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Post by Chahta on Mar 21, 2023 15:12:28 GMT
Chahta , That’s right. If one is ok now great. I deleted that post as maybe too snarky. My gut, past experience and others’ thoughts point to a recession in a year or year and a half. Layoffs are picking up, banks are restricting loans and FED raises will kick in about uthen. The average recovery is 2.5 years. With no further blows to the economy that’s maybe 4 years of blah. I prepared for the worse and it worked so far. We spend the same or a little more. We’re in the slow go years but not ready to throw in the towel. Not snarky at all. You believe in max income and nothing wrong with that. My CEF component is part of a larger FI AA. But the volatility is not suitable to all. I once knew a guy that played roulette using “brass balls/deep pocket” method. 😀
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Post by steelpony10 on Mar 21, 2023 18:13:20 GMT
Chahta , That’s right. If one is ok now great. I deleted that post as maybe too snarky. My gut, past experience and others’ thoughts point to a recession in a year or year and a half. Layoffs are picking up, banks are restricting loans and FED raises will kick in about uthen. The average recovery is 2.5 years. With no further blows to the economy that’s maybe 4 years of blah. I prepared for the worse and it worked so far. We spend the same or a little more. We’re in the slow go years but not ready to throw in the towel. Not snarky at all. You believe in max income and nothing wrong with that. My CEF component is part of a larger FI AA. But the volatility is not suitable to all. I once knew a guy that played roulette using “brass balls/deep pocket” method. 😀 Ha Ha. Leverage and a limited number of shares give CEF’s that volatility not Putin peeing on some country. My book on investing would be titled “Markets Are Dead, Now What”? - A Roadmap to Reclaim Your Financial Freedom. I didn’t want to invest double or triple the amount in Aristocrats, utilities, REITS, conventional bonds or Voodoo investments for the same results so we settled on using a smaller basket of change, knew all the flaws and learned to look the other way and just take the money. Funny I have greater fear of equities then super charged bonds. I may have to cash equities first someday and I have no idea what they may be worth or what they may generate in cap gains. Munis, 3%+. PONAX 5%+, CEF’s 8-10%+ like clockwork year after year averaging about double my personal inflation rate when combined I can live with. So our bond types are about 75% now. Such easy money managed by highly reguarded investing professionals delivered monthly right on time.
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Post by uncleharley on Mar 26, 2023 13:36:13 GMT
There seems to be some insider buying at PDI. Insider Buy: Pimco Dynamic Income Fund BY MT Newswires — 4:17 PM ET 03/24/2023 04:17 PM EDT, 03/24/2023 (MT Newswires) -- David Nichols Fisher III, Director, on March 22, 2023, executed a purchase for 7,376 shares in Pimco Dynamic Income Fund (PDI) for $134,107. Following the Form 4 filing with the SEC, Fisher has control over a total of 25,093 shares of the company, with 13,720 shares held directly and 11,372 controlled indirectly. SEC Filing: www.sec.gov/Archives/edgar/data/1510599/000120919123021066/xslF345X03/doc4.xmlPrice: 18, Change: +0.06, Percent Change: +0.33 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.
