• Monmouth Real Estate (NYSE:MNR) is likely to report earnings for its second quarter.
• EyePoint Pharmaceuticals (NASDAQ:EYPT) is likely to report quarterly loss at $0.46 per share on revenue of $7.93 million.
• Fortis (NYSE:FTS) is projected to report quarterly earnings at $0.75 per share on revenue of $2.50 billion.
• Madison Square Garden (NYSE:MSGS) is expected to report quarterly loss at $1.80 per share on revenue of $148.62 million.
• America First Multifamily (NASDAQ:ATAX) is projected to report quarterly earnings at $0.12 per share on revenue of $19.09 million.
• Ardmore Shipping (NYSE:ASC) is estimated to report quarterly loss at $0.31 per share on revenue of $24.86 million.
Because share prices are soaring, the current yields on some former dividend favorites have dipped well below 2%. However, many other dividend aces still yield at or above 3%, headed by AT&T s 6.9%.
So, with the full S&P 500 Index priced to yield just 1.4% (down from 2.4% a year ago), let me recast the Dividend-a-Month portfolio into a high-yield edition whose 12 elements average 3% or better on new money. Capital is spread over numerous sectors – a critical diversification advantage over an undisciplined chase for maximum yield. And you have growth opportunities.
Keep your cool.
Do not get impatient over cyclical or short-term principal losses. A big dividend means these shares – oil stocks excepted – tend to trade in a tight price range.