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Post by Broozer on Aug 6, 2023 0:42:27 GMT
Still have PDI, GOF, and HYI, no reason to sell any of them. Although because HYI is going to close in about two years, I may slide that over to DSL in the near future.
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Post by xray on Aug 10, 2023 17:41:04 GMT
MY: The market has had many up/down cycles (minor & major) in the past year. I had my computer (single opinion of course) look at all of these up/down cycles (of everything I currently track)and give me 12 of the best performers (with DISCOUNTS, dividends and distributions, NAV'S, and BOOK VALUES "LOOKING FORWARD" and not >7 months historical as part of the equation). Interesting results (with the caveat that markets and security performance is always changing so todays analysis data is only good for Monday).... Top 12: By data selection GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* * = a CEF I then added a new additional criteria to identify any of the above securities listed that increased their NAV (for CEF's) and MktPrc (for those securities without NAV's) by 2% or more this past Friday when the market jumped substantially: RVT +3% USA +2% KYN +2% This indicated to me that these three CEF's were currently undervalued by the market on Friday and some investors, who had these particular securities on their watch lists, exercised a "BUY" on Friday when the market turned positive (again IMHO)....
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Top 12: By data selection GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* * = a CEF
No change except for number of shares and CapGain changes. Computer shows market increasing (DOW, S&P, etc) but the normal market is not responding to market increases (selective securities). This morning analysts predict "oil" securities should be increasing over the next year period.... Taking notice of ECC's article this morning on their increase of dividend for next three months....
Live Long and Prosper....
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Post by mnfish on Aug 12, 2023 10:50:14 GMT
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Post by shridog on Aug 12, 2023 12:36:54 GMT
Section 19 notices were received for PDI, PDO, PAXS, PHK, and PFN last month around July 17. I did not check the other PIMCO CEFs but would assume similar notices. ROC ranged from 21% to 47% of that month's distribution. Of course that could change when they complete the full year.
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Post by steelpony10 on Aug 12, 2023 14:44:13 GMT
shridog , www.investopedia.com/terms/r/returnofcapital.asp#:~:text=Return%20of%20capital%20(ROC)%20is%20a%20payment%2C%20or%20return,investment%20accounts%20return%20gains%20first. If one invests in CEF’s for income only ROC isn’t a dirty word. Many use ROC for short periods. Some ROC is good like when investing in MLP’s. Any ROC I receive in a taxable account can be tax free. Here’s something that may give you a stroke though, sorry. We invested a half amount in CLM (the Satan of bad ROC for 40 years) at about a 50% discount* somewhere around 2010. We got all our money back probably around 2013. We’ve been collecting someone else’s money at a 15-20%+ clip for 10 years. It has a very high AUM. Lump me in with those other stupid investors. Sometimes if you overlook flaws greed pays (think high PE’s). In contrast how are equities or conventional bonds doing for anyone under these market conditions? When will they offer better cash flow when inflation is 5%? I’m not fond of SPAM or MRE’s after a lifetime of hustling for dollars as my just reward. *It’s at a premium now offering cap gains, who knew.
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Post by retiredat48 on Aug 12, 2023 15:27:38 GMT
mnfish,...thanks for article. I read it fully this am. Not very impressed with the article. It is all centered on PIMCO and eg PDI not reporting Return of Capital (ROC) in divy payouts up to the time period discussed (article is in march 2023). It implies PIMCO is cheating. In this regard, do we really believe PIMCO would expose its billions and billions bond empire on a small CEF, cheating?? PIMCO actually replied in writing several times to them stating no ROC to date.Going forward since March...Sure, it was suspected PIMCO may have to use some ROC going forward to MAINTAIN the high dividend. And it did. PIMCO recently issued section 19A's to shareholders informing of this for PDI (example). The article does discuss that PIMCO is heavily using SWAPS for investing. However, article does not discuss that this may be deferring some income to late in 2023, whereby ROC may be reduced or gained back...accounting features. Lastly, last year PIMCO had end-of-year special distributions in December. If similarly earned this year, can be used (instead of issuing spcl. divy's) to pay back ROC aspects. We shall see. BTW since article distributed in March, PDI has gone from about $17/share to about $19/share in price!! R48
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Post by richardsok on Aug 12, 2023 16:49:31 GMT
Agree, R48. Still, must note XPDIX (the NAV) has been been a concern; not as weak as its cousin XPDOX, but hardly robust. I"m holding my block of PDI, but am not buying anymore. What investing management does Behind The Green Door is a perpetual guess.
