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To pick solid high-yield and dividend-growth stocks is one thing; to manage them is another. We all want the best dividend stocks for our money; we want to efficiently manage our dividend stocks to meet our income needs.
Efficient management includes knowing the current yield on each stock. It includes knowing when to own a stock to collect an upcoming dividend and knowing when the dividend will be paid.
It’s useful to know the income amount you can expect to receive each month and for the year from your dividend stocks. It’s also useful to examine different allocation scenarios so that you can maximize your dividend income in specific months or for the year based on your investment budget.
Of course, you’ll want exceptional dividend-stock recommendations.
At High Yield Wealth, we offer all the above. You’ll find a list of exceptional high-yield and dividend-growth recommendations (32 at this writing) backed by diligent research. But we offer much more than exceptional dividend recommendations. Unlike our competitors, we offer the tools to efficiently manage these recommendations to best meet your dividend-income needs.
MO: Maximize Your Dividend Income
I’ll demonstrate by example with one of our current recommendations: Altria Group (NYSE: MO).
The following table illustrates Altria’s standing within our portfolio list. With a glance, you can see Altria’s ticker symbol; its industry; our initial recommendation date, Sept. 7, 2011; the purchase price; the current yield; the cost-basis yield, the total dividend income Altria has paid since our initial recommendation, its current price, and its total return since our initial recommendation.
Useful information, to be sure, but you need more. You’ll want to know when Altria shares trade ex-dividend and when the dividend will be paid. You’ll find both dates on our Dividend Calendar, which gives the ex-dividend and payment dates for all our recommendations over the next 12 months.
As for Altria, the Dividend Calendar shows it will pay its next dividend on Jan. 10. (Altria traded ex-dividend on Dec. 20.) You’ll find Altria’s ex-dividend and payment dates, as well as the ex-dividend and payment dates for all our recommendations, for the next 12 months.
The portfolio table and the Dividend Calendar are useful tools. That said, I consider the Dividend Calculator the most useful tool. It’s certainly a unique tool; it’s the only one of its kind on the market. I’ll demonstrate with another Altria example.
Let’s say that you’re considering investing $10,000 in Altria. The Dividend Calculator will instantly tell you the number of shares $10,000 will buy at the current share price. It will tell you the amount of dividends to be paid and when they will be paid.
All you have to do is enter the dollar amount invested and the current share price. The Dividend Calculator does the rest.
And if you prefer to know when the dividends will be paid and the dollar amount that will be paid based on the number of Altria shares owned, no problem. Switch to the second calculator and simply enter the number of shares.
The Dividend Calculator lets you mix and match the 32 High Yield Wealth recommendations. It lets you construct and compare income scenarios based on your goals, which can include number of stocks owned, number of shares owned, amount invested, preferred months to receive dividend income, dividends received per month, and dividends received for the year.
When the High Yield Wealth portfolio table, Dividend Calendar, and the Dividend Calculator are combined, I know of no better tool combination for managing your dividend stocks.
To get your copy of the High Yield Wealth portfolio table, Dividend Calendar, and Dividend Calculator, click here. You’ll soon have access to not only the best dividend recommendations on the market, but also to the best tools on the market for managing these recommendations.