Flaherty & Crumrine Preferred Income Opportunity Fund, Inc. (PFO)
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PFO Forum Topics
- All Comments on PFO
- General Discussion on PFO
- Stocks That Pay Monthly Dividends [view article]
- Year-End List of Monthly Dividend Stocks (updated) [view article]
- Closed-End Funds: The Preferred Way to Play the Financials [view article]
- Want Monthly Dividends? 150 Stocks that Pay [view article]
- Stress Testing Risk Metrics Pays Off: A Case Study Portfolio for the Sophisticated Investor [view article]
loading ...Recent PFO Articles
- Closed-End Funds: The Preferred Way to Play the Financials
- Stocks That Pay Monthly Dividends
- Want Monthly Dividends? 150 Stocks that Pay
- Year-End List of Monthly Dividend Stocks (updated)
- Stress Testing Risk Metrics Pays Off: A Case Study Portfolio for the Sophisticated Investor
- Full List of Articles »
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Stocks That Pay Monthly Dividends [view article]
How about BTF? ReplyYear-End List of Monthly Dividend Stocks (updated) [view article]
PNW, your comment about the 15% withholding on dividends from Canadian companies to US persons ending as of 2011 is interesting. Where did you get that info? Thanks!Reply
Year-End List of Monthly Dividend Stocks (updated) [view article]
Spot on, dividends are a beautiful thing. Two thoughts relative to your reservations about Canadian Royalty trusts.1. Yes, they are taxable in 2011, but most (ERF for example) have enought tax credits currently in place to be effectively tax free for many years after 2011.
2. In 2011 the 15% tax withholding on the dividends by the Canadian Government for US tax payers does go away. Also, part of that withholding is refundabled when you file you tax return...amount depends on % the foreign dividends are of your total taxable income. And, even if you simply reduce the dividend by 15% you still have a dividend yield over 10% on many of the trust. Side note, if you happend to have owned the trusts for a number of years you have watch the value of the looney vs. the $ significantly increase the dividend yield. Some think futher looney appreciation is in the cards.
On May 31 02:07 AM FrankGiaa wrote:
> Dividend stocks are a beautiful thing. The information about them
>
> however is scattered across the web to where it is difficult to find
>
> them and chose the right ones for your portfolio.
> When you select them you want to diversify in different sectors.
> Also
> one has to look ahead and avoid costly mistakes – 2 examples are:
>
>
>
> A. Canadian energy royalty trusts – good monthly dividends right
> now,
> but 2 things turned me away from these stocks:
>
>
> 1. You pay 15% foreign tax each month on the received dividend <br/>2.
> Tax laws in Canada are changing in 2011 to start taxing the trusts
>
> and to significantly increase the dividend tax the foreign investors
>
> will be paying
>
>
> B. US OIL royalty trusts – the problem here is that these stocks
> will
> exist only until the property they are linked to has oil to produce.
>
> Ones oil is gone trust disappears and so is your money. So you have
> to
> cash out before that happens. I am not good at timing these events
> so
> I decided to stay away.
> So after doing my research on dividend paying stocks I chose these
> 6
> sectors to get in:
>
>
> Telecommunications, Energy, Financials, Tobacco, Oil/Drilling and
>
> Shipping
> I went with these stocks, that I believe will give me best long term
>
> dividend returns: CEL, CPL, PM, DPO, IID, RSF, GDOCF, ITKSF and SDRLF
>
>
>
> 1. CEL - Cellcom Israel Ltd. (Cellcom) is a provider of cellular
>
> communications services in Israel
>
>
> 2. CPL - CPFL Energia SA is a holding company engaged, through its
>
> subsidiaries, in the distribution, generation and commercialization
> of
> the electricity in Brazil
>
>
> 3. DPO - Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is
> a
> diversified, closed-end management investment company. Monthly <br/>dividend
> payer
>
>
> 4. IID - ING International High Dividend Equity Income Fund (the
> Fund)
> is a non-diversified, closed-end management investment company. Pays
>
> good monthly dividend
>
>
> 5. RSF - RMK Strategic Income Fund, Inc. (the Fund) is a diversified,
>
> closed-end management investment company. Pays huge monthly dividend
>
>
>
> 6. GDOCF – A Bulk shipper with a huge dividend - www.goldenocean.no/.
>
> Best thing – stock is still under $7. Frontline (FRO) spin-off child
>
>
>
> 7. ITKSF – A petroleum tanker Company, no dividend yet but surely
> one
> is coming as it is a Frontline (FRO) child -
> www.frontline.bm/repor.... Stock is
>
> under 2 bucks, but it started trading just recently after Frontline
>
> (FRO) spin off.
>
>
> 8. SDRLF – Deep water oil drilling Company - www.seadrill.com/,
>
> good dividend projected to largely increase in 2009
>
>
> 9. PM – Philip Morris international – no introduction needed here.
>
> needs also a growth stock piece as well. Stocks such as V, RIO, PBR,
>
> UNP, etc. are a nice addition as well.
>
>
> Well that is all and I hope it helps in your dividend hunting journey
>
>
>
> Good luck and best regards.
>
> Reply
Closed-End Funds: The Preferred Way to Play the Financials [view article]
Also, one may consider PGF, Powershares Financial Preferred ETF, currently yielding (per Yahoo! Finance) 6.83%. ReplyClosed-End Funds: The Preferred Way to Play the Financials [view article]
Not to second guess your investment decision, but there are some things to consider before investing in something like JQC.First and foremost, JQC (like a number of other closed end funds) has a managed distribution policy in place. For those who don't know, a managed distribution policy means the fund pays out a regular amount at whatever interval they specify (monthly, quarterly, etc.). The good part is that you get income you can count on every month without any fluctuation. The bad part is, if the earnings of the fund are less than what is required for the payout, they return capital. That's not necessarily a bad thing (like for retirees), but before you follow the sweet dividend yields make sure you're not just getting your money back. According to CEFA, the income only yield was 6.99% but the distribution is over 10.7%.