May add incrementally to FINS, HIX and FSCO. All doing well.
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Post by xray on Aug 12, 2023 18:43:09 GMT
My: ---------- Updated: GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* CAPL * = a CEF
1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): 10.50% 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 12.52 GLO 8/9 15,000sh 5.04 ... current MktPrc 4.93 6/15 20,000sh 4.94 GLQ 8/9 15,000 6.27 ... current MktPrc 6.13 6/15 20,000sh 6.20
Live Long and Prosper....
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Post by Chahta on Aug 12, 2023 23:09:49 GMT
Interesting article. It would seem if PIMCO was cheating the SEC would soon catch up with them.
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Post by retiredat48 on Aug 13, 2023 3:07:17 GMT
Interesting article. It would seem if PIMCO was cheating the SEC would soon catch up with them. Chahta,...I was wondering, how da hell does someone get seven stars after their name?? Then I went and counted and now realize I have six stars after mine!! OOPS. R48
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Post by mnfish on Aug 13, 2023 11:04:11 GMT
shridog , www.investopedia.com/terms/r/returnofcapital.asp#:~:text=Return%20of%20capital%20(ROC)%20is%20a%20payment%2C%20or%20return,investment%20accounts%20return%20gains%20first. If one invests in CEF’s for income only ROC isn’t a dirty word. Many use ROC for short periods. Some ROC is good like when investing in MLP’s. Any ROC I receive in a taxable account can be tax free. Here’s something that may give you a stroke though, sorry. We invested a half amount in CLM (the Satan of bad ROC for 40 years) at about a 50% discount* somewhere around 2010. We got all our money back probably around 2013. We’ve been collecting someone else’s money at a 15-20%+ clip for 10 years. It has a very high AUM. Lump me in with those other stupid investors. Sometimes if you overlook flaws greed pays (think high PE’s). In contrast how are equities or conventional bonds doing for anyone under these market conditions? When will they offer better cash flow when inflation is 5%? I’m not fond of SPAM or MRE’s after a lifetime of hustling for dollars as my just reward. *It’s at a premium now offering cap gains, who knew. "50% discount* somewhere around 2010" - CLM's share price has fallen 75% since Dec 2010 "We got all our money back probably around 2013." - PortVis shows that $10k invested in Dec 2010 would have produced $11k in distributions by the end of 2015 and with dist reinvestment one would have $27,835 today. If you spent all the money your $10k would be worth $2,472 today. "We’ve been collecting someone else’s money at a 15-20%+ clip for 10 years" - CLM has reduced its distribution by 74% since 2010 "It has a very high AUM" - Assets Under Mgmt?? CLM Fund 2022 annual report states Nets Assets of $1.4B - Very high??
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sam
Lieutenant
Posts: 123
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Post by sam on Aug 13, 2023 15:33:06 GMT
My: ---------- Updated: GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* CAPL * = a CEF 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): 10.50% 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 12.52 GLO 8/9 15,000sh 5.04 ... current MktPrc 4.93 6/15 20,000sh 4.94 GLQ 8/9 15,000 6.27 ... current MktPrc 6.13 6/15 20,000sh 6.20 Live Long and Prosper.... What do you like about ARCC or any BDCs?
Uptil 2007 most BDCs have been very rewarding to investors as you have all the 3 component of growth
Dividend/distribution Dividend Growth Stock and NAV/Book value Appreciation
From 2009, most big and popular on investing forums merged, allied (AFC), and American Capital (ACAS) with ARCC.
They have little bit appreciation of ARCC book value but stock price is kind of flat over a decade + and there is none to very little dividend/distribution increase. So it is like a Bond with equity like volatility.
There were numerous WSJ articles, how management is enriching themselves. Even though as investor in BDC you are buying management stake, but these people still manage to pay themselves exuberant amount and investor only get to keep modest dividend. I guess management has figured it out as long as they keep dividends around this level with yield close to 10%, most of mom and pop investors will be happy.
