tumsasedgars With the March CPI report showing inflation actually accelerating rather than decelerating as some had hoped, many high-yield stocks (SPYD)(SCHD) have sold off, extending their material underperformance relative to the S&P 500 (SPY) so far this year. Moving forward, it appears increasingly likely that the Fed will have to be somewhat guarded with the…
Richard Drury Rose’s Income Garden Portfolio Rose’s Income Garden “RIG” portfolio ended March with 83 stocks from all 11 sectors with a goal to keep a majority of income from defensive quality investment-grade common stock. The other investments and especially the financial sector has high yield (HY), business development companies (BDCs), a few mREITs, preferred…
PM Images Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a promising passive income investment with an international profile, a diversified portfolio, resilient FFO and a low FFO payout ratio. The focus on owning and operating regulated infrastructure assets leads to long-term FFO visibility, and the company has delivered impressive distribution growth over the last decade. Brookfield…
Gunther Fraulob NextEra Energy (NYSE:NEE) is an incredible dividend growth machine. The electric utility last declared a quarterly cash dividend of $0.515 per share, a remarkable 10% hike sequentially and $2.06 per share annualized for a 3.2% dividend yield. NEE has also guided to grow its dividend by at least 10% per year for the…
JHVEPhoto/iStock Editorial via Getty Images Introduction Britvic (OTCQX:BTVCF) (OTCQX:BTVCY) is a UK-based company that owns and produces its own drink brands but also has a 20-year agreement (running until 2040) with PepsiCo (PEP) to produce, bottle and market their products in the UK and Ireland (not just Pepsi and Pepsi MAX but this also includes…
PM Images Since the beginning of 2021, Kinder Morgan’s (NYSE:KMI) shares have been stuck trading sideways between $15 and $20. Shares have still not gotten back to their pre-pandemic levels, and we’re approaching a decade of relatively flat returns. Long-term investors who have held shares for more than a decade are probably displeased with KMI…
Irina Gutyryak/iStock via Getty Images Introduction As most of my regular readers will know, I always try to incorporate the “bigger picture” into my research, as this allows me to get a good understanding of factors that may impact the stocks in our portfolios and on our watchlist. One of the most important things to…
courtneyk Due to its reliance on mortgage banking income, Meridian Corporation’s (NASDAQ:MRBK) earnings are closely related to the interest-rate cycle. Now that we’re on the verge of a down-rate cycle, chances are very high that the company’s earnings will improve. I’m expecting the company to report earnings of $1.32 per share for 2024, up 14%…
Klaus Vedfelt Main Street Capital (NYSE:MAIN) is a high0quality business development company that has delivered strong and consistent results related to its lower middle market loan portfolio in the last couple of years. Even though the BDC comfortably covers its dividend with net investment income, the stock has gotten a little bit ahead of itself…
mozcann This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. KBWD strategy Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) started investing operations on 12/02/2010 and tracks the KBW Nasdaq Financial Sector Dividend Yield Index. It has 41 holdings (including cash)…
JamesBrey Blackstone Secured Lending (NYSE:BXSL) convinces with its strong net investment income trajectory, a low pay-out ratio, top loan quality, a growing net asset value as well as a commitment to raising the quarterly dividend. Although I am not chiefly a BDC investor, I believe Blackstone Secured Lending makes a very strong value proposition for…
SARINYAPINNGAM Vanguard Long-Term Treasury Index Fund ETF Shares (NASDAQ:VGLT) is an ideal way to buy longer duration U.S. Treasury Bonds and lock in a yield of about 4.5% (SEC 30-day yield). This yield is close to what money market funds currently offer, but investors who remain in money market funds are likely to see yields…
Klaus Vedfelt At this point in the investment cycle, my preference leans significantly towards international equities over US equities, primarily due to their prolonged underperformance. Exploring international market ETFs opens up several avenues. A particularly intriguing option is investing in the ALPS International Sector Dividend Dogs ETF (NYSEARCA:IDOG). This ETF follows the S-Network International Sector…
bopav Introduction In my quest to find income funds that focus on asymmetric risk and reward situations, I stumbled upon the Defiance NASDAQ 100 Enhanced Options Income ETF (NASDAQ:QQQY). I covered its first 60 days back in November 2023. This article will serve as a follow-up to my previous conclusion, which was: I will try…
8vFanI Rising interest rates have been a boon to Business Development Companies, known as BDC’s, over the past 1 year-plus. Several of them have reported record earnings, including Golub Capital BDC (NASDAQ:GBDC), which saw 55% growth in Investment Income and 49% growth in Net Investment Income, NII in its fiscal year ending 9/30/23. 99% of…
