Dividend Portfolio Update for August 2017

And just like that, another month has come and gone. Nothing really exciting happened in my dividend portfolio in August. It continues to return dividends into my account and I continue to add to it every month to keep my returns going up. Nothing is more satisfying than seeing money flow into your account passively.

It seems like September will be the month of hurricanes as we have one hitting Florida and another two brewing in the ocean. I hope everybody stays safe out there!

Let’s go ahead and get this update going.

Summary

  • $144.54 in dividends
  • Added $2,700 to dividend portfolio

DIVIDEND NOOB AUGUST RETURNS

 

Account Deposits

As usual, I automatically pull out $200 per paycheck with automatic deposit and at the end of the month, I throw whatever is left into the account. This time it was a whopping $2,300!

$200 + $200 + $2,300 = $2,700

I mentioned last month in my July Post that I was hoping to put at least $2,000 into the account and I’m happy that I was able to do so.

Dividend Payouts

No real big surprises this month so let’s go ahead and look at the break down:

VZ $17.90
T $15.19
CVS $6.50
LOW $1.64
SDIV $12.17
OHI $13.44
PG $4.83
MAIN $0.93
NGG $17.03
CAT $4.68
HCN $13.05
WSM $5.85
CLDT $17.05
SBSI $14.28

Monthly Total: +$144.54

Stock Purchases

I didn’t buy a whole lot this month but I did manage to add some shares of high quality dividend paying companies.

  • 10 shares of MO@ $65.88
    MO is a tobacco company that has been paying increasing dividends for the last 48 years and is classified as a Dividend Champion! They currently sit around a 4.2% dividend yield with an EPS payout ratio of just 35%.
MO_history_9_17
MO Historic Growth

Since I’ve purchased them, they’ve continued to slide down and at the time of this posting, shares of MO are going for $63 a share. I believe I’ll be purchasing more of them in the upcoming months. This adds +$26.40 to my annual income.

  • 13 shares of DKS @ $27.75
    Dicks Sporting Goods is a sporting goods retailer that’s still relatively new to the dividend game. This is one of my more riskier plays since it doesn’t have the history of dividends that I’m used to looking at.
    DKS_historical_Growth_9_17
    DKS Historic Growth

    DKS currently sits at a dividend yield of 2.5% with a payout ratio of 24%. With the recent earnings miss and the state of retail as it relates to the market, I figured it was a good time to at least dip my toes. This adds +$8.84 to my annual income.

  • 5 shares of LOW@ $71.32
    LOW is a Dividend Champion with a staggering 55 years of increasing dividends. It currently sits at a 1.8% yield and a payout ratio of 45%.
    LOW_historical_growth_9_17
    LOW Historical Growth

    LOW has bounced back up to $77 a share in the last 2 weeks but I’ll continually add to them on any significant dips. This adds +$8.20 to my annual income.

  • 6 shares of GE@ $24.20
    I continue to just average down on GE as it keeps getting hit. There’s a good chance I’ll let this go in the future. This adds +$5.76 to my annual income.

Annual Income = +$49.20

 

Stock Sells

None.

Conclusion

The portfolio had a rather uneventful month but that’s okay. It continues to grow and produce income which is exactly what I want it to. If you have any dividend stock ideas, I would love to hear them.

 

Thanks for reading!

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