On July 12, 2019, I bought an additional 55 shares of Stone Harbor Emerging Markets Total Income Fund (EDI) at $13.00 per share. With its monthly dividend payout of 0.1511 dollars per share, this latest buy has a dividend yield of 13.92% and will pay us an additional $8.31 (before tax) every month. Awesome!
I bought this share for our child's portfolio. Without hesitation, I can say - our 1-year-old baby has a dividend portfolio generating already $49.22/mo.
This is already second time buying EDI, last (first time) we bought it back in 2018 (Latest Stock Buy: EDI)
Our child's portfolio now has as TTM at $590.64, giving daily $1.62 and hourly 0.07$. We are fast approaching more than $2 dollar a day.
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time our baby girl will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time she will turn 2.
For the rest of the year, we are looking to get an additional dividend income of $42.36 (after tax) from this stock buy, which is about 2.07% from the total goal of $2,045 for 2019.
By now EDI takes 9.26% from our US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now.
In total EDI now contributes about $154.08 yearly to the dividend income portfolio.
About Stone Harbor Emerging Mkt Total Income FD (EDI )
The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. There is no assurance that the Fund will achieve its investment objective. The Fund normally will invest at least 80% of its net assets (plus borrowings for investment purposes) in Emerging Markets Debt. "Emerging Markets Debt" includes fixed income securities and other instruments (including derivatives) that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, economies or ability to repay loans. The Fund normally expects to invest up to 20% of its total assets in Emerging Markets Equity. "Emerging Markets Equity" includes securities issued by either single country or regional exchange-traded funds ("ETFs"), common stocks, preferred stocks, other equity securities and other instruments (including derivatives) that are economically tied to the equity markets of emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, or economies. The Investment Manager does not have an established performance record investing in equity securities.