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Post by xray on Mar 26, 2023 20:24:12 GMT
uncleharley, Norbert, Chahta, richardsok, anitya, FD1000, win1177, ---------- Yahoo Finance Why the biggest banks 'could be natural beneficiaries' of current turmoil: strategist JPMorgan, Wells Fargo, and Citigroup are among the big banking names seeing higher-than-normal deposits. U.S. banking: ‘Selection is going to be key’ for investors, strategist saysGrace O'Donnell·Editor, Special Projects Sun, March 26, 2023, 8:03 AM EDT The banking crisis that slammed U.S. regional banks has left Wall Street’s most powerful institutions largely unscathed, and the fallout may ultimately benefit the biggest players. After the sudden implosion of Silicon Valley Bank (SIVB) and Signature Bank (SBNY) rattled markets, the perception that the largest banks are "too big to fail" is seemingly making them more attractive to customers looking for safety.Stay ahead of the market "I do think that that's a natural kind of transition, and the bigger banks could be natural beneficiaries," Michael Arone, chief investment strategist for US SPDR Business at State Street Global Advisors, told Yahoo Finance Live (video above). "There's a perceived safety around moving those assets. Now, whether it's real or not, I think we'll find out. But I do think that there is this perceived safety of moving up in terms of those larger banks and deposits to those larger banks."While regional banks such as First Republic (FRC) and PacWest Bancorp (PACW) battle declining deposits, their larger counterparts such as JPMorgan (JPM), Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) have seen deposits surge. Bank stocks have taken a hit across the board, but large national bank stocks have remained relatively resilient compared to regional bank stocks, which continue to suffer the brunt of the selling. Over the last month, JPMorgan stock fell 6.6%, Citigroup dropped 10.9%, and Wells Fargo declined by 17.5% as investors remained jittery over liquidity concerns. At the same time, First Republic Bank stock plunged 86.7% while regional banks Zions Bancorp (ZION), PacWest, and Western Alliance (WAL) suffered declines of 35.7%, 59.9%, and 51.3%, respectively, amid contagion fears. 'We're really at a crossroads here in the banking industry'The favorability of large banks in some ways echoes the financial crisis of 2008 and 2009, with 11 of the nation's largest banks swooping in to stabilize First Republic with a $30 billion cash infusion. In 2008, it was JPMorgan Chase’s purchase of Bear Stearns and Washington Mutual that helped the investment bank become the powerhouse it is today.First Republic Bank (FRC)View quote details NYSE - Nasdaq Real Time Price (USD) 12.36-0.17(-1.36%) At close:4:04PM EDT 12.35-0.01 (-0.08%) After hours: 7:59PM EDT Experts say that the recent crises will likely change the banking landscape yet again."The current shake-up has created a lot of doubts about small and regional banks, and it would be a tragedy if those banks went away," Tassat CEO Kevin Greene said in an interview with Yahoo Finance Live. Greene cautioned that the U.S. could move toward a model of banking similar to European system, which has fewer institutions among other differences, saying that model "has been proven not to be good in terms of productivity, economic growth, and innovation." Greene also stressed that the number of small- and medium-sized banks that are operating across the U.S. near small businesses and borrowers are "the strength of the U.S. economy" and should be preserved. "We're really at a crossroads here in the banking industry," Greene said, raising the question: "Is our model for the future increasing dominance by a handful of banks?" Jamie Dimon, chairman and CEO of bank JPMorgan Chase & Co., pauses as he speaks during an interview in Miami, February 8, 2023. REUTERS/Marco Bello In any case, the growing influence of big banks was already underway before Silicon Valley Bank went under. According to Stephen Biggar, director of financial services at Argus Research, the number of FDIC-insured commercial banks in the U.S. more than halved in less than 30 years, going from 10,000 banks in the early 1990s to 4,700 today.“Bank consolidation has been a theme,” Biggar told Yahoo Finance. “I think this trend will continue. The small will get smaller the large will get larger. Interestingly, you would hope they also get safer the larger they get.”---------- Comments: 1.... Our "current" problem goes well beyong the banking industry (currently IMHO). Russia and China just concluded a three month summit with little press coverage. Putin stated: "We are in favor of using the Chinese Yuan for settlements between Russia and the countries of Asia, Africa, and Latin America"
Dollar share in global markets has shrunk from 70% to 60%. We currently (first time noticed by many analysts) where the dollar has been weakening rather than strengthening.... 2.... Our current debt has increased from 6.5 trillion on March/2003 to 31.5 trillion on March/2023. The FED has expanded their balance sheets from 730 billion to 8.7 trillion. We appear to be heading into a perfect storm .... 3... Markets do not like unknowns and we appear to be headed into a big unknown with current Government spending that leads many people to believe the government has no interest in ever paying any of the money back (continuous spending spree).... 4.... Current analysis data shows the market "shrugging" of the current problems and going higher.... 5.... Currently, LGI, RVT and USA are shown to be greatly undervalued.... 6.... The question for many income investors is tied to what % of total portfolio $ should I be invested at this time. Interesting question when measuring reality with "wishful thinking".... 7.... Food for thought as many have income investors have been building some cash reserves with selling some securities when they have gone x-div this month. Keep in mind that many securities go x-div in the Month's of March, June, September, and December. The months in between are free months to take advantage of the market up/downs.... 8.... PDI Comment: Keep in mind that this security keeps going down on each insider buy and some of us continue to wonder why investors keep buying into the security (until if turns around). Closed on Friday at 17.94 with a NAV of 17.27. Could be interesting if/when it does.... Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Mar 24/23 Mar 22/23 Fisher David Nichols III Direct Ownership COMMON SHARES P - Open market or private purchase Footnote and/or Remark 7,376 $18.18Feb 3/23 Feb 3/23 Steiner Jason Robert Direct Ownership COMMON SHARES Form 3 : Initial Statement of Beneficial Ownership of Securities Footnote and/or Remark Dec 22/22 Dec 21/22 Stracke Thibault Christian Direct Ownership COMMON SHARES P - Open market or private purchase Footnote and/or Remark 6,000 $18.98May 19/22 May 18/22 Stracke Thibault Christian Direct Ownership COMMON SHARES P - Open market or private purchase Footnote and/or Remark 7,500 $21.34 We live in interesting and dangerous times.... Live Long and Prosper....
