February 2016 Dividends

457K Account: $0
Robinhood Account: $24.82

AGNC (American Capital Agency Corp.) – $2.8
ARTNA (Artesian Resources Corp.) – $1.11
HCP (HCP Inc.) – $3.45
O (Realty Income Corp) – $2.38
EPR (EPR Properties) – $.64
ORC (Orchid Island Capital Inc.) – $9.38
PER (SandRidge Permian Trust) – $2.30
YUM (Yum Brands Inc.) – $2.76

Sharebuilder Account: $32.08
ARP (Atlas Resource Partners LP) – $2.84
HAS (Hasbro Inc.) – $3.28
CNSL (Consolidated Communications) – $12.62
KMI (Kinder Morgan Inc.) – $.39
O (Realty Income Corp) – $1.44
ORC (Orchid Island Capital Inc.) – $11.50
Interest – $.01

Total From All Sources: $56.90
Added shares of the following companies:
ORC (Orchid Capital Inc.)
LUV (Southwest Airlines)
HCP (HCP Inc.)
ORC (Orchid Island Capital Inc.)
WMC (Western Asset Mortgage Capital Corp.)
KO (Coca-Cola Co.)
WFC (Wells Fargo & Co.)
DF (Dean Foods Co.)

Sold shares of the following companies:
NMM (Navios Maritime Holdings)

This month I took a loss in selling NMM (Navios Maritime Holdings). In addition to owning NMM I used to own FREE (FreeSeas Inc.). I sold out of that stock awhile ago as I saw an oversupply in the market along with the inability to repair their ships in an expeditious manner. At that time I kept NMM on the hope that they would secure new credit and maybe address the issue of oversupply in the market. While I was hopeful when it secured a line of credit from NNA, it did not disclose any significant details regarding the credit line. This is tempered by the fact that NMM is currently yielding a 85% dividend. This is simply unsustainable. The dry goods shipping market may see some improvement in 2017, but it is doubtful that NMM will benefit from that market turnaround. Due to that reasoning I felt it was necessary to reallocate capital.

Most of the reallocation was in REITs. I have gained lately from REITs and though the stock prices have swung widely the dividend portion has been steady.

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