#HYHRD WL w/e 5/21 $AFSI $CBL $CLNY $CMRE $CORR $DLNG $DSX $GLOG $KMI $MFA $MHLD $NRF $SSW $TNP $TOO

This Watch List Update is now issued weekly, usually on Fridays, and/or the last trading day of the week. This is my compilation from this past week.

Hindsight can be 20/20, foresight not so much.

My expectations for the #HYHRD (High Yield High Return Dividend) Preferred Portfolio:

I target a minimum 6% fixed and cumulative dividend yield.

I can’t always hit them, but those are my targets.

Lot’s to do, so let’s get to it.

Last Week’s screening watch Lists;

I *try* to screen the morning before the market opens each day, and then compile the results and post by the end of the trading week.

I am now screening for and investing in Preferred Securities (Symbols are different almost everywhere you look, but the underlying and the description(s) should help you figure out which one(s) might warrant some further DD on the platform of your choice).

Following are the screening results and updated activity list of preferred shares for the #HYHRD portfolio;

Preferred Screening Watch List Update

This Watch List Update is now issued weekly, usually Fridays, and/or the last trading day of the week. This is my compilation from this past week. Results of this and past screens can be seen on my blog, under Real Results (click on Preferred Watch List).

Lot’s to do, so let’s get to it.

Last Week’s screening watch list updates;

I *try* to screen the morning before the market opens each day, and then compile the results and post by the end of the trading week.

I mainly use FREE stock screeners on fidelity.com (you need to register to save your screens, but it’s worth it, IMHO).

Preferred Stock Screens

The “Preferred Securities (modified)” screen from the “Expert” screens section on fidelity.com that I have modified; This screen looks for; Revenue Growth (TTM vs. Prior TTM) Is greater than or equal to 2.5%, Cash Flow Growth Rate (5 Yr) Is greater than or equal to 9.5%, Dividend Yield (Annualized) Is greater than or equal to 8%, Interest Coverage Is highest/lowest % in market (Highest 60%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.004 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

The “Preferred Securities (Greater Interest Coverage)” screen from the “Expert” screens section on fidelity.com that I have modified; This screen looks for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 60%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 60%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 60%), Interest Coverage Is highest/lowest % in market (Highest 60%), Security Price Is less than or equal to $25, Volume (90 Day Average) Is greater than or equal to 0.004 (Millions).

The “#HYHRDPreferred” screen that I have ‘tweaked’ a bit from the “Expert” screens section on fidelity.com. I look for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 60%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 40%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 40%), Interest Coverage Is highest/lowest % in market (Highest 40%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.006 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

The “#HYHRDPreferredTop20-20-20-40” screen that I have further ‘tweaked’ a bit from the “Expert” screens section on fidelity.com (I like this one best). I look for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 20%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 20%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 20%), Interest Coverage Is highest/lowest % in market (Highest 40%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.006 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

There’s other criteria that I use, and that further limits the number of stocks that will pass each screen. I believe that all of this criteria, when considered together, yields ‘higher quality’ results.

I also get tips from fellow traders on StockTwits and even from articles written for Seeking Alpha, and some of those tips are quite good. Some are notoriously bad, though, so I still need to due my own own DD (That’s Due Diligence, for the n00bz!). Of course, if a stock looks bad on first pass and has never passed any of my screens, my scrutiny is a bit on the tough side, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!

I used the following Preferred screens this past week, and the dynamic (changes every week) screen results are shown below;

Here’s the updated ‘pass list’ using the “Preferred Securities (Greater Interest Coverage)” screen; afsi/pa cbl/pd cbl/pe clny/pb clny/pc corr/pa glog/pa mfa/pb mh/pc ssw/pd ssw/pe too/pa

UPDATE: 5/2/16 I did more research on the screening results from the preferred stock channel website, and again decided not to use those results, except for “unusual opportunities”.

nrf/pa nrf/pb nrf/pc nrf/pd nrf/pe gfncp cmre/pc cmre/pd dlng/pa dsx/pb kmi/pa too/pb tnp/pd oaks/pa

* – preferred stock symbols are not included in the subject of the post, but I have included the underlying stock symbol
* – preferred stock symbols vary depending on your platform, and are not supported on StockTwits

I am now screening for and investing in Closed End Funds as well as running another screen for Total Return, looking for a minimum 20% Total Return.

Thosse results are placed on a spreadsheet and then I do some further research and/or charting to try to determine the ‘best’ choice(s) for investment. The results are not reported in this post, but you can check out my spreadsheet(s) on my blog or in other posts.

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
This entry was posted in dividend portfolio. Bookmark the permalink.