Rocky’s Weekly Stock Picks
Cracker Barrel isn’t a recommendation this week. Although, that being said, Cracker Barrel is a pretty solid company for a long-term buy and hold. This week, we’re looking at upcoming ex-divs for capture opportunities, as well as to increase any holdings we currently have.
PCH might be a worthy candidate, as there is an upcoming special dividend of $4.00. The price is $60.00-something. We’re not huge fans of trying to capture on stocks we aren’t trying to hold if the price doesn’t recover in the short-term.
Also worth mentioning are I Bonds being issued at 7.12% until March or April, I forget. Think it’s April. Either way, that’s your absolute best bet for safety. The only possible way of losing money involves the complete collapse the United States as we know it, in which case any investment made is worthless and you’ve got significantly larger problems to worry about.
MAIN - $42.34, we’re seeing a 5.87% annual return paid monthly. However, that overall average might be misleading, as the upcoming December dividend is only $0.10, a 50% drop. We’re not too bothered by that, as we really just want a safe space to park some money. You don’t get a whole lot safer than MAIN.
GOOD - $24.29 , 6.32%, paid monthly. You really can’t go wrong with any of the Gladstone investment products, they’re all reliably put out average and above returns. Remember the golden rule, as well, “The most important indicator of a stock’s potential is its name”. GOOD is, well, good.
AVK - $18.35 , 7%+ annually, paid monthly. December’s dividend is $1.35 for some reason, so we might as well snag it. The dividend is typically $0.117/month, which is pretty alright.
OFS - $11.21, 8.66% paid quarterly. Here we go, here’s something a little more exciting. Nice and affordable for those of us on a budget, with a return that actually feels satisfying. This will likely make for a quick capture opportunity, if the price moves appreciably at all.
A lot of times these capital corporations, income funds, REITs, etc, tend to just keep a stable price or slightly bullish upward crawl. Not always, though. And for OFS, we did zero research, we’re just going for it. We’re not disclaiming anything - you’re adults and we aren’t licensed.RVI - $6.13 a share, $3.27 dividend for ex-div 12/28. This comes with a caveat - we bought in when before the last dividend of $22.
If you aren’t already holding, we wouldn’t recommend buying more…since more of nothing is just more nothing. It’s not a good look.
PSEC would be a good alternative. The share price is low, the output is on the higher side of things, some 8.59% paid monthly on like an $8 share price.
