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Chasing the Yield

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This podcast has
18 episodes
Language
English
Publisher
Kevin Bae
Explicit
No
Date created
2021/05/03
Latest episode
2024/01/18
Average duration
-
Release period
59 days

Description

I'm an amateur investor that adopted the dividend income investing approach to personal finance. My purpose is to maintain principal while earning dividends.

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Debt on Personal Assets is not for Everyone
2024/01/18
Topics discussed on today's show. Debt vs. No Debt: Some investors prioritize returns and view having no home mortgage as better. However, debt on real estate has its own benefits. Real Estate Appreciation: Real estate generally appreciates over time, offering significant capital gain, especially when debt-free. However, mortgages reduce this gain with interest payments. Debt's Drawbacks: Debt siphons income, limits savings, and can lead to stress, snowballing debts, and repossession. Alternatives: Explore options before debt. If necessary, choose the best rates, prioritize needs, and borrow responsibly. Debt as a Tool: Use debt cautiously, prioritize stability, and understand its long-term consequences. For questions or comments contact me at [email protected] www.chasingtheyield.com
September 2023 Recap
2023/10/06
My annual income increased $25 as a result of dividend increases from Microsoft (+10%), NJR (+7.7%), and 5 other holdings. Meanwhile, there were changes to the Dividend Safety Scores of W. P. Carey, Smucker, and Walgreens. W.P. Carey Surprises With Plan to Exit All Office Properties; Dividend Could Be Reduced by Around 20%. Downgraded to Unsafe • Sep 21 J.M. Smucker to Acquire Hostess Brands, Increasing Leverage. Downgraded to Safe • Sep 12  Leadership Changes, Softening Consumer Spending Suggest Walgreens' Turnaround Struggles Continue. Downgraded to Borderline Safe • Sep 1 Casino Expansion, Higher Rates Weigh on Realty Income; Dividend Coverage Remains Healthy. Safe Rating Reaffirmed • Sep 13  Dominion Nears End of Strategic Review With Gas Utilities Divestiture; Dividend Expected to Remain Flat. Safe Rating Reaffirmed • Sep 7 Enbridge to Become More Diversified Energy Company With Gas Utilities Acquisition; Dividend Remains Safe. Safe Rating Reaffirmed • Sep 6 Brandywine cuts dividend by 21%, as economic headwinds continue to pressure office REITs Fortis increases payout by 4.4%, celebrating 50 consecutive years of annual dividend growth Microsoft hikes dividend by 10%, reaching 14th consecutive year of payout growth W. P. Carey raises dividend by 0.19% Philip Morris ups dividend by a modest 2.4%, balancing deleveraging goals with payout growth Realty Income raises dividend by 0.20% NJR increases dividend by 7.7%, marking 30th increase in 27 years Verizon raises dividend by 1.9%, reaching 17th consecutive year of annual payout growth   For questions or comments contact me at [email protected]
August 2023 Recap
2023/09/21
UGI Mulls Separating Propane Business to Unlock Value, Potentially Causing Jump in Payout Ratio Dominion's Strategic Review Nears End; Firm Remains Committed to Dividend Despite Rising Payout Ratio Labor Inflation and Higher-for-Longer Interest Rates Delay Healthcare Realty's Payout Ratio Improvement Softening Furniture Demand Slows Leggett & Platt's Deleveraging; Free Cash Flow Still Covers Dividend Altria raises dividend by 4.3%, tracking with goal to achieve mid-single-digit payout growth through 2028 Capital Southwest raises dividend by 3.7% and declares $0.06 per share special dividend Illinois Tool Works increases dividend by 6.9%, extending streak of paying higher dividends every year since 1972 Main Street grows dividend by 2.2%, continuing an ongoing commitment to a strong payout Hercules raises dividend by 2.6% and declares $0.08 per share special dividend   For questions or comments contact me at [email protected]
Dividend Safe as Dominion Energy Wraps Up Strategic Review; Payout Ratio Above Target
2023/09/13
