Dividend Portfolio Update for October 2019

I have to start this update by giving an apology to all my readers. I had some personal business that I had to take care of and that resulted in having to redirect all the potential dividend portfolio funds to it instead. It looks like the troubled waters are clearing up and I will be able to go back to supplying my portfolio with its much-needed funding!

A lot of portfolio news has occurred in the last three months. The biggest of which is the fact that I transferred my holdings from Robinhood to TD Ameritrade.  I’m sure everybody has heard of the recent $0 commission for trades that have been occupying the news lately. I believe Charles Schwab was the first to announce it; with TD Ameritrade and Fidelity quickly following suit. Robinhood was a good home for my portfolio when it was smaller. Free trades, simple UI, and the ability to do it quickly from my phone? Great for a beginner. But as my investing strategy matured, I needed something a little more dividend growth-friendly.

And as a long term holder of my dividend growth stocks, it’s pretty vital that my portfolio can DRIP (Dividend Reinvestment Plan). I like the idea of set it and forget it. Great companies can continue to pay me my dividends, which in turn, I will use to purchase even more shares. You might have heard of the infamous Dave Ramsay’s Debt Snowball? Well, this is it’s older and cooler brother – The Income Snowball.  Of course, changing brokers required me to learn a new interface and there are some pros and cons to using TD Ameritrade versus Robinhood. Hopefully one day I will be able to write those thoughts down in a blog post.

The Dividend Growth Portfolio hasn’t been fully stagnant, however. I’ve been using the dividend payouts over the last few months to purchase additional shares of some great companies. I’ll try and capture the last few months of dividend activity in today’s post but please check out my portfolio page if you’re looking for a complete snapshot.

On to the massive update!

Summary

  • $1,042.09 in dividends for the last 3 months.
  • I added $113.80 to my annual income.

Dividend Noob October Portfolio Value

The chart probably doesn’t help much because I just moved everything over.

Account Deposits
I added $1,000 to my dividend growth portfolio account back in August. I also cashed out some series EE savings bonds that I was given to as a child. Now I had a decision to make concerning the savings bonds. They had finally matured to their full value and I could have left them to gather interest but they would have done so at an interest rate of around 2%. I went ahead and decided to go ahead and cash those out and transfer the funds over into my portfolio. This added another $1,881.74 to the account.

Total: +$2,881.74

August Dividend Payouts

GIS General Mills $33.32
AT&T AT&T $77.01
VZ Verizon $24.70
CVS CVS $27.50
LOW Lowes $4.95
SDIV SuperDividend ETF $13.40
NGG National Grid $18.05
ABBV AbbVie $36.38
MAIN Main Street Capital $11.89
PG Proctor & Gamble $23.87
O Realty Income $13.14
AAPL Apple $15.40
WRK WestRock $32.31
SBUX Starbucks $15.48
PZZA Papa John’s $5.40
WSM Williams-Sonoma $7.68
CLDT Chatham Lodging $17.05
August Total: $377.53

September Payouts

F Ford $49.65
V Visa $2.50
PSX Phillips 66 $14.40
PFE Pfizer $5.76
SO Southern $27.28
CVX Chevron $7.14
IBM IBM $37.26
TGT Target $29.70
XOM Exxon Mobil $24.36
JNJ Johnson & Johnson $23.75
WBA Walgreens $9.15
MMM 3M $31.68
SDIV SuperDividend ETF $13.40
O Realty Income $13.14
DUK Duke Energy $29.30
MAIN Main Street Capital $11.89
GILD Gilead $12.60
CLDT Chatham Lodging $17.05
TROW T. Rowe Price $19.76
ARCC Ares Capital $42.00
ARCC Ares Capital $2.10
Total: $423.87

October Payouts

KO Coca-Cola $24.80
EMN Eastman Chemical $14.26
MRK Merck $11.00
DEO Diageo $20.79
MO Altria $63.00
SDIV SuperDividend ETF $13.08
MAIN Main Street Capital $11.89
STWD Starwood Property Trust $22.08
CAH Cardinal Health $35.12
Oct Realty Income $13.17
OZK Ozark Bank $11.50
Total: $240.69

3 Month Total : +$1,042.09

Purchases

  • 10 shares of WRK @ $34.75
    This adds $18.20 to my annual income.
  • 5 shares of EMN @$67.50 and 3 shares of EMN @ 62.45
    This adds $19.84 to my annual income.
  • 3 shares of MMM @ $158.75, 1 share of MMM @ 167.18
    This adds $23.04 to my annual income.
  • 10 shares of MO @ $43.80, 2 shares @ $46.00
    This adds $40.32 to my annual income.
  • 3 shares of JNJ @ $128.65
    This adds $11.40 to my annual income.

Total = +$112.80 added to my annual income!

DRIPS

  • 0.392 shares of OZK @ 29.3006.
    This adds ~$0.36 to my annual income.
  • 0.463 shares of CPB @46.81
    This adds ~$0.64 to my annual income.

Total = +$1.00 added to my annual income!

Sells

None. But I am debating on selling all my shares of PZZA because they aren’t a stock that follows my dividend growth criteria. Thoughts?

