Chasing the Yield – April 18, 2022
Episode 49
Value 4 Value podcasting
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News
Bank Stocks Have to Reckon With the Downside of Higher Rates – WSJ
Sold 37 shares of Warner Bros Discovery Inc (WBD) and purchased 49 shares of AT&T (T) with the proceeds. This is from the special window I missed for selling the shares last week. Turns out I wasn’t late but just didn’t know I could sell the shares by calling my broker. The temporary symbol didn’t show up in my TD Ameritrade account online. I thought I had missed the window to sell it when I was never shown by TD Ameritrade that it was available for me to trade. Live and learn!
In July 2021 I purchased 615 shares of Pembina Pipeline Corporation (PBA) for my High Yield Portfolio. It’s performing solid for almost a year and looks to remain that way for the immediate future.
PBA is a Canadian company founded in 1954. Their headquarters is in Calgary. For 37 years the company delivered oil to Edmonton using the Pembina Pipeline system until 1991 it acquired Peace Pipe Line, Ltd and half of the Bonnie Glen System, which served Alberta. The company joined the Toronto Stock Exchange in 1997. In 2000 the company completed it’s largest acquisition that doubled it’s size over night. PBA acquired Federated Pipe Lines, Ltd. PBA converted from a corporation to trust in 2010 and nearly doubled its assets in 2017.
PBA’s assets have a solid foundation and are difficult to replicate. Pipelines are difficult to construct, as anyone following the Keyston XL Pipeline knows, and cost billions of dollars in construction and regulatory compliance. The shale basins where PBA’s assets reside have more than 100 years of reserve life left based on current production rates. The company believes it’s pipelines to last at least 100 years with proper maintenance and as such should provide steady performance for decades to come.
On July 28, 2021 PBA went for $32.46/share and is $39.81/share at the time of this recording April 18, 2022.
| Market Cap | P/E Ratio | Dividend Yield | Dividend Streak |
| $21.5 billion | 21.8 | 5.08% | 23 years |
My Shares
| Shares purchased | Cost per share | Estimated Annual Income |
| 615 | $32.46 | $1,236 |
Simply Safe Dividend Rating SAFE
Sources: Walls Street Journal, TD Ameritrade, Simply Safe Dividends, Wikipedia
Portfolio Update
| Low Yield | Medium Yield | High Yield | Total Portfolio | |
| Week | -0.33% | +0.57% | +1.62% | +0.44% |
| Month | +2.60% | -0.24% | +0.56% | +0.94% |
| 2022 | -1.06% | +0.85% | +8.89% | +1.64% |
| Inception | +39.66% | +10.03% | +2.34% | +19.31% |
| Dividends Received this Week | Amount |
| Community Bank (CBU) | *$38.72 |
| Franklin Resources (BEN) | *$48.83 |
| Illinois Tool Works (ITW) | *$43.94 |
| Main Street Capital (MAIN) | *$64.15 |
| Leggett & Platt (LEG) | *$63.88 |
| CareTrust (CTRE) | *$65.97 |
| Community Bank (CBU) | $53.32 |
| Franklin Resources (BEN) | $87.87 |
| W.P. Carey (WPC) | $98.30 |
| Main Street Capital (MAIN) | $47.73 |
| Leggett & Platt (LEG) | $80.64 |
| Pembina Pipeline (PBA) | $103.07 |
| Starwood Property Trust (STWD) | $84.48 |
| KKR Real Estate (KREF) | $110.51 |
Dividend Events
- Crestwood Equity Partners LP (CEQP) announced its next dividend of $0.655 per share, a 4.8% increase over the company’s previous payout of $0.625.
- Artesian Resources Corporation (ARTNA) announced its next dividend of $0.2729 per share, a 2.0% increase over the company’s previous payout of $0.2675.
- Procter & Gamble (PG) announced its next dividend of $0.9133 per share, a 5.0% increase over the company’s previous payout of $0.8698.
- Antero Midstream (AM) announced its next dividend of $0.225 per share, in line with the company’s previous payout.
- Fastenal (FAST) announced its next dividend of $0.31 per share, in line with the company’s previous payout.
- Caterpillar (CAT) announced its next dividend of $1.11 per share, in line with the company’s previous payout.
- Enterprise Products Partners (EPD) announced its next dividend of $0.465 per share, in line with the company’s previous payout.
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Disclaimer
Kevin Bae is not a registered investment advisor, broker or dealer. Kevin Bae may have positions in any financial instrument, product, or company mentioned on chasingtheyield.com or on the Chasing the Yield podcast. Information provided by chasingtheyield.com and the Chasing the Yield Podcast is provided for information and entertainment purposes only and are not intended as advice or a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. All opinions are based upon sources believed to be accurate and are provided in good faith. No warranty, representation, or guarantee, expressed or implied, is made as to the accuracy of the information contained herein.
Please contact an investment professional if you have any questions regarding an investment.
Contact
For questions or comments contact me at mail@chasingtheyield.com