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Post by richardsok on Mar 26, 2023 21:26:22 GMT
xray --
"8.... PDI Comment: Keep in mind that this security keeps going down on each insider buy and some of us continue to wonder why investors keep buying into the security (until if turns around). Closed on Friday at 17.94 with a NAV of 17.27. Could be interesting if/when it does...."
Bingo!
X ---- I would also just remark the PDI inside buys you cite are all relatively tiny ones and are spaced far and few apart. Heck, guys here on BB make bigger trades than those. For our part, I'd rank their significance somewhere 'round zip.
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Post by xray on Apr 2, 2023 20:45:59 GMT
NEWS PERSONAL FINANCE NEWS
Customers Have All But Stopped Pulling Deposits from Small Banks
The lenders lost $1 billion of deposits last week, dramatically less than the record $185 billion a week earlier By DICCON HYATT Published April 01, 2023
Deposits at small banks have stabilized after plunging after the sudden implosion of Silicon Valley Bank. Data from the Federal Reserve released Friday show that in the week following March 8, when the SVB bank run began, customers yanked $185 billion from banks smaller than the 25 largest lenders, the most since at least 1973.
The turnabout suggests that the government’s swift rescue of depositors at SVB and Signature Banks, which also failed, combined with regulatory backstopping of the banking system, may have eased concern among customers of smaller lenders.
In hearings before lawmakers this week, Nellie Liang, undersecretary for domestic finance at the Treasury Department, said the government would rescue depositors at smaller banks much like it did with Silicon Valley customers if there was a risk of a bank run causing a “contagion."
The data show the opposite happend at the largest 25 banks, where deposits swelled by $120 billion the week following the SVB crisis, only to fall by $96 billion the next week.
------------------------------------
Comment:
Verifies where the new market money is coming from (IMHO). Could have some volatile days ahead with the traders since 4/15 is coming up (where the traders normally leave the market and come back after Labor Day (September/October)....
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Post by xray on Apr 16, 2023 21:12:55 GMT
Chahta, steelpony10, uncleharley, richardsok, Some CEF's are performing well while unnoticed (undervalued) by income investors (looking forward). With that said.... Some noticeables currently: CEF .................. NAV/MktPrc ........... 10/15/22 crash ............ CommentsLGI .................. 17.07/15.28 ............... 14.71/13.45 .................... Normally pays added EOY (end of year distribution) to dividend / $0.09339/month RVT .................. 15.07/13.30 .............. 13.98/12.60 .................... Insider buying on 10/5/22 for 1600sh @ 13.42 / *$0.29/Qtr * RVT pays a " DISTRIBUTION" (not a consistent dividend like many others) and the distribution will " VARY" (against the market) which is good for " UP" markets but " extremely bad" for down markets. Many income investors " TRIM" their portfolio's during down markets and readily increase their " distribution type" portfolio's when the market turns up.... Live Long and Prosper....
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Post by Chahta on Apr 17, 2023 12:51:12 GMT
Isn’t insider buying a hood positive indicator?