Dominion Energy has been in the energy business since 1898. It’s one of the biggest utility companies in the U.S. and serves about 7 million customers in Virginia, the Carolinas, Ohio, and Utah electricity and gas. Dominion has steady and predictable income because it is regulated utility. Regulated utilities are like monopolies that are controlled by the government. They spend a lot of money to build and maintain power plants, transmission lines, and distribution networks that cover a large area. The government limits the competition by deciding which companies can build new power plants. And even though regulated utilities are monopolies, they can’t charge whatever they want for their services. The government sets the price in an effort to make it fair for the customers while giving the utility enough incentive to invest in safe and reliable service. Dominion’s main business is Virginia Electric and Power Company, which makes more than half of its profits. It operates in Virginia and North Carolina, two states that have good regulatory environments, according to research group called RRA. These states in which Dominion operates have fast-growing populations and businesses, which makes the regulators want to encourage more infrastructure spending by giving higher returns on capital and allowing higher electric rates over time. South Carolina, where Dominion has its next biggest business, is also one of the fastest-growing states in the country. This helps Dominion grow its income organically. In short, most of Dominion’s utilities have good relationships with the regulators and good prospects for growth. But even though Dominion operates in friendly states, it had to cut its dividend in 2020. This ended a long history of paying dividends without interruption for over 90 years. This happened because Dominion decided to sell its natural gas business, which made about 25% of its profits. Without this cash flow, Dominion would have paid out more than 100% of its income as dividends, which wasn't sustainable. So it had to lower its dividend. But, by selling its natural gas business, Dominion became a more focused with one of the best growth rates in the industry. It also plans to increase its dividend by 6% every year until 2026. Dominion’s business is more aligned with the trend of clean energy, and its income has become more predictable with regulated utilities making up 90% of its operating earnings. Dominion Energy is undergoing a strategic review to improve its business. The review could involve selling some of its assets, such as its stake in a gas liquefaction facility, which it already agreed to sell to Berkshire Hathaway for $3.3 billion. However, the outcome of the review is still uncertain and could affect the company’s dividend safety and growth prospects. Dominion has withdrawn its earnings guidance for the year and said it will share the results of the review by the end of this quarter. The company has also reaffirmed its commitment to maintain its current dividend, which has a high payout ratio of near 65%. Dominion’s stock trades at a low valuation compared to its peers and has an attractive portfolio of regulated and renewable assets. We are keeping our small stake in Dominion in our portfolios until we learn more about the review and its implications for the company’s future. For questions or comments contact me at [email protected]
TC Energy intends to spin-off Pipelines business into separate company
2023/09/04
TC Energy, a company that develops and operates energy infrastructure, announced that it plans to spin off its Liquids Pipelines business into a separate company. The decision was made after a two-year strategic review and is expected to be completed in the second half of 2024. The spinoff will create two independent, investment-grade, publicly listed companies that will focus on their own growth objectives and operational excellence. TC Energy will become a diversified natural gas and energy solutions company, while the Liquids Pipelines Company will be a critical infrastructure company that connects supply and demand markets for oil and other liquids. The spinoff will unlock shareholder value by providing both companies with more flexibility and efficiency. The spinoff will also enable both companies to contribute to the energy transition and security by providing reliable, lower-carbon energy sources. The spinoff is anticipated to be achieved on a tax-free basis for TC Energy shareholders. Positives The spinoff will create two independent, investment-grade, publicly listed companies that will focus on their own growth objectives and operational excellence. This will