#HYHRD: Dividends/Holdings 10/29 $ARR-B $BBK $BDJ $BFK $BGH $BKN $BTA $CMU $CSQ $CXE $DFP $DHF $DHY $EAD

This is the regular posting of the review of “Expected dividends and current holdings” of the #HYHRD portfolio.

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).

I only post for my holdings, but they’re as accurate as I can make them. The symbols are; ARR-B, BBK, BDJ, BFK, BGH, BKN, BTA, CMU, CSQ, CXE, DFP, DHF, DHY, EAD, EVN, FFC, FHY, FLC, FMN, FPF, GOF, GUT, HHY, HIX, HPF, HPI, HPS, IQI, IVH, JPC, JPI, JPS, KIO, LDP, LEO, MAV, MFM, MHI, NAD, NMZ, NRO, NVG, NZF, OIA, PDT, PFD, PFO, PHK, PHT, PMF, PML, PMM, PMO, PMX, PSF, RFI, RNP, RQI, UTF. Quite a list, eh? (59 total issues held; 0 common stocks, 1 Preferred issue, and 58 CEFs, of which 23 are tax-free muni CEFs.)

This post examines recent & 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 $14,876.17/year. This figure is taken from the Holdings tab. The dollar amount(s) invested in position(s) are shown on each account’s page. The YIELD is also shown on those pages. This does NOT consider capital gain/loss, no does it consider accumulated dividends. Do your homework and do your own due diligence! YMMV!

These are the expected dividends for the next couple of weeks (no amount means ex-dividend date is in the future or no dividend was earned);

  • October
    • 31st – BDJ $28.37 CMU $1.77 CXE $2.96 DFP $11.17 FFC $18.09 FLC $17.94 GOF $32.78 HPF $17.08 HPI $16.94 HPS $17.12 IQI $0.26 IVH $44.17 KIO $52.62 LDP $32.39 LEO $0.26 MAV $2.69 MFM $3.35 MHI $3.19 NRO $11.60 OIA $0.24 PDT $4.32 PFD $21.92 PFO $17.07 PHT $46.50 PSF $34.16 RFI $10.00 RNP $9.92 RQI $9.60 RSOPRC $161.72 UTF $10.05 interest $1.56
  • November
    • 1st – BBK $0.24 BFK $0.26 BGH $98.28 BKN $0.24 BTA $0.25 EAD $101.04 FMN $0.47 JPC $54.96 JPI $19.87 JPS $26.83 NAD $0.27 NMZ $4.00 NVG $0.27 NZF $0.27 PHK $56.04 PMF $0.27 PML $0.27 PMM $0.37 PMO $0.59 PMX $0.27
    • 2nd – CSI $22.88

    Presented another way, here is the sheet I use to record the dividends;


    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). This will actually be less prominent now that most of our holdings pay monthly. Currently, we receive $914.57 per month from our 37 monthly payers. Our 9 quarterly paying holdings pay out $861.88 per quarter, which is roughly equivalent to $287.29 per month. That means our projected (but not actual) income is ~$1,201.86 per month, ~$3,605.59 per quarter, and of course $14,422.36 per year. The first month of each Quarter (JAJO) has ARIPRA paying $53.91, CLNYPRC paying $133.59, CMREPRD paying $164.06 for a total of $351.56. The second month of each Quarter (FMAN) has CSI paying $36.38, RSOPRC paying $161.72, STK paying $138.75, TOOPRB paying $159.39 for a total of $496.24. The third month of each Quarter (MJSD) has RNP paying $7.09, RQI paying $7.00 for a total of $14.09. Given all of that, then, the quarterly dividends received should be ~$1,266.13 for the first month each quarter, ~$1,410.81 for the second month each quarter, and $928.66 for the third month each quarter. But, it gets even more complicated than that… (Information accurate as of 8/27/16 – For most up-to-date info, see the google sheets).

    UPDATE: September 15th, 2016 – RNP & RQI just changed to monthly dividends, so the above info is no longer valid. 😉

    UPDATE: October 8th, 2016 – Our holdings only pay monthly dividends, so the above info is no longer valid. 😉

    If you look at my google sheets, there’s a tab for dividends. When you click that and scroll down, you’ll see something like this;


    I’ll keep that updated on my sheet, but the picture above is just to give you an idea of what it might look like.

    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 really like buying when the market is going down, but I don’t mind buying (or selling) 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 September 27th; FFC, FLC, GOF, GUT, MAV, MHI, PFD, PFO, PHK, PHT, PMF, PML, & PMX will be DRIPped in Fidelity accounts because they reinvest at a discount! I just love a bargain! Capital One (sharebuilder) doesn’t offer this.

    Also, as of September 24th, I have decided that no holding paying over $25.00 for the next dividend will be DRIPped in our Roth IRA accounts, except FFC, FLC, GOF, GUT, MAV, MHI, PFD, PFO, PHK, PHT, PMF, PML, & PMX (already being DRIPped!). Everything in our Fidelity joint brokerage account and my IRA will be DRIPped. This information is shown on the Google sheets on the Dividends tab. The Capital One (Sharebuilder) account is now being DRIPped. (And, preferred shares can NOT be DRIPped.)

    Part (or ALL) of the cash in our accounts will be withdrawn each month on an ‘as needed’ basis. I would like to retain about half of the settled cash in each account for further investing.

    Again, to see our current holdings;

    Just click here (will open in a new window).


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
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