Friday, September 30, 2011

Overview of My Dividend Stocks - 1

I thought I would start to comment on my dividend stocks that are in my "new" portfolio as I leave MFI in the proverbial rear view mirror. First here are my current stocks and how they have fared. You can see it is basically a push with the Russell 3000.

Stock Shares Avg Cost Current Price Dividends Received Pct Change R3K Change Diff
AXS 1,133 33.04 26.26 226 -19.9% -14.7% -5.2%
AZN 824 47.21 44.79 1,480 -1.3% -11.3% 10.0%
BHK 2,850 12.53 13.02 324 4.8% -15.3% 20.1%
CEL 1,462 26.14 20.79 4,147 -9.6% 3.7% -13.3%
CHKE 1,616 17.29 12.88 1,611 -19.7% 3.4% -23.1%
CPL 1,000 22.67 22.36 - -1.4% -1.6% 0.2%
CSCO 1,794 16.73 15.59 88 -6.5% -13.6% 7.0%
CSQ 4,268 8.26 7.98 165 -2.9% -1.9% -1.1%
INTC 1,491 19.84 21.59 519 10.6% -0.2% 10.8%
JQC 3,694 9.12 7.99 633 -10.5% -15.4% 4.9%
KMF 1,228 21.89 21.50 - -1.8% -5.7% 3.9%
KSW 13,048 3.76 3.19 2,150 -10.8% -2.3% -8.4%
LNC 2,410 24.34 15.80 280 -34.6% -6.8% -27.8%
MNDO 11,029 2.62 1.75 2,400 -24.8% -12.0% -12.8%
MSFT 1,137 26.49 25.11 231 -4.4% -6.0% 1.6%
PM 427 45.08 62.85 1,614 47.8% 6.5% 41.3%
PRE 500 56.26 53.12 - -5.6% -5.6% 0.0%
PVD 388 63.30 56.75 - -10.3% -4.7% -5.7%
RTN 450 46.83 41.28 - -11.9% -14.2% 2.3%
SBS 1,035 39.34 46.57 2,390 24.2% -0.6% 24.9%
SLF 2,234 28.40 23.93 814 -14.5% -12.4% -2.0%
STD 7,168 9.40 8.13 2,445 -9.9% -7.8% -2.1%
UNTD 3,330 5.88 5.28 1,564 -2.2% 4.5% -6.8%
USB 2,097 21.95 23.98 477 10.3% -2.6% 12.9%
VR 2,122 28.83 25.29 837 -10.9% -12.0% 1.1%
WBK 584 103.94 96.85 1,225 -4.8% -6.0% 1.2%
Total Open

25,620 -6.4% -6.6% 0.2%
Closed



13.5% 7.8% 5.8%
Combined



3.2% 0.3% 2.9%
IRR Since 12/31/10


-0.9%


Here are the expected dividends:

Estimated Dividends for Next year







Stock Shares Ann Dividend / Share Yield Projected Dividend Sector
AXS 1,133 $ 0.92 3.5% 1,042 Insurance
AZN 824 $ 2.40 5.4% 1,978 Pharma
BHK 2,850 $ 0.80 6.2% 2,292 Bond
CEL 1,462 $ 3.20 15.4% 4,680 Utility
CHKE 1,616 $ 0.80 6.2% 1,293 Consumer
CPL 1,000 $ 1.27 5.7% 1,270 Utility
CSCO 1,794 $ 0.24 1.5% 431 Tech
CSQ 4,268 $ 0.63 7.9% 2,689 Hybrid
INTC 1,491 $ 0.84 3.9% 1,253 Tech
JQC 3,694 $ 0.80 10.0% 2,956 Hybrid
KMF 1,228 $ 1.60 7.4% 1,965 Pipelines
KSW 13,048 $ 0.15 4.7% 1,957 Construction
LNC 2,410 $ 0.20 1.3% 482 Insurance
MNDO 11,029 $ 0.20 11.4% 2,206 Tech
MSFT 1,137 $ 0.80 3.2% 910 Tech
PM 427 $ 3.08 4.9% 1,314 Consumer
PRE 500 $ 2.40 4.5% 1,200 Insurance
PVD 388 $ 3.70 6.5% 1,436 Finance
RTN 450 $ 1.72 4.2% 774 Defense
SBS 1,035 $ 2.39 5.1% 2,473 Utility
SLF 2,234 $ 1.46 6.1% 3,262 Insurance
STD 7,168 $ 0.78 9.6% 5,591 Finance
UNTD 3,330 $ 0.40 7.6% 1,332 Consumer
USB 2,097 $ 0.50 2.1% 1,048 Finance
VR 2,122 $ 1.00 4.0% 2,122 Insurance
Total

5.8% 47,954

Here is a brief commentary on my holdings (part 1) and why I hold the security. You will note that I have added "sector" to my list of stocks. I am trying to make it so an equal proportion of dividend income comes out or each sector. I still am missing a few sectors, I do not have any basic materials (considering SCCO or FCX) nor do I have any chemical companies (such as DD or PPG).

AXS - This is Axis, a property and casualty insurer based in Bermuda. As I work in the P&C industry, I believe I can analyze these sorts of stocks far better than average. That being said, I certainly bought AXS too early as they are down 20% since I started buying. They now have a 3.5% dividend yield. They have a history of increasing their dividends annually and have gone from 7 cents a quarter in 2004 to 23 cents currently (they just went x-dividend this week). I think they are in decent financial shape. They are quite large, considering they have only been around for ten years. They are also quite diversified. Finally, the critical part is they are trading at about 75% of book value. Companies like AXS have historically traded at about 120% of book value. So they are severely discounted.

AZN - this is the British pharmaceutical, AstraZeneca. they are huge, about $60b in market cap. They are #55 in my MFI listing. They have about a 6% dividend yield. They are my only pharma, I do probably need to get at least one more. AZN has held up quite well in the recent bloodbath.

BHK - This is a closed end fund (CEF) that specializes in corporate debt/bonds. This has been one of my best investments, as it is a flight to safety play. It yields 6.2% and it trades at a 7% discount to net asset value. It pays the dividend monthly.

More to follow...

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