Tuesday, March 21, 2023
February 2023 Dividend Income
Tuesday, March 14, 2023
February 2023 Dividend Stock Purchases
Concluding Thoughts:
Discussion:
Tuesday, March 7, 2023
Expected Dividend Increases for March 2023
Actual Dividend Increases for February 2023
Dividend Increase #1: Shell (SHEL)
Dividend Increase #2: BP plc (BP)
Dividend Increase #3: T. Rowe Price Group (TROW)
Dividend Increase #4: Prudential Financial (PRU)
Dividend Increase #5: Tractor Supply (TSCO)
Dividend Increase #6: PepsiCo (PEP)
Dividend Increase #7: Realty Income (O)
Dividend Increase #8: Cisco (CSCO)
Dividend Increase #9: Coca-Cola (KO)
Dividend Increase #10: NextEra Energy (NEE)
Dividend Increase #11: Allstate (ALL)
Dividend Increase #12: Home Depot (HD)
Dividend Increase #13: Genuine Parts Company (GPC)
Dividend Increase #14: Albemarle (ALB)
Dividend Increase #15: L3Harris Technologies (LHX)
Dividend Freeze #1: Medical Properties Trust (MPW)
Dividend Freeze #2: Digital Realty Trust (DLR)
Expected Dividend Increases for March 2023
Expected Dividend Increase #1: Realty Income (O)
Expected Dividend Increase #2: W.P. Carey (WPC)
Expected Dividend Increase #3: American Tower (AMT)
Expected Dividend Increase #4: Williams-Sonoma (WSM)
Expected Dividend Increase #5: General Dynamics (GD)
Expected Dividend Increase #6: Innovative Industrial Properties (IIPR)
Expected Dividend Increase #7: Dollar General (DG)
Concluding Thoughts:
Discussion:
Tuesday, February 28, 2023
March 2023 Dividend Stock Watch List
Dividend Stock #1: AbbVie (ABBV)
Dividend Stock #2: Lowe's (LOW)
Dividend Stock #3: Mastercard (MA)
Concluding Thoughts:
Discussion:
Tuesday, February 21, 2023
January 2023 Dividend Income
Concluding Thoughts:
Discussion:
Tuesday, February 14, 2023
January 2023 Dividend Stock Purchases
As I'm writing this blog post on Saturday, February 11, the temperature is expected to reach a high of 43 degrees Fahrenheit here in Central Wisconsin. Since it is uncharacteristically warm for this time of the year, I certainly plan on getting outside later today.
With that aside, the time of the month means that last month is well behind us at this point. That's why I will be discussing my dividend stock purchases for January 2023. Let's dig in!
I started off the month by opening a three share position in Dollar General (DG) at an average cost of $233.84 per share. Readers interested in my rationale for doing so can check out a recent Motley Fool article on DG (and TJX Companies). This purchase boosted my net annual forward dividends by $6.60, which equates to a 0.94% net dividend yield.
The next dividend stock purchase that I made during the month was four shares of American Electric Power (AEP) at an average cost per share of $95.16. Readers can take a look at my January 2023 Dividend Stock Watch List blog post for more info on the buy case for AEP. As a result of this transaction, my net annual forward dividends surged $13.28 higher. That is equivalent to a 3.49% average dividend yield.
My first non-dividend stock purchase for the month was a share of Alphabet (GOOGL) at a cost of $90.55. This purchase decision was due to GOOGL's dominance in digital advertising as I explained several months ago.
The other non-dividend stock purchase that I made in January was a share of Amazon (AMZN) at a share price of $98.56. This is because of AMZN's status as a leader of the cloud computing, e-commerce, and digital advertising industries.
My third dividend stock purchase that I completed last month was six shares of Main Street Capital (MAIN) at an average cost of $38.71 per share. Those interested in the investment thesis for MAIN can find out more by reading my recent Motley Fool article on the stock. This dividend stock purchase boosted my net annual forward dividends by $16.20, which works out to a 6.97% net dividend yield.
