Chasing the Yield – April 11, 2022
Episode 48
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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$22.86Oil & Gas Transportation & Storage
Market CapP/E RatioDividend YieldDividend Streak$848 million39.189.19%3 yearsCurrent as of
3yr Chart
5 yr Chart
My Shares
Shares purchasedAvg. Cost per shareEstimated Annual Income1,10819.34$2,326.00
Simply Safe Dividend Rating of 50 – Borderline Safe
CrossAmerica Partners
Sources: Walls Street Journal, TD Ameritrade, Simply Safe Dividends
Portfolio Update
LowYield(2015)MediumYield(2019)HighYield(2021)TotalPortfolioAverageWeek+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 WeekAmountKimberly-Clarke (KMB)*$43.61Main Street Capital (MAIN)*$23.34South Jersey Industries (SJI)*$70.11Kimberly-Clarke (KMB)$76.56*Reinvested Dividends
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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