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URL: https://boards.fool.com/hi-david-o-and-nnn-are-indeed-poster-children-of-34169328.aspx
Subject: Re: Morningstar Dividend Investor Sells O, Buys	Date: 3/29/2019 5:35 PM
Author: BruceCM	Number: 84601 of 86498
Hi David O and NNN are indeed poster children of those who's primary investment goal is reliable and growing income. Their cash flow trending charts are picture perfect...they just don't look much better. So I've pretty much ignored O's price and just paid attention to their quarterly CF numbers to ensure they continue as they have....the price will take care of itself. But to sell/replace with SRC at today's valuation is an intriguing thought. Today, O's current yield is about 3.6% while SRCs is about 6.3%. But the the next question would be income risk and dividend reliability, which requires pulling down their CF history over past 10-quarters, which at first glance look ok. The other exercise is to pull down dividend history, and here it gets confusing. Looks like SRC had a 5:1 dividend split in Dec. 2018, a 1000:1115 split in June 2018 and a 1:1 split (never seen this in a REIT before) in July 2013. And it looks like there was a large capital gain distribution May 2018 with lots of unrecaptured Sec. 1250. hmmm. This looks promising, but I'm going to need time to study it. Thanks for the info BruceM
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