The next dividend stock that I added to in January was a share of Broadcom (AVGO) at a share price of $594.97. While eight months old, this Motley Fool article on AVGO (and Home Depot) still appropriately sums up my investment thesis for the stock. My net annual forward dividends were lifted $18.40 higher from this purchase, which equates to a 3.09% dividend yield.
My fifth dividend stock purchase for last month was two shares of Amgen (AMGN) at an average cost per share of $254.15. Readers can visit my recent Motley Fool article on AMGN to gain a better understanding of my investment thesis. This transaction propelled my net annual forward dividends higher by $17.04, which is a 3.35% net dividend yield.
The final dividend stock purchase that I made in January was 10 shares of Verizon Communications (VZ) at an average cost of $40.48 per share. Although this Motley Fool article is from five months ago, my investment thesis for VZ (and British American Tobacco and Energy Transfer) remains intact. My net annual forward dividends soared higher by $26.10, which is equivalent to a 6.45% dividend yield.
Concluding Thoughts:
I started off 2023 with a bang, putting $3,011.55 in capital to work during the month. Given the $97.62 in net annual forward dividends that these purchases added, my weighted-average net dividend yield was 3.24% on purchases made in January 2023.
Coupled with the record $28.35 in dividend increases that I received last month, my net annual forward dividends soared from $3,355 at the start of the month to nearly $3,480 to end the month.
Discussion:
How did you fare on capital deployment in January 2023?
Did you start any new positions as I did with DG?
Thanks for reading and please feel free to comment below!
Tuesday, February 7, 2023
Expected Dividend Increases for February 2023
Actual Dividend Increases for January 2023
Dividend Increase #1: Enterprise Products Partners (EPD)
Dividend Increase #2: STAG Industrial (STAG)
Dividend Increase #3: ONEOK (OKE)
Dividend Increase #4: WEC Energy Group (WEC)
Dividend Increase #5: Kimberly Clark (KMB)
Dividend Increase #6: BlackRock (BLK)
Dividend Increase #7: Comcast (CMCSA)
Dividend Increase #8: Energy Transfer (ET)
Dividend Increase #9: Alliant Energy (LNT)
Dividend Increase #10: Air Products & Chemicals (APD)
Dividend Increase #11: Kinder Morgan (KMI)
Dividend Increase #12: United Parcel Service (UPS)
Dividend Freeze: Realty Income (O)
Expected Dividend Increases for February 2023
Expected Dividend Increase #1: Genuine Parts Company (GPC)
Expected Dividend Increase #2: Home Depot (HD)
Expected Dividend Increase #3: Albemarle (ALB)
Expected Dividend Increase #4: Prudential Financial (PRU)
Expected Dividend Increase #5: L3Harris Technologies (LHX)
Expected Dividend Increase #6: Cisco Systems (CSCO)
Expected Dividend Increase #7: T. Rowe Price Group (TROW)
Expected Dividend Increase #8: Allstate (ALL)
Expected Dividend Increase #9: 3M (MMM)
Expected Dividend Increase #10: Medical Properties Trust (MPW)
Expected Dividend Increase #11: Coca-Cola (KO)
Expected Dividend Increase #12: PepsiCo (PEP)
Expected Dividend Increase #13: Digital Realty Trust (DLR)
Expected Dividend Increase #14: NextEra Energy (NEE)
Already Announced Dividend Increase: Shell (SHEL)
Concluding Thoughts:
Discussion:
Tuesday, January 31, 2023
December 2022 Dividend Income
As I'm writing this blog post, it's hard to believe that the end of the first month of 2023 is already almost upon us. After weeks of warmer than average weather, it is certainly feeling like January again here in Central Wisconsin: The low temperature for today (Friday, January 27, 2023) will be a frigid 8 degrees Fahrenheit.
Earlier this month, I alluded to my net dividend income for December 2022. But let's use this blog post as an opportunity to dig deeper into the figure.
During the month of December 2022, I received $423.00 in net dividends. Compared to the $343.64 in net dividends that I collected in September 2022, this is a 23.1% quarterly growth rate.
