A Pair Of Dividend Increases – Pack n’ Ship
Before getting to today’s dividend increases, I thought I’d give you a brief update on the DDI Portfolio. It’s no secret that the broader markets peaked about the 1st of May and with that, the DDI Portfolio had increased to just over $150k in total value. Painful as it is, I decided to check the value of the account yesterday. The good news was with yesterday’s small bounce, the portfolio had gained back $1200 for the day, but had come off of a low of about $140k after Monday’s declines.Dropping from $150k to $140k for the month of May, brings the short-term loss for my portfolio to almost 7%. That’s an 84% drop on an annual basis – ouch!
So what’s the point?
First off – I think this shows that it’s usually a bad idea to take daily/weekly/monthly returns and extrapolate them into annual returns. Even during the crash of 2008, the average portfolio “only” dropped 50-60% – no where close to the 84% I quoted above.
Second – If you look back at the DDI portfolio earlier this year, it was valued in the $125-$130k range. Even with the drop in May, it’s clear that we’re still on a winning track.
Finally, I’ve said it a thousand times, but as an income portfolio, the DDI portfolio continues to generate $500-$600 per month in income, no matter what the underlying stocks do on a daily basis! That’s money that I’ll reinvest into more and more income producing stocks, that will generate more and more income…
Dividend Increases for Wednesday June 6, 2012
FedEx (ticker: FDX) – provides transportation, e-commerce, and business services in the United States and internationally in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FDX announced a $.01/share dividend increase in it’s quarterly payout – putting the new yield at a measly 0.7% yield.
Public Storage Preferred S (ticker: PSApS) – operates as a real estate investment trust (REIT), that engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The preferred S shares of PSA now have a quarterly payout of $.3688/share, up just over $.04/share – giving investors a current dividend yield of 5.7%. These preferred shares are currently trading at a premium to their $25 call price – currently trading in the low $26 range. You’ll need to factor this potential capital LOSS in to your investment analysis before adding any shares of this self-storage play.
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That’s your daily round-up for Wednesday, June 6th – thanks for reading!
For my 2012 Year To Date Dividend Increases report please click anywhere on the chart below.
|Public Storage Pr. S||PSApS||5.7%||.3688||.32778||Quarterly|