tag:blogger.com,1999:blog-90139330467675459142024-03-18T17:09:30.398-07:00Kody's DividendsUnlocking financial freedom with dividend growth investingKodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.comBlogger303125tag:blogger.com,1999:blog-9013933046767545914.post-61351306824607501482024-03-12T06:00:00.000-07:002024-03-12T06:00:00.145-07:00Brokerage Transfer/February 2024 Dividend Stock PurchasesAs I'm writing this blog post, it's officially March. The temperature here in Central Wisconsin is a balmy 53 degrees Fahrenheit. Needless to say, that's quite warm for this time of year.<div><br /></div><div>With that in mind, I just wanted to post a brief update on my dividend stock purchases/sales in February 2024.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNpuSheHI2O6LVfY_oGulgRGRDyVE8OR_DeM25iZL-X0mtRjV3jBYnPnbOPDnX2KIQbQl8hjNRsu2c5LcDTiO1-aWmeT20v_c2IQ0iWjnJlrdga-bk8ywcQjZCWedoOxfxpFm6-GGldev3eyClQWQIdFQsKz4cC7tujzmBa6OsoM_xn7NLq19D-p-gUXWM/s1076/Screenshot_20240301-150942_(1).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="307" data-original-width="1076" height="91" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNpuSheHI2O6LVfY_oGulgRGRDyVE8OR_DeM25iZL-X0mtRjV3jBYnPnbOPDnX2KIQbQl8hjNRsu2c5LcDTiO1-aWmeT20v_c2IQ0iWjnJlrdga-bk8ywcQjZCWedoOxfxpFm6-GGldev3eyClQWQIdFQsKz4cC7tujzmBa6OsoM_xn7NLq19D-p-gUXWM/s320/Screenshot_20240301-150942_(1).png" width="320" /></a></div><br /><div style="text-align: left;">As was the case in <a href="https://www.kodysdividends.com/2024/01/january-2024-dividend-stock.html">this series' previous post</a>, I remained busy with improving liquidity in February as well. My emergency fund is a few months beyond my target at this point. However, before I allocate $6,500 to opening an IRA account, I want my liquidity to be built up a bit more. That is why there were no buys during the month.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">This is also why my only transaction during February 2024 was a sale of 0.24 shares of Realty Income (O). This leads me into the primary focus of this post.</div><h3 style="text-align: left;">My Brokerage Account Is Now With Charles Schwab</h3><div>The reason that I sold 0.24 shares of O last month was that I completed the transfer of my Robinhood account to Charles Schwab. I had a fractional share of O that was from its acquisition of Spirit Realty Capital (SRC) that closed in January. Any fractional shares of stock were sold off by Robinhood in the process of the account transfer. Since this was my only fractional share holding, that was my only sale in February.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">There was nothing personal in my decision to transfer from Robinhood to CS. I'll always be grateful for Robinhood in playing a role in the start of my investing journey. I just appreciated that CS is a much more established player than Robinhood in terms of years of business and assets under management.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">As I alluded to in my <a href="https://www.kodysdividends.com/2024/02/march-2024-dividend-stock-watch-list.html">March 2024 Dividend Stock Watch List</a>, I look forward to again becoming a net buyer of equities later this month.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">Have you ever switched brokers?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">If so, what was the reasoning?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-81224089341893140212024-03-05T06:00:00.000-08:002024-03-09T10:45:48.171-08:00February 2024 Dividend Income<div>As I'm writing this blog post, it is Saturday, February 24. The temperature here in Central Wisconsin remains quite warm, with the high temperature expected to reach 34 degrees Fahrenheit today.</div><div><br /></div><div>With that aside, I am going to highlight my net dividend income for February 2024.