Dividend Portfolio Update for February 2020

Noob Here! I’m back with my dividend portfolio update for February 2020.

The stock market took an 11% hit in the last week of February due to rising fears of the global Coronavirus. Before we go on with the portfolio update, I want to go ahead and say my heart goes out to all those who have been affected by the Coronavirus. So please be safe out there.

While the market was continuing to hit all-time highs and plenty of analysts and firms were talking about a big correction happening, it looks like the global Coronavirus was the final tipping point as stocks went crashing down. Thankfully, I was able to put new funds into my account for the first time in what feels like forever.

There is some good buying opportunities out there. But first I want to tell everybody: Do not fear the down days! A high portfolio value is not our end goal here. Let the markets go down. We’re here for the long term. If the stock market continues to go lower? Well that’s okay too. We can buy our favorite stocks at even better prices! We are looking for high yield on costs and lower stock prices will help with that!

On to the update.

Summary

  • $372.05 in dividends for the month of February.
  • I added +$213.34 to my annual income.
  • Sold 1 stock and lowered my annual income by $88.32.

Dividend Growth Portfolio Balance

Beginning Balance: $116,399.20
End Balance: $107,814.27
Change: -7.3%

Account Deposits
And we’re back in action. I was able to add $2,000 to the portfolio at the end of the month.

Total: +$2,000.

Dividend Payouts

WRK $33.86
SBUX $17.72
PG $24.01
MAIN $12.12
ABBV $53.74
O $13.61
AAPL $15.44
SDIV $13.08
LOW $4.97
T $79.54
CVS $27.70
VZ $25.47
GIS $33.64
CLDT $17.15
Total: $372.05

Last year in February, my dividend payouts equaled $324.74. If we compare it to this month’s value of $372.05; my February payout has increased by 14.5%! This is excellent growth!

Purchases
It feels good to be buying again! One new position and I nibbled a few others that I’m not too proud of.

  • Bought 19 XOM @ 60.80
    Oil continues to get hit hard and there are some good plays out there if you’re okay with handling the volatility of it. XOM is sporting a 6.9% dividend yield and has been increasing dividends for 37 years. This adds +$66.12 to my annual income!
  • Bought 10 MDP @ 32.25, 10 @ 28.75
    Meredith Corporation is a Local and National diversified media company. It’s currently providing an 8.7% dividend yield and has a dividend streak of 27 years! It currently sits at a payout ratio of 35% with a 5-year dividend growth rate of 5.8%. This adds +$47.60 to my annual income!
  • Bought 25 WFC @ 46.40, 5 @ 43.00
    This is a new position. Wells Fargo is well known in the financial sector and should need no introduction. It’s currently yielding 4.8% with a dividend growth streak of 9 years. It’s also been in the news lately because Warren Buffett is selling. That’s okay though, I’ll buy it. This adds +$61.20 to my annual income!
  • Bought 2 WBA @ 47.20
    I’m nibbling a few shares of Walgreens to help with the cost averaging since I got in way too high. That’s okay though because WBA is yielding 3.9% and has been increasing dividends for a staggering 43 years! This adds +$3.66 to my annual income!
  • Bought 3 MO @ 41.20
    Perhaps my favorite sin stock that’s been beaten down due to market resentment for their fiasco with buying a stake in JUUL. This tobacco stock is looking amazing at these levels. It has an 8.3% dividend yield, a 10.4% 5-year dividend growth rate, and a healthy 76% payout ratio. Oh, and also they’ve been increasing their dividend for 50 years! I’m getting pretty heavy on MO but it’s just too tempting at this price. This adds +$10.08 to my annual income!
  • Bought 15 F @ 7.00
    Another one of my darlings that I just don’t want to let go of. Let’s face it, you either love or hate the Ford Motor Company. The share price hasn’t gone anywhere, they no longer are doing their supplemental income, and to top it all off it looks like they are spending big dollars to revamp their whole lineup. Everybody says their dividend is safe but it’s not growing anytime soon. That’s okay because it has an 8.6% dividend yield to hold you over. Ford was also one of the first stocks I ever bought so I’m partial to it. This adds +$9.00 to my annual income!
  • Bought  1 GE @ 13
    I’m glutton for punishment. I decided to just buy a share a month to lower my cost average. I believe Larry Culp can turn it all around but it will probably take a long time. This is the dumbest thing I probably spent money on.  This adds +$0.04 to my annual income!

Total = +$197.70 added to my annual income!

DRIPS
I believe the only time someone can say that they love the DRIPs is when it comes to dividend growth investing. DRIP has a powerful snowball effect on your portfolio and should not be overlooked. The beautiful thing about it is that it’s passive and doesn’t require any thought. So it’s perfect for a Noob like me.

  • Bought 1 WRK @ 33.8621
    This adds +$1.86 to my annual income.
  • Bought 0.208 SBUX @ 85.2396
    This adds +$0.33 to my annual income.
  • Bought 0.19 PG @ 126.0943
    This adds +$0.56 to my annual income.
  • Bought 0.574 ABBV @ 93.668
    This adds +$2.70 to my annual income.
  • Bought 0.27 MAIN @ 44.8548
    This adds +$0.66 to my annual income.
  • Bought 0.17 O @ 80.0787
    This adds +$0.47 to my annual income.
  • Bought 0.048 AAPL @ 324.9763
    This adds +$0.12 to my annual income.
  • Bought 0.041 LOW @ 122.3237
    This adds +$0.08 to my annual income.
  • Bought 2.122 T @ 37.4757
    This adds +$4.40 to my annual income.
  • Bought 0.437 VZ @ 58.2984
    This adds +$1.07 to my annual income.
  • Bought 0.407 CVS @ 68.0228
    This adds +$0.81 to my annual income.
  • Bought 0.631 GIS @ 53.3249
    This adds +$1.23 to my annual income.
  • Bought 1.036 CLDT @ 16.5603
    This adds +$1.35 to my annual income.

Total = +$15.64 added to my annual income!

Sells

  • Sold 46 STWD @25.90
    I wanted to sell out of STWD for a while now and finally decided to pull the trigger. I’m glad I sold it at the time I did. This lowers my annual income by -$88.32.

Summary

Who knows what the future holds for the market. All I know is that I like to buy good quality dividend growth stocks (with a few not so quality this month). So I’m okay with buying them when prices go up and definitely when they go down!

If you’re curious about my entire dividend growth portfolio—check it out here.

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

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