allow investors to choose the company that best suits their risk and return preferences, as well as diversify their portfolio. The spinoff will unlock shareholder value by providing both companies with more flexibility and efficiency. TC Energy will be able to optimize its capital allocation and pursue opportunities in natural gas and energy solutions, while the Liquids Pipelines Company will be able to leverage its existing assets and expand its market access and customer base. Both companies will also benefit from lower costs of capital and improved financial metrics. The spinoff will also enable both companies to contribute to the energy transition and security by providing reliable, lower-carbon energy sources. TC Energy will continue to invest in renewable power generation, hydrogen production, carbon capture and storage, and other emerging technologies. The Liquids Pipelines Company will transport oil and other liquids that are essential for various industries and products, as well as support the development of low-carbon fuels. Both companies will also strive to reduce their environmental footprint and greenhouse gas emissions. Negatives The spinoff will create uncertainty and complexity for TC Energy shareholders, who will have to decide whether to hold or sell their shares in the new Liquids Pipelines Company. The spinoff will also require regulatory approvals, shareholder votes, and other conditions that could delay or prevent its completion. The spinoff will reduce TC Energy’s diversification and exposure to the liquids pipelines sector, which has been a stable and profitable source of cash flow for the company. The Liquids Pipelines Company will face competition from other pipeline operators, as well as environmental and social challenges that could affect its operations and growth prospects. The spinoff will also impact TC Energy’s credit profile and financial flexibility, as the company will lose access to the cash flow and assets of the Liquids Pipelines business. TC Energy will have to rely more on its natural gas and energy solutions segments, which are subject to market volatility and regulatory uncertainty. TC Energy may also have to incur additional debt or equity financing to fund its capital expenditures and dividend payments. For questions or comments contact me at [email protected]
Make money from America's self-storage addiction
2023/08/28
It's well known that Americans like to buy stuff. I know this first hand being an American with a wife that, I believe, single handedly pulled the United States out of the 2008/2009 Great Recession. Back when my kids were young and we lived in a modest 3 bedroom split-level in a Chicago suburb we rented a storage unit. We stored all our old stuff and seasonal items. We had that unit for about 10 years until we put an addition on to our house which created more space for all our stuff. That broke the cycle of addiction. Storage is so profitable thanks to two key factors: month-to-month leases, in which the rents can be raised on short notice, and human nature. It doesn’t much matter what someone pays when they move in. Most stays outlast introductory rates.  “Statistically, once a customer stays with us for a year, they end up staying for five years,” Public Storage CEO Joseph Russell Jr. said.  Is There a Limit to Americans’ Self-Storage Addiction? Billions of Dollars Say Nope - WSJ (no paywall) As a former addict I can affirm it's much better being on the other side. Instead of paying a storage company to hold my stuff I invest in them others who pay to store their stuff are now paying me. I have a ways to go to break even from a decade of renting a storage unit but every quarter I get a little closer. Storage owners compete fiercely to get customers in the door. They duke it out online with algorithmic one-upmanship and move-in specials. But once someone signs up, the battle for their business is over. “The only thing that competes with an existing customer is the trash can,” said Spenser Allaway, storage analyst at real-estate research firm Green Street. “No one says, ‘This sounds like a fun way to spend a weekend, I’ll beg my friend to borrow their truck and move my stuff into another unit to save $10 a month.’ ” Even savvy storage investors become ensnared. “I’ve had one six years,” said Christopher Merrill, CEO of $56 billion property investor Harrison Street, which owns 119 storage facilities and is looking for more. “I’ve probably paid for the stuff six times over.” Is There a Limit to Americans’ Self-Storage Addiction? Billions of Dollars Say Nope - WSJ (no paywall) I bought Public Storage (PSA) back in 2019. While the stock price has held steady, which is my preference, it has paid me roughly 3.5%, on average, in annual dividends over that time. Public Storage is one of the largest self-storage companies in the world and has paid an annual dividend since 1981. If you're interested in investing in self-storage REITs there are other companies besides Public Storage. They pay a higher yield but are not as well capitalized and are not as safe a bet. They all look pretty solid though. Check them out. Public Storage (PSA) - 4.42% CubeSmart (CUBE) - 4.76% yield Extra Space Storage (EXR) - 5.13% yield National Storage Affiliates Trust (NSA) - 6.91% yield For questions or comments contact me at [email protected]
3 things I wish I knew in my 20s
2023/08/21
I'm old. 56 to be exact. I didn't start investing my money until I was in my mid 40s. And then I didn't know much about what I wanted to do. I never learned anything about money from my parents and the only courses I took in school were accounting and economics. There was nothing about investing. At first I did what all the financial columnists suggested. I put my money in index funds. And it was fine while I was working. The money grew at a moderate pace but didn't provide me any income. Then I read an article about investing for income and that took me down the rabbit hole of dividend investing. Listen at PodcastIndex.org That one column pushed me to learn about passive income and how it would allow me to live a decent life while leaving the hamster wheel of regular life. I retired from working a 9 to 5 job 4 years ago. Had I known about dividend investing years ago I may have retired much sooner or had a larger nest egg to retire with. Here's what I wish I knew in my 20s. Personal Profit What is personal profit? Personal profit is paying yourself. It's a cliché these days and is called "pay yourself first." Some suggest to set aside 10% of your take-home pay and put in savings or in an investment account. I don't necessarily subscribe to that method. It's easier said than done. Figure out the bare minimum you need to survive then pay yourself out of what remains. The key is to put aside the maximum you can. It will pay dividends (pun intended) later on down the line. It doesn't take a lot of work to figure out what you can pay yourself. You don't even need a computer or smartphone. Start with a piece of paper and put your average paycheck amount at the top. Then start listing your necessary expenses below that. Necessary expenses are expenses you must pay to survive. Think food, clothing, and housing. Then list supplementary expenses. Supplementary expenses are what it sounds like, they supplement your necessary expenses. These are things like utilities and transportation. Then list discretionary expenses. Discretionary expenses are wants, not needs. They're things like dining out (or take-out), concerts, sporting events, or other items of entertainment and/or hobbies. Subtract your expenses from your paycheck, and that gives you your personal profit. If the amount is in the negative you're not alone. When I was in my 20s, I definitely spent more than I made. I got married when I was 19 and had my first child when I was 20. We bought a condo, had two cars, and had to pay for daycare. Money was flowing out of my wallet like water over Niagara Falls. As a result of not understanding basic budgeting and the need to take personal profit, I spent about 20 years crawling out of debt. Credit card debt, mortgage debt, and auto loans. I had no savings and had nothing to invest. Most of what I spent money on in my 20s, 30s, and 40s was in the discretionary bucket. As my income rose with age, so did my discretionary spending. It's human nature. The money we spent on stuff may have temporarily made us feel good, but it was really nothing more than feeding a societal addiction to keep up with everyone else. I look back on those years with a little regret, thinking how much I would have been able to take as personal profit for my retirement years. The bottom line is, I wish I new to only do what's necessary, spend as little as possible to support what's necessary, and cut out discretionary spending to the extreme. Passive Income Passive income is the best kind of income. It should require little to no work on your part once things are set up. At the very minimum, your initial investment (principal amount) should be stable while that investment pays you on a regular basis. If you're young you want growth. Especially if you're still working and you can make regular contributions to your investment portfolio. The simplest of all passive income generating methods is the interest-bearing sa