Vivek Vishwakarma Now’s a great time to be an income investor, as when the market is pre-occupied with chasing growth, investors can pick off +9% yields with ease. Such is the case with BDCs at this time, and this brings me to Capital Southwest (NASDAQ:CSWC), which I last covered in early January, highlighting its strong…
photobyphm Verizon Communications Inc. (NYSE:VZ) is a free cash flow-strong Telco that supplies passive income investor with a well-covered 6% yield that can make a big difference for retirees that rely on growing dividend income from their passive income investments. Though some investors see Verizon Communications’ considerable balance sheet debt as a burden, I think…
ninitta/iStock via Getty Images ~10% yield and ~6x P/E are just absurd Believe me, I understand why tobacco stocks are so out of favor in recent years. The main topic for today, British American Tobacco (NYSE:BTI), provides a good example. As seen in the chart below, BTI’s price suffered a 15.62% loss in the past…
JHVEPhoto Overview The last time I covered Prudential Financial (NYSE:PRU) was in August of 2023 and since then the total return has surpassed the S&P 500 (SPY). The price has moved upwards of 26% and the high dividend yield has pushed the total return near 30% since then. I thought it would be a good…
bjdlzx I assume most of my readers are familiar with Western Midstream Partners LP (NYSE:WES). For others briefly, WES is a midstream operator with natural gas gathering, operating, and transporting as its major business. Two other businesses are oil and NGL transporting; and gathering and disposal of produced water. Please refer to other sources for…
Pauws99/iStock Editorial via Getty Images Note: I previously covered Hafnia (OTCQX:HAFNF). In my last take, I discussed the clean tankers market and the company’s strengths (fleet, balance sheet, and attractive dividends). In today’s analysis, I dissect the last earnings report, update Hafnia’s valuation, and review its rating. Fleet Hafnia owns 116 vessels (10 LR2, 31…
Lakes4life/E+ via Getty Images Overview I recently covered Oxford Lane Capital (OXLC) and within that article I briefly gave an overview to compare Eagle Point Credit (NYSE:ECC) since both of the funds operate as Closed End Funds with a focus on CLOs. From the comments on my OXLC article, it seemed like the general consensus…
ryasick When it comes to investing in the stock market, investors are always on the lookout for innovative strategies that can provide them with growth and income. And Wall Street is always happy to provide them. To that end, the Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) is certainly different and an…
bjdlzx Energy stocks have recently entered a revival phase that lifted the Energy Select Sector SPDR® Fund ETF (XLE) toward its recent highs. The sector has benefited from the resurgence in crude oil futures (CL1:COM), shaking off the bearish sentiments that saw CL1 bottom in December 2023. Coupled with the persistence of the OPEC+ production…
cranach/iStock via Getty Images Fallen angels have significantly outperformed broader bonds and high-yield bond benchmarks for decades, as has the VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL). I last covered ANGL in mid-2023. In that article, I argued that the iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was a slightly superior investment, due to…
pcess609/iStock via Getty Images Market Recap 2024 is off to a pretty good start, the SPDR S&P 500 ETF Trust (SPY) posted its 3rd consecutive positive month this year. The gain in March of 3.27% was lower than February’s 5.22% return. But it was enough to push the ETF to a double digit year-to-date return….
Hispanolistic Introduction I previously covered Ahold Delhaize (OTCQX:ADRNY) back in late 2021 where I argued that sustaining the robust operating margin would be key to bridging the valuation gap with US peers, with covered call selling an excellent way to position in the shares. Over the past year, European grocery retailers such as Ahold Delhaize…
ligora/iStock via Getty Images Introduction As explained in a previous article, the business model of Gladstone Land (NASDAQ:LAND) is very straightforward: the REIT owns farmland and leases it to farmers. It is not exposed to successful or disappointing harvests other than the impact it has on the tenants. At the end of 2023, Gladstone Land…
thitivong In our last coverage of Brookfield Infrastructure Partners L.P. (BIP), (BIPC), we highlighted some interesting opportunities in the secondary securities. In the US, there are two preferred shares listed. Brookfield Infrastructure Partners L.P. 5.125 CL A PFD13 (NYSE:BIP.PR.A) and Brookfield Infrastructure Partners L.P. 5.00% PFD A 14 (NYSE:BIP.PR.B). The two preferreds were on a…
Anne Czichos AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking up the pieces from these sellers at T’s long-term lows….
