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Strategies & Market Trends : Dividend investing for retirement

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To: Tapcon who wrote (9081)	5/24/2011 6:04:50 PM
From: E_K_S	Read Replies (3) of 34328

Hi Tapcon - Welcome to the "Dividend Investing for Retirement Board". You stated: "*I have been looking at shipping sector,"*. As mentioned above, SFL is a good candidate. This is #6 in my top holdings and I have owned this (and have added shares) since their original IPO (6/2004). During the meltdown SFL cut their dividend (which has been increased since then) but never suspended it. If you search the board for "SFL" you will see several informative posts on the company. The key that I have found when researching this sector for a strong dividend payer is to calculate the term of their average fleet contract(s). SFL's total fleet contract(s) average 13 years. Most of the other shippers that lock in long term contracts are only 3 or 4 years tops. These companies are then subject to the Boom & Bust cycles of this industry. The composition of their fleet determines the length of their contract charters. Drill Rigs can be leased out longer than dry bulk shippers. I have Buys in this stock ranging from $5.68/share to $16.00/share from 2006 to present. I have made some sales in 2007 and 2008 in the $29.00/share-$30.00/share. My average SFL cost is $13.30/share. My Yield On Cost is 11.5%. ------------------------------------------------------------------------- The "DOGs of the DOW" is also a good strategy. I have bought some of the Dogs over the years that rose to jewels. Honeywell International Inc. (HON) and EI DuPont de Nemours & Co. (DD) are two recent purchases (both bought in 9/2008). I believe HON was replaced in the DOW since I bought it. I have peeled off shares in both in 2010 but still own 50% my original shares. dogsofthedow.com Here are the 10 highest yielding Dow stocks on 12/31/10 dogsofthedow.com I own 7 of the 10: T, VZ, PFE, MRK, INTC, DD, & CVX I am watching CSCO as a possible add in the future. Keep the board posted on what you end up buying as it might be one I should add to my group. EKS

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