Put up against the $353.38 in net dividends that I received in December 2021, my net dividend income surged 19.7% higher over the year-ago period.
Breaking my net dividends down by account, I collected $253.60 in net dividends from 44 stocks in my Robinhood account. My net dividends received from the Capital Income Builder (CAIBX) mutual fund within my retirement portfolio was $153.67 (after including the $10 annual fee charged during the month). I collected $15.25 in net dividends from six stocks in my Webull account. Finally, I received $0.48 in net dividends from 22 stocks within my M1 Finance portfolio.
The $79.36 increase in my net dividends collected from September 2022 to December 2022 was the result of the following activity in my investing accounts:
My net dividends received from Broadcom (AVGO) were $1.50 higher within my Robinhood and Webull portfolios. This was due to the 12.2% hike to the quarterly dividend per share last month.
I collected an extra $0.38 in net dividends from Crown Castle International (CCI) in my Robinhood account, which was the result of a 6.5% boost to the quarterly dividend per share in October.
My net dividends received from Lockheed Martin (LMT) were $0.80 more within my Robinhood and Webull portfolios. This was due to the 7.1% increase in the quarterly dividend per share back in September.
I collected an additional $0.45 in net dividends from Simon Property Group (SPG) in my Robinhood account, which was thanks to the 2.9% lift in the quarterly dividend per share last November.
My net dividends received from Main Street Capital (MAIN) were $0.12 higher within my Robinhood portfolio. This was due to the 2.3% increase in the monthly dividend per share announced in November.
I collected an extra $0.42 in net dividends from McDonald's (MCD) in my Robinhood account, which was the result of the 10.1% raise in the quarterly dividend per share last October.
My net dividends received from Realty Income (O) were an extra $1.00 within my Robinhood portfolio. This was due to my purchase of four more shares in November and the 0.2% dividend increase last month.
I collected an additional $4.40 in net dividends from Coca-Cola (KO) in my Robinhood account, which was because the timing of the dividend payment.
My net dividends received from KeyCorp (KEY) were $0.39 higher within my Robinhood portfolio. That was due to the 5.1% raise in the quarterly dividend per share in November.
I collected an extra $2.56 in net dividends from STAG Industrial (STAG) in my Robinhood account, which was the result of my purchase of 21 shares in October.
My net dividends received from Exxon Mobil (XOM) within my Robinhood and M1 Finance portfolios were $0.34 greater. This was due to the 3.4% raise in the quarterly dividend per share declared in October.
I collected an additional $0.55 in net dividends from American Electric Power (AEP) in my Robinhood account, which was the result of the 6.4% raise announced last October.
My net dividends received from Microsoft (MSFT) were $0.18 higher within my Robinhood portfolio. This was due to the 9.7% dividend hike announced in September.
I collected an extra $0.37 in net dividends from Visa (V) in my Robinhood and Webull accounts, which was the result of the 20% boost to the quarterly dividend per share declared last October.
My net dividends received from Pinnacle West Capital (PNW) within my Robinhood portfolio were $0.11 more. This was due to the 1.8% dividend increase announced in October.
I collected an additional $77.73 in net dividends from my CAIBX mutual fund in my retirement account during the month, which due to a higher share count and the special dividend payment.
My net dividends received from PepsiCo (PEP) were $4.62 less within my Robinhood and M1 Finance portfolios. This was the result of the timing of the dividend payment.
I also collected $7.32 less in net dividends from Digital Realty Trust (DLR) in my Robinhood account, which was due to the dividend payment's timing.
Concluding Thoughts:
As I continue to deploy between $3,000 and $3,500 in capital each month and I receive more dividend hikes from my holdings, my portfolio should really pick up steam in 2023 and beyond. In fact, I anticipate that March 2023 will probably be my final end-of-quarter month with net dividend income under $400.
Discussion:
How was your dividend income last month?
Did you receive any first-time dividends in December 2022?
Thanks for reading and please feel free to comment below!