashing perhaps the most bearish signals, both short- and long-term. The S&P's dividend yield now stands at just 2.2%, still well below post-World War II averages.
I suspect the market has already discounted a fairly robust economic recovery--one of the so-called "V-shaped" variety. I'll stop short of making an actual prediction, but we may well see a quarter or two of seemingly strong GDP growth, thanks to inventory restocking and a bottoming-out for sectors (such as residential construction) that have led the economy into the red. But as rising expectations are built into stock prices, so also are the risks of future disappointment.
A sustained, vigorous economic recovery--one powerful enough to justify significant additional gains from here in the next 12 months--has pretty poor odds, in my view. The case for a "new normal" remains compelling; I keep in mind that the last economic and corporate profit peak was driven by borrowing that will no longer occur. This may well be an age where the American consumer--and, by extension, many American businesses--mark time using (and paying for) the stuff they've already got.
What to do going forward?
Exposure to stocks when the market looks fairly valued isn't a bad bet--as long as we can keep our expectations in check (i.e. 9%-11% average annual total returns going forward, not near-50% moves every 4 1/2 months). I plan to keep the Builder and Harvest fully invested, or nearly so.
But with the market having come so far, so fast, this seems to me a good time to carefully consider valuation and place little (if any) emphasis on momentum. The Builder is priced at an aggregate 27% discount to the market as a whole, and the Harvest at a 15% discount. Both compare well to the aggregate discount of zero for Morningstar's coverage universe.
When the market appears fairly valued in the aggregate, but high quality is at a relative discount to low, swapping up the quality spectrum stands to improve future return potential while reducing risk. One reason Grantham's latest missive is worth reading is that he's put some numbers behind the speculative nature of this rebound--sketchier stocks have indeed outperformed those backed by more durable franchises and balance sheets. Morningstar's rating data also reflects this phenomenon, with wide-moat stocks trading at an average 15% discount to our fair value estimates while no-moat stocks are priced at a 12% premium.
Keep a bias in favor of high, sustainable dividend yields. Economic growth may or may not materialize in force, but with so little income being generated by the average stock, expectations for earnings/dividend/price growth are, by definition, still quite high. The yield range inhabited by most Harvest holdings (5%-8%) is where I find some of the best prospects for realizing decent returns in a low-growth environment. |
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teenwolf41
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Joined: 26 Jul 2009
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| Posted: Sun Jul 26, 2009 7:09 pm Post subject: |
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My three Dividend Plays:
RGC - 6%
T - 7%
PWE (Canadian Oil Trust) - 12%
And I LOVE KMP too so thats a great move! |
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