Like a Phoenix Rising
2023/08/14
I'm reviving my podcast. This is a short episode just to bring this back to life. Go to podcastindex.org to learn more about Podcasting 2.0. Download a new podcast app where you can stream payments to me or any other podcaster that has Value4Value enabled. Join me next week where I pick this up on a regular basis. Don't forget to donate to the show or send a boostagram with your new podcast app. Send whatever value you get from this show. Thanks and I look forward to continuing. Podcasting 2.0 This is a Podcasting 2.0 compatible podcast. This means if you're listening to this podcast on a Podcasting 2.0 compatible app you'll have access to transcripts, chapters, and chapter images that accompany each episode. Please go to podcastapps.com to download and support these independent apps and go to podcastindex.org to support Podcasting 2.0. Value 4 Value Podcast Apps Use the apps below to directly support independent podcasters. It's easier than you might think to stream fractions of bitcoins to this podcast or any other podcast that is compatible with the Value 4 Value model. This cuts out the need for advertising. Fountain Podverse Podfans Curiocaster Podfriend Podcast Guru Or go to podcastapps.com to find an app that works for you. What is Value 4 Value? The Value 4 Value streaming payments system enables listeners to send Bitcoin micropayments to podcasters as they listen, in real-time. Go to valu4value.info for what you need to know to begin directly supporting your favorite podcaster. Contact For questions or comments contact me at [email protected] Disclaimer ChasingTheYield.com and Kevin Bae are not registered investment advisors, brokers or dealers. Kevin Bae may have positions in any financial instrument, product, or company mentioned on chasingtheyield.com or on the Chasing the Yield podcast. Information provided by chasingtheyield.com and the Chasing the Yield Podcast is provided for information and entertainment purposes only and are not intended as advice or a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. All opinions are based upon sources believed to be accurate and are provided in good faith. No warranty, representation, or guarantee, expressed or implied, is made as to the accuracy of the information contained herein. Past performance is not an indicator of future results. Please contact an investment professional if you have any questions regarding an investment.
Chasing the Yield - May 9, 2022
2022/05/11
Chasing the Yield – May 9, 2022 Episode 52 Donate! Value 4 Value podcastingListen to this podcast on PodFriend News Why energy companies aren’t increasing natural gas supplies J&J files lawsuit against SaveOnSP Economic uncertainty driving investors to dividend paying stocks Portfolio Update LowYieldMediumYieldHighYieldTotalPortfolioWeek+1.34%-0.37%+0.11%+0.35%Month+1.34%-0.37%+0.11%+0.35%2022-2.94%-4.18%+3.57%-2.32%Inception+38.54%+5.46%-3.36%+16.06% Dividends Received this WeekAmountVerizon (VZ)$182.744AT&T (T)$56.06SLR Investment Corp (SLRC)$110.56*Reinvested Dividends Dividend Events * Arbor Realty Trust (ABR) announced its next dividend of $0.38 per share, a 2.7% increase over the company’s previous payout of $0.37. * Oaktree Specialty Lending Corporation (OCSL) announced its next dividend of $0.165 per share, a 3.1% increase over the company’s previous payout of $0.16. * UGI (UGI) announced its next dividend of $0.36 per share, a 4.3% increase over the company’s previous payout of $0.345. * Unilever (UL) announced its next dividend of $0.4505 per share, bringing the company’s total payout over the last twelve months down 3.0%. * Eastman Chemical (EMN) announced its next dividend of $0.76 per share, in line with the company’s previous payout. * Owl Rock