Chasing the Yield – August 2, 2021

Episode 15

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News

Orders for durable goods increased in June

Microsoft posts 47% profit increase year over year… stock falls 2% after hours

Hoegh LNG Partners cuts distribution 98%

In the wake of Hoegh LNG Partners dividend cut

Portfolio Update

LowYieldMediumYieldHighYieldWeek+0.68%+0.71%-6.08%Month+0.35%-0.90%-8.33%2021+14.72%+12.53%-5.89%

Dividends Received this WeekAmountCommunity Bank (CM)$101.13PIMCO Income Fund (PONPX)$168.58Cherry Hill Mortgage Investment (CHMI)$555.39Orchid Island Capital (ORC)$242.06Fidelity High Income (SPHIX)*$30.87MSC Industrial Direct (MSM)*$45.00*Reinvested to increase position

Dividends

* Hoegh LNG Partners LP (HMLP) announced its next dividend of $0.01 per share, a 98% decrease from the company’s previous payout of $0.44.* Community Trust (CTBI) announced its next dividend of $0.40 per share, a 3.9% increase over the company’s previous payout of $0.385.* Ares Capital (ARCC) announced its next dividend of $0.41 per share, a 2.5% increase over the company’s previous payout of $0.40.* Cullen/Frost (CFR) announced its next dividend of $0.75 per share, a 4.2% increase over the company’s previous payout of $0.72.* Arbor Realty (ABR) announced its next dividend of $0.35 per share, a 2.9% increase over the company’s previous payout of $0.34.* Magellan (MMP) announced its next dividend of $1.0275 per share, in line with the company’s previous payout.* Tompkins Financial Corporation (TMP) announced its next dividend of $0.54 per share, in line with the company’s previous payout.* Black Hills (BKH) announced its next dividend of $0.565 per share, in line with the company’s previous payout.* Arrow Financial Corporation (AROW) announced its next dividend of $0.26 per share, in line with the company’s previous payout.* IBM (IBM) announced its next dividend of $1.64 per share, in line with the company’s previous payout.* Matthews (MATW) announced its next dividend of $0.215 per share, in line with the company’s previous payout.* Fortis (FTS) announced its next dividend of $0.505 CAD per share, in line with the company’s previous payout.* MPLX (MPLX) announced its next dividend of $0.6875 per share, in line with the company’s previous payout.

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