With the selloff in the market during August and September, as the S&P 500 fell nearly 13% from its recent high, we took advantage of that selloff, and opportunistically purchased quality companies with attractive dividend yields. Our current expected yield of 6.92% on the portfolio at the end of the third quarter is extremely high for our strategy. Our goal of a 7% return over the long term seems very doable given the current yield is nearly that amount.

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PVG – Equity Income Monthly Update (October 2015)