Capital (ORCC) announced its next dividend of $0.31 per share, in line with the company’s previous payout. * Sabra Health Care (SBRA) announced its next dividend of $0.30 per share, in line with the company’s previous payout. * SLR Investment Corp. (SLRC) announced its next dividend of $0.13667 per share, in line with the company’s previous payout. * South Jersey Industries (SJI) announced its next dividend of $0.31 per share, in line with the company’s previous payout. * Eversource Energy (ES) announced its next dividend of $0.6375 per share, in line with the company’s previous payout * Archer-Daniels-Midland (ADM) announced its next dividend of $0.40 per share, in line with the company’s previous payout. * Sixth Street Specialty Lending (TSLX) announced its next dividend of $0.41 per share, in line with the company’s previous payout. * Public Storage (PSA) announced its next dividend of $2.00 per share, in line with the company’s previous payout. * Albemarle (ALB) announced its next dividend of $0.395 per share,
Chasing the Yield - May 2, 2022
2022/05/02
Chasing the Yield – May 2, 2022 Episode 51 Donate! Value 4 Value podcastingListen to this podcast on PodFriend News Portfolio Update LowYieldMediumYieldHighYieldTotalPortfolioWeek-2.94%-4.09%-3.98%-3.65%Month-0.55%-4.93%-5.35%-3.41%2022-4.34%-3.80%+3.47%-2.67%Inception+37.70%+5.81%-3.47%+15.77% Dividends Received this WeekAmountMSC Industrial Direct Co (MSM)*$47.03Altria (MO)*$120.00Canadian Imperial Bank of Commerce (CM)$109.08PIMCO Income Fund (PONPX)$168.89*Reinvested Dividends Dividend Events * IBM (IBM) announced its next dividend of $1.65 per share, a 0.61% increase over the company’s previous payout of $1.64. * Kimberly-Clark (KMB) announced its next dividend of $1.16 per share, in line with the company’s previous payout. * Exxon (XOM) announced its next dividend of $0.88 per share, in line with the company’s previous payout. * Cullen/Frost (CFRT) announced its next dividend of $0.75 per share, in line with the company’s previous payout. * Community Trust Bancorp (CTBI) announced its next dividend of $0.40 per share, in line with the company’s previous payout. * Coca-Cola (KO) announced its next dividend of $0.44 per share, in line with the company’s previous payout. * Chevron (CVX) announced its next dividend of $1.42 per share, in line with the company’s previous payout. * Arrow Financial Corporation (AROW) announced its next dividend of $0.27 per share, in line with the company’s previous payout. * MPLX (MPLX)announced its next dividend of $0.705 per share, in line with the company’s previous payout. * Ares Capital (ARCC) announced its next dividend of $0.42 per share, in line with the company’s previous payout. * Black Hills (BKH) announced its next dividend of $0.595 per share, in line with the company’s previous payout. Podcasting 2.0 This is a Podcasting 2.0 compatible podcast. This means if you’re listening to this podcast on a Podcasting 2.0 compatible app you’ll have access to transcripts, chapters, and chapter images that accompany each episode. Please go to newpodcastapps.com to download and support these independent apps and go to podcastindex.org to support Podcasting 2.0. Value 4 Value Podcast Apps Use the apps below to directly support independent podcasters. It’s easier than you might think to stream fractions of bitcoins to this podcast or any other podcast that is compatible with the Value 4 Value model. This cuts out the need for advertising. PodfriendpodStationa href="https://breez.
Chasing the Yield April 25, 2022
2022/04/25
Chasing the Yield – April 25, 2022 Episode 50 Donate! Value 4 Value podcastingListen to this podcast on PodFriend News IBM revenue jumps 8% on hybrid cloud – Chasing the Yield Portfolio Update LowYieldMediumYieldHighYieldTotalPortfolioWeek-0.29%-0.57%-1.89%-0.71%Month+2.32%-0.81%-1.32%+0.23%2022-1.36%+0.28%+7.16%+0.94%Inception+39.48%+9.51%+0.49%+18.74% Dividends Received this WeekAmountJohn Wiley & Sons (WLY)*$86.38Starwood Property Trust (STWD)$84.48KKR Real Estate (KREF)$110.51Necessity Retail REIT (RTL)$102.85Bank OZK (OZK)$45.57Sixth Street Specialty Lending (TSLX)$170.97Necessity Retail REIT (RTL)$389.94*Reinvested Dividends Dividend Events * Kinder Morgan (KMI) announced its next dividend of $0.2775 per share, a 2.8% increase over the company’s previous payout of $0.27. * Sonoco (SON) announced its