Quality high-yeild stocks
by dgcannon | April 30, 2014 8:37 pm
I would appreciate any input on quality high-yielders that pay a monthly dividend. I prefer the monthly payouts because I always
put the payouts into the dividend reinvestment program at E-Trade. Because of limited capital, I have to concentrate on lower priced shares. All input will be greatly appreciated. I realize that higher yields mean higher risk, but use reasonably tight stops.
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Check out Atlantic Power Corp. AT on Nasdaq, or ATP on TSE. Price is low (3.00 ish), yield is about 10-12 % recently.
Try these two:
Prospect Capital PSEC & Fifth Street FSC. They pay monthly dividends. Both are BDO’s so due your own due diligence.
Mark,
Many thanks. As it happens I own both so it’s good to have some confirmation.
Thanks again. Being a member here is really a privilege.
I would have seconded the suggestion to consider those (PSEC and FSC). I hold both. Since you knew about those already, perhaps Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is something you might like.
Thank you very much. This one is new to me , and I will get right on it.
Jake,
You suggested Atlantic Power, which I believe is a turnaround situation. Do you think they can sustain their dividend? That could really be a gem. Appreciate your input.
My thanks to everyone who provided input.
CQP has worked for me the last 2 yrs.
David:
{‘m curious to know why you ask only for low priced issues. It’s the yield you’re after, right.? If a $100 stock pays a $8.00 dividend, you get an 8.0% return. If a $5.00 stock pays a $0.40 dividend, you get an 8.0% return.
8.0% is 8.0% no matter how you cut it – what you paid for the stock has no meaning other then the number of shares you can afford to buy.. You could own 1 share of the $100.00 stock or 20 shares of the $5.00 one. Your result is same-same.
So why concern yourself about price? Unless $100 is out of your budget, of course.
As a thought, you could check out MORL, one of my income portfolio holdings. Takes some work to understand and a lot of people say they can’t do what they do – they pay just over 20%. Yet they keep on doing it, quarter after quarter after quarter. You research, you decide. Just keep it reasonable (say 3% – 6%) in size relative to your portfolio total value if you do invest.
I am long MORL.
Good luck!
Jim Skelton
The Blind Squirrel
I would nominate ‘O’ Realty Income, a triple net REIT which raises its dividend multiple times a year. One downside is that most of the divvy is ordinary income, so be aware of that. I consider it pretty low risk, but do your own research. Another I’ve had for a while is BBEP, smallish oil an gas E&P MLP. Nice yield, some don’t like the K1 tax treatment. Due to the industry and size you’d have to consider it more risky, but I love it.