Looking for shares that pay dividends on a monthly basis? I've found the following three which I've added to my long term investment portfolio:
1. Calamos Convertible and High Income Fund (CHY:NYSE)
Recent price--$13.55 per share with a dividend yield of 7.53%. They have a price to earnings of 6.4 and their current dividend of $1.02 is less than 50% of current earnings per share.
2. iShares S&P US Preferrd Stock (PFF:NYSE ARCA) Recent price of $40.12 with a dividend yield of 6.19%. PFF is an exchange traded fund (ETF) heavily invested in the financial sector (over 86%).
3. Realty Income (O:NYSE) A real estate investment trust (REIT) which invests in commercial properties with long-term leases. They have a dividend payout of 4.90% on their recent share price of $35.41.
All three of the issues mentioned above pay dividends every month. If you're looking for monthly payouts, you may want to have a look for yourself. Of course you would need to do further research to see if they fit in with your own investment plan.
Showing posts with label reits. Show all posts
Showing posts with label reits. Show all posts
Friday, May 20, 2011
Wednesday, December 15, 2010
IN THE NEWS
In the news this week, Ron Paul wants to create competition for the Federal Reserve by allowing U.S. citizens to use gold in place of the dollar. I've a feeling that won't really catch on anytime soon, but I do agree with his thinking on the Fed's "monopoly" like control of U.S. currency and would like to see a little more restraint on the free wheeling printing of dollars.
Obama invited Bill and Melinda Gates and Warren Buffett to the Oval Office for a meeting to discuss their charitable giving. Could it be that he's thinking we might all be in need of some charitable support by the time the Democrats are through spending?
Speaking of Warren Buffett, his company Berkshire Hathaway has done a great deal of selling in the past quarter. There is speculation it is to raise cash for the incoming investment manager at Geico after the retirement of Lou Simpson at the end of this year. I think it might just be a move to collect capital gains in an up market.
As for my own trading, I pulled out my original investment in Centerpoint energy (CNP:NYSE) and reinvested it in Invesco Mortgage Capital (IVR:NYSE). My stake in CNP was up over 28%, so I kept the remaining shares and will continue to draw the dividends on those. At the same time I'll triple the dividend income I was earning on my investment in CNP by putting the money in IVR shares which currently yield 17.77%. Like Annaly Capital (NLY:NYSE) I do not consider this a long term holding, it's purely a dividend play as long as interest rates are low. Since a rising interest rate could drastically affect earnings for REITs, I'll be watching this one closely and move to trade out if interest rates should begin to rise. Not expecting that to happen anytime soon, so I'll collect the dividends in the mean time.
Obama invited Bill and Melinda Gates and Warren Buffett to the Oval Office for a meeting to discuss their charitable giving. Could it be that he's thinking we might all be in need of some charitable support by the time the Democrats are through spending?
Speaking of Warren Buffett, his company Berkshire Hathaway has done a great deal of selling in the past quarter. There is speculation it is to raise cash for the incoming investment manager at Geico after the retirement of Lou Simpson at the end of this year. I think it might just be a move to collect capital gains in an up market.
As for my own trading, I pulled out my original investment in Centerpoint energy (CNP:NYSE) and reinvested it in Invesco Mortgage Capital (IVR:NYSE). My stake in CNP was up over 28%, so I kept the remaining shares and will continue to draw the dividends on those. At the same time I'll triple the dividend income I was earning on my investment in CNP by putting the money in IVR shares which currently yield 17.77%. Like Annaly Capital (NLY:NYSE) I do not consider this a long term holding, it's purely a dividend play as long as interest rates are low. Since a rising interest rate could drastically affect earnings for REITs, I'll be watching this one closely and move to trade out if interest rates should begin to rise. Not expecting that to happen anytime soon, so I'll collect the dividends in the mean time.
Friday, September 25, 2009
Week In Review
At this point, it looks like both my stock portfolios will end down for the week. Although I'm still up quite a bit for the year on my IRA, I haven't quite regained all I lost on my taxable stock portfolio. Even though the total dollar value is 40% higher than last year, the increased value represents profits from stock trades since the first of this year, and extra cash added to my stock account.
The biggest change I've made in the past 30 days would be to add a shares of a Canadian Energy trust and a Real Estate investment trust, both of which pay dividends on a monthly instead of quarterly basis. Both appear to be solid companies and I think they'll work well towards reaching my goal of boosting monthly cash flows from dividends. I've noticed a lot of getting ahead in investing is all about cash flow. How quickly you turn over your money. When you pay out your cash to purchase shares of an investment, the quicker you get your money back, the better. That's why I love dividend stocks, because as long as the company is solid, you can look forward to a steady stream of dividend income for years and years to come. I could be perfectly satisfied with holding my stocks till the day I die, as long as the dividends keep rolling in.
