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Strategies & Market Trends : Dividend investing for retirement

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To: Ditchdigger who wrote (25183)7/30/2016 12:05:38 PM
From: E_K_S1 Recommendation

Recommended By
CusterInvestor

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Tekla Healthcare Opportunities Fund (THQ) - peeled off 20% of my high cost shares to book a small gain

THQ booked a new recovery high and it's previous 52wk high is at $20.49 w/ their all time high at $21.46/share. THQ still yields 7.75% but one must be careful as they carry a lot of losses (that may turn into gains) from prior Buys that is not reflected in their NAV. I now own a lot of low cost shares (below $16.00/share) so I s/d have a safety of margin to exit if things turn sour.

Many of my Drug/pharma stocks continue to move higher too. Even GSK which has been a lagger is at/near a 52wk high. They had pretty good earnings last week. Glaxo (GSK) Beats Q2 Earnings Estimates, Revenues Up Y/Y (GSK was my latest Buy 10/2015 and the others; MRK 1 buy 2005, 3 buys 2008-2009; PFE 1 buy 1999, 2 Buys 2010 & BMY buys 2005 & 2008). Hindsight I s/d have bought more (especially BMY) and held my JnJ and ABT. They continue to pay good dividends as well as appreciate in value.

We had some nice earnings for the drug companies last week and they still continue to grow despite the little to no growth in the world's economies. The dividend yields are still quite attractive w/ GSK 5.06%, SNY 3.92%, PFE 3.26%, MRK 3.14%, JNJ 2.56%, ABT 2.38% and BMY 1.99%.



Yield chaser may find GSK attractive but I have no plans to add and/or sell any of my Drug/Pharma shares. THQ is my yield play and that get's sold first if the sectors sells off.

Good investing

EKS
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