Summary

Just seeing the DRIP section of my update makes me happy. As of today, I have every stock in my portfolio DRIPing. Not sure if I will keep it like that but I want to bask in its glory for as long as I can. Hopefully, everything gets back to normal for me financially and I can continue to add more funds to my dividend growth portfolio.

Thanks for reading everybody! If you have any questions, please feel free to leave them in the comment section below.

Dividend Portfolio Update for July 2019

The eventual goal of my dividend growth portfolio is to provide enough passive income to live off of. And while I won’t be relying on it anytime soon, the income it’s currently creating will be used to continue buying even more shares and the wealth snowball will grow even bigger!

I plan to always buy great dividend producing companies and take advantage of the fact that they raise their dividend EVERY year. That’s like getting a raise from each and every company, every…single…year.

In other news, a few things have changed in my life. I recently took a new job that has the option of putting some of my paycheck into a Employee Stock Purchase Plan. I’m still unsure whether or not I want to take advantage of that. Also with the new job, I have the option of rolling my old employer 401k into the new company. Again, I’m unsure what I will be doing with that but thankfully I’m not in a time crunch to get it done.

On to the update…

Summary

  • $257.17 in dividends
  • Added $1,000 cash to the portfolio
  • Added $50.28 to my annual income.
Captured the image late so it’s not accurate but close enough.

 

Account Deposits
I added $1,000 to my dividend growth portfolio account. Still not quite where I want it to be in contribution terms, but much better than the $0 months of the past.

Dividend Payouts
Here are the companies that paid me dividends for the month of July:

KO Coca Cola $24.80
EMN Eastman Chemical $9.30
MRK Merck $11.00
MO Altria $59.20
SDIV Superfund ETF $13.93
MAIN Main Street Capital $11.89
O Realty Income $13.14
STWD Starwood Property $22.08
CAH Cardinal Health $35.12
OZK Bank OZK $11.04
CSCO Cisco $6.65
GE General Electric $0.25
CLDT Chatham Lodging Trust $17.05
CPB Campbell Soup $21.70
Total: $257.15

Using Google Docs, I keep a running spreadsheet of how much dividend income I receive every month. I think it’s important to realize the growth of your passive income over time. In July 2018, I received $199.84 in dividend income. If we do the math, that means my June dividend income has increased +28.7% compared to the previous year!

Monthly Total: +$257.15

Stock Purchases
I purchased 2 shares of ABBV @ $70.25 and 9 shares @ $67.35.
This adds +$47.08 to my annual income.

I purchased 1 share of MO @ $49.10.
This adds +$3.20 to my annual income

Added Annual Income: +$50.28

Stock Sales
None.

Portfolio News

  • Bank OZK declares $0.24/share quarterly dividend, 4.3% increase from prior dividend of $0.23.
  • Duke Energy declares $0.945/share quarterly dividend, 1.9% increase from prior dividend of $0.9275.
  • Walgreens Boots declares $0.4575/share quarterly dividend, 4% increase from prior dividend of $0.44.

Conclusion
Overall the month of July was decent for my dividend growth portfolio. The portfolio returned $257.15 in dividend payouts and I took tose funds to purchase additional shares of some great companies. I also am back to contributing to my dividend growth portfolio on a monthly basis.

I’m curious what other people think about $ABBV. Feel free to comment down below!

 

Dividend Portfolio Update for June 2019

The eventual goal of my dividend growth portfolio is to provide enough passive income to live off of . And while I won’t be relying on it anytime soon, the income it’s currently creating will be used to continue buying even more shares and the wealth snowball will grow even bigger!

Summertime is now upon us and while the weather outside is getting hotter and hotter, the goal of my dividend investment portfolio remains the same. Always buy great dividend producing companies and take advantage of the fact that they raise their dividend EVERY year. That’s like getting a raise from each and every company, every…single…year.

As for the status of my other finances: It’s still in the process of being rebuilt and stabilized. My main goal for the next 2-3 months is to rebuild my emergency fund back to its previous levels. In my case that’s around $15k. We’re almost there but still have a few paychecks to go. Anyways, on to the portfolio update!

Summary

  • $433.00 in dividends
  • Added $0 cash to the portfolio
  • Added $55.64 to my annual income.

Dividend Portfolio June 2019

Account Deposits
I was unable to add any additional funds to the portfolio. All purchases came from dividend payouts this month.

Dividend Payouts
Here are the companies that paid me dividends for the month of June:

F Ford Motor $49.65
PSX Phillips 66 $14.40
V Visa $2.50
SO Southern $27.28
PFE Pfizer $5.76
IBM IBM $37.26
TGT Target $28.80
XOM Exxon Mobile $24.36
CVX Chevron $7.14
JNJ Johnson and Johnson $23.75
MMM 3M $27.36
WBA Walgreens $8.80
SDIV Superfund ETF $14.47
O Realty Inc $13.11
MAIN Mainstreet Capital $11.60
DUK Duke Energy $28.75
Main Mainstreet Capital $14.50
GILD Gilead $12.60
CLDT Chatham Lodging Trust $17.05
TROW T Rowe Price $19.76
ARCC Ares Capital $42.00
ARCC Ares Capital $2.10
Total: $433.00

Using Google Docs, I keep a running spreadsheet of how much dividend income I receive every month. I think it’s important to realize the growth of your passive income over time. In June 2018, I received $350.37 in dividend income. If we do the math, that means my June dividend income has increased +23.6% compared to the previous year!

