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Strategies & Market Trends : Dividend investing for retirement

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Mannie

To: Mannie who wrote (29741)	10/18/2019 7:44:43 PM
From: E_K_S	1 Recommendation Read Replies (1) of 34328

Peeled off 10% of SFL today at $14.87/share. Yielding 9.5% and has been a steady payer. Was able to book a small gain and am building my cash reserves for a real estate project so am trimming many of my positions by 10%-20%. I still own a lot of these shares in both taxable and tax deferred accounts and even w/ the wide price range, quarterly dividend have been good. Company is not covering their dividend payments of $1.40/share annual vs $098/share EPS. Earnings estimates are for only $0.98/share in 2020 so there may be a dividend cut unless they have one time gains from sales of any of their ships. Will look at this again after next dividend payment and may take a few more shares off the table at that time. Good Investing FWIW, sold some KMI, and NGLOY. Will be trimming most of my top 10 in the next few weeks; MRK, SRE, CVX and others. Bull run is long in the tooth and need to build up cash reserves for my 2022 real estate project. Looking to raise another 25%-30% cash over next 30 months. EKS

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