Stock Sold

The eventual goal of my dividend growth portfolio is to provide enough passive income to live off of. And while I won’t be relying on it anytime soon, the income it’s currently creating will be used to continue buying even more shares and the wealth snowball will grow even bigger!

I plan to always buy great dividend producing companies and take advantage of the fact that they raise their dividend EVERY year. That’s like getting a raise from each and every company, every…single…year.

In other news, a few things have changed in my life. I recently took a new job that has the option of putting some of my paycheck into a Employee Stock Purchase Plan. I’m still unsure whether or not I want to take advantage of that. Also with the new job, I have the option of rolling my old employer 401k into the new company. Again, I’m unsure what I will be doing with that but thankfully I’m not in a time crunch to get it done.

On to the update…

Summary

• $257.17 in dividends
• Added $1,000 cash to the portfolio
• Added $50.28 to my annual income.

 

Account Deposits
I added $1,000 to my dividend growth portfolio account. Still not quite where I want it to be in contribution terms, but much better than the $0 months of the past.

Dividend Payouts
Here are the companies that paid me dividends for the month of July:

KO	Coca Cola	$24.80
EMN	Eastman Chemical	$9.30
MRK	Merck	$11.00
MO	Altria	$59.20
SDIV	Superfund ETF	$13.93
MAIN	Main Street Capital	$11.89
O	Realty Income	$13.14
STWD	Starwood Property	$22.08
CAH	Cardinal Health	$35.12
OZK	Bank OZK	$11.04
CSCO	Cisco	$6.65
GE	General Electric	$0.25
CLDT	Chatham Lodging Trust	$17.05
CPB	Campbell Soup	$21.70
	Total:	$257.15

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 July 2018, I received $199.84 in dividend income. If we do the math, that means my June dividend income has increased +28.7% compared to the previous year!

Monthly Total: +$257.15

Stock Purchases
I purchased 2 shares of ABBV @ $70.25 and 9 shares @ $67.35.
This adds +$47.08 to my annual income.

I purchased 1 share of MO @ $49.10.
This adds +$3.20 to my annual income

Added Annual Income: +$50.28

Stock Sales
None.

Portfolio News

• Bank OZK declares $0.24/share quarterly dividend, 4.3% increase from prior dividend of $0.23.
• Duke Energy declares $0.945/share quarterly dividend, 1.9% increase from prior dividend of $0.9275.
• Walgreens Boots declares $0.4575/share quarterly dividend, 4% increase from prior dividend of $0.44.

Conclusion
Overall the month of July was decent for my dividend growth portfolio. The portfolio returned $257.15 in dividend payouts and I took tose funds to purchase additional shares of some great companies. I also am back to contributing to my dividend growth portfolio on a monthly basis.

I’m curious what other people think about $ABBV. Feel free to comment down below!

 

The eventual goal of my dividend growth portfolio is to provide enough passive income to live off of . And while I won’t be relying on it anytime soon, the income it’s currently creating will be used to continue buying even more shares and the wealth snowball will grow even bigger!

Summertime is now upon us and while the weather outside is getting hotter and hotter, the goal of my dividend investment portfolio remains the same. Always buy great dividend producing companies and take advantage of the fact that they raise their dividend EVERY year. That’s like getting a raise from each and every company, every…single…year.

As for the status of my other finances: It’s still in the process of being rebuilt and stabilized. My main goal for the next 2-3 months is to rebuild my emergency fund back to its previous levels. In my case that’s around $15k. We’re almost there but still have a few paychecks to go. Anyways, on to the portfolio update!

Summary

• $433.00 in dividends
• Added $0 cash to the portfolio
• Added $55.64 to my annual income.

Account Deposits
I was unable to add any additional funds to the portfolio. All purchases came from dividend payouts this month.

Dividend Payouts
Here are the companies that paid me dividends for the month of June:

F	Ford Motor	$49.65
PSX	Phillips 66	$14.40
V	Visa	$2.50
SO	Southern	$27.28
PFE	Pfizer	$5.76
IBM	IBM	$37.26
TGT	Target	$28.80
XOM	Exxon Mobile	$24.36
CVX	Chevron	$7.14
JNJ	Johnson and Johnson	$23.75
MMM	3M	$27.36
WBA	Walgreens	$8.80
SDIV	Superfund ETF	$14.47
O	Realty Inc	$13.11
MAIN	Mainstreet Capital	$11.60
DUK	Duke Energy	$28.75
Main	Mainstreet Capital	$14.50
GILD	Gilead	$12.60
CLDT	Chatham Lodging Trust	$17.05
TROW	T Rowe Price	$19.76
ARCC	Ares Capital	$42.00
ARCC	Ares Capital	$2.10
	Total:	$433.00

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 June 2018, I received $350.37 in dividend income. If we do the math, that means my June dividend income has increased +23.6% compared to the previous year!

