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.
Summary
- $215.81 in dividends
- Added $4,400 to the portfolio
- Added $189.30 to my annual income.
Account Deposits
Like usual, $200 comes out of my paycheck with automatic deposit and at the end of the month, I throw whatever is left into the account. After the flush of spending from the holiday month, I was able to pool the left over funds from the last 2 months and add an extra $4,000 to the account.
$200 +$200 +$4,000 = +$4,400
Dividend Payouts
Here are the companies that paid me dividends for the month of January:
| MRK | Merck | $11.00 |
| SDIV | Global X SuperDividend ETF | $13.66 |
| NGG | National Grid | $9.46 |
| MO | Altria | $47.20 |
| CAH | Cardinal Health | $33.82 |
| STWD | Starwood Property Trust | $22.08 |
| MAIN | Main Street | $10.73 |
| O | Realty Income | $12.82 |
| OZK | Bank Ozark | $10.12 |
| CSCO | Cisco | $6.27 |
| GE | General Electric | $0.25 |
| CLDT | Chatham Lodging Trust | $17.05 |
| CPB | Campbell Soup | $21.35 |
| Total: | $215.81 |
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 Jan 2018, I received $93.16 in dividend income. If we do the math, that means my January dividend income has increased a whopping +131.6% compared to the previous year!
Monthly Total: +$215.81
Stock Purchases
I purchased 7 shares of AAPL @ $143.00, 5 additional shares @ $152.20 and 2 shares @ $152.00.
Apple really needs no introduction. One of the big players in the tech sector that seems to have quite a bit of sway when it comes to the stock market. I’ve been really acquiring AAPL after they got hit hard. It currently sits at a dividend yield of 1.7% after the price went back up to the 170’s. This adds +$40.88 to my annual income.
I purchased 3 shares of F @ $7.90 and 4 shares @$8.70.
My acquiring of more shares of Ford Motor Company might come back to bite me in the rear but the currently yield was too enticing for me to say no. If their product refresh over the next two years comes out good, the yield on cost on this company might get pretty decent. I would be cautious if I was a new investor looking into them. This adds +$4.20 to my annual income.
I purchased 2 shares of MMM @ $193.00.
3M is another company that needs no introduction to my fellow dividend growth investors. I’ve been wanting to purchase more shares of this Dividend Champion and have been waiting for dips for a long time. Now I think I’m just going to slowly average in over time. They currently sit at a dividend yield of 2.7% with a 5-year dividend growth rate of 16.4%! This adds +$10.88 to my annual income.
I purchased 5 shares of T@ $30.00.
I continue to nibble shares of AT&T which is now sitting at a 6.8% yield. They’ve been paying increasing dividends every year for 34 years! Lots of debt with the recent acquisition but they are sitting at a healthy 56% payout ratio. This adds $10.20 to my annual income.
I purchased 6 shares of ABBV @ $88.00, 2 shares @ $84.88, 2 shares @ $85.48, 5 shares @ $78.40.
AbbVie develops, manufactures, and sells pharmaceutical products worldwide. They’ve been feeling pressure lately due to missing earnings and declining revenue. They have been paying increasing dividend payouts for 6 years and currently have a 17.5% 5-year dividend growth rate. Their yield is now sitting at 5.4% with a payout ratio of 49%. This adds +$64.20 to my annual income.
I purchased 6 shares of SDIV @ $18.38.
SDIV is the only ETF that currently sits in my portfolio. They currently are yielding 8.2% and pay monthly. This adds +$9.54 to my annual income.
I purchased 5 shares of MO @ $47.25, 5 shares @ $46.00, 5 shares @ $43.80.
One of my favorite sin stocks. The other being DEO (liquor). They’ve been facing headwinds on all sides recently. One from the government crackdown on advertising vaping to minors and decreasing revenue from their cigarette business. They always seem to roll with the punches and end up doing okay. They have been paying increasing dividends for 49 years. A dividend yield of 6.5%. And a 10% 5-year dividend growth rate. This adds +$48.00 to my annual income.
The following stocks are my Manual DRIP’s. I added 1 share of the following stock- CPB. This adds $1.40 to my annual income.
Total : +$189.30 to my annual income.
Stock Sells
I sold all my shares of WELL @75.25. I felt they were getting pretty pricey at these levels and also wanted to lower my exposure to REITs. I have nothing but love for them and would definitely think about purchasing them again if they ever dipped. I originally purchased them in December 2016 @ 61.48 shares. They gave me 8 dividend payouts. Overall, not a bad gain. My annual income is -$52.20 lower.
Portfolio News
- Bank OZK (OZK) declares $0.22/share quarterly dividend, 4.8% increase from prior dividend of $0.21.
- Realty Income (O) declares $0.2255/share monthly dividend, 2% increase from prior dividend of $0.221.
- Chevron (CVX) declares $1.19/share quarterly dividend, 6.2% increase from prior dividend of $1.12.
- Ford to refresh 75% of lineup.
Conclusion
In the month of January, I continued to grow my dividend portfolio with some good purchases of some great companies. It makes me pretty happy seeing the money that I made passively. Please feel free to check out my new portfolio page. I hand coded it using php/mysql!
Feel free to comment down below if you have any plans/goals for 2019? I would love to see what the community is doing.
Thanks again for reading my Dividend Portfolio Update for January 2019! Until next time!