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Post by Chahta on Aug 14, 2023 12:38:50 GMT
Interesting article. It would seem if PIMCO was cheating the SEC would soon catch up with them. Chahta,...I was wondering, how da hell does someone get seven stars after their name?? Then I went and counted and now realize I have six stars after mine!! OOPS. R48 Because I post too much. When YBB was actively posting he had more posts than me. 😀
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Post by xray on Aug 17, 2023 14:47:39 GMT
sam, Your: What do you like about ARCC or any BDCs? Uptil 2007 most BDCs have been very rewarding to investors as you have all the 3 component of growth Dividend/distribution Dividend Growth Stock and NAV/Book value Appreciation From 2009, most big and popular on investing forums merged, allied (AFC), and American Capital (ACAS) with ARCC. They have little bit appreciation of ARCC book value but stock price is kind of flat over a decade + and there is none to very little dividend/distribution increase. So it is like a Bond with equity like volatility. There were numerous WSJ articles, how management is enriching themselves. Even though as investor in BDC you are buying management stake, but these people still manage to pay themselves exuberant amount and investor only get to keep modest dividend. I guess management has figured it out as long as they keep dividends around this level with yield close to 10%, most of mom and pop investors will be happy. ---------- BDC's can be interesting at times. Many of look at a investment without regard of what segment in the market makes current sense. The oil segment goes in/out of favorability. Those who started jumping back in when it was in the 40's are doing exceptionally well. What I (sole opinion of course) like about ARCC is that my computer analysis program likes it (as a dividend oriented investor). I look at investments as a challenge to what we have learned through many years of investing.... Many of us "never" look back in the rear view (historical history) mirror for acceptance of a investment (company changes direction with the market, CEO's and managers change, markets are always changing, etc). We must keep in mind that mutual funds, CEF's and such type investments are "always" changing their portfolio's at the "END" of each Qtr for "Shareholder Reporting" to their shareholders (which will reflect in their current buy/sell activity what the market has been doing during the Qtr). Sometimes, when mutual funds and CEF's (and like) make substantial changes (along with us), we get a favorable jump in MktPrc in the first month following the previous Qtr's end.... As far as some companies or CEF's paying themselves well, If shareholders are getting what they want out of a investment, then the investment is good for the current "QTR" going forward. If we are getting a 10% dividend (which is reflected in a companies bottom line being affected negatively by the dividend payout) and have bought it at a very good MktPrc, a income investor should be very satisfied IMHO. Looking back at GLP at 18 (for example), how can we worry about GLP going forward. Some of us only look at the current QTR and past Qtr (or a additional Qtr looking backwards if necessary) to get a feel of what the investment is doing "currently" before we buy/sell any shares.... Hope this helps.... Live Long and Prosper....
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Post by xray on Aug 19, 2023 13:12:14 GMT
My: 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): 10.50% 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 12.52 GLO 8/9 15,000sh 5.04 ... current MktPrc 4.93 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 6.13 6/15 20,000sh 6.20
---------
FSK 8/11 5,000sh 20.12
Live Long and Prosper....
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Post by xray on Aug 20, 2023 16:46:38 GMT
sam, Some additional information: An Irrefutable Bull Market Is in Sight. Here's the Best Ultra-High-Yield Dividend Stock to Buy and Hold. By Keith Speights – Aug 2, 2023 at 5:52AM Major market indexes could soon reach new all-time highs and begin an irrefutable new bull market. The best ultra-high-yield dividend stock to buy and hold must meet several key criteria. One stock appears to especially stand out. NASDAQ: ARCC Ares Capital Ares Capital Stock Quote Market Cap Today's Change (0.63%) $0.12 Current Price $19.28 Price as of August 18, 2023, 4:00 p.m. ET This stock checks off all the boxes. An irrefutable bull market is in sight. But let me explain what I mean by that. Many investors believe we're already in a new bull market. The major market indexes are all at least 20% above their lows after falling at least 20%. That's a bull market for some. Others think that the market indexes must check off those boxes plus reach a new all-time high. They haven't achieved this yet, but they're close. That's why I maintain that an irrefutable bull market -- one that everyone can agree on -- is in sight. There will be plenty of growth stocks to pile into if an indisputable new bull market begins and picks up momentum. But what about ultra-high-yield dividend stocks? I think some of those stocks will be good picks as well. There's one ultra-high-yield dividend stock I think is the best to buy and hold in a new bull market. My criteria Before I get to that top pick, let's look briefly