Latest US stock Buy: EDF

Updated: 18 September, 2019 seen 48

At the start of August 2019, I bought an additional 50 shares of Stone Harbor Emerging Markets Income Fund (EDF ) at $ 13.9 per share. With its monthly dividend of 0.18 cents per share, this latest buy has a dividend yield of 15.53% and will pay us $9 every month (before tax). Awesome!

EDF is a special stock form me, that's actually the first US stock I first bought back in 2018, see: First US stock Buy: EDF

By now EDF takes 9.23% from our US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now. 

For the rest of the year, I'm looking to take $38.25 (after tax) from this buy, which is about 1.8% from my $2,045 goal for 2019. 

2018 in Review and Financial Goals for 2019

In total EDF now contributes about $183.6 yearly to the dividend income portfolio. 

​The Fund's primary investment objective is to maximize total return, which consists of income on its investments and capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Securities. "Emerging Markets Securities" include 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 to those countries' markets, currencies, economies or ability to repay loans. A security or instrument is economically tied to an emerging market country if it is principally traded on the country's securities markets or if the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country. There is no assurance that the Fund will achieve its investment objective.

The Bottom Line

I might increase my stake with EDF in the future.