Back in December 2008 several US and Canadian Bloggers provided four of their best stock picks for 2009. The rules of the stock-picking contest do not allow actively trading stocks. The performance of the individual bloggers’ picks is reviewed every quarter.
You might recall that I selected four high yielding dividend stocks from different sectors which I believed have sustainable dividend payments for 2009. Check out my original post for the rationale behind my picks.
Realty Income (O) closed 2008 at $23.15. At the current price of $18.82 plus the $0.42525 in distributions collected during the first quarter the investment in the owner of commercial retail real estate properties in the US is underwater by 16.90%. This dividend achiever, which has consistently increased its distributions multiple times/year since 1994, currently spots a very attractive 9.50% yield. Check out my analysis of Realty Income.
Kinder Morgan Energy Partners (KMP) finished 2008 at $45.75. At the current price of $46.72 plus the $1.05 in distributions collected during the first quarter the investment in the owner of energy transportation and storage assets in the US is up by 4.40%. This dividend achiever, which has consistently increased its distributions several times/year since 1997, currently spots a very appealing 9.00% yield. Check out my analysis of Kinder Morgan.
Consolidated Edison (ED) ended 2008 at $38.93. At the current price of $39.61 plus the $0.59 in dividends collected during the first quarter the investment in this provider electric, gas, and steam utility services has gained 3.30%. This dividend aristocrat, which has consistently increased its distributions several times/year since 1975, currently spots an attractive 6.10% yield. Check out my analysis of Consolidated Edison.
Phillip Morris International (PM) finished the year at $43.51. At the current price of $35.58 plus the $0.54 in dividends collected during the first quarter the investment in manufacturer of cigarettes and other tobacco products in markets outside of the United States of America is underwater by 17%. This dividend stock currently spots an attractive 5.60% yield.
Overall the four dividend stocks that I picked lost 8.30% so far in the first quarter of 2009; if you add in the dividends received over the first quarter of the year the total return improves to a negative 6.50%. In comparison S&P 500 lost 11.25% in the first quarter of 2009.
Check out the performance of the other bloggers year to date returns in the table below:
1 Intelligent Speculator 4.33%
2 The Financial Blogger -0.94%
3 FourPillars -2.67%
4 Million Dollar Journey -2.96%
5 Dividend Growth Investor -8.27%
6 WildInvestor -8.90%
7 Wheredoesallmymoneygo -21.77%
8 ZachStocks -24.19%
9 My Traders Journal -27.54%
I would like to reiterate the fact that in order to generate dividend income for the long run, a more diversified portfolio consisting of at least 30 stocks should be constructed. Check out the Best Dividend Stock for the Long Run list, which is a good addition to today's post.
Full Disclosure: Long ED, KMP, O, and PM
- Best High Yield Dividend Stocks for 2009
- Best Dividends Stocks for the Long Run
- Kinder Morgan Energy Partners (KMP) Dividend Analysis
- Realty Income (O) Dividend Analisys
- Consolidated Edison (ED) Dividend Analysis
Index investing has become extremely popular in recent years. A lot of new investors have embraced the strategy in recent years. Unfortunate...
On April 3rd, 2017, Buffett’s Berkshire Hathaway (BRK.B) will receive $148 million dollars in dividend income from their 400 million shares ...
John Bogle is an investing legend. He is the founder of Vanguard Group, a $4 trillion dollar mutual fund powerhouse. Vanguard is credited fo...
As part of my monitoring process, I evaluate the list of dividend increases every week. This exercise helps me observe the rate of dividend ...
As you know, I review the list of dividend increases every single week as part of my monitoring process. I usually focus my attention on the...
The list of dividend champions includes companies which have managed to increase dividends every single year for at least 25 years in a row...
One of the best vehicles for accumulating a nest egg for ordinary investors is the 401 (k). For most employees of large companies, they get...
I have owned shares of the largest Canadian Banks as a long-term investment for over four years now. I initiated a position in those five b...
Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two...
Target Corporation (NYSE:TGT) operates general merchandise stores in the United States and Canada. Target is a dividend champion , which has...