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Post by retiredat48 on Apr 17, 2023 14:36:11 GMT
Thanks for posts, xray,... R48
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Post by xray on Apr 18, 2023 17:44:15 GMT
Chahta, Your: Isn’t insider buying a good positive indicator? ----- Yes and no. With that said.... Yes, when very recent and and measured against some of our previous "CRASH" data and against the current NAV's and Book Values.... No, when very old and the current NAV/Book Value is below fair value.... There are some other considerations however. Take EDI/EDF/GLO (insider 60k buying @ 5.05 on 2/8/23) /GLQ where none of us were holding these income securities because of the outrageous distributions they were paying (month to month) throughout 2022 at the expense of their NAV's. They reset their distributions in December to realistic numb3rs and now some income investors are starting to again observe them. I don't expect any big changes until the market starts to turn around where the NAV's will again be climbing and the "NEW" distributions announced will cause the "DISCOUNTS" to swell. In a down market, we must remember that distributions normally either adjust downward or are eliminated with other CEF's. With these securities because of a steady/reliable month to month "newly announced" distribution for the current year no matter what, not many investors will panic in either any up/down "unreliable market" during the 2023 year (IMHO).... Hope this helps some.... Live Long and Prosper....
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Post by Chahta on Apr 19, 2023 14:27:26 GMT
Isn’t insider buying a good positive indicator?
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Post by xray on Apr 28, 2023 18:54:42 GMT
Chahta, steelpony10, uncleharley, richardsok, retiredat48, Interesting data on my watch list today: DPG:Insider Buying @ 12.58 for 1,335 shares on 4/26 Comments: 1... @ substantial NAV "premium" 2... Normally does well in "UP" markets (MktPrc wide), "Badly" in down markets 3... "UP" $$0.46 in MktPrc, $0.85 in NAV 4... Normally considered a good buy when dividend is >10% and premium (in down markets) "narrows" CAPL(not a CEF) 1... 2 insiders processed "7" form #2's (showing ownership increases) on 4/24 2... recently announced a continued dividend of $0.5250/Qtr ($2.10/Yrly) for 4/24 3... "UP" $2.87 in MktPrc 4... Normally considered a good buy when dividend >9% with book value increasing 5... Normally a "EXCELLENT" buy when trading <$19.00 Live Long and Prosper....
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Post by richardsok on May 6, 2023 2:28:35 GMT
x:
I'm picking up fairly heavy insider buying of KDP and ADT.
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Post by xray on May 22, 2023 16:20:23 GMT
Chahta, steelpony10, uncleharley, richardsok, retiredat48, One of my favorites (not a CEF) back in the news: High-Yield Dividend Stocks You Probably Didn't Know Warren Buffett Owns By Keith Speights – May 17, 2023 at 5:50AM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Buffett has a few cards up his sleeve with these stocks. Warren Buffett isn't an income investor. However, his Berkshire Hathaway (BRK.A -0.51%) (BRK.B -0.28%) portfolio includes plenty of solid dividend stocks, some of which offer especially attractive dividend yields. But Buffett has positions in more stocks than you'll find in Berkshire's portfolio. Here are three high-yield dividend stocks you probably didn't know Buffett owns. 1. Ares Capital Ares Capital (ARCC 0.29%) isn't included among the stocks listed in Berkshire's regulatory filings. However, Buffett nonetheless owns a stake in Ares Capital. How? Berkshire's wholly owned subsidiary New England Asset Management (NEAM) holds a position in the stock. NASDAQ: ARCC Ares Capital Today's Change (0.29%) $0.06 Current Price $18.77 YTD 1W 1M 3M 6M 1Y 5Y PRICE VS S&P ARCC KEY DATA POINTS Market Cap Day's Range $18.70 - $18.88 52wk Range $16.51 - $20.69 Volume 691,493 Avg Vol Gross Margin 78.22% Dividend Yield N/A None of the stocks in Berkshire's direct portfolio come close to matching Ares Capital's dividend yield of 10.4%. Ares Capital offers such a high yield because it's a business development company (BDC). Like real estate investment trusts (REITs), BDCs must return at least 90% of their income to shareholders as dividends to avoid paying federal taxes. But Ares Capital isn't an ordinary BDC. For one thing, it's the largest publicly traded BDC. Ares Capital has also delivered much higher total returns than the S&P BDC Index since its initial public offering in 2004. I think that Ares Capital just might be the best ultra-high-yield dividend stock on the market right now. The company should have its pick of the most attractive financing deals thanks to the banking crisis. Its stock is also attractively valued, with shares trading below 7.7 times forward earnings. ---------- Comment: We must keep in mind that ARCG had a recent insider buy on 5/2 for 15,000sh at 17.84. My current data shows that the MktPrc normally runs between 18.62-18.70 in normal market activity. ARCC also has a buy attached along with a AI check* (IMHO).... *AI is currently and will always be, a variable for this year, as many additional changes are expected. I am currently using AI but the data will continue to be in question and any users of AI are reminded that current "additional" changes by originators will remain to be unknown to us.... Live Long and Prosper.....