at the criteria that I used in my selection process. First, I define "ultra-high yield" as a yield that's at least four times greater than the yield of the SPDR S&P 500 ETF Trust. Since SPY's yield currently stands at 1.47%, my ultra-high yield threshold is 5.88%. That's the easy part. The harder part is defining "best." In my view, the best ultra-high-yield dividend stock has a truly ultra-high yield -- closer to 10% than the cut-off of 5.88%. That dividend, though, must be sustainable. The company should be able to fund its dividend now and in the future. A solid track record of paying (and preferably growing) dividends is also a big plus. While dividends are great, total returns are even more important. The best ultra-high-yield dividend stock should provide both. The best With those criteria established, my vote for the best ultra-high-yield dividend stock goes to... Ares Capital (ARCC 0.63%). Sure, there are other impressive contenders. However, I believe that Ares Capital rises to the top. NASDAQ: ARCC Ares Capital Today's Change (0.63%) $0.12 Current Price $19.28 YTD 1W 1M 3M 6M 1Y 5Y PRICE VS S&P ARCC KEY DATA POINTS Market Cap Day's Range $19.07 - $19.32 52wk Range $16.51 - $20.53 Volume 2,416,977 Avg Vol Gross Margin 76.43% Dividend Yield 10.02% Ares Capital's dividend yield currently stands above 9.8%. No one is going to quibble about whether or not the yield is ultra-high. The company has also declared steady or growing regular dividends for 56 consecutive quarters. This solid track record is a testament to Ares Capital's underlying business strength. Ares Capital ranks as the largest publicly traded business development company (BDC). It provides financing to middle-market businesses and arguably is the best in the industry. Ares Capital is highly selective about the transactions it funds. Its average closing rate is around 5%. The BDC avoids deals with companies in especially volatile industries. Its portfolio is diversified across more investments than its peers. As a result of this superior risk management, Ares Capital's loss rate is well below the industry average. The company operates in a growing market. Many banks have pulled back from direct lending to middle-market businesses over the years. These businesses have increasingly turned to BDCs such as Ares Capital. Finally, Ares Capital has generated total returns that have handily beaten the S&P 500 since the company's initial public offering in October 2004. But that outperformance isn't only due to strong total returns in its early days. Ares Capital has beaten the S&P 500 over the last three years and five years as well. What if the bull market fades?While an irrefutable bull market is in sight, it hasn't arrived yet. There's a chance that the major market indexes won't reach new all-time highs. Even if they do, it's possible that the new bull market could quickly fade. Would Ares Capital still be the best ultra-high-yield dividend stock to buy and hold if that happens? I think so.The stock fared better than the S&P 500 did during last year's market sell-off. Those juicy dividends helped cushion Ares Capital's decline considerably, too. Importantly, Ares Capital stock isn't overvalued like many stocks are these days. Its shares trade at a forward price-to-earnings ratio of only 8.5x. By comparison, the S&P 500's forward earnings multiple is 19.6x. I expect that Ares Capital's attractive valuation would keep it from falling as heavily as many other stocks during a downturn. There are other stocks that could deliver better total returns during bull markets. There are others that could outperform during bear markets. But if you're looking for the best ultra-high-yield dividend stock to buy and hold with a new bull market in sight, I think that Ares Capital is it. ---------- Comment: During the different market crashes, ARCC has hit some low's of 19.59, 18.62, 19.39 and 17.85 (vs their normal market prices at that time) vs current price of 19.28.... Live Long and Prosper....
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Post by anitya on Aug 20, 2023 18:39:05 GMT
uncleharley, since you are the best trader I know and since you do not conflate risk and volatility, given you invest in income CEFs, have you considered BDCs? ARCC is definitely one of the better ones, though I have not delved into this asset class in nearly three years.
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Post by uncleharley on Aug 20, 2023 20:45:39 GMT
I currently have a position in CAPL. The daily and weekly charts are similar.
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sam
Lieutenant
Posts: 123
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Post by sam on Aug 20, 2023 21:42:07 GMT
Thanks
Few observations
We may or may not be in a new Bull markets and right now SPX in correction phase and ARCC has very High correlation with SPX.
My understanding is most of ARCC investments are in debt (below investment grade debt) and it is more like Junk bond fund alternative. Since they are like private equity and they use leverage so in theory dividend/distribution payments can increase.
If I remember correctly both Allied Capital and American Capital were internally managed vs ARCC is externally managed. Ares did bought both Allied and American capital.
Are you suggesting one should not care whether to pay above or below book value because it is a high yielder?