Monthly Total: +$433.00

Stock Purchases
I purchased 5 shares of ABBV @ $78.30, 5 shares @ $69.52, and 3 shares at $71.50.

AbbieVie has been going through some tough times lately. Their international exclusivity expired on their main drug Humira and there has been recent news that they were in the process of buying Allergan (AGN), who also lost exclusivity with their own drug Restasis. Times may be tough, but I think this was a good time to start adding more to my position.

Stock Sales
None.

Portfolio News

• Realty Income declares $0.2265/share monthly dividend, 0.2% increase from prior dividend of $0.226.
• Target declares $0.66/share quarterly dividend, 3.1% increase from prior dividend of $0.64.

Conclusion
Overall the month of June was decent for my dividend growth portfolio. The portfolio returned a staggering $433 in dividend payouts and I believe I can start adding additional funds into it next month.

I’m curious what other people think about $ABBV. Feel free to comment down below!

 

I have to start off this post with a big apology to all the readers. I’ve been absent for WAY TOO LONG. Personal stuff happened to come up in my life and I had to divert the funds that I was putting into the dividend portfolio. I’m slowly starting to get back into it now. This months update will be a little light on the content but I did manage to purchase one new addition to the portfolio and add more to an existing position. Let’s get back to work.

Summary

• $341.14 in dividends
• Added $400 to the portfolio
• Added $94.80 to my annual income.

Not the normal snapshot that I normally give on my portfolio updates but I’m about 11 days late on this so this will have to do! The month of May was basically a down month but has since rebounded in the beginning of June.

Account Deposits
Like usual, $200 comes out of each paycheck with automatic deposit and at the end of the month, I throw whatever is left into the account. Due to the personal reasons, I was unable to add anything extra to it.

$200 +$200 = +$400

Dividend Payouts
Here are the companies that paid me dividends for the month of May:

T	AT&T	$77.01
VZ	Verizon	$24.70
GIS	General Mills	$33.32
CVS	CVS	$27.50
LOW	Lowes	$4.32
SDIV	Global X SuperDividend ETF	$14.47
ABBV	AbbVie	$22.47
PG	Proctor and Gamble	$23.87
O	Realty Income	$13.11
MAIN	Main Street Capital	$11.60
AAPL	Apple	$15.40
WRK	WestRock	$27.76
PZZA	Papa Johns	$5.40
SBUX	Starbucks	$15.48
WSM	Williams Sonoma	$7.68
CLDT	Chatham Lodging Trust	$17.05
	Total:	$341.14

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 May 2018, I received $182.25 in dividend income. If we do the math, that means my May dividend income has increased a whopping +87% compared to the previous year!

Monthly Total: +$341.14

Stock Purchases
I purchased 5 shares of MMM @ $178.45 and 5 more @ $167.00

3M is very attractive at their current levels. It’s currently sitting at a 3.4% yield. I’m hoping to add even more if I can wrangle the funds for it. This adds +$57.60 to my annual income.

I purchased 10 shares of EMN @ $71.25 and 5 shares @$68.45.

Eastman Chemicals is a Basic Materials company that manufactures chemicals for products in the coatings, tires, consumables, building and construction and industrial applications. Yep, this is a boring style stock. Nothing glamorous in this one. Jason Fieber, one of the inspirations for me picking up dividend stocks, mentioned it on his Twitter and I had to check it out.  It currently yields 3.4% with a 5-year DGR of 13%. This adds +$37.20 to my annual income.

Total : +$94.80 to my annual income.

Stock Sells
None.

Conclusion
So it was a pretty good month for my dividend portfolio. While I was away, my dividend producing stocks continued to make me passive income. I, in turn, took that passive income to purchase even more shares. I did purchase a few additional stocks over the last few absent months. I went ahead and updated my overall portfolio to reflect it’s current state. Please feel free to check out the portfolio page.

Feel free to comment down below if you find any good plays out there for the dividend growth investors? I would love to see what the community is interested in.

Thanks again for reading my Dividend Portfolio Update for May 2019! Until next time!

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.

Continue reading “Dividend Portfolio Update for January 2019” →