MarsBars Investing doesn’t have to be a popularity contest, and in reality, buying quality names that are temporarily beaten down in price can produce terrific results, especially if they pay a high dividend yield. Such may be the case these days with REITs and income stocks in general, which continue to trade near their 52-week…
Userba011d64_201 As buying low and selling high is the well-known and fundamental principle of investing, I believe, less-known lower middle-market lender Monroe Capital (NASDAQ:MRCC), could be one of the options that perfectly fits on principle. Its stock price lost nearly 27% in value in the past three years due to temporary setbacks, such as a…
Michael M. Santiago Introduction Recently, I have been writing a lot about macroeconomics. This has always been an area of study for me, but shifting my attention away from exchange-traded products (“ETP/s”) has changed my outlook on products I have previously recommended, like the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV). For those who are…
J Studios/DigitalVision via Getty Images Investment thesis My previous bullish thesis about Enbridge (NYSE:ENB) as of November 28, 2023, aged well. The stock price lagged behind the broader market, but my bet was on safe dividend growth rather than outpacing the broader market in terms of growth. Just a couple of days after my previous…
mirsad sarajlic This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. DFIV strategy Dimensional International Value ETF (NYSEARCA:DFIV) is an actively managed fund launched on 04/16/1999 and listed as an exchange-traded fund, or ETF, on 09/13/2021. DFIV has $7.1B of assets…
AnthonyRosenberg CareTrust REIT, Inc. (NYSE:CTRE) is a well-managed healthcare real estate investment trust with a primary focus on senior facilities that support the needs of the elderly. The healthcare trust owns a large portfolio consisting of Skilled Nursing facilities and profits from key aging trends in the United States that will drive up demand for…
gaffera Author’s Note This simulation has been done jointly with a U.S. Treasury yield simulation in a way that reflects the correlation among the 12 factors driving yields in each country. For more on the companion U.S. Treasury simulation, please contact the author. Both the Bund and the U.S. Treasury yield simulations impact foreign exchange…
Vivek Vishwakarma/iStock via Getty Images Income stocks have been left in the dust as growth stocks are what keep driving market indices to higher highs. While seeing capital gains can be nice, it’s income from various sources that pay the bills at the end of the day. Plus, dividends from these stocks can be a…
2d illustrations and photos Emerging Markets have become an after-thought for many investors today. With beyond a decade of severe underperformance to both large and small US stocks, the EM Index is rarely discussed among even macro investors. Consider that just in the last year, the broad EM ETF is up less than 10%, dividends…
Dilok Klaisataporn I’ve been bullish on CLO ETFs these past few years, due to their strong, above-average yields and performance track-records. The BlackRock AAA CLO ETF (NASDAQ:CLOA) is one of BlackRock’s forays in this area, with the fund focusing on AAA-rated CLO tranches. CLOA’s above-average 6.1% yield, strong performance track-record, and extremely low credit and…
NanoStockk/iStock via Getty Images Introduction Eagle Point Income (NYSE:EIC) is an investment company focusing on CLO debt, and as explained in a previous article, Steven Bavaria is an authority on this sector and I would strongly recommend you to read some of his older articles. This October 2022 article is perhaps 18 months old, but…
BlackJack3D/E+ via Getty Images What Is The Blackrock Science And Technology Trust? The BlackRock Science and Technology Trust (NYSE:BST) is an equity closed-end fund that invests in the technology sector. The fund has performed well since its inception in 2014, beating a variety of equity benchmarks along the way. Managed by BlackRock, the world’s largest…
arcady_31/iStock Editorial via Getty Images Kimco Realty Corporation (NYSE:KIM) is a well-managed real estate investment trust that is profiting from robust growth in rental rates in its metropolitan area-focused real estate portfolio. The REIT also has growing portfolio occupancy and in 4Q hiked its quarterly dividend pay-out to $0.24 per share. The shopping center trust’s…
Yuji Sakai International Paper Company (NYSE:IP) shows a 4.7% dividend yield and recent recommendations from investment banks. IP appears to be making significant transformations that include sale of assets and restructuring, which could accelerate with the recently elected CEO. In addition, I think that further repurchases of its own shares and reduction in the share…
McKevin Main Street Capital (NYSE:MAIN) seems one of the most coveted BDCs on the Street as the company has delivered consistent net asset value per-share growth over the life of the company. While Main Street consistently handed dividend raises to its shareholders, the BDC seems overpriced with a 58% premium to net asset value… which…
Pixelimage Trinity Capital (NASDAQ:TRIN) is a well-managed BDC that despite net realized losses in 2023 enjoyed substantial portfolio growth in the last year. The BDC also out-earned its dividend with net investment income as well as fully earned its special dividends paid last year. Trinity Capital is floating-rate positioned BDC, meaning the BDC should profit…
CalypsoArt I last wrote a bullish note on Realty Income (NYSE:O) in October here. The argument was its 6%+ yield, unmatched real estate diversification, conservative balance sheet, and lower-than-normal valuation were quite attractive for new investors. My earlier title still sums up the situation best, “Realty Income: Getting More Interesting With Same Price As 2015.”…
Whitepointer Modiv Industrial (NYSE:MDV) is probably one of the most unique equity REITs I’ve encountered. The internally managed small-cap REIT is focused on acquiring single-tenant net-lease industrial manufacturing properties in the US, with a portfolio of 44 properties at the end of its most recent fiscal 2023 fourth quarter. There has since been a disposition…
designer491 Federal Realty Investment Trust (NYSE:FRT) is a top choice for a passive income investors that value visibility of FFO and dividend growth as well as long-term appreciation potential. Federal Realty Investment is one of the oldest U.S.-focused real estate investment trusts in the United States that has delivered consistently strong results for shareholders in…
Tippapatt Thesis Credit Suisse Asset Management Income Fund (NYSE:CIK) is a name we have covered before extensively, with the last piece on the CEF dealing with the UBS / Credit Suisse merger and implications for their funds. In this article we are going to revisit the name on the back of a vicious rally in…