Week 8, 2020

Monday, February 17, 2020 is Presidents Day. No dividends.

First up this week is Target (TGT). The retail giant was one of our biggest winners last year. We traded it in Week 8, Week 34 and Week 47 with gains of 1.5%, 5.5% and 15.4%! None of those gains took more than a week. Now we all know that past performance is no guarantee of future performance, but Target is still doing quite well according to the latest holiday sales numbers. The current yield is 2.26%.

Next up is Main Street Capital (MAIN). We traded this in Week 16 and Week 52 last year with returns of 0.6% and 0.5% – not the greatest, but still profitable. The monthly dividend has never been decreased and has in fact increased 87% since their IPO in 2007. The current yield is just above 5.5%.

For Thursday, the pick is Park National (PRK). We traded this Ohio-based regional bank last year in Week 33 with a return of 1.2%. In late January, they not only raised their regular quarterly dividend, but added a special one-time dividend as well. We’ll be receiving the regular dividend of $1.02 per share plus a special dividend of $0.20 per share. Can’t complain about that!

Finally, we’ll go with First Hawaiian Bank (FHB). We traded this last year in Week 21 and made a 1.1% return, but we did have to hang on to it for over two months. With $20 billion in assets and only slight decreases in interest income due to the lower yield environment, they’re still doing quite well, so I’m willing to give it another shot. The current yield is 3.5%.