CrossAmerica Partners is a winner… so far

CrossAmerica Partners is a winner… so far

Chasing the Yield – April 11, 2022

Episode 48




News

BP completed their acquisition of BP Midstream Partners and as such I sold my position in BP. I took the proceeds of that sale and distributed it among 4 of my existing holdings. I purchased additional shares in Necessity Retail REIT (RTL), SLR Investment Corp (SLRC), Office Properties Income Trust (OPI), and Arbor Realty Trust (ABR). I did this in order to maintain the level of dividends and distributions I receive in my High Yield Portfolio.

Oil executives reject profiteering claims by Congress – Chasing the Yield

Consumer staples getting squeezed by inflation – Chasing the Yield

Shell expects to take $5 billion hit pulling out of Russia – Chasing the Yield

Share Price Sector/Type
$22.86Oil & Gas Transportation & Storage
Market CapP/E RatioDividend YieldDividend Streak
$848 million39.189.19%3 years
Current as of
3yr Chart
5 yr Chart
My Shares
Shares purchasedAvg. Cost per shareEstimated Annual Income
1,10819.34$2,326.00

Simply Safe Dividend Rating of 50 – Borderline Safe

CrossAmerica Partners

Sources: Walls Street Journal, TD Ameritrade, Simply Safe Dividends


Portfolio Update

Low
Yield
(2015)
Medium
Yield
(2019)
High
Yield
(2021)
Total
Portfolio
Average
Week+2.92%-0.81%-1.07%+0.50%
Month+2.92%-0.81%-1.07%+0.50%
2022-0.73%+0.28%+7.39%+1.21%
Inception+39.86%+9.51%+0.73%+19%
Dividends Received this WeekAmount
Kimberly-Clarke (KMB)*$43.61
Main Street Capital (MAIN)*$23.34
South Jersey Industries (SJI)*$70.11
Kimberly-Clarke (KMB)$76.56
*Reinvested Dividends

Dividend Events

  • Plains GP Holdings (PAGP) announced its next dividend of $0.2175 per share, a 21% increase over the company’s previous payout of $0.18.
  • Pembina Pipeline (PBA) announced its next dividend of $0.21 CAD per share, in line with the company’s previous payout.
  • PIMCO Income Fund (PONPX) announced its next dividend of $0.03903 per share, in line with the fund’s previous payout.
  • Necessity Retail REIT (RTL) announced its next dividend of $0.2125 per share, in line with the company’s previous payout.

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Disclaimer

Kevin Bae is not a registered investment advisor, broker or dealer. 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.

Please contact an investment professional if you have any questions regarding an investment.

Contact

For questions or comments contact me at mail@chasingtheyield.com

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