You seem overconcentrated in sectors that share the same underlying model -- borrowing short to fund long.. mREITs, BDCs and high yield are all plays on the spread between short and long rates. Thus, they share the same risks: of increasing short rates (while not likely in the near future) and a shift in the market from risk assets. You might try to mix in some MLPs with underlying businesses that are not as dependent on playing the spread game. Many pipeline and g&p MLPs are taking advantage of the buildout in the shale regions. Most of these raise their distributions each year. VNR is an exploration & production MLP that pays monthly although frequency of distribution should not be the first thing one looks for.
i would dump arr and hix,both cut dividend too much and price has dropped to keep it a 10% yield.i would try and stay away from 10% yields ,but there are some that are good and keep raising dividends.now i know there not monthly what i am listing but i find them better and more stable then some of these monthly payers. (kcap) it has raised its dividend 2 and half years or (codi) has raised last 3 years.last but not least (pbi) pitney bowes has 10 % yield and has raised dividend for 31 years.
My opinion of PBI is that electronic documents and other technology make what PBI does much less relevant every year. PBI still provides some value to some departments in some industries. But I feel PBI is not really a future looking solution to the worlds needs.
Pitney Bowes? Are you kidding? That is a classic value trap. Why bother getting a 10% yield if you are going to lose your principal over time. A rising dividend can be misleading if they are issuing debt to pay it or otherwise cannabilizing the host. Just like Kodak before it, and the rural telephone companies, eventually they will slash the divy to save cash.
Thanx for your input. I probably won't eliminate ARR, but will keep quantity held manageable. I learned long ago that a SPO,missed earnings, or a dividend cut can be a disaster, so hold 1000 to 1500 shares of several issues. Those I mentioned before are the monthlies, with AGNC,TWO,MYMT,AI as the quarterlies. Spred the risk over several issues. The rec on 5th Street (FSC) is a good one , and was on my list. Thanz again.