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August 2023 Dividend Investment Buys – CRF, CLM, CHMI, QYLD

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Hello all, my monthly deposit went through and I decided to spend it on these stocks. This is a happy time for me, as I love adding to my portfolio. Watching it grow and seeing my hard work is very rewarding. The ultimate goal for me is to retire at the age of 55. Dividend investing is hard work but if you dedicate yourself to it, there is no reason you cannot retire early and enjoy your life alongside your 401k account. As always, do your own research. I am not a licensed broker.

CHMICHERRY HILL MORTGAGE INVESTMENT CORP1$4.24
CLMCORNERSTONE STRATEGIC VALUE FUND INC1$8.63
CRFCORNERSTONE TOTAL RETURN FUND INC1$8.42
QYLDGLOBAL X NASDAQ 100 COVERED CALL ETF1$17.87

I decided to one share of CHMI, CLM, CRF and QYLD. I’ll give you a brief explanation as to why I bought.

First off, let us dive into Cherry Hill Mortgage (CHMI).  Right now is not looking to good but that just means it is better for myself. Right now, analysts are saying to sell as the earnings report came out and shows the company missed their target goal. Even with this, I still stay the company is good to go.

Share Price – $4.24
Div. Yield – 13.92%
Div. Payout – $0.13 per quarter
Sector – Financials

Cherry Hill Mortgage (CHMI)

Secondly, we have CornerStone Strategic Value Fund (CLM). This stock is holding its own and is looking good. They have maintained a somewhat steady share price and consistently payout monthly.

Share Price – $8.63
Div. Yield – 20.67%
Div. Payout – $0.098 per month.
Sector – ETF

CornerStone Strategic Value Fund (CLM)

Third, we have have CornerStone Total Return Fund (CRF). Another offshoot of CornerStone that is holding its own. The stock is performing consistently and pays out monthly.

Share Price – $8.42
Div. Yield – 20.52%
Div. Payout – $0.118
Sector – ETF

CornerStone Total Return Fund (CRF)

Lastly, we have Global X NASDAQ ETF (QYLD). Analysts are saying good things about this stock and its share price has remained somewhat steady. They pay monthly and pay pretty well. This I would consider a high yield dividend stock.

Share Price – $17.87
Div. Yield – 11.49%
Div. Payout – $0.179700
Sector – ETF

Global X NASDAQ ETF (QYLD)

Thanks for reading and drop a comment below.

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David

Hello, my name is David and I have a passion for making money. But then again, who doesn't? I love the stock market because it gives you a chance to better yourself and your situation. My goal is to be financially free by the age of 55 so I can enjoy myself. Join me on my journey and learn a little bit along the way. Thanks for reading! DISCLAIMER – I am not a licensed tax advisor, lawyer or stock broker. I am simply a person who loves investing. Please consult a professional.

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