Second, XLF has an expense ratio that is 0.75% less than JQC. That should be factored in as well.
Third, XLF has outperformed JQC over the long haul, though JQC has only been around a couple of years so that may not mean much.
Lastly, there is at least one ETF that invests in preferred securities. PGX is a fairly new ETF that invests in a bucket of preferred securities, many of them in the banks you listed off. It currently yields around 7.3%, which isn't too shabby for an unleveraged ETF. Plus it doesn't have any hidden gotchas that closed end funds can have.
~X~ Reply
Year-End List of Monthly Dividend Stocks (updated) [view article]
Dividend stocks are a beautiful thing. The information about themhowever is scattered across the web to where it is difficult to find
them and chose the right ones for your portfolio.
When you select them you want to diversify in different sectors. Also
one has to look ahead and avoid costly mistakes – 2 examples are:
A. Canadian energy royalty trusts – good monthly dividends right now,
but 2 things turned me away from these stocks:
1. You pay 15% foreign tax each month on the received dividend
2. Tax laws in Canada are changing in 2011 to start taxing the trusts
and to significantly increase the dividend tax the foreign investors
will be paying
B. US OIL royalty trusts – the problem here is that these stocks will
exist only until the property they are linked to has oil to produce.
Ones oil is gone trust disappears and so is your money. So you have to
cash out before that happens. I am not good at timing these events so
I decided to stay away.
So after doing my research on dividend paying stocks I chose these 6
sectors to get in:
Telecommunications, Energy, Financials, Tobacco, Oil/Drilling and
Shipping
I went with these stocks, that I believe will give me best long term
dividend returns: CEL, CPL, PM, DPO, IID, RSF, GDOCF, ITKSF and SDRLF
1. CEL - Cellcom Israel Ltd. (Cellcom) is a provider of cellular
communications services in Israel
2. CPL - CPFL Energia SA is a holding company engaged, through its
subsidiaries, in the distribution, generation and commercialization of
the electricity in Brazil
3. DPO - Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is a
diversified, closed-end management investment company. Monthly
dividend payer
4. IID - ING International High Dividend Equity Income Fund (the Fund)
is a non-diversified, closed-end management investment company. Pays
good monthly dividend
5. RSF - RMK Strategic Income Fund, Inc. (the Fund) is a diversified,
closed-end management investment company. Pays huge monthly dividend
6. GDOCF – A Bulk shipper with a huge dividend - www.goldenocean.no/.
Best thing – stock is still under $7. Frontline (FRO) spin-off child
7. ITKSF – A petroleum tanker Company, no dividend yet but surely one
is coming as it is a Frontline (FRO) child -
www.frontline.bm/repor.... Stock is
under 2 bucks, but it started trading just recently after Frontline
(FRO) spin off.
8. SDRLF – Deep water oil drilling Company - www.seadrill.com/,
good dividend projected to largely increase in 2009
9. PM – Philip Morris international – no introduction needed here.
One more thing to add – dividend stocks are great but any portfolio
needs also a growth stock piece as well. Stocks such as V, RIO, PBR,
UNP, etc. are a nice addition as well.
Well that is all and I hope it helps in your dividend hunting journey
Good luck and best regards.
Reply
Want Monthly Dividends? 150 Stocks that Pay [view article]
Canadian w/h tax is very poorly treated recovery if you are in the top tax bracket in taxable accounts. Also beware of the treatment in AMT ReplyStocks That Pay Monthly Dividends [view article]
I bought IGR last Sept and was pleasantly surprised by the large monthly dividend and capital gain in December. Do they do this every year or was that a one-time deal?Did you ever find another ETF with the "December" effect?
On Mar 24 06:19 AM r.d.glover wrote:
> I have owned IGR for two years. The return is much more than 6% as
> IGR pays a very large long term capital gain in December AND a many
> times larger dividend also in December. Do you know of others in
> your list that may have this "December" effect? I own several on
> your wonderful list and thank you sincerely. r.d.glover vanvangg@prodigy.net Reply
Editors
General Discussion on PFO
Is this a buy or a sell? ReplyStocks That Pay Monthly Dividends [view article]
I have owned IGR for two years. The return is much more than 6% as IGR pays a very large long term capital gain in December AND a many times larger dividend also in December. Do you know of others in your list that may have this "December" effect? I own several on your wonderful list and thank you sincerely. r.d.glover vanvangg@prodigy.net ReplyStocks That Pay Monthly Dividends [view article]
This list is the best I have seen so far, thanks. Just wondering if there is a list where you can find out how long they have been paying dividends? ReplyStocks That Pay Monthly Dividends [view article]
These monthly dividend stocks are a great source of income for investors. The most complete list of monthly dividend payers that we have found is from DividendInvestor.com.They update the list daily which covers over 300 stocks paying dividends monthly.
www.dividendinvestor.c... Reply
Want Monthly Dividends? 150 Stocks that Pay [view article]
Look at the stocker..................http//stockcrunch.org
Reply
Want Monthly Dividends? 150 Stocks that Pay [view article]
http//stockmakers.org ReplyStocks That Pay Monthly Dividends [view article]
AOD will pay $0.18/share/mo in Mar., Apr & May. cf.: "Yahoo ETF" 02/15/07. Reply