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Post by xray on Sept 11, 2023 16:30:05 GMT
rumi, ECE Prof, johnsmith, steelpony10,@fpajerski, retiredat48, uncleharley, Ultima Thule, xray, shridog, richardsok, MY Previous: Aug 12, 2023 Post by xray on Aug 12, 2023 My: ---------- Updated: GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* CAPL * = a CEF 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): 10.50% 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 12.52 GLO 8/9 15,000sh 5.04 ... current MktPrc 4.93 6/15 20,000sh 4.94 GLQ 8/9 15,000 6.27 ... current MktPrc 6.13 6/15 20,000sh 6.20 --------------------------------------------------- Comment: Currently the S&P500 has been up 12% since the beginning of the year (1/1/23) and thus if "INCOME" oriented investors have been (on average) getting 2.5%/Qtr (10%/Yrly) the investor would only need 5% additional CapGain from their investments when seeking 15% for the year (sitting through both up/down markets). Currently portfolio's would still need 3% for the remainder of the year if 12% has already been obtained. I realize the percentage will vary on both buy MktPrc's and the current number of shares currently (2+2+2 = 6%maximum/investment) being held.... Updated (COB 9/8): Security ....... Avg (all crashes) ........ 12/31 ...... 9/9GLP .................... 24.88 ................ 34.77 .... 30.99 LGI * .................. 15.43 ................ 16.01 .... 16.82 FSK .................... 18.97 ................ 17.50 .... 20.63 RVT* .................. 14.35 ................ 14.61 .... 14.35 RITM (NRZ) .......... 8.54 ................. 8.17 .... 10.13 GLO* ................... 5.68 .................. 5.81 ...... 5.75 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 AVK* .................. 12.26 ................ 12.31 .... 12.23 USA* ................... 5.39 .................. 5.90 ...... 6.32 ARCC ................. 18.62 ................. 18.47 .... 19.57 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 CAPL .................. 19.72 ................. 19.83 ..... 19.48 * = a CEF ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): >11.00% (based on MktBuyPrc's) 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 11.24 GLO 8/9 15,000sh 5.04 ... current MktPrc 5.81 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 7.14 6/15 20,000sh 6.20 NEW: FSK 8/30 1,000sh 20.61 ... Current MktPrc 20.63 8/11 5,000sh 20.12 USA 8/29 1,000sh 6.32 Live Long and Prosper....
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Post by richardsok on Sept 15, 2023 15:36:45 GMT
Wasn't so long ago most of us were eagerly waiting for the Pimco UNII monthly report. Several ugly months of NAV & price erosion certainly cured us of that, despite the smart money telling us over and again how the riff-raff don't understand the swaps, the reverses, the spreads, the thing-a-ma-bobs, etc.
Just for grins, I checked the latest -- and -- PDI continues to languish at 59% coverage. Lotta neg UNII numbers on the panel as well. The two healthiest appear to be PAXS and PGP, both at about 95% coverage; both of which appear to be near previous support levels.
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Post by xray on Sept 23, 2023 19:59:39 GMT
rumi, ECE Prof, johnsmith, steelpony10,@fpajerski, retiredat48, uncleharley, Ultima Thule, shridog, richardsok, Comment: Currently the S&P500 has been up 12% since the beginning of the year (1/1/23) and thus if "INCOME" oriented investors have been (on average) getting 2.5%/Qtr (10%/Yrly) the investor would only need 5% additional CapGain from their investments when seeking 15% for the year (sitting through both up/down markets). Currently portfolio's would still need 3% for the remainder of the year if 12% has already been obtained. I realize the percentage will vary on both buy MktPrc's and the current number of shares currently (2+2+2 = 6%maximum/investment) being held.... Updated (COB 9/8): Security ....... Avg (all crashes) ........ 12/31 ...... 9/9 GLP .................... 24.88 ................ 34.77 .... 30.99 LGI * .................. 15.43 ................ 16.01 .... 16.82 FSK .................... 18.97 ................ 17.50 .... 20.63 RVT* .................. 14.35 ................ 14.61 .... 14.35 RITM (NRZ) .......... 8.54 ................. 8.17 .... 10.13 GLO* ................... 5.68 .................. 5.81 ...... 5.75 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 AVK* .................. 12.26 ................ 12.31 .... 12.23 USA* ................... 5.39 .................. 5.90 ...... 6.32 ARCC ................. 18.62 ................. 18.47 .... 19.57 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 CAPL .................. 19.72 ................. 19.83 ..... 