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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (15203)8/8/2013 2:11:21 PM
From: E_K_S  Read Replies (2) of 34328
 
Re: Waste Management, Inc. - New all time high

Decided to peel off 30% of my WM shares to put into a better yielding dividend payer. Current yield in 3.3% so looking for a higher div w/ growth. May use the proceeds to start a position in CLMT w/ a 9% yield (company may cut their div). Even at 1/2 the yield, the company has several new projects that will generate higher FCF starting in 2014. Now may be a good time to begin to accumulate a position as earnings were not good and stock is selling off. Last on CLMT is $29.40/share but selling is quite heavy at almost 3x ADV.

Two MLP's are also on my buy list; OKS and WPZ. These companies operate NG gathering and processing facilities own pipeline and storge assets and are benefiting from the growth of the U.S. domestic shale wells.

All of these stocks should be held in a taxable account as they issue K1's and you must deal w/ the UBTI.

EKS
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