Year-End List of Monthly Dividend Stocks (updated)

This article has 3 comments:

•  
  FrankGiaa

  May 31 02:07 AM
  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
  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.
  
  
  
•  
  PNW

  Jul 09 11:07 PM
  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.
  >
  >
•  
  Torrey

  Jul 11 10:39 AM
  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!