Looking ahead, for the next couple of months, I'll be adding to my AT&T and BP stakes in my IRA account and will probably purchase more shares of PGH for my taxable portfolio. Nothing new on the job front, but I have been getting more responses to applications, so that's encouraging. Still working on eliminating my remaining credit card debt. Because of increased interest rates, I have canceled all but 2 of my credit cards and don't intend to take out any new ones. I think the credit card companies have all lost their minds recently and until I see some better offers, I'm avoiding using them all together.
I'm beginning to believe things are picking up with the economy, more in spite of, rather than because of recent government efforts. In the end, I believe legislation passed since the first of this year will ultimately lead to higher taxes than we've ever seen and create a tremendous drag on the economy. Just have to wait and see how it all plays out.
The biggest change I've made in the past 30 days would be to add a shares of a Canadian Energy trust and a Real Estate investment trust, both of which pay dividends on a monthly instead of quarterly basis. Both appear to be solid companies and I think they'll work well towards reaching my goal of boosting monthly cash flows from dividends. I've noticed a lot of getting ahead in investing is all about cash flow. How quickly you turn over your money. When you pay out your cash to purchase shares of an investment, the quicker you get your money back, the better. That's why I love dividend stocks, because as long as the company is solid, you can look forward to a steady stream of dividend income for years and years to come. I could be perfectly satisfied with holding my stocks till the day I die, as long as the dividends keep rolling in.
Looking ahead, for the next couple of months, I'll be adding to my AT&T and BP stakes in my IRA account and will probably purchase more shares of PGH for my taxable portfolio. Nothing new on the job front, but I have been getting more responses to applications, so that's encouraging. Still working on eliminating my remaining credit card debt. Because of increased interest rates, I have canceled all but 2 of my credit cards and don't intend to take out any new ones. I think the credit card companies have all lost their minds recently and until I see some better offers, I'm avoiding using them all together.
I'm beginning to believe things are picking up with the economy, more in spite of, rather than because of recent government efforts. In the end, I believe legislation passed since the first of this year will ultimately lead to higher taxes than we've ever seen and create a tremendous drag on the economy. Just have to wait and see how it all plays out.
Friday, September 18, 2009
Realty Income Increases Monthly Dividend
Recently I wrote about getting back to investing in REITs. Today I read about Realty Income increasing their monthly dividend and decided to add shares to my portfolio. Its Board of Directors has declared an increase in the Company's common stock monthly cash dividend to $0.1426875 per share from $0.142375 per share. The dividend is payable on October 15, 2009 to shareholders of record as of October 1, 2009. This is the 48th consecutive quarterly increase and the 55th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.71225 per share as compared to the previous annualized dividend amount of $1.7085 per share. The Company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis.
The Chief Executive Officer of Realty Income commented, "We are pleased that, despite challenging economic conditions, our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the October dividend we will have made 471 consecutive monthly dividend payments."
Realty Income (O), The Monthly Dividend Company(R), is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 471 consecutive common stock monthly dividends throughout its 40-year operating history and increased the dividend 55 times since Realty Income's listing on the New York Stock Exchange in 1994. The monthly dividend is supported by the cash flow from over 2,300 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is a buyer of net-leased retail properties nationwide.
The Chief Executive Officer of Realty Income commented, "We are pleased that, despite challenging economic conditions, our operations allow us to once again increase the amount of the dividend we pay to our shareholders. With the payment of the October dividend we will have made 471 consecutive monthly dividend payments."
Realty Income (O), The Monthly Dividend Company(R), is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 471 consecutive common stock monthly dividends throughout its 40-year operating history and increased the dividend 55 times since Realty Income's listing on the New York Stock Exchange in 1994. The monthly dividend is supported by the cash flow from over 2,300 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is a buyer of net-leased retail properties nationwide.
Monday, September 14, 2009
This Week's Trades
Decided to take advantage of Universal Insurance (UVE) 11% dividend yield and pick up some more shares for my taxable portfolio. UVE is a long term holding in my regular portfolio and my IRA. Also decided it might be time to have a look at REITs again. With real estate turning around and several companies gearing up to pick up distressed real estate investments, thought it might be good to shop around. I've decided on Capstead Mortgage (CMO), one of the real estate trusts that has survived the turmoil of the past few years and seems to be on track for recovery. Their dividend yield is currently 16.30%, which is enticing in its' own right, but I chose them mainly for their experience. They've been in business for quite some time and I figure if they could survive the past year and keep their dividend intact, then they're likely a pretty good bet going forward.
Still building cash, but things are looking up on the job front, so I may soon be deploying excess cash in my stock portfolios. Even though I'm not happy with things on the political front, I believe that the stock market and the American economy can overcome a lot of idiotic moves by our nations politicians. And there's always the hope that they'll be voted out and replaced with people who have show a little more fiscal responsibility.
Still building cash, but things are looking up on the job front, so I may soon be deploying excess cash in my stock portfolios. Even though I'm not happy with things on the political front, I believe that the stock market and the American economy can overcome a lot of idiotic moves by our nations politicians. And there's always the hope that they'll be voted out and replaced with people who have show a little more fiscal responsibility.
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