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv9WE-2XXNb_Hegw7V_4JeJUkxDcjFQxSomozbLZuPr_CSWMJqCUqjbtr8mh8RlqaQLhKawRkizl_yw4pby10b2siDCL0lrXYPOnO3nMV5NuLvXI7cdw9Amph5gn_vNyjDm7YxGf0F0dx5q0MkfujzSZZyFdWBSkf34UqynTE1vupO_s7FLnOR_H8tSUxE/s1940/Screenshot_20240224-102253~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1940" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv9WE-2XXNb_Hegw7V_4JeJUkxDcjFQxSomozbLZuPr_CSWMJqCUqjbtr8mh8RlqaQLhKawRkizl_yw4pby10b2siDCL0lrXYPOnO3nMV5NuLvXI7cdw9Amph5gn_vNyjDm7YxGf0F0dx5q0MkfujzSZZyFdWBSkf34UqynTE1vupO_s7FLnOR_H8tSUxE/w223-h400/Screenshot_20240224-102253~2.png" width="223" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpKWkW6BsTGN0a4LfmhmVQ5R84qbjGlg_MuCSiB-iwHNPZ3er_Ou0RYjUfltA4zb7hm_-m2JG6AAIUZpPzbWAe6T5Gj46pX1oaX_huVBQZIckQuIVYGQGhS7kv83_uEfiiF22BkYlvjQysvdC2t0LaCQaSZQ86PnNb0cW8seHGQyZZizo4lHIdwFlbkWxR/s2004/Screenshot_20240224-102300~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2004" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpKWkW6BsTGN0a4LfmhmVQ5R84qbjGlg_MuCSiB-iwHNPZ3er_Ou0RYjUfltA4zb7hm_-m2JG6AAIUZpPzbWAe6T5Gj46pX1oaX_huVBQZIckQuIVYGQGhS7kv83_uEfiiF22BkYlvjQysvdC2t0LaCQaSZQ86PnNb0cW8seHGQyZZizo4lHIdwFlbkWxR/w215-h400/Screenshot_20240224-102300~2.png" width="215" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwy4ye-VJtKLJLjqBCbp58oAROdd4Gmlkbu-i_KunlJHSQM7RvkwuIjqLdPFQ0zJFlP2OPCDPkd67jPdlxvAwC5fX8rGB8ioIzkTwhXxe08viTBSd-2M6Cvwku6VTg3LXnKi7rUN1i_xe61EUcdLpOLZZ7a24-qvmVuVy7y7BI5ehfIAs_9LNQF7q3U7FN/s2000/Screenshot_20240224-102307~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwy4ye-VJtKLJLjqBCbp58oAROdd4Gmlkbu-i_KunlJHSQM7RvkwuIjqLdPFQ0zJFlP2OPCDPkd67jPdlxvAwC5fX8rGB8ioIzkTwhXxe08viTBSd-2M6Cvwku6VTg3LXnKi7rUN1i_xe61EUcdLpOLZZ7a24-qvmVuVy7y7BI5ehfIAs_9LNQF7q3U7FN/w216-h400/Screenshot_20240224-102307~2.png" width="216" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdRoVyW7S9hGDPUUGbKslkCUVXzYcLXztAL0DPSrOnpEOVmEXXP3DlsIUdugsFx-JxMsa1QN08_f_h5HGlXehI38WVTpKJadsHL_1-1qsXUk_t7ws2h86Nkx_hzWhxEpZIp86ZNaFo-9kJr_IEDrh4BwPuTUUjOHF6LWIN6dVaZOwatgn2enU9hO-ctsRp/s1080/Screenshot_20240224-102439~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="848" data-original-width="1080" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdRoVyW7S9hGDPUUGbKslkCUVXzYcLXztAL0DPSrOnpEOVmEXXP3DlsIUdugsFx-JxMsa1QN08_f_h5HGlXehI38WVTpKJadsHL_1-1qsXUk_t7ws2h86Nkx_hzWhxEpZIp86ZNaFo-9kJr_IEDrh4BwPuTUUjOHF6LWIN6dVaZOwatgn2enU9hO-ctsRp/w320-h251/Screenshot_20240224-102439~2.png" width="320" /></a></div><br /><div style="text-align: left;">In February 2024, I received $351.91 in net dividends. That works out to a 7.4% growth rate over the $327.57 in net dividends that I collected in <a href="https://www.kodysdividends.com/2023/12/november-2023-dividend-income.html">November 2023</a>.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends were 41.9% higher versus the $248.08 in net dividends that I received in <a href="https://www.kodysdividends.com/2023/03/february-2023-dividend-income.html">February 2023</a>.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Digging into detail, I collected $335.97 from 29 companies in my Robinhood account. My net dividends received within my Webull portfolio were $15.57 from three companies (inclusive of $0.06 of ADR fees for British American Tobacco). Finally, I collected $0.37 in net dividends from 15 companies in my M1 Finance account.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">The net dividends that I received from November 2023 to February 2024 rose by $24.34, which was the result of the following activity in my portfolio:</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends received from Medifast (MED) in my Robinhood account were $11.55 less, which was the result of my sale in <a href="https://www.kodysdividends.com/2024/01/december-2023-dividend-stock-purchases.html">December</a>.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I collected $8.13 less from United Parcel Service (UPS) within my Robinhood and M1 Finance portfolios. That was due to the timing of the dividend payment.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I also received $3.66 less in net dividends from TJX Companies (TJX) in my Robinhood account, which was the result of the dividend payment timing.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $0.22 in net distributions from Energy Transfer (ET) in my Robinhood and Webull portfolios, which was the result of the <a href="https://www.kodysdividends.com/2024/02/expected-dividend-increases-for.html">0.8% raise</a> in the quarterly distribution per unit to $0.315.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from Main Street Capital (MAIN) grew by $0.15 within my Robinhood account. This was due to the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for.html">2.1% bump</a> in its monthly dividend per share to $0.24.