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Post by richardsok on May 22, 2023 18:32:48 GMT
HM !
Might be one of your nicer catches, X. Confirm TipRanks 10/10 score, Mer Lyn "Buy", fully earned dividend and looking for greatly increased earnings next year. Decided to buy a small amount on this quiet afternoon. -- Small amount b/c the stock is already near its high and I am focused on the Debt Limit. I also see Wells Fargo regards the stock as fully valued; if so, I'm happy with the yield alone.
Any idea if the dividend is qualified?
Thanks for the heads-up.
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Post by xray on May 24, 2023 17:40:51 GMT
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Post by richardsok on May 24, 2023 18:00:31 GMT
X--- Sorry for being lazy. I went poking around on Google. The great bulk of the ARCC dividends are taxed at the "ordinary" rate.
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Post by xray on May 26, 2023 21:15:09 GMT
Chahta, steelpony10, uncleharley, richardsok, retiredat48, Something to look at if a income oriented investor: Motley Fool No-Brainer Stocks to Buy Right Now for Less than $30 Medical Properties Trust: Plenty of risk and reward
Medical Properties Trust's shares have fallen 33% so far this year, but I can't see the healthcare real estate investment trust (REIT) stock falling much further than the $7.9 per share it was trading at on May 24. Its shares have taken a hit because of a litany of woes -- a critical short-seller report, tenants with financial difficulties, and rising interest rates that make it more expensive to expand. All of that has made the company's dividend yield that much more enticing: It's now just north of 15%. Medical Properties Trust raised its dividend by 3.5% last year to $0.29, the 10th consecutive year it has boosted the dividend. With the difficulties the company is having, there's no guarantee a dividend increase is coming this year -- but with that high a yield, it doesn't matter. At least Medical Properties Trust has declined to cut the dividend, which seems safe with a 78.3% normalized funds from operation (FFO) payout ratio, well within safety limits for a REIT.The company is in the process of tightening its portfolio, and while that reckoning may lead to short-term bumps, the REIT will be healthier for it. On May 24, it completed a sale of seven hospitals in Australia. On May 1, CommonSpirit bought troubled operator Steward's hospital assets in Utah, diversifying Medical Properties Trust's portfolio; Steward, which had been responsible for 26% of Medical Properties Trust's leases, now is only responsible for 19.8%. The company also got good news on May 23 when tenant Prospect Medical Holdings was successfully able to reorganize its debt, signaling that it will renew lease payments to Medical Properties Trust in September. As part of the agreement, Medical Properties Trust sold its Crozer Health properties in Pennsylvania back to Crozer's parent Prospect Medical Holdings for a $155 million mortgage. While that's a big loss from the $420 million Medical Properties Trust paid for Crozer's real estate in 2019, it lessens the company's exposure to a distressed lessee. In the first quarter, Medical Properties Trust showed signs of progress, with normalized FFO of $0.37, compared to $0.21 in the prior quarter. However, reported revenue was $350.2 million, down from $380.4 million in the prior quarter. Medical Properties Trust's management is making prudent moves now that should pay off for its long-term investors. In the meantime, that 15% yield is very enticing. ---------- Live Long and Prosper....
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Post by richardsok on May 26, 2023 22:37:38 GMT
X -- So MPW is selling off far-flung hospitals it never should have bought at inflated prices in the first place -- but still has the same number of common shares receiving dividends -- ergo fewer performing assets are generating revenue for the same number of shares. OK, maybe MPW really is becoming leaner and meaner -- but I've read enough about their sketchy reporting, corporate jets and new travails of their tenants to be suspicious of more potential spin.
I can do well enough without the 15% dividend, but if I were to buy 5000sh or so and then took a sudden 20% price haircut on another surprise revelation in the news, well, it would ruin my whole week.
