The market has been on a tear since Donald Trump has taken office and my portfolio is no different. Below is a screenshot of my gains for the month of February and there’s no way you can hate against it. While not all my stocks have done amazing, there’s definitely been quite a few that have stood out.
To name just a few:
| AAPL is up 16% | CSCO is up 11.5% |
| BA is up 12% | PFE is up 11% |
| CAH is up 13% | V is up 7% |
Of course, short term gains don’t mean too much when we’re looking at establishing a high quality dividend portfolio, but it’s still brings a smile to my face when I see my balance go up over $1,200 bucks in a month. Can this bull market continue or will we see it regress? Only the shadow knows…
Deposits
As usual, I auto-deposited $200 each pay period into my Robinhood account. This sets me up to have $400 every month to purchase high quality dividend stocks without having to put up any effort.
I also added a one time deposit of $625 for the month. This is $375 more than my stated Goals for 2017. I’m also working towards paying off my car loan this year. I’m hoping my tax rebate this year will pay for the majority of the car off. This will let me take the payment I would normally use for the car payment and use that money to purchase even more high quality dividend stocks.
Total: $200 + $200 + $625= $1,025
Dividend Payouts
| VZ | 10 shares @ $0.58 = | $5.78 |
| T | 25 shares @ $0.49 = | $12.25 |
| CVS | 7 shares @ $0.50 = | $3.50 |
| SDIV | 101 shares @$0.12 = | $12.17 |
| OHI | 20 shares @ $0.62 = | $12.40 |
| PG | 6 shares @ $0.67 = | $4.02 |
| AAPL | 5 shares @ $0.57 = | $2.85 |
| CAT | 5 shares @ $0.77 = | $3.85 |
| HCN | 15 shares @ $0.87 = | $13.05 |
| CLDT | 150 shares @ $0.11 = | $16.50 |
| Total for February: | $86.37 |
Not too bad for passive income.
Let’s go ahead and talk about about this month’s purchases now.
Stock Purchases
I mostly DRIP’d the companies that paid out dividends to me this month. I opted not to DRIP a few of the REIT’s this month since my position in them is pretty high and I’m getting a little low on cash in the account. Also the same with AAPL since they’ve been skyrocketing lately on the news that Berkshire bought even more shares. Oh well, let’s see what I purchased.
- 1 shares CVS @75.97
CVS is a well known pharmacy company that operates retail drugstores, online retail pharmacy websites and its retail healthcare clinics.They’re currently trading at a P/E Ratio of 17 after a recent dip on news that they lost a contract. I still believe that CVS is here to stay and they are currently paying a 2.4% dividend yield. They have a 32 year history of paying dividends and are currently classified as a Dividend Contender with 14 years of increasing dividends. They currently sit around a 42% EPS payout ratio which means that the dividend is pretty safe. They also have a 5 year dividend growth rate of over 27%! The board just announced an 18% increase to the annual dividend which means each share of CVS returns $2.00 in dividends a year. This adds $1.72 to my annual income!
- 1 share of T @ 41.99
Most people know AT&T since it’s a Dividend Champion with 33 years of increasing dividends. They currently sit around a 4.6% dividend yield with a dividend growth rate of 2.2% While not the most aggressive dividend stock, they are by far a pretty reliable. Things to watch out is they’re over 80% on their EPS payout ratio. This adds $1.96 to my annual income!
- 1 share of VZ @48.40
Another communications stock? Yep, it’s alright to buy shares of companies that are in direct competition with each other. I don’t think VZ or T are going anywhere anytime soon. Verizon also sits at a 4.6% dividend yield and is considered a Dividend Contender with 12 years of increasing dividends. They sit at a slightly higher Dividend Growth Rate of 3% compared to T but their EPS Payout Ratio is at a more comfortable 67%. This adds $2.31 to my annual income!
- 1 share of XOM @82.75
Exxon Mobile is a 34 Year Dividend Champion currently sitting at a 3.6% dividend yield with a 3-year DGR of 6.6% Their eps payout ratio is higher than I’d like to see from them but they still keep paying out the dividend. This adds $3.00 to my annual income!
- 20 shares of GILD @ 68.42
GILD is a biotech company that just recently started paying dividends. They dipped pretty hard recently so I decided to add some more shares. They currently sit at a 3% dividend yield. This is one of my more riskier plays so I don’t recommend going in them if you’re a beginner. This adds $20.80 to my annual income!
- 1 shares of PG @ $90.66
PG is a 60-Year Dividend Champion that currently sits at a 2.9% dividend yield. There’s a reason why PG sits on top of a lot of dividend bloggers “always buy” lists. They’re a solid company that is worthy of anybody’s portfolio. This adds $2.68 to my annual income
- 1 shares of OHI@ $31.50
OHI is a 14-Year Dividend Contender with a dividend yield of 7.5%. The have an average DGR of 8% but are high when it comes to EPS Payout Ratio. I’ll have to keep an eye out for them as well. This adds $2.48 to my annual income
- 1 shares of CAT @ $98.80
This was a DRIP’d purchase of a 23-Year Dividend Contender. Their yield sits just over 3% with an average DGR of 9.6%. Their payout ratio is higher than I would like as well. But this adds $3.08 to my annual income.
All these stock purchases have added a grand total of $38.03 to my annual income.
Stock Sells
None.
Conclusion
We’ve added $38.03 to my annual income in this month alone. While the majority of my purchases were just DRIP’s, I’m still happy with the outcome. The portfolio won’t be exciting for a few months until the car gets paid off, but after that the sky is the limit!
I hope everybody else had a good month. See ya next time!
Awesome job. soon you will be over 100 in this slow month keep it up.
Thanks Doug! Slowly but surely it’s getting up there.
Nice job collecting those dividends and continuing to DRIP. It’s a great way to compound your positions. I reinvest all my dividends for now.
Thanks DivHut! I try to DRIP whenever I can!