December 24, 2013

High Yield Bond Success:

MEMC Electronics changed its name to Sun Edison earlier this year. The company is a solar energy company with a rocky past but we took "a flier" on the bond.

Bought at $84.75; it has been called at par + adjustments for the treasury which today make the price about $107 for a about a 27.5% gain.

High yield bonds can be safe and rewarding.

Here is the original post.

December 26, 2013

Micro Cap Success:  Espey Manufacturing ESP

What a lovely Christmas present from Espey Manufacturing, ESP, (a dividend machine in 2011: click here to view the original post) an extra $1.00 dividend in addition to the regular quarterly $.25 dividend.

Thanks, ESP

The Money Madam

Dividends & Income - Planning for 2014

Merry Christmas and Happy New Year: 

Time to measure results and formulate 2014’s dividend and income plan.

The Money Madam

Dividends & Income - Chevron CVX 20th Dividend Machine for 2013

I am not sure if this will be the last Dividend Machine I profile for the 2013 portfolio but it a stock I profile with great confidence.  This will by the 20^th Dividend Machine profiled in 2013.

Chevron is the best of breed in the energy space and my reasons for saying so include their safety as measured by the balance sheet.   As you know I use D/E (debt to equity) equity to screen for safety.    Even more compelling is that the yield, currently above three percent, keeps up with the prices increases.

Chevron is diversified.  It owns and operates businesses in every segment of the industry and qualifies as a good global diversification for your portfolio as it does business all over the globe.

Chevron’s Dividend Machine Fundamentals:

Today, Chevron, symbol CVX is trading around $120.50; slightly off the 52 week high of $127.83 and well above the 52 week low of $105.75.     Chevron earns a mighty $12.22 per share and pays out $4.00 per share per year for a yield of 3.31%.   They have increased the dividend annually for over a decade.  Although this is huge company, they carry a very low D/E ratio of .1277.

See the table below for a snap shot of CVX’s Dividend Machine fundamentals.

 

Consider CVX for the income producing portion of your investment portfolio.

The Money Madam