As an alternative, if you're going to reach for yield, let me call attention to DSX. Enormous insider ownership. Yes, I know the BDI Baltic Dry Index took a great hit 15 months ago, but it seems to have recovered from its lows and is now bouncing around previous support. Nevertheless, even at these low rates, new earnings are just out and exceed estimates, DSX just announced a special dividend and its boffo dividend is covered. TipRanks 6/10 (MPW: 3/10)
Call me a fool, but there's still something romantic about owning a fleet at sea, cleaving the waves on starry nights, and bound for exotic ports.
Not a recommendation; just chatty comparison. Do yr own due dil.
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Post by xray on May 28, 2023 21:14:27 GMT
uncleharley, Norbert, Chahta, richardsok, anitya, FD1000, win1177, Something to look at if a income investor: The Motley Fool FREE ARTICLE Join Our Premium Members And Get More In-Depth Stock Guidance and Research Why Is FS KKR Capital Group's Dividend So High? By Courtney Carlsen – May 27, 2023 at 7:45AM FS KKR Capital Group lends to middle-market companies, which it believes are underserved by larger institutions. Its tax structure requires it to pay out 90% of its net investment income to shareholders. It offers an attractive high-yield dividend, but investors should consider the risks before buying. 10 stocks we like better than Fs Kkr Capital NYSE: FSK Fs Kkr Capital Market Cap Today's Change (0.79%) $0.15 Current Price $19.18 Price as of May 26, 2023, 4:00 p.m. ET You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. This stock yields more than 14%. Is it right for your portfolio? When investing for passive income, the allure of high-yield dividend stocks is undeniable. Dividend stocks can be an excellent addition to any portfolio because of their income and potential capital appreciation. High-yield dividend stocks promise big payouts and can appeal to income investors looking for income streams. Like any investment, high-yield stocks come with their share of risks that investors should know about. One high-yielding dividend stock is FS KKR Capital Group (FSK 0.79%), which has a yield of 14.7%. Read on to see why FS KKR Capital's dividend is so high, as well as whether it's a good investment to add to your portfolio. What makes FS KKR Capital's dividend so high? FS KKR Capital is a business development company (BDC) and regulated investment company for U.S. federal income tax purposes. The most important takeaway from this is that the company must distribute 90% of its net investment income to shareholders in the form of interest, dividends, or capital gains. This tax structure is a primary reason BDCs offer high dividend payouts for their shareholders. FS KKR Capital primarily invests in debt in private, middle-market companies in the U.S. These companies have annual earnings before interest, taxes, depreciation, and amortization (EBITDA) of $25 million to $100 million. It primarily serves middle-market companies because it believes that traditional financial institutions neglect these companies in favor of larger, more established businesses. Even though middle-market companies represent a significant portion of the growth in the U.S. economy, a limited number of investors are willing to extend loans to them, partly because of the risk of holding these loans. These companies require more oversight, active participation, and monitoring by lenders to evaluate risks on an ongoing basis -- and FS KKR Capital believes it has the platform to do this. Market Cap Day's Range $19.05 - $19.27 52wk Range $16.54 - $22.29 Volume 503,609 Avg Vol Gross Margin 79.19% The risks of lending to middle-market companies FS KKR Capital aims to take a prudent approach to its investments. It looks to invest in companies with strong competitive positions within their industries that are profitable and generate good cash flow. It also looks to invest in management teams with a track record of success. While it takes a systematic approach to its investments, it's not without risk. Lending to private middle-market companies comes with the risk of not having as much information as with publicly traded companies. If companies cannot repay their debts, there is the risk of loan defaults. If the economy were to slow significantly, many middle-market companies could feel the pressure, and some may be forced out of business if cash flows don't adequately cover their loan repayments. FS KKR looks to mitigate these risks in a few different ways. For one, 69% of its investments are in senior secured first-lien or second-lien loans. This means that if one of its borrowers cannot repay its debts, it would have priority over other creditors when it comes to getting repaid on its loans. In addition, 61% of these loans are first-lien, meaning the company would have priority over all others when being repaid. It also spreads its risks among various industries. The top industry investments are in software and services (16.5%), capital goods (15.4%), healthcare equipment and services (12.8%), and commercial and professional services (11.6%). An excellent dividend stock, if you don't mind the risk FS KKR Capital is an appealing dividend stock because of its high yield. Another attractive feature of the company is that 70% of its debt investments are in variable interest rate loans, meaning when interest rates rise, its interest income increases with them. The average yield on its debt is 11.4%, up from 8.7% at the end of 2021. As a result, its interest income in the first quarter grew 25% from the same period last year.Most of its loans are performing in line with expectations, too. At the end of the quarter, 6% of its loans are underperforming, meaning there is some concern about a loss of interest or dividend payments, or a risk of not recovering its principal investment. A weakening economy could pose a risk to the business and result in an uptick in underperforming loans. If you're OK with these risks, FS KKR Capital could be an excellent high-yielding dividend stock to add to your diversified portfolio. ---------- Comment: FSK, by my single analysis, indicates a normal trading range >18.00. Last insider buy was for 5,000sh @ 19.66 on 3/2. FSK, by analysis is shown to be (single opinion) a 5* investment.... Live Long and Prosper....