19.48 * = a CEF ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): >11.00% (based on MktBuyPrc's) 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 11.24 GLO 8/9 15,000sh 5.04 ... current MktPrc 5.81 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 7.14 6/15 20,000sh 6.20 NEW: FSK 8/30 1,000sh 20.61 ... Current MktPrc 20.63 8/11 5,000sh 20.12 USA 8/29 1,000sh 6.32 ========== Comment: Currently the S&P500 has been up 12% since the beginning of the year (1/1/23) and thus if "INCOME" oriented investors have been (on average) getting 2.5%/Qtr (10%/Yrly) the investor would only need 5% additional CapGain from their investments when seeking 15% for the year (sitting through both up/down markets). Currently portfolio's would still need 3% for the remainder of the year if 12% has already been obtained. I realize the percentage will vary on both buy MktPrc's and the current number of shares currently (2+2+2 = 6%maximum/investment) being held.... Updated (COB 9/22): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div%GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 * = a CEF with "ONLY NAV's shown"** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): >11.00% (based on MktBuyPrc's) 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 11.24 GLO 8/9 15,000sh 5.04 ... current MktPrc 5.81 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 7.14 6/15 20,000sh 6.20 9/9 Insider Buy Data: FSK 8/30 1,000sh 20.61 ... Current MktPrc 20.63 8/11 5,000sh 20.12 USA 8/29 1,000sh 6.32 9/23 Insider Buy Data:USA 9/18 1,000sh 6.05 SEVN 8/25 4,000sh 10.87 (Div 11.80) ... on watch list HQH/HQL INSIDER BUY ACTIONS ... on watch list Live Long and Prosper....
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Deleted
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Post by Deleted on Sept 23, 2023 20:27:37 GMT
As of one month ago I am CEF free. Lots of cash equivalent.
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Post by xray on Sept 30, 2023 22:01:09 GMT
rumi, ECE Prof, johnsmith, steelpony10,@fpajerski, retiredat48, uncleharley, Ultima Thule, shridog, richardsok, MY: Updated (COB 9/22): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 * = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): >11.00% (based on MktBuyPrc's) 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 11.24 GLO 8/9 15,000sh 5.04 ... current MktPrc 5.81 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 7.14 6/15 20,000sh 6.20 9/9 Insider Buy Data: FSK 8/30 1,000sh 20.61 ... Current MktPrc 20.63 8/11 5,000sh 20.12 USA 8/29 1,000sh 6.32 9/23 Insider Buy Data: USA 9/18 1,000sh 6.05 SEVN 8/25 4,000sh 10.87 (Div 11.80) ... on watch list HQH/HQL INSIDER BUY ACTIONS ... on watch list ---------- Updated (COB 10/1): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 * = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): >11.00% (based on MktBuyPrc's) 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 11.24 GLO 8/9 15,000sh 5.04 ... current MktPrc 5.81 6/15 20,000sh 4.94 GLQ 8/9 15,000sh 6.27 ... current MktPrc 7.14 6/15 20,000sh 6.20 9/9 Insider Buy Data changes: FSK 8/30 1,000sh 20.61 ... Current MktPrc 20.63 8/11 5,000sh 20.12 USA 8/29 1,000sh 6.32 9/23 Insider Buy Data changes: USA 9/18 1,000sh 6.05 SEVN 8/25 4,000sh 10.87 (Div 11.80) ... on watch list HQH/HQL INSIDER BUY ACTIONS ... on watch list 10/1 Insider Buy Data Changes:EFC 14.30 book value (watch list) GLP 9/25 20,000sh 33.12 RITM 9/21 "SOLD" 106,545sh @ 9.30 (reduced shares to Phase #1 (0-2%)Live Long and Prosper....
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Post by xray on Oct 11, 2023 16:27:00 GMT
MY previous post: Updated (COB 10/1): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 * = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward)
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COB 10/7 Update
Updated (COB 10/8): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 .... % Holding GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 ... 6% LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 ... 2% FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 ... 4% RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 ... 6% RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 ... 2% GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 .... 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 ... 6% AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 ... 2% USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 .... 6% ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 ... 6% GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 .... 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 .... 6% CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 .... 4% EFC ................... xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... 2% (new - Data next Post/Time constraint) HBLG* ................ xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... 2% (new - Data next post/time constraint)
* = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward)
Note: Data reviews last 2-wk's of ending Qtr's (March/June/Sept/Dec) where Mutual funds and CEF's changing their portfolio's (normally very similar for buy/sell activity) for shareholder reviews> News items during market activity or insider buying activity is a "red Flag" to re-analyze holding. Normally carry 16 securities in portfolio for 100% with no one security greater than 6% (with buying/selling activity in 2% increments for "dollar cost averaging). Currently tracking 15 securities with 58% investment and 42% cash....
