Week 17, 2020

This week is different. For the first time since I started this experiment in Daily Dividend Investing nearly 16 months ago there will be a non-holiday weekday that no dividends are being paid. In fact, there will be two! There are no dividends at all being paid on Friday, April 24 and only one sketchy company that I want no part of paying a dividend on Monday, April 20. I’m not sure if it’s the pandemic causing this and companies are just temporarily turning off dividends or if it’s all just happenstance. We’ll discover more in the coming weeks.

For Tuesday, April 21 the pick is Lowe’s (LOW). I know this is a tough call because many of you are thinking it’s a lousy investment when fewer people will be remodeling their homes in the next year or two while the economy gets sorted out. But, they are an incredibly well managed company that has been raising their their dividend for 57 straight years! I trust they’ll pull through. The current yield is 2.7%.

On Wednesday there are over 30 companies paying dividends, but only one I will invest in – CVS Health (CVS). Americans love their drugs and have to get them somewhere. CVS is making piles of money. In fact, if you look at this really cool Interactive Analyst Center, it appears they’ve lost money only once since 2007. The current yield is 3.6%.

Next up is another tough call – Williams Sonoma (WSM). All of their stores are closed through at least May 3 and customers are going to be hard to find for at least a couple months after they open. However, I’m hoping the market has already priced this in as they’ve gone from the 70s down to a low of 30 and now in the 50s. If you’re new to investing you may want to skip this one, but if you believe in Dollar Cost Averaging, as I do, then it is certainly worth consideration. The current yield is just over 5%.

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