Monday, November 3, 2014

October 2014 Dividend Update


 
It has been a volatile month in October. With a big pullback and a snap back rally that caught many investors by surprise. As many have noticed the ARCP accounting scandal that ended the month was not welcoming. Many investors lost all confidence in the company and sold.  I cannot blame them after what management has already put them through.  However, I am not the same type investor as everyone else focused on a longer term as I still believe the assets and rent are there to make this company worth owning a position. Call me a contrarian or crazy, but if there are not any more major skeletons being uncovered in a few years I will be happy I did not sell at a loss. Another benefit to this ordeal is I am not underwater that much because I got some shares for a better price with the takeover ARCP did with COLE. I will be able to continue to collect the dividends and counting on them not to cut it if they can avoid it. Even with a cut the yield would be quite high and the properties and rental income should be able to cover the payments. Over time this should be able to dissolve assuming no major news comes out. It is a calculated risk worth taking and since you should be well diversified to start with, it is a lesson to some. In other news Enerplus (ERF) recently terminated the stock dividend program that was beneficial for shares and tax payments.





The CocaCola Company (KO) $6.71
Pimco High Income Fund (PH) $1.73
Solar SR. Capital Ltd. (SUNS) $1.34
Chamber Street Properties (CSG) $0.56
Whitestone REIT (WSR) $5.56
American Realty Capital Properties (ARCP) $7.59
Horizon Technology Finance Corporation (HRZN) $1.34
Independence Realty Trust (IRT) $1.25
Lightstream Resources LTD. (LSTMF) $0.32
MAIN Street Capital Corporation (MAIN) $1.63
Realty Income Corporation (O) $20.53
STAG Industrial Inc. (STAG) $1.17
Voya Global Equity Dividend and Opportunity Fund (IGD) $2.09
Windstream Holdings (WIN) $6.16
York Water Company (YORW) $1.44
Enerplus Corporation (ERF) $5.72
Pengrowth Energy Corporation (PGH) $0.45
Student Transportation Inc. (STB) $1.70
Inland Real Estate Corporation (IRC) $0.73
Linnco LLC (LNCO) $2.58
Prospect Capital Corporation (PSEC) $40.96
Gamco Global Gold Natural Resources & Income Fund (GGN) $8.51
General Electric Corporation (GE) $3.63
Armour Residential REIT (ARR) $0.11
Stone Harbor Emerging Markets Income Fund (EDF) $4.22
Cornerstone Progressive Return Fund (CFP) $8.10
Fifth Street Finance Corporation (FSC) $9.16
Gladstone Capital Corporation (GLAD) $3.31
LTC Properties Inc. (LTC) $5.46
Reaves Utility Income Fund (UTG) $2.86
Solar SR. Capital LTD (SUNS) $1.35
Wheeler REIT (WHLR) $4.87

October 2014 Total Dividends:$163.14

Photo Credit: www.marketcyclewealthmanagement.com (Google Images)

6 comments:

  1. Thanks for sharing your recent dividend income with us. You sure do have a lot of names paying you in October. How many stocks are in your portfolio? I see a couple names I have in common with you for the month. You seem to be quite heavy in the REIT space too. Do you plan to reduce your exposure to the sector anytime soon? Look forward to your next update.

    ReplyDelete
    Replies
    1. DivHut,

      I am probably somewhere between 45-50 stocks in this portfolio. I am comfortable with my REIT positions and likely won't change it anytime soon. I can always income diversify further by adding to other positions and sectors. This is only my taxable account which is the largest one. I also have ROTH and 403(b) accounts with other investments.

      Thanks for stopping by!

      Delete
  2. Wow lot of payouts for the month. Keep pushing on!

    ReplyDelete
    Replies
    1. A-G,

      Thanks for commenting and the encouragement. I hope everything you are doing well. This winter weather is already annoying me, but at least it can't stop my dividends from rolling in!

      Delete
  3. Please visit my blog.

    http://todayxxyearsago.blogspot.se/

    ReplyDelete
    Replies
    1. I'll check it out. Historical events are interesting.

      Delete