next dividend of $0.49 per share, a 8.9% increase over the company’s previous payout of $0.45. * Johnson & Johnson (JNJ) announced its next dividend of $1.13 per share, a 6.6% increase over the company’s previous payout of $1.06. * Magellan Midstream Partners (MMP) announced its next dividend of $1.0375 per share, in line with the company’s previous payout. * J.M. Smucker (SJM) announced its next dividend of $0.99 per share, in line with the company’s previous payout. * ONEOK (OKE) announced its next dividend of $0.935 per share, in line with the company’s previous payout. * Omega Healthcare (OHI) announced its next dividend of $0.67 per share, in line with the company’s previous payout. * Con Ed (ED) announced its next dividend of $0.79 per share, in line with the company’s previous payout. * CrossAmerica Partners (CAPL) announced its next dividend of $0.525 per share, in line with the company’s previous payout. * Pinnacle West Capital (PNW) announced its next dividend of $0.85 per share, in line with the company’s previous payout. * New Jersey Resources (NJR) announced its next dividend of $0.3625 per share, in line with the company’s previous payout * Lockheed Martin (LMT) announced its next dividend of $2.80 per share, in line with the company’s previous payout. * 1st Source Corporation (SRCE) announced its next dividend of $0.31 per share, in line with the company’s previous payout. * Shell Midstream Partners (SHLX) announced its next dividend of $0.30 per share, in line with the company’s previous payout. * Office Properties Income Trust (OPI) announced its next dividend of $0.55 per share, in line with the company’s previous payout. Podcasting 2.0
Pembina Pipeline... a solid performer
2022/04/18
Chasing the Yield – April 18, 2022 Episode 49 Donate! Value 4 Value podcastingListen to this podcast on PodFriend News Bank Stocks Have to Reckon With the Downside of Higher Rates – WSJ Sold 37 shares of Warner Bros Discovery Inc (WBD) and purchased 49 shares of AT&T (T) with the proceeds. This is from the special window I missed for selling the shares last week. Turns out I wasn’t late but just didn’t know I could sell the shares by calling my broker. The temporary symbol didn’t show up in my TD Ameritrade account online. I thought I had missed the window to sell it when I was never shown by TD Ameritrade that it was available for me to trade. Live and learn! In July 2021 I purchased 615 shares of Pembina Pipeline Corporation (PBA) for my High Yield Portfolio. It’s performing solid for almost a year and looks to remain that way for the immediate future. PBA is a Canadian company founded in 1954. Their headquarters is in Calgary. For 37 years the company delivered oil to Edmonton using the Pembina Pipeline system until 1991 it acquired Peace Pipe Line, Ltd and half of the Bonnie Glen System, which served Alberta. The company joined the Toronto Stock Exchange in 1997. In 2000 the company completed it’s largest acquisition that doubled it’s size over night. PBA acquired Federated Pipe Lines, Ltd. PBA converted from a corporation to trust in 2010 and nearly doubled its assets in 2017. PBA’s assets have a solid foundation and are difficult to replicate. Pipelines are difficult to construct, as anyone following the Keyston XL Pipeline knows, and cost billions of dollars in construction and regulatory compliance. The shale basins where PBA’s assets reside have more than 100 years of reserve life left based on current production rates. The company believes it’s pipelines to last at least 100 years with proper maintenance and as such should provide steady performance for decades to come. On July 28, 2021 PBA went for $32.46/share and is $39.81/share at the time of this recording April 18, 2022. Market CapP/E RatioDividend YieldDividend Streak$21.5 billion21.85.08%23 yearsCurrent as of April 14, 2022 5 yr Chart My Shares Shares purchasedCost per shareEstimated Annual Income615$32.46$1,236 Simply Safe Dividend Rating SAFE Pembina Pipeline Corporation Sources: Walls Street Journal, TD Ameritrade, Simply Safe Dividends, Wikipedia Portfolio Update LowYieldMediumYieldHighYieldTotalPortfolioWeek-0.33%+0.57%+1.62%+0.44%Month+2.60%-0.24%+0.56%+0.94%2022-1.06%+0.85%+8.89%+1.64%Inception+39.66%+10.03%+2.34%+19.31% Dividends Received this WeekAmountCommunity Bank (CBU)*...

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