Diary of a Dividend Diva: Addendum

 | Sep 02, 2011 | 9:00 AM EDT  | Comments
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Stock quotes in this article:

gpc

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trv

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ftr

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kmb

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rai

,

mo

,

nyx

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mrk

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grmn

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lo

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pm

I posted my usual biweekly Dividend Diva column Monday, but I had to come back with an "addendum" -- there are so many great dividends coming up shortly, and I need to be sure our readers are participating in some of these. To show you how prolific the next week or so will be, see the table below, which shows all of the interesting upcoming dividends, as identified by my proprietary screen. Now, this is just the basic first pass. It looks for names based on market capitalization, trading volume and dividend size, so it is a starting point -- not ending point. From here, we will do a bit more research to choose our plays.

 

Dividends Through October
Source: FactSet

Within this large universe, I am looking for a number of specific qualities. They should offer around a 1% payout, have no news pending (such as an earnings release), have a stable to improving trading pattern, have fundamental rationale for holding their value ex-dividend and they should not be owned "for the dividend" -- for instance, as with such stocks as preferreds or most utilities. Boiling it down, below are the names I bought Thursday.

Dividend Stocks Recently Bought

Notice that the group is diversified across sectors, and are generally not "yield" stocks, except for perhaps the telecom name Frontier or the tobaccos. I do play the telecoms regularly, and Frontier is too juicy to pass up, although we could take a small capital loss on it (less than the dividend, however, for net positive total return). I rotate through the tobaccos every quarter, and am doing so again with Reynolds and Altria -- having just cycled through Lorillard (LO) -- and Philip Morris (PM) will be coming up soon, as well. I hope we can catch them all this quarter.

I also took on a bit of tech exposure with Garmin. It's a bit of a dog, but it generates cash and pays it out, and has enough volatility to carry us out in a reasonable amount of time.

So do your homework. Pick a few names, look at the charts, watch for any news flow and analyze the stocks for stability. Then let 'er rip. Make some hay while the sun is shining.

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