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Phrejd's Dividend Portfolio™ - 2 month update
Posted on: July 14, 2020 at 10:39:10 CT
phrejd STL
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Member For:
16.44 yrs
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Performance:
- Expected dividend yield = 11.92%
- Dividends collected to date = $35.09 (CTL, PRU, KO, CMA, IRM, VTR)
- Portfolio appreciation = 8.75% (vs S&P 12.2%)
Current Holdings:
Abbvie ABBV
Advanced Emissions Solutions ADES
Annaly Capital Management NLY
Carnival Cruise Lines CCL
CenturyLink CTL
Chimera Investment Corp CIM
Citizens Financial Group CFG
Coca-Cola KO
Comerica Inc CMA
Host Hotels & Resorts HST
Invesco IVZ
Iron Mountain Inc IRM
Kohl's Department Stores KSS
ONEOK, Inc OKE
Prudential Financial PRU
Royal Caribbean Cruise RCL
Simon Property Group SPG
Starwood Property Trust STWD
Ventas, Inc VTR
Wells Fargo WFC
(positions added since last update = NLY, STWD, plus added to several existing positions, namely CTL, OKE)
What I've learned:
1) Slight underperformance vs. S&P is due almost entirely to the addition of the new positions and increase in holdings in the other lower performers.
2) There continues to be opportunity to buy companies at steeply discounted prices that offer a dividend yield of 10% or more. This kind of surprises me.
3) REITs are clearly becoming a significant percentage of this portfolio. It may morph into an entirely REIT portfolio at some point, though I won't do that at scale.
4) I am continuing to monitor fluctuations in prices, but now with a more fine tuned eye toward locking in greater yield.
5) I still need to develop a rotation strategy for updating positions and culling under-performers, and I still need to educate myself more on things like preferred shares, CEFs, REITs and other dividend focused funds.
That's what I've learned in 2 months.
Aside from some continued fine-tuning and opportunistic additions, I'll probably let this sit until the 6 month mark and re-evaluate then.
Performance:
- Expected dividend yield = 11.92%
- Dividends collected to date = $35.09 (CTL, PRU, KO, CMA, IRM, VTR)
- Portfolio appreciation = 8.75% (vs S&P 12.2%)
Current Holdings:
Abbvie ABBV
Advanced Emissions Solutions ADES
Annaly Capital Management NLY
Carnival Cruise Lines CCL
CenturyLink CTL
Chimera Investment Corp CIM
Citizens Financial Group CFG
Coca-Cola KO
Comerica Inc CMA
Host Hotels & Resorts HST
Invesco IVZ
Iron Mountain Inc IRM
Kohl's Department Stores KSS
ONEOK, Inc OKE
Prudential Financial PRU
Royal Caribbean Cruise RCL
Simon Property Group SPG
Starwood Property Trust STWD
Ventas, Inc VTR
Wells Fargo WFC
(positions added since last update = NLY, STWD, plus added to several existing positions, namely CTL, OKE)
What I've learned:
1) Slight underperformance vs. S&P is due almost entirely to the addition of the new positions and increase in holdings in the other lower performers.
2) There continues to be opportunity to buy companies at steeply discounted prices that offer a dividend yield of 10% or more. This kind of surprises me.
3) REITs are clearly becoming a significant percentage of this portfolio. It may morph into an entirely REIT portfolio at some point, though I won't do that at scale.
4) I am continuing to monitor fluctuations in prices, but now with a more fine tuned eye toward locking in greater yield.
5) I still need to develop a rotation strategy for updating positions and culling under-performers, and I still need to educate myself more on things like preferred shares, CEFs, REITs and other dividend focused funds.
That's what I've learned in 2 months.
Aside from some continued fine-tuning and opportunistic additions, I'll probably let this sit until the 6 month mark and re-evaluate then.
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Phrejd's Dividend Portfolio™ - 2 month update - phrejd MU
- 7/14 10:39:10