The Retirees' Dividend Portfolio: John And Jane's July Taxable Account Update
Published Aug 13, 2020 on Seeking Alpha

Seeking AlphaRetirementThe Retirees' Dividend Portfolio: John And Jane's July Taxable Account UpdateAug. 13, 2020 3:44 PM ET|| Includes: AAPL, ABR, ABR.PA, ABR.PB, ABR.PC, ADM, APLE, BP, BPAQF, C, C.PK, C.PS, CAGR, CAH, CARR, CLX, CMI, CPRJ, DIS, DOV, EAFAX, EMR, EPD, EPR, EPR.PC, EPR.PE, EPR.PG, ET, GIS, HON, HP, HRL, IRM, LEG, LTC, MCD, MIND, MINDP, MO, MSB, NRZ, NRZ.PA, NRZ.PB, NRZ.PC, O, ORI, OTIS, PH, PSXP, R, RTX, SKT, SLB, SO, SOJA, SOJB, SOJC, SOJD, SOLN, SPG, SPG.PJ, T, T.PA, TBB, TBC, TXN, UTX, VFC, VZ, WASH, WLKP, WPC, XOMby: Matthew UteschMatthew Utesch Dividend investing, dividend growth investing, long only, REITsSummaryThe Taxable account generated $1,337.01 of dividends in July of 2020 compared with $1,030.43 of dividends in July of 2019.
The Taxable Account had a balance of $380,934.95 as of July 31st, 2020 vs. $455,900 on July 31st, 2019. The estimated annualized yield is 4.67%.
One stock in the Taxable portfolio suspended, reduced, or eliminated dividends during the month of July.
A total of six stocks/funds in the Taxable portfolio paid increased dividends or paid a special dividend during the month of July.
Carrier Global Corporation (CARR) emerged along with Otis Worldwide Corporation (OTIS) as two spin-offs from the merger of United Technologies (UTX) and Raytheon (RTX). So far I have been extremely pleased with the results of the spin-off and John and Jane decided that it made sense to keep these shares rather than eliminating the positions. One of the reasons they considered selling shares was that the dividend yield for both companies is on the low-side.
Data by YCharts
CARR currently offers a yield of 1.15% and its payout ratio for Q2-2020 was less than 25% of Non-GAAP EPS which came in at $.33/share.
OTIS currently offers a dividend yield of 1.27% and its payout ratio for Q2-2020 was just under 36% of Non-GAAP EPS which came in at $.56/share.
RTX currently offers a dividend yield of 3.17% and its payout ratio... Read more