DivGro Pulse: November 2016

– Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) is ranked #39 out of 48 stocks and has a 4-star rating. Helmerich & Payne, Inc. (NYSE:HP)’s performance over the past month has been great, so my decision to hang on a little longer is paying off. The stocks’ yield has contracted to 3.99% from the 4.21% reported last time. I should be able to sell my shares for a small profit before year’s end.

– PennantPark Investment Corp. (NASDAQ:PNNT)

Unfortunately, PennantPark Investment Corp. (NASDAQ:PNNT) announced a cut in the distribution (3) starting with the March 2017 payment. The stock reacted violently, dropping nearly 10% on the day after the press release. I’m not surprised that the cut finally came, as PennantPark Investment Corp. (NASDAQ:PNNT)’s yield was unsustainable at nearly 16%. I’ll collect the final 28¢ dividend in December and then sell my shares. At the current price, I’ll get out with a slight profit with one more round of distributions.