Monthly Total: +$433.00

Stock Purchases
I purchased 5 shares of ABBV @ $78.30, 5 shares @ $69.52, and 3 shares at $71.50.

AbbieVie has been going through some tough times lately. Their international exclusivity expired on their main drug Humira and there has been recent news that they were in the process of buying Allergan (AGN), who also lost exclusivity with their own drug Restasis. Times may be tough, but I think this was a good time to start adding more to my position.

Stock Sales
None.

Portfolio News

  • Realty Income declares $0.2265/share monthly dividend, 0.2% increase from prior dividend of $0.226.
  • Target declares $0.66/share quarterly dividend, 3.1% increase from prior dividend of $0.64.

Conclusion
Overall the month of June was decent for my dividend growth portfolio. The portfolio returned a staggering $433 in dividend payouts and I believe I can start adding additional funds into it next month.

I’m curious what other people think about $ABBV. Feel free to comment down below!

 

Dividend Portfolio Update for May 2019

I have to start off this post with a big apology to all the readers. I’ve been absent for WAY TOO LONG. Personal stuff happened to come up in my life and I had to divert the funds that I was putting into the dividend portfolio. I’m slowly starting to get back into it now. This months update will be a little light on the content but I did manage to purchase one new addition to the portfolio and add more to an existing position. Let’s get back to work.

Summary

  • $341.14 in dividends
  • Added $400 to the portfolio
  • Added $94.80 to my annual income.

Not the normal snapshot that I normally give on my portfolio updates but I’m about 11 days late on this so this will have to do! The month of May was basically a down month but has since rebounded in the beginning of June.

Account Deposits
Like usual, $200 comes out of each paycheck with automatic deposit and at the end of the month, I throw whatever is left into the account. Due to the personal reasons, I was unable to add anything extra to it.

$200 +$200 = +$400

Dividend Payouts
Here are the companies that paid me dividends for the month of May:

T AT&T $77.01
VZ Verizon $24.70
GIS General Mills $33.32
CVS CVS $27.50
LOW Lowes $4.32
SDIV Global X SuperDividend ETF $14.47
ABBV AbbVie $22.47
PG Proctor and Gamble $23.87
O Realty Income $13.11
MAIN Main Street Capital $11.60
AAPL Apple $15.40
WRK WestRock $27.76
PZZA Papa Johns $5.40
SBUX Starbucks $15.48
WSM Williams Sonoma $7.68
CLDT Chatham Lodging Trust $17.05
  Total: $341.14

Using Google Docs, I keep a running spreadsheet of how much dividend income I receive every month. I think it’s important to realize the growth of your passive income over time. In May 2018, I received $182.25 in dividend income. If we do the math, that means my May dividend income has increased a whopping +87% compared to the previous year!

Monthly Total: +$341.14

Stock Purchases
I purchased 5 shares of MMM @ $178.45 and 5 more @ $167.00

3M is very attractive at their current levels. It’s currently sitting at a 3.4% yield. I’m hoping to add even more if I can wrangle the funds for it. This adds +$57.60 to my annual income.

I purchased 10 shares of EMN @ $71.25 and 5 shares @$68.45.

Eastman Chemicals is a Basic Materials company that manufactures chemicals for products in the coatings, tires, consumables, building and construction and industrial applications. Yep, this is a boring style stock. Nothing glamorous in this one. Jason Fieber, one of the inspirations for me picking up dividend stocks, mentioned it on his Twitter and I had to check it out.  It currently yields 3.4% with a 5-year DGR of 13%. This adds +$37.20 to my annual income.

Total : +$94.80 to my annual income.

Stock Sells
None.

Conclusion
So it was a pretty good month for my dividend portfolio. While I was away, my dividend producing stocks continued to make me passive income. I, in turn, took that passive income to purchase even more shares. I did purchase a few additional stocks over the last few absent months. I went ahead and updated my overall portfolio to reflect it’s current state. Please feel free to check out the portfolio page.

Feel free to comment down below if you find any good plays out there for the dividend growth investors? I would love to see what the community is interested in.

Thanks again for reading my Dividend Portfolio Update for May 2019! Until next time!

Dividend Portfolio Update for January 2019

Oh my, what a month it’s been. The United States saw the end of the longest government shutdown that went on for 35-days! Being a government contractor, I was worried it might affect me, but I’m happy to say that I came out relatively unscathed.

There were quite a few companies in my portfolio announcing earnings this month. Some good, and some bad. As a long term dividend growth investor I don’t worry too much about today’s earnings. As long as the growth is still happening on a long term basis, I know that my dividend portfolio is set to continue creating sustaining dividend income.

Let’s get into it.

Continue reading “Dividend Portfolio Update for January 2019”