Shares of Annaly Capital Management, Inc. (NYSE:NLY) common stock continue to get hammered. With the declining interest-rate spread, I thought it was a good time to sell the stock in March. I sold at $15.32 per share, but I also added the preferred stock around the same time. While the preferred has gotten hit in recent weeks because of the sell-off in all things REIT, it’s down nowhere close to what the common stock has seen. The Series D now has an attractive 7.6% yield and trades below par, and it doesn’t have nearly the downside that the common still has.
Philip Morris International Inc. (NYSE:PM) is having a tough time in Europe, as the euro malaise continues. But tobacco is a resilient business, and the company has other fast-growing areas to cultivate. And trading at less than 16 times this year’s earnings and 14 times next year’s, the stock should be a good long-term investment regardless of what happens this year in euro-land. While Philip Morris International Inc. (NYSE:PM) is facing more regulatory threats across the globe, take a look at what fellow Fool Austin Smith thinks about the company in this video.
Dividends and earnings announcements
Here is the recent news on earnings and dividends:
Dividend news:
Annaly Capital Management, Inc. (NYSE:NLY) Series D went ex-dividend on May 30 and pays out almost $0.48 per share on June 30.
Brookfield went ex-dividend on May 29 and pays outs $0.43 per share on June 28.
Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) went ex-dividend on June 26 and pays outs $0.50 per share on July 14.
All that, of course, means more money coming into our pockets.
It’s fun to sit back and get paid, and with the market volatility, we might have a good chance to reinvest those dividends at good prices. Europe continues to be an absolute mess, and continued bad news will probably have stocks plunging again. If they do, I’ll be inclined to pick more shares up.
Foolish bottom line
I’ve been a fan of big dividends for a while, and I think this portfolio will outperform the market over time through the power of dividends. As I promised in the original article, I’ll continue to track and report on the portfolio’s progress, including news on these companies.
The article The World’s Best Dividend Portfolio originally appeared on Fool.com and is written by Jim Royal.
Jim Royal, Ph.D., owns shares of the 11 portfolio stocks mentioned in the table as well as Gramercy and Sprott. The Motley Fool recommends Brookfield Infrastructure, Exelon, National Grid, Retail Opportunity Investments, Seaspan, Southern, and Vodafone and owns shares of Gramercy Property, Brookfield Infrastructure, Philip Morris, Retail Opportunity Investments, Ryman Hospitality, Sprott, and Seaspan.
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