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Post by xray on May 28, 2023 21:29:48 GMT
uncleharley, Norbert, Chahta, richardsok, anitya, FD1000, win1177, For what it is worth: Current computer data, FOR THE CURRENT WEEK, shows ARCC, AVK*, CAPL, FSK, GLP, GPP, KYN*, LGI*, MFD*, RVT*, THW*, USA*, as currently being undervalued. Some others are marginal (knocking on the door) and indicates a rising market.... * indicates a CEF security Live Long and Prosper....
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Post by richardsok on May 29, 2023 1:29:21 GMT
Looks like your CAPL just had a pretty deep earnings miss. ARCC looks healthiest.
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Post by richardsok on May 29, 2023 12:16:31 GMT
X --
Don't quite understand your post. The author mentions "ten stocks he likes better than FSK" but never specifies which ones. Then YOU conclude "FSK is a 5* investment".
It's hardly 8 AM here in Florida and I'm confused already (!)
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Post by xray on Jun 1, 2023 17:27:30 GMT
uncleharley, Norbert, Chahta, richardsok, anitya, FD1000, win1177, richardsok, Your: 1... May 28, 2023 at 9:29pm ReplyQuotePost Post by richardsok on May 28, 2023 at 9:29pm Looks like your CAPL just had a pretty deep earnings miss. ARCC looks healthiest. richardsok 2... May 29, 2023 at 8:16am ReplyQuotePost Post by richardsok on May 29, 2023 at 8:16am X -- Don't quite understand your post. The author mentions "ten stocks he likes better than FSK" but never specifies which ones. Then YOU conclude "FSK is a 5* investment". It's hardly 8 AM here in Florida and I'm confused already (!) ---------- 1... CAPL had another insider buy of 1,000sh @ 18.32 on 5/30. I recalculated CAPL insider against their MktPrc and determined that they are probably correct in raising their insider MktPrc buying to 18's+ (to 18.50) as the lowest price for current buying activity. I had always stated that <18 was a great buy. So, with the current information and analysis, I am raising my maximum to "19.00". In addition, CAPL went to 18.37 in early trading today.... ..... ARCC was up today at 11.75 in early trading.... 2... Sorry about that. I don't normally post any additional information that I am not normally tracking at the moment. I am always of the opinion that investors have the article name and author and can get the additional information that they need or want. Normally (in my opinion), I have found that the additional securities mentioned or not mentioned are not equivalent in the different parameters of interest that we all follow). FSK was up to 19.61 in early trading today.... Keep in mind that some of us are income oriented investors and our individual analysis will vary considerably when analyzing any particular security against the many others where the dividend or distribution may make the difference in making any final decision. In addition, we must keep in mind that the "stability" of the MktPrc (against the securities ever changing book value or NAV) plays a major factor if/when "maintaining" a dividend or distribution of >10%. Our MktBuyPrc is very important in the scheme of things (IMHO).... Live Long and Prosper....
