Do any of you chase dividends? Generally, I do not. However, I have in the past year stumbled across some "risky" but lucrative REIT stocks that pay a monthly dividend that translates to anywhere from a 12.33-17.73% annual return. This is not counting any appreciation in the stock price, which has been significant. My current dividend stocks are ORC, AGNC and ARR. The stock prices since I have purchased, over the past 6-9 months has increased anywhere from 16-31%. This is a, relatively, small part of my portfolio, but it has done well for me. If y'all have any additional wisdom where a person might make some money I am always open to suggestions.

I live on divy’s,,,,,

use yeildmax ETFs mainly

Collect divys all year, than sell the stock at the EOY to harvest the tax loss,,, pay a lot of capital gains tax on divys

I have not decided what to buy this year,,,, but will be in the next couple weeks,,,, still researching

Very small % of the portfolio

Reits do well in a falling interest rate trend,,,,, poorly when interest rates are rising,,,, generally(imho)

Not financial advice

Short of a mobile home park, there's not too many real estate classes that will provide that kind of return. I would definitely be weary of it.

Ol dad

I bought 1000 shares today in my ROTH. Tax free dividends are the bomb.

Nice!

ET energy transfer around 8%

VZ Verizon 7%

As started ARCC. Ares Capital 10%

Be sure to check out the payout ratio. You also want room for dividend growth

I once owned Tanger Outlet shares. I lived near their Greensboro, NC, corporate office at the time. This was maybe in 1998-89. They paid a double-digit dividend. My broker called their CFO and inquired if any of the dividend was actually a return of capital. The CFO said yes, so I was receiving my own funds, not theirs.

I have had good luck with oil pipeline partnerships that had nice dividends and some share growth. The problem with partnerships is that they do not send their 1099's until well after April 15th, so shareholders have to file extensions. This increases tax prep costs, which is no longer a tax-deductible expense.

Still, I like companies with track records of increasing dividends. These are normally good "buy and hold" stocks.

Was that the same broker that got you invested in it, or did you do that on your own?

Well....I am not the smartest guy on the boards, and I will tell you how I have lost fifty percent of my capital when the stock price tanked.
The stock symbol is LYB. LyondellBassell Industries is a chemical company with worldwide exposure.
It was very profitable until it wasn't. Still is paying a generous (10%+) dividend but the underlying stock price is down by half from two years ago.
The dividend will be hard to keep paying in this environment.
Always hard to accurately assess downside risks for me.

I don't chase dividends but I also don't avoid them. Total return interests me. I really don't care how total return is broken down. I roll it all back into the investment until it's time for me to cash out.

I like monthly dividends.
Here are few.
JEPQ
SPYI
TUGN
PDY
PDO

Prefer the ETF's and Mutual funds over the individual stocks, but have had ARCC for years and its a true champ.
Good luck.

I would be very cautious with reits paying a high dividend.

I like:
ARCC
AMLP
JEPQ
RFI
QQQI.

I like to buy dividend aristocrats when they're on sale. HRL is on my radar.

GLTA

I briefly looked at ORC.

They're funding the dividend by accumulating debt.

$8 billion in debt vs. $100 million in annual revenue.

Hard pass.

I would strongly consider cost averaging. Adding to the position.

If it costs me 60-70k a year to live,,,,

I want to be able spend it,,, and still have as much of the seed money at EOY as possible,,,,that’s the goal anyway

Not comfortable enough, to do the option thing(selling covered calls),,,,

The monthly/ weekly divys from yeildmax accomplish this

They pay huge,, but decay,, so they are not long term investments

It’s critical to have feel on which way/what is trending,,, have to be paying attention

AGNC is intriguing, but they are essentially issuing shares every month to pay the dividend.

How long can that last?

Dilution and taking on debt to pay dividends is a big, red flag.

Wait until after they cut the dividend, if you want to buy more.

Stock price will crater when the dividend is cut.

Historically they are holding up.

So many of the dividend stocks mentioned above are what is known as "Dividend Traps". They are losing money while paying a dividend that exceeds common sense. Many BDC stocks, (business development company), are set up by individuals or partnerships using a floating interest rate, (with rates currently declining), and are the largest shareholders, who borrow money at a reduced rate, then loan the money to another business that has a lower credit rating, and as such must pay more to borrow money. The concept alone should give caution, and I have both closely followed and invested in several over the years. If you actually do even a little digging, you will discover that many of those eye-popping dividend stocks are slowly going into insolvency.
ORC, (Orchid Island Capital), is one of the most dangerous ones I have followed. They are nearing the point of no return, with very little money left to pay the dividend, and are actually using money THEY BORROW at around 7.5% to pay a dividend of between 17% and 19%! A couple years ago it was about 12%, but the stock price has declined a LOT, but they keep paying the same amount of cash per share, so the percentage keeps climbing.
ET has been a dividend aristocrat, and while the dividend is probably safe at this time, the stock is down considerably, and they have issues. However, you might look instead at USA Compression, which ET has a substantial stake, that pays a very good dividend, and ET owns somewhere in the vicinity of 30% of UAS Compressions available shares for the cashflow the dividends provide.
PFLT is another BDC that I owned for about 5 years. It paid a hefty dividend, about 10-11%, paid monthly, and I set it up for re-purchase, adding to the end-of-year compound interest and share count. Then last year I saw some financial engineering that gave me pause. PFLT had a "sister" company that was suffering with a credit downgrade, and a few poor investments that resulted in bankruptcies, threatening insolvency. So, PFLT, which was owned and run by the same people that ran the sister company, loaned money from PFLT to the other company, which kept paying an inflated dividend, essentially using the same cash to pay 2 dividends while losing money on both. PFLT has been paying out 41 cents in dividends on every 30 cents made for over a year.
That is just one example.
BBC stocks are the classic "If it seems too good to be true, it probably is." Be careful.