Domain: tiger-web1.srvr.media3.us Boring Dividend Stock Rec's? | Page 2 | Money Talk
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re: Boring Dividend Stock Rec's?

Posted on 4/12/23 at 10:26 am to
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 4/12/23 at 10:26 am to
Got it
Posted by Boomer Rick
Member since Apr 2021
361 posts
Posted on 4/12/23 at 11:20 am to
FLNG
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
74247 posts
Posted on 4/12/23 at 11:47 am to
quote:

T(ATT)-5.6%


Already got a bunch of that.


Trying to buy some VMFXX but Schwab is throwing errors and making me contact a Schwab representative.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
74247 posts
Posted on 4/12/23 at 11:52 am to
So much for VMFXX in a Schwab account.

quote:

this is a money market fund from Vanguard and is not available for purchase. Are you interested in money market funds?
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
80152 posts
Posted on 4/12/23 at 11:56 am to
quote:

MO seems to fit your strategy of having stuff with O’s in the ticker with dividends.


ONEOK.

Two O's are better than one.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53318 posts
Posted on 4/12/23 at 12:20 pm to
quote:

Why Not?

"Do not own MLPs in a Roth IRA."

It creates a strange tax situation when you get up to a certain income level for the dividends. And yes, I believe you still have to pay taxes in a Roth with MLPs over a certain threshold
Posted by Auburn1968
NYC
Member since Mar 2019
25628 posts
Posted on 4/12/23 at 1:05 pm to
No so boring but ZIM has a fat dividend that just paid me $6.40 per share. It appears to be running a three month cycle where the price climbs the closer it gets to payout and then drops three or four dollars a share immediately after the payout.

Right now it is going for about $20. Right after the payout, it dropped to $17. The dividend has been fatter, but no guarantee where it will go as it depends on shipping prices.

Posted by slackster
Houston
Member since Mar 2009
91484 posts
Posted on 4/13/23 at 9:20 pm to
quote:

If interest rate is the thing here, why not use a fixed annuity at 5-6%, a CD, or similar without the market risk involved? Is it because of the hope of a capital appreciation combined with the dividend income, and/or using the dividend to reinvest in said stock? Thanks. I want to learn more. (I understand the ability to exit the stock quicker than an annuity, but wouldn't need to because there's no market risk, so I approach this from an income standpoint.)


A solid dividend paying stock should offer capital apprenticeship over time as well as a rising income. That’s worth the market risk for people who can stomach it.

It is often paired with a predictable fixed income from the investments you mentioned for those who are using the income to live.
Posted by Motownsix
Boise
Member since Oct 2022
3189 posts
Posted on 4/13/23 at 10:53 pm to
I have quite a bit of LTC. Trades at about the mid $30’s pays a $0.19 dividend per share each month. I’ve been collecting close to 7% for about 9 years now.
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 4/13/23 at 11:20 pm to
You can get close to 5% in a Brokered CD.
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 4/13/23 at 11:23 pm to
I believe that is $1k in dividends per yr... so for someone putting a small amount from a IRA contribution, it can work. But, as you state, for higher amounts it does not.
This post was edited on 4/13/23 at 11:26 pm
Posted by LSUtiger89
Baton Rouge
Member since Dec 2007
4641 posts
Posted on 4/14/23 at 6:57 am to
quote:

No need for a dividend strategy at the moment. I am making close to 5% on my idle cash.


Well that’s just not true. Your idle cash isn’t being reinvested and buying more shares. Think about your investments dollar cost averaging for you. It’s great that the cash is doing that for us but that’s not going to last.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15941 posts
Posted on 4/14/23 at 7:20 am to
quote:

Banks: JPM,PNC,

looking strong early this morning after earnings. Might not be the case by end of day.
Posted by el Gaucho
He/They
Member since Dec 2010
58713 posts
Posted on 4/14/23 at 7:45 am to
Just put it in a high interest checking account
Posted by olemissfan26
MS
Member since Apr 2012
6933 posts
Posted on 4/14/23 at 9:42 am to
SPHD
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10801 posts
Posted on 4/14/23 at 1:49 pm to
quote:

It creates a strange tax situation when you get up to a certain income level for the dividends. And yes, I believe you still have to pay taxes in a Roth with MLPs over a certain threshold


It doesn't make sense to buy MLPs in a Roth or IRA when MLPs already provides tax benefits in taxable brokerage accounts. The ongoing distributions are not taxable due to depreciation and other offsets until years in the future or when someone sells their units. I have had MLPs for years and not paid tax yet, very helpful when early retired and shields distributed income in order to keep stated income low enough for low cost ACA health insurance, etc.

OP, you might look at BCE, yielding just over 8% today, but better off in taxable account to receive foreign tax credit.
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