As I'm writing this blog post, it's Friday, March 6th. The temperature here in Central Wisconsin is set to reach a high of 53 degrees Fahrenheit later today, with a thunderstorm expected tonight. Better yet, the temperature is expected to reach into the 60s on Sunday and Monday with sunny forecasts!
Now that February 2026 is in the rearview mirror, I'll briefly highlight my stock purchases and stock sales during the month. Without further ado, let's get into it!
Dividend Stock Purchase #1: Automatic Data Processing (ADP)
The first dividend stock purchase that I made in February 2026 was two more shares of Automatic Data Processing at an average cost per share of $241.55. In my March 2026 Stock Watch List blog post, my rationale is the same as it has been in recent months (with an even better value proposition to boot). This raised my net annual forward dividends by $13.60, which is equivalent to a 2.81% net dividend yield.
Dividend Stock Purchase #2: Brookfield Asset Management (BAM)
The next dividend stock purchase that I completed during the month was 14 shares of BAM at an average price per share of $49.28. Curious readers can peruse my investment thesis in my February 2026 Dividend Stock Watch List blog post. My net annual forward dividends rose by $25.02 (accounting for the pre-dividend announcement payout on 12 of those shares and the post-dividend announcement on two of those shares), which works out to a 3.63% net dividend yield.
Dividend Stock Purchase #3: Microsoft (MSFT)
The third dividend stock purchase that I made in February 2026 was two shares of Microsoft at an average cost per share of $395.64. Interested readers can find my investment thesis in either of my blog posts linked above. The $7.28 in net annual forward dividends added from this transaction equates to a 0.92% net dividend yield.
Dividend Stock Purchase #4: Meta Platforms (META)
The next dividend stock purchase that I completed during the month was one share of Meta Platforms at a total cost of $650.35. Readers can check out my investment thesis in the February 2026 Dividend Stock Watch List blog post linked earlier. The $2.10 increase in my net annual forward dividends is equivalent to a 0.32% net dividend yield.
Dividend Stock Purchase #5: NNN REIT (NNN)
The fifth dividend stock purchase that I made in February 2026 was 23 shares of NNN REIT at an average price per share of $43.08. Once again, my investment thesis can be found in the aforementioned February 2026 Dividend Stock Watch List blog post. My net annual forward dividends rose by $55.20, which works out to a 5.57% net dividend yield.
Dividend Stock Sales: Bristol Myers Squibb (BMY), Dollar General (DG), Pinnacle West Capital (PNW), AT&T (T), United Parcel Service (UPS), and Viatris (VTRS)
I was also busy exiting quite a few small positions in my portfolio. Since these all had some combination of lackluster dividend growth/dividend freezes/elevated valuations, I decided late last month was the time to close them out to redeploy capital into higher conviction positions.
I sold out of 22 shares of BMY at $59.58 a share. I exited four shares of DG at $153 apiece. I closed out seven shares of PNW at $99.89 each. I sold off 21 shares of T at $28.95 a share. I exited five shares of UPS at $117.40 each. Finally, I closed out 42 shares of VTRS at $15.83 a share.
Overall, these sales reduced my net annual forward dividends by $166.63.
Stock Purchases: Intuit (INTU) and Western Midstream Partners (WES)
Rather than wait to buy Intuit in March, I got started before the Q2 2026 earnings report was released. In two tranches, I added a total of seven shares of INTU at an average cost of $392.62. In two tranches, I also added a total of 45 units of WES at an average price per unit of $42.66.
Including additional capital contributions of $186.80 beyond what I received from my proceeds in sales, I added $198.44 in net annual forward dividends/distributions (accounting for 32 units of WES purchased before the distribution increase and 13 units after the payout raise).
Concluding Thoughts:
In February 2026, I invested $3,792.40 in net capital. Including a $31.81 benefit from capital redeployment, my net annual forward dividends grew by $135.01 during the month. That equates to a 3.56% net yield.
Dividend boosts announced in February 2026 also lifted my net annual forward dividends by $64.108. That took my net annual forward dividends from around $6,885 heading into February 2026 to almost $7,090 to conclude the month.
Discussion:
How was your February 2026 for capital deployment?
Did you open any new position(s) as I did with INTU and WES during the month? Did you exit any positions as I did with BMY, DG, PNW, T, UPS, and VTRS?
I appreciate your readership and welcome your comments below!
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