This is the regular posting of the review of “Expected dividends and current holdings” of the #HYHRD portfolio.
The title reflects expected dividends for next week.
The spreadsheet for each individual account, along with the monthly balances and yearly dividends are now found in the tradelogs workbook. However, only the tradelogs page with all the aggregate information is posted. The individual account pages, etc., are not posted (to save time and space).
This post will examine upcoming dividends and current holdings.
Google Drive has the most recent workbooks accessible, in my public files area.
For all of our total shares (only shown on the Google sheets under the Real Results tab on my blog), the Expected Dividends from the currently held position(s) across the HYHRD portfolio are ($16,859.06/year), and the dollar amount(s) invested in position(s) total ($165,775.95). The YIELD ON COST for the #HYHRD portfolio holding(s) is 10.169785%, according to the calculations that were just done. This does NOT consider capital gain/loss, but that will be reflected on the tradelogs if/when shares are either called or sold. Do your homework and do your own due diligence! YMMV!
These are the expected dividends next week;
- 1st – BGCP $84.68 JPS $3.88 MSEX $0.72
The large variations in dividend income each month is due to the ‘small month, small month, big month’ dividend cycle, when some quarterly paying dividend issues do not pay a dividend until 1 or 2 months later. At that time, we will witness the ‘big month’ dividend cycle (usually January, April, July, October).
Mr. Market may have different ideas than you or I, so it’s always a good idea to at least have a look each day. I don’t like buying when the market is going down, but I don’t mind buying so much when the market is going up.
While we’re on the subject of dividends;
Qualified dividends are a type of dividend to which capital gains tax rates are applied. These tax rates are usually lower than regular income tax rates. To this end, I will aim to hold mostly qualified dividend paying stocks and/or ‘tax-free’ issues in our joint (taxable) brokerage account(s).
Here are the tax brackets for 2014;
Here are the tax brackets for 2015;
As of April 16th, I have decided that no issues will be DRIPped. Part (or ALL) of the cash in our accounts will be withdrawn each month on an ‘as needed’ basis. Preferred shares can NOT be DRIPped.
Again, to see our current holdings;
Just click here (will open in a new window).