Chasing the Yield – April 11, 2022
Episode 48
Value 4 Value podcasting
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News
BP completed their acquisition of BP Midstream Partners and as such I sold my position in BP. I took the proceeds of that sale and distributed it among 4 of my existing holdings. I purchased additional shares in Necessity Retail REIT (RTL), SLR Investment Corp (SLRC), Office Properties Income Trust (OPI), and Arbor Realty Trust (ABR). I did this in order to maintain the level of dividends and distributions I receive in my High Yield Portfolio.
Oil executives reject profiteering claims by Congress – Chasing the Yield
Consumer staples getting squeezed by inflation – Chasing the Yield
Shell expects to take $5 billion hit pulling out of Russia – Chasing the Yield
| Share Price | Sector/Type |
| $22.86 | Oil & Gas Transportation & Storage |
| Market Cap | P/E Ratio | Dividend Yield | Dividend Streak |
| $848 million | 39.18 | 9.19% | 3 years |
3yr Chart
My Shares
| Shares purchased | Avg. Cost per share | Estimated Annual Income |
| 1,108 | 19.34 | $2,326.00 |
Simply Safe Dividend Rating of 50 – Borderline Safe
Sources: Walls Street Journal, TD Ameritrade, Simply Safe Dividends
Portfolio Update
| Low Yield (2015) | Medium Yield (2019) | High Yield (2021) | Total Portfolio Average | |
| Week | +2.92% | -0.81% | -1.07% | +0.50% |
| Month | +2.92% | -0.81% | -1.07% | +0.50% |
| 2022 | -0.73% | +0.28% | +7.39% | +1.21% |
| Inception | +39.86% | +9.51% | +0.73% | +19% |
| Dividends Received this Week | Amount |
| Kimberly-Clarke (KMB) | *$43.61 |
| Main Street Capital (MAIN) | *$23.34 |
| South Jersey Industries (SJI) | *$70.11 |
| Kimberly-Clarke (KMB) | $76.56 |
Dividend Events
- Plains GP Holdings (PAGP) announced its next dividend of $0.2175 per share, a 21% increase over the company’s previous payout of $0.18.
- Pembina Pipeline (PBA) announced its next dividend of $0.21 CAD per share, in line with the company’s previous payout.
- PIMCO Income Fund (PONPX) announced its next dividend of $0.03903 per share, in line with the fund’s previous payout.
- Necessity Retail REIT (RTL) announced its next dividend of $0.2125 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