Back at the beginning of November I published a Special Report on my subscription JubakAM.com site that revised the Dividend Portfolio I track on all my sites.
The changes in the portfolio were an attempt to respond to a changed environment for yield–what I termed in that Special Report “a Low Yield Desert.”
Those changes involved selling members of the portfolio where the share price looked likely to fall by more than enough to wipe out the income from the dividend.
It also involved buying some stocks with low current yields that were increasing dividends as especially high rates.
And, finally, it involved buying or staying with stocks in those pockets of the market with higher than market average yields and with prospects for maintaining those yields.
(If you’d like more on the reasons for these shifts, you’ll have to subscribe to JubakAm.com next time there’s an offer for a discounted subscription.)
Just to put all the changes in my Dividend Portfolio in one list after my Special Report 3 Ways to Higher Income in a Low Yield Desert
Here are the sells:
Bank of America (BAC) as of November 1
ING Group (ING) as of November 1
Tapestry (TPR) as of November 1
Westpac Banking (WBK) as of November 1 (with an eye to rebuying in December or January supposing that the expected dividend cut takes place on that timetable.)
IBM (IBM) as of November 11 (after the November 8 record date for the dividend.)
Here are the buys with their current forward dividend yields as of November 12, 2019:
Microsoft (MSFT) buy as of November 8, yield 1.40%
Illinois Tool Works (ITW) buy as of November 8, yield 2.44%
Visa (V) buy as of November 8, yield 0.67%
Commonwealth Bank of Australia (CMWAY) buy as of November 8, yield 5.67%
iShares 7-10 Year Treasury Bond ETF (IEF) buy as of November 8, yield 1.62%
Here are the keepers with their current forward dividend yields as of November 12, 2019:
Grupo Aeroportuario (PAC) 3.47%
Digital Realty Trust (DLR) 3.70%
Cummins (CMI) 2.81%
Merck & Co. (MRK) 2.64%
ONEOK (OKE) 5.23%
VanEck Vectors Preferred (PFXF) 5.30%
Kinder Morgan (KMI) 5.02%
Verizon (VZ) 4.14%
You can find more specifics on each of these sell/buy/keep in my Special Report 3 Ways to Higher Income in a Low Yield Desert
You can also find more about the three strategies for producing more income in a yield desert in that Special Report.
(And you can find the Special Report in my Special Reports pane on the JubakAM.com subscription site.)