Live Long and Prosper....
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Post by xray on Oct 11, 2023 16:49:09 GMT
CrossAmerica Partners LP: Wholesale distributor of motor fuels CrossAmerica Partners' variable rate margins helped it offset the loss in volumes during the pandemic. Further, CAPL's recent acquisitions of retail and wholesale assets provide it with a wider reach and scale.
Over the past 60 days, the Allentown, PA-based CrossAmerica Partners saw the Zacks Consensus Estimate for 2023 move up 61.9%. The firm, which pays out 52.50 cents quarterly distribution to yield more than 10, beat the Zacks Consensus Estimate for earnings thrice in the trailing four quarters and missed in the other. Valued at around $784.5 million, the Zacks Rank #3 CAPL has gone up 9.8% in a year.
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Post by xray on Oct 11, 2023 16:56:45 GMT
6. Ellington Financial Inc. (NYSE:EFC)
Dividend Yield as of October 5: 14.93%
Ellington Financial Inc. (NYSE:EFC) is next on our list of the best dividend stocks that pay monthly dividends to shareholders. The specialty finance company offers a monthly dividend of $0.15 per share and has a dividend yield of 14.93%, as of October 5. In the second quarter of 2023, the company's distributable earnings amounted to over $25.7 million.
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Post by richardsok on Oct 11, 2023 17:32:37 GMT
Good catch, x.
I see your EFC is scheduled to pay out essentially all of its projected earnings, but they are sitting on a cash hoard of 2.88/sh -- which should bode well if earnings should slip. While EFC does have a real roller coaster trajectory, it is comfortably within its lower historical valuations. Ex div the 30th.
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Post by richardsok on Oct 11, 2023 19:04:48 GMT
CrossAmerica Partners LP: Wholesale distributor of motor fuels CrossAmerica Partners' variable rate margins helped it offset the loss in volumes during the pandemic. Further, CAPL's recent acquisitions of retail and wholesale assets provide it with a wider reach and scale. Over the past 60 days, the Allentown, PA-based CrossAmerica Partners saw the Zacks Consensus Estimate for 2023 move up 61.9%. The firm, which pays out 52.50 cents quarterly distribution to yield more than 10, beat the Zacks Consensus Estimate for earnings thrice in the trailing four quarters and missed in the other. Valued at around $784.5 million, the Zacks Rank #3 CAPL has gone up 9.8% in a year. Right near its longer term resistance. TipRanks scores 6/10. Div is 2.10 but EPS only 1.45. PE 14.7 Wake me if it slips below 20.
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Post by xray on Oct 11, 2023 20:06:31 GMT
richardsok, MY: CrossAmerica Partners LP: Wholesale distributor of motor fuels CrossAmerica Partners' variable rate margins helped it offset the loss in volumes during the pandemic. Further, CAPL's recent acquisitions of retail and wholesale assets provide it with a wider reach and scale. Over the past 60 days, the Allentown, PA-based CrossAmerica Partners saw the Zacks Consensus Estimate for 2023 move up 61.9%. The firm, which pays out 52.50 cents quarterly distribution to yield more than 10, beat the Zacks Consensus Estimate for earnings thrice in the trailing four quarters and missed in the other. Valued at around $784.5 million, the Zacks Rank #3 CAPL has gone up 9.8% in a year.Your: Right near its longer term resistance. TipRanks scores 6/10. Div is 2.10 but EPS only 1.45. PE 14.7 Wake me if it slips below 20. ---------- We think alike. Goes below 19, and I will add the last 2% for a 6% maximum holding (until the next down/up cycle).... U p 9.8% so far this year + 10% yearly dividend requirement = 15% for some of us who have a yearly goal of 10% dividend + 5% CapGain. Add to this that we can play with it between dividend cycles when other investors are buying/selling. If a income investor got in at the time when they raised their dividend, the 15% would be more. Not greedy, just give the income investor a steady 15% (in volatile markets) and move on.... Live Long and Prosper....
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