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Post by bb2 on Jun 2, 2023 20:39:24 GMT
Re: DSX from the last call, May 26,2023: "we have provided clear guidance of our intention to declare a quarterly dividend of $0.15 per share for the next two quarters of 2023." (Which is the current amount.) (DSX is in my shipping watch list. BTW ETF's include BOAT and SEA.) ZIM eliminated their div in May and the stock dropped from 17.50 to 13ish over the next few weeks. Up 7+% today to 14.20ish. Shipping guy, Mintzmyer, seems to like ZIM but that was b4 the div elimination. Also, Scorpion in the tanker biz - This one has quite a bit of positive thinking around it. I like SFL and have owned it in the past but sold last year after the craze. Diversified. 50% container. (Even have a couple jack-up rigs.) 3 year old interview with SFL CEO: www.youtube.com/watch?v=1ZI3Yonn_S4 Ownership discussed around minute 3:30. John Fredriksen owns ~20%. www.marketscreener.com/quote/stock/SFL-CORPORATION-LTD-14366/company/(I guess if you're a billionaire, Cyprus is the place to be. This is the one thing that gives me pause about SFL - not sure I want to invest with anyone who leaves their own country to hang with Russian oligarchs.)
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Post by bb2 on Jun 4, 2023 18:23:32 GMT
Re: Maritime. Far as I can tell, the recent boom is over. Only tailwinds might be the supply, (ship building is very slow now as new regulations set in and the pandemic factor lingers, as everywhere) and the huge drop, maybe overdone, in many of these stocks. If a company didn't build up the balance sheet the last couple years, I'd be suspicious of them. I golf with a guy in the business and will ask next time I see him. He's busy - all over the world all the time so it may a while.
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Post by richardsok on Jun 4, 2023 18:54:09 GMT
I' own a small bit of SBLK and wish I didn't. No earthly reason to sell now as it's in the IRA. So just tucked in a corner to hold & ride for the dividend stream. It's frustrating b/c I thought I knew better -- disregarded my own trading rules. I also watch BOAT and SEA. No silver lining yet.
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Interesting front page headline in today's on-line WSJ:
Bearish Bets Against S&P 500 Are Surging, Despite Love for Big Tech
Index would be negative for the year without the contribution of seven big tech companies
Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007. At the same time, they are preparing for a rally in the technology-focused Nasdaq-100.......
The divergence in positioning reflects the fragility of the 2023 stock rally, strategists say......
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....also... the Saudis just agreed to voluntarily cut production 1 million barrels a day. Members are concerned about declining demand for crude.
FWIW.
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Post by xray on Jun 9, 2023 17:13:38 GMT
xray, uncleharley, Norbert, Chahta, richardsok, anitya, FD1000, win1177, richardsok, Your: Bearish Bets Against S&P 500 Are Surging, Despite Love for Big Tech Index would be negative for the year without the contribution of seven big tech companies Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007. At the same time, they are preparing for a rally in the technology-focused Nasdaq-100.......The divergence in positioning reflects the fragility of the 2023 stock rally, strategists say...... ....also... the Saudis just agreed to voluntarily cut production 1 million barrels a day. Members are concerned about declining demand for crude. FWIW ---------- You might want to look at USA (closed-end fund) that I use to track the S&P: USAThe fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of large cap companies. The fund benchmarks the performance of its portfolio against the Lipper Large-Cap Core Mutual Fund Average, the Dow Jones Industrial Average, the NASDAQ Composite Index, and the S&P 500 Index. Liberty All Star Equity Fund was formed on October 31, 1986 and is domiciled in the United States. USA had insider buying activity on 6/7 for 2500sh at 6.12. USA is a "Qtrly DISTRIBUTION" type (not dividend) and if/when the market reverses (from negative and neutral) and starts to go up, the distribution will increase. The current distribution is $0.15/Qtr down from $$0.16 from /Qtr last July. In effect, if/when USA declines <$6.00, income investors will get 10% while waiting for the CEF turnaround.... USA, by computer analysis of last crash numb3rs (single opinion) is a very good buy <5.85.... Live Long and Prosper...
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Post by richardsok on Jun 9, 2023 20:46:20 GMT
Thanks, x.
I've looked at USA many times. It is consistently too volatile for me. I prefer SPYI, IOO, QQQ, QYLD or, at these heights, even hedged HEQT for wide market exposure.
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Post by xray on Jun 10, 2023 13:54:02 GMT
richardsok, Current market is volatile and thus USA will follow.... Live Long and Prosper....
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