June Monthly Dividend Payouts and Portfolio Updates!

The month of June was plagued with the uncertainty caused by the announcement that United Kingdom leaving the European Union. This announcement caused the stock market to drop after the news was released but it now appears to have rebounded back to it’s original spot. It had little effect on my portfolio and on my Monthly Dividend payouts!

I auto-transferred $300.00 into Robinhood in June. I have it set up to send $150 twice a month. The plan is to up this amount once the car is paid off as well as add additional one-offs every month in order to continue raising the amount of money I have available to invest. The one-off deposits will fluctuate based off how much is left at the end of the month.

I did some clean-up on the portfolio. I sold some stocks that I felt had skyrocketed above their price and felt that locking in profit was the right thing to do.

June Portfolio Update

  1. Sold 17 shares of WMT @ $70.75. This was my entire position.
  2. Bought 30 shares of MSFT @ $50.00. This is an entirely new position.
  3. Bought 25 shares of TGT @ $67.04. This is an entirely new position.
  4. Sold 5 shares of ABT @ $39.55. This was my entire position
  5. Sold 52 shares of NFLX @ $96.50. This was my entire position.

The big story here was the selling of my shares of NFLX. Thankfully I sold them at a profit (albeit minimal) and can use that capital to continue with my game plan of investing in good growth dividend stocks.

June Monthly Dividend

  • F–          50 shares @ $0.15 = $7.50
  • WMT–   17 shares @ $0.50 = $ 8.50
  • JNJ–      10 shares @ $0.80 = $8.00
  • MAIN–   77 shares @ $0.18 = $13.86
  • CLDT–   32 shares @ $0.11 = $3.52
  • MAIN–    77 shares @ $0.28 = $21.18
  • ARCC–   50 shares @ $0.38 = $19.00

Total for June: $81.56

It’s been a pretty good month overall for the portfolio. My financial goals for the next month is to add an additional one-off deposit of $150 to the portfolio. Add this on top of the auto-deposit of the $300 that will happen in July will let me have $450 to invest in.

You can check out my portfolio to see my latest holdings.

Stock Purchase – MAIN- Beginner Dividend Portfolio

Stock Purchase – MAIN

MAIN_logoMain Street Capital Corporation (MSCC) is a principal investment firm which provides customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies.

 

[stock_ticker symbols=”MAIN” show=”symbol”  static=”1″]

DIV Yield:   6.82%
P/E Ratio: 14.58

Since I now own 77 shares, this will make my portfolio’s projected annual net dividend income $166.32 (not including the special dividend months).

That increase rises my YOC to 7.3%.

Dividend History

MAIN has been paying steady monthly dividends since January 2009. They are decently consistent on raising the dividend every year, with one or two blemishes and currently sits at 18¢ a share. You can see their entire dividend history here.

For the last two years, they have been paying a special dividend of 0.275 cents a share on the 6th and 12th month of the year. I will not be basing my calculations with the special dividend and will just assume the regular dividend.

Stock Purchase – MAIN Transactions

2015-11-11 Bought: 10 shares of MAIN at $30.35 per share: $ 303.50
2015-12-14 Dividend on 10 shares at 18¢ per share: $ 1.80
2015-12-24 Dividend on 10 shares at 0.275¢ per share $ 2.75
2015-12-28 Bought 10 shares of MAIN at $29.95 per share $ 299.50
2015-12-30 Bought 10 shares of MAIN at $29.25 per share $ 292.50
2016-01-13 Bought 2 shares of MAIN at $28.10 per share $ 56.20
2016-01-15 Dividend on 10 shares at 0.18¢ per share $ 1.80
2016-01-20 Bought 15 shares of MAIN at $26.50 per share $ 397.50
2016-02-01 Bought 5 shares of MAIN at $28.25 per share $ 141.25
2016-02-17 Dividend on 32 shares at 18¢ per share: $ 5.76
2016-03-15 Dividend on 52 shares at 18¢ per share: $ 9.36
2016-04-15 Dividend on 52 shares at 18¢ per share: $ 9.36
2016-04-28 Bought 25 shares of MAIN at $31.38 per share $ 784.50
                                                                
 Total Capital Invested  $ 2,274.95
Total Dividends Received: $ 30.83

As of the time of this post, I’m currently up 5.97% on my capital on top of the dividends I have received. Not bad for a Dividend Beginner!

Stock Purchase – MAIN
Conclusion:

Perhaps I bought too high this time, but with the special dividend coming out and the fact that I wanted to increase my Beginner Dividend Portfolio to begin with, it seemed like a right call to begin with. Next time, I will wait until MAIN manages to dip below $30 a share.

 

Click here to see my portfolio holdings.