Robust job creation and rising take-home pay are good for just about every business (except maybe pawn shops and loan sharks). But this company benefits more than most…  In fact, that’s what led us to recommend this stock to our Daily Paycheck subscribers back in 2012. And all it’s done since then is reward readers with one of the fastest-growing dividends you’ll find in the market — and a total return of 253% at last count. Paychex (Nasdaq: PAYX) handles the payroll for 650,000 clients, mostly small businesses with 10 to 50 employees — the economy’s growth engine. These payroll… Read More

Robust job creation and rising take-home pay are good for just about every business (except maybe pawn shops and loan sharks). But this company benefits more than most…  In fact, that’s what led us to recommend this stock to our Daily Paycheck subscribers back in 2012. And all it’s done since then is reward readers with one of the fastest-growing dividends you’ll find in the market — and a total return of 253% at last count. Paychex (Nasdaq: PAYX) handles the payroll for 650,000 clients, mostly small businesses with 10 to 50 employees — the economy’s growth engine. These payroll customers generally pay a flat service fee, as well as an additional fee for each worker enrolled. Thus, Paychex likes to see businesses hiring new employees. And after a soft February report, the labor market is roaring once again. There were 196,000 new jobs created in March, about 20,000 more than expected. Meanwhile, the number of unemployment claims fell to the lowest level since 1969 (and the workforce is much larger today than it was 50 years ago). #-ad_banner-#Payroll administration is a lucrative business. Paychex produced $1.1 billion in revenues last quarter, a healthy increase of 14%. Half of that… Read More

One of the main strategies employed by my premium newsletter, The Daily Paycheck, is dividend reinvestment.  Thanks to the power of compounding, every dollar of income we reinvest back into the securities that pay them accumulates our money faster. Even one reinvested dividend makes your position bigger and its income generation potential larger.  In the simplest terms, dividend reinvestment can make you richer quicker.  The beauty of this strategy is in its simplicity. When you reinvest dividends, you put more money into the security, and this larger position pays you more the next time its dividend is due. This cycle continues… Read More

One of the main strategies employed by my premium newsletter, The Daily Paycheck, is dividend reinvestment.  Thanks to the power of compounding, every dollar of income we reinvest back into the securities that pay them accumulates our money faster. Even one reinvested dividend makes your position bigger and its income generation potential larger.  In the simplest terms, dividend reinvestment can make you richer quicker.  The beauty of this strategy is in its simplicity. When you reinvest dividends, you put more money into the security, and this larger position pays you more the next time its dividend is due. This cycle continues for as long as you are willing to hold the security and delay pocketing the income.  Easy enough, right?   But there is more to this strategy than you might realize at first. For instance, when you reinvest dividends, the frequency of the payments matters.  Let me explain… —Recommended Link— This $1,003-a-Month Income Boost Is Available to Everyone There’s a way for you to collect extra government cash. And it isn’t some “file and suspend” Social Security trick that only makes sense for a few people. This obscure opportunity allows you to collect government cash no… Read More

As many of you know, I make it a regular habit to pinpoint three or four stocks that are primed for a dividend hike in the coming month.  #-ad_banner-#Keep in mind, I’m not projecting these hikes within the next 6 to 12 months, but often within the next 6 to 12 days — so this is information you can act on immediately if you so choose. Even still, my premium High-Yield Investing readers get this information even sooner than when you’re reading this, giving them an extra jump.  Why do I point this out? Well, I have profiled 16 candidates… Read More

As many of you know, I make it a regular habit to pinpoint three or four stocks that are primed for a dividend hike in the coming month.  #-ad_banner-#Keep in mind, I’m not projecting these hikes within the next 6 to 12 months, but often within the next 6 to 12 days — so this is information you can act on immediately if you so choose. Even still, my premium High-Yield Investing readers get this information even sooner than when you’re reading this, giving them an extra jump.  Why do I point this out? Well, I have profiled 16 candidates so far this year. And as expected, nearly all of them have lifted their distributions.  Most have delivered sizeable gains as well. Genuine Parts (NYSE: GPC) (profiled here) is up 18.3% for the year; Air Products & Chemicals (NYSE: APD) has rallied 21.9%; and Best Buy (NYSE: BBY) (profiled here) has surged an impressive 39.3%.  Let’s keep that streak going.  Here are three more dividend payers to watch in the coming weeks…  1. American Water Works (NYSE: AWK) — Founded more than a century ago, American Water Works is the nation’s largest publicly-traded water utility. The company owns 600 treatment plants,… Read More

Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).  I won’t quibble with any of those names. These are time-tested businesses with above-average payouts that have served investors well over the years. They are also well-known and widely-held. You’ll find them in most dividend-oriented mutual funds and exchange-traded funds (ETFs).  —Recommended Link— This Could Create An Enormous Wave Of Wealth If you’ve been looking for a way to make money from the booming legal marijuana… Read More

Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).  I won’t quibble with any of those names. These are time-tested businesses with above-average payouts that have served investors well over the years. They are also well-known and widely-held. You’ll find them in most dividend-oriented mutual funds and exchange-traded funds (ETFs).  —Recommended Link— This Could Create An Enormous Wave Of Wealth If you’ve been looking for a way to make money from the booming legal marijuana market. but don’t want to roll the dice on a penny stock or figure out how to buy shares of a grower on some Canadian exchange. there’s good news. We’ve discovered a unique marijuana profit-sharing plan that’s paying a small group of regular people up to $55,563 a year. Learn more here. Take T. Rowe Price Equity Income (PRFDX), one of the best large-cap value funds around (full disclosure, I hold it in my 401(K) account). The fund is sitting on 2.9 million shares of AT&T and 8.9 million shares of Pfizer. Those stakes are worth $93… Read More

It’s the longest-tenured fund holding in my High-Yield Investing premium portfolio… and for good reason.  After all, most investors probably don’t associate 7% yields with safety — much less outperformance. But with the John Hancock Premium Dividend (NYSE: PDT) fund, you get all that and more.   After a rare down year in 2018, PDT is once again at the top of the charts in 2019. It has delivered a return of 21.6% so far, doubling its category average — and scoring in the top 1% of its peer group. Launched by John Hancock in 1989, this closed-end fund targets dividend-paying… Read More

It’s the longest-tenured fund holding in my High-Yield Investing premium portfolio… and for good reason.  After all, most investors probably don’t associate 7% yields with safety — much less outperformance. But with the John Hancock Premium Dividend (NYSE: PDT) fund, you get all that and more.   After a rare down year in 2018, PDT is once again at the top of the charts in 2019. It has delivered a return of 21.6% so far, doubling its category average — and scoring in the top 1% of its peer group. Launched by John Hancock in 1989, this closed-end fund targets dividend-paying preferred and common stock. There are more than 100 securities in the portfolio issued by cash generators such as Verizon (NYSE: VZ) and Kinder Morgan (NYSE: KMI). But the biggest weighting goes to utilities and financial firms, which occupy nearly 80% of assets. If a utility sector fund and preferred stock fund had an offspring, it would look a lot like PDT. #-ad_banner-#Since preferred stocks are primarily issued by banks, brokerage firms and insurance companies, it’s no surprise that the portfolio is dominated by names such as Morgan Stanley, Capital One and Prudential. The heavy concentration in regulated power… Read More

As my High-Yield Investing subscribers know, I like to keep an eye out for companies that are likely to announce a dividend hike in the coming month. #-ad_banner-# Staying on top of these potential pay raises for shareholders is important. After all, while finding a good income security is always a good thing, it’s even better if we can get in early.  As you’ll see in a moment, two of today’s dividend-growth candidates come from the tech sector. That’s a nice coincidence if you happened to catch my previous article — in which I pointed out that the tech sector is… Read More

As my High-Yield Investing subscribers know, I like to keep an eye out for companies that are likely to announce a dividend hike in the coming month. #-ad_banner-# Staying on top of these potential pay raises for shareholders is important. After all, while finding a good income security is always a good thing, it’s even better if we can get in early.  As you’ll see in a moment, two of today’s dividend-growth candidates come from the tech sector. That’s a nice coincidence if you happened to catch my previous article — in which I pointed out that the tech sector is often an overlooked area for income investors. In fact, the two companies I specifically mentioned in that piece show up as potential dividend-hikers today. I’ve also highlighted a household staples provider and a utility, both of which are Dividend Aristocrats with decades of uninterrupted dividend growth.  All four businesses are at the top of their respective fields. And all are poised to hike their distributions within a matter of weeks. So without further delay, here are four stocks that could raise their payouts as soon as next month.  1. Apple (Nasdaq: AAPL) — As mentioned above, Apple has been changing… Read More

Have you ever looked at the portfolio composition of popular equity-income funds such as Vanguard Dividend Appreciation (NYSE: VIG)? The low-cost exchange-traded fund (ETF) was built to give investors access to a broad basket of 200 dividend-paying stocks.  It has done a respectable job, delivering total returns of 10.2% annually over the past five years, better than most category peers. But the fund isn’t nearly as diverse as you might expect. More than 70% of assets are sunk into just three sectors: industrials, consumer services and consumer goods.  I can relate. A good chunk of my High-Yield Investing portfolio is… Read More

Have you ever looked at the portfolio composition of popular equity-income funds such as Vanguard Dividend Appreciation (NYSE: VIG)? The low-cost exchange-traded fund (ETF) was built to give investors access to a broad basket of 200 dividend-paying stocks.  It has done a respectable job, delivering total returns of 10.2% annually over the past five years, better than most category peers. But the fund isn’t nearly as diverse as you might expect. More than 70% of assets are sunk into just three sectors: industrials, consumer services and consumer goods.  I can relate. A good chunk of my High-Yield Investing portfolio is devoted to midstream energy MLPs, real estate trusts, and infrastructure firms.  That’s no accident. These companies own durable assets that generate steady, predictable cash flows. They also offer some of the most generous yields around, with lofty payouts of 6% to 8% or more. So naturally, I do a lot of fishing in these waters. And I won’t complain about long-term returns of 108%, 207%, 421%, and more.  Still, too much concentration can be dangerous. And there’s a lot of ground to cover out there.  —Recommended Link— Congratulations on 10 years of profits We’ve unleashed it again–our annual Game-Changing… Read More

