Tuesday, May 30, 2023
Tuesday, May 23, 2023
Dividend Stock #1: Enterprise Products Partners (EPD)
Dividend Stock #2: General Dynamics (GD)
Dividend Stock #3: Medtronic (MDT)
Tuesday, May 16, 2023
Tuesday, May 9, 2023
As I'm writing this blog post, the month of April has been over for a week. But you certainly wouldn't know it by the weather here in Central Wisconsin: Only in recent days have we surpassed 60 degrees Fahrenheit for the first time in several weeks.
Actual Dividend Increases for April 2023
Dividend Increase #1: FedEx (FDX)
Dividend Increase #2: Tanger Factory Outlet Centers (SKT)
Dividend Increase #3: Southern Company (SO)
Dividend Increase #4: Johnson & Johnson (JNJ)
Dividend Increase #5: Raytheon Technologies (RTX)
Dividend Increase #6: International Business Machines (IBM)
Dividend Increase #7: American Water Works (AWK)
Dividend Increase #8: Energy Transfer (ET)
Expected Dividend Increases for May 2023
Already Announced: Simon Property Group (SPG)
Already Announced: Leggett & Platt (LEG)
Already Announced: Main Street Capital (MAIN)
Expected Dividend Increase #1: Union Pacific (UNP)
Expected Dividend Increase #2: Medtronic (MDT)
Expected Dividend Increase #3: Lowe's (LOW)
Tuesday, May 2, 2023
As I'm writing this blog post, it is Saturday, April 29th. The temperature here in Central Wisconsin is expected to reach a high of just 44 degrees Fahrenheit, which is well below the average for this time of year.
Since we're at the end of the month, now is an excellent time to dig into the stock purchases that I made in April 2023.
My first dividend stock purchase during the month was seven shares of Realty Income (O) at an average cost per share of $62.20. Readers looking for my investment thesis could check out my April 2023 Dividend Stock Watch List blog post. This transaction lifted my net annual forward dividends by $21.42, which is equivalent to a 4.92% net dividend yield.
The next stock purchase that I made in April was a share of Amazon (AMZN) at a cost of $102.05. As I explained a year ago when I first started buying the stock, AMZN is an unstoppable tech giant with leading positions in online retail and cloud computing.
My other stock purchase executed during the month was one share of Alphabet (GOOGL) at a price of $106.42. Since the investment thesis remains intact in my opinion, readers can check out my blog post from last July on why I am bullish toward GOOGL stock.
The second dividend stock purchase that I made in April was two shares of Visa (V) at an average cost of $232.66 a share. Again, readers can view my April 2023 Dividend Stock Watch List blog post for my basic investment thesis on V. My net annual forward dividends increased by $3.60 from this transaction, which works out to a 0.77% dividend yield.
My third dividend stock purchase completed during the month was 11 shares of TJX Companies (TJX) at an average price per share of $77.72. Readers can again visit my April 2023 Dividend Stock Watch List blog post linked above for the investment thesis on TJX. This activity boosted my net annual forward dividends by $14.63, which equates to a 1.71% net dividend yield.
The fourth dividend stock purchase that I made in April was five shares of Philip Morris International (PM) at an average cost of $99.13 a share. Readers can take a look at my recent Motley Fool article for the investment thesis on why I continue to add to my position in PM. My net annual forward dividends rose by $25.40 from this purchase, which is equivalent to a 5.12% dividend yield.
My fifth and final dividend stock purchase that I completed during the month was two shares of Air Products & Chemicals (APD) at an average price per share of $291.66. Readers curious about my investment thesis for APD can peruse this recent Motley Fool article on the stock (and Procter & Gamble and Albemarle). My net annual forward dividends surged $14 higher from this transaction, which works out to a 2.4% dividend yield.
I put $3,043.01 in capital to work in the month of April 2023. My dividend stock purchases helped my net annual forward dividends to soar by $79.05, which equates to a weighted average dividend yield of 2.6%.
Along with the dividend increases that I received this month, my net annual forward dividends grew from nearly $3,655 at the start of the month to over $3,740 heading into May.
How was your April 2023 for capital deployment?
Did you open up any new positions during the month as I did with TJX?
Thanks for your readership and please leave your comments below!