Income Favorites From A Dividend Detective

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Harry Domash is a leading income specialist, maintaining a wide variety of income-generating portfolios. Here's the latest updates from his Dividend Detective newsletter.

In our "ETF Monthly Income" portfolio we are buying KFA Value Line Dynamic (KVLE). KFA Value Line, a November 2020 IPO, tracks a new index developed by KFA Funds that selects stocks based on dividend yield and the Value Line Safety and Timeliness ranking systems.

The fund returned 28% in 2021. It plans to pay quarterly dividends and has paid two so far; $0.29 per share in September and $2.00 per share in December. It has not yet revealed how it sets its quarterly payouts. We’re starting by estimating its yield at 9 .8%, which assumes zero for its March and June 2022 payouts.

In our "Closed-End Monthly Income" portfolio, we are buying Highland Global Allocation (HGLB). Highland holds U.S. and global equities and debt securities with solid growth prospects that it considers undervalued. Highland, a March 2019 IPO, returned 53% last year and pays a 9.9% dividend yield.

We’re adding CURO Group Holdings (CURO) to our "Dividend Speculators" portfolio. CURO, a technology-savvy consumer finance company, markets primarily to individuals who have limited access to traditional sources of consumer credit in the U.S. and Canada.

CURO, a 12/2017 IPO, hasn’t shown much growth in recent years. In fact, analysts are forecasting no revenue growth and a decline in earnings for 2021 compared to 2020. However, analysts are forecasting a major turnaround this year. CURO is paying a 3.1% dividend yield.

We’re adding American Electric Power (AEP) to our "Utilities" portfolio. AEP provides electric utility services to 5.4 million customers in 11 states. AEP, which focuses on improving its efficiency and maximizing the power delivered from its facilities, targets 5% to 7% annual EPS growth. The dividend yield is 3.5%.

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