Despite choppy oil prices, master limited partnership (MLP) Magellan Midstream (NYSE: MMP) has managed to produce record distributable cash flows (DCFs) over the past year.  But that’s not altogether surprising, considering 90% of the firm’s income is fee-based, leaving just 10% sensitive to commodity prices. It’s also why we’ve held it in our portfolio over at The Daily Paycheck since 2010. Magellan At A Glance For those who are unfamiliar, Magellan owns 9,700 miles of refined products pipelines that connect with roughly half of the nation’s refineries. It also operates 53 terminals that have 45 million barrels of… Read More

Despite choppy oil prices, master limited partnership (MLP) Magellan Midstream (NYSE: MMP) has managed to produce record distributable cash flows (DCFs) over the past year.  But that’s not altogether surprising, considering 90% of the firm’s income is fee-based, leaving just 10% sensitive to commodity prices. It’s also why we’ve held it in our portfolio over at The Daily Paycheck since 2010. Magellan At A Glance For those who are unfamiliar, Magellan owns 9,700 miles of refined products pipelines that connect with roughly half of the nation’s refineries. It also operates 53 terminals that have 45 million barrels of gas and diesel fuel storage capacity. That’s in addition to 2,200 miles of crude oil pipelines that feed storage systems from the Gulf Coast to the nation’s main hub in Cushing, Oklahoma. Magellan doesn’t take possession of any oil or other liquids — it just gets paid for storage and transportation services. That compensation comes in the form of tariffs and fees (often under long-term contracts) based on the volume of oil and refined products flowing through its networks. #-ad_banner-#What’s New With MMP Thanks in part to a 4.4% tariff increase at mid-year, the company delivered record DCF of… Read More

I can’t think of a stock that’s more hated. We’ve written about this company several times before. And just about every time we mention it, we end up receiving nasty emails admonishing the fact that we would cover — let alone recommend — investors own shares of this company. In fact, it happens so often that whenever we cover this stock, I instruct our staff to put in a mention that this investment isn’t for everyone. If you don’t want to invest in this stock, I can certainly understand. But if you have an open mind toward this black sheep,… Read More

I can’t think of a stock that’s more hated. We’ve written about this company several times before. And just about every time we mention it, we end up receiving nasty emails admonishing the fact that we would cover — let alone recommend — investors own shares of this company. In fact, it happens so often that whenever we cover this stock, I instruct our staff to put in a mention that this investment isn’t for everyone. If you don’t want to invest in this stock, I can certainly understand. But if you have an open mind toward this black sheep, you’re likely to appreciate what it can do for you. —Recommended Link— Larry Claims He Makes $213,000 A Year Using This System On average, a handful of investors quietly make $1,543 a month with this simple, 3-step system. Some, like Larry from Washington, will bank 6-figures this year. To find out what you’re missing, click here NOW… Philip Morris International (NYSE: PM) is the world’s second-largest tobacco company, behind only China National Tobacco. And it might take the title for Most Hated Company on the Planet, if I were to guess (although a few others could certainly give it… Read More

Last week, I wrote an extensive piece detailing why big oil is having one of its best periods on record: Exxon Mobil (NYSE: XOM) hauled in $6.4 billion in adjusted net income in the fourth quarter. BP (NYSE: BP) shattered expectations with a profit of $3.5 billion. Royal Dutch Shell (NYSE: RDS-A) banked earnings of $5.7 billion. That’s $15.6 billion from just three companies — in a single quarter. For the year, the combined earnings of the five super-majors — this trio plus Chevron (NYSE: CVX) and Total (NYSE: TOT) — reached an incredible $80 billion. I also discussed why… Read More

Last week, I wrote an extensive piece detailing why big oil is having one of its best periods on record: Exxon Mobil (NYSE: XOM) hauled in $6.4 billion in adjusted net income in the fourth quarter. BP (NYSE: BP) shattered expectations with a profit of $3.5 billion. Royal Dutch Shell (NYSE: RDS-A) banked earnings of $5.7 billion. That’s $15.6 billion from just three companies — in a single quarter. For the year, the combined earnings of the five super-majors — this trio plus Chevron (NYSE: CVX) and Total (NYSE: TOT) — reached an incredible $80 billion. I also discussed why plans for a record $425 billion in spending on exploration this year should have investors excited. In that piece, I mentioned that I’m saving my top pick on this trend for my High-Yield Investing subscribers only, but that there were a number of ways for investors to profit.  Today, I want to spend a little time on just one of the big oil producers — specifically, BP (NYSE: BP).  #-ad_banner-#BP was no exception to the record fourth-quarter results posted by the major energy giants. The market was expecting an adjusted profit of $2.6 billion. The company delivered $3.5 billion, an… Read More