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $3.93 in net dividends from Realty Income (O) in my Robinhood portfolio. That was the result of my higher share count associated with the shares I received related to the Spirit Realty Capital acquisition.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from STAG Industrial (STAG) were $0.02 higher within my Robinhood account, which was due to the 0.7% increase in its monthly dividend per share to $0.1233.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $0.36 in net dividends from Alliant Energy (LNT) in my Robinhood portfolio. That was the result of the 6.1% raise in the quarterly dividend per share to $0.48.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from AbbVie (ABBV) were $0.98 higher within my Robinhood account, which was due to the <a href="https://www.kodysdividends.com/2023/10/expected-dividend-increases-for.html">4.7% increase</a> in the quarterly dividend per share to $1.55.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $0.24 in net dividends from Abbott Laboratories (ABT) in my Robinhood portfolio. That was the result of the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for-january.html">7.8% raise</a> in the quarterly dividend per share to $0.55.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from ONEOK (OKE) were $1.19 higher within my Robinhood account, which was due to the 3.7% increase in the quarterly dividend per share to $0.99.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $0.79 in net distributions from Enterprise Products Partners (EPD) in my Robinhood and Webull portfolios. That was the result of the 3% raise in the quarterly distribution per unit to $0.515.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net distributions collected from MPLX LP (MPLX) were $27.20 higher within my Robinhood account, which was due to my purchases in <a href="https://www.kodysdividends.com/2023/12/november-2023-dividend-stock-purchases.html">November</a> and December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $0.48 in net dividends from British American Tobacco (BTI) in my Robinhood portfolio.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from Bristol-Myers Squibb (BMY) were $0.66 higher within my Robinhood account. That was the result of the 5.3% raise in the quarterly dividend per share to $0.60.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $10.20 in net dividends from American Tower (AMT) in my Robinhood portfolio, which was due to the timing of the dividend payment and the 5.6% raise in the quarterly dividend per share to $1.70.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from CVS Health (CVS) were $0.90 higher within my Robinhood account. That was the result of the 9.9% raise in the quarterly dividend per share to $0.665.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $0.36 in net dividends from Mastercard (MA) in my Robinhood portfolio, which was due to the 15.8% boost in the quarterly dividend per share to $0.66.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">February 2024 was the first middle of the month quarter that my net dividend income surpassed $350. As I resume investing soon, reinvest dividends, and receive dividend raises, this should hopefully continue to grow over time.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your February 2024 for dividend income?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you receive any first-time distributions/dividends as I did with MPLX?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for your readership and please leave your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-44246040926158566572024-02-27T06:00:00.000-08:002024-03-09T10:45:47.771-08:00Expected Dividend Increases for March 2024As I'm writing this blog post, it is Friday, February 16th. The high temperatures here in Central Wisconsin are expected to reach into the 40s over the next week. Needless to say, that's a heat wave for this time of year!<div><br /></div><div>With that said, I have received my dividend raises that I anticipated for the month. Thus, I will be discussing those and looking ahead to the next month of dividend raises that I am predicting.</div><h3 style="text-align: left;">Actual Dividend Increases for February 2024</h3><h3 style="text-align: left;">Dividend Increase #1: Shell (SHEL)</h3><div>Shell announced a 3.9% increase in its quarterly dividend per share to $0.688.</div><div><br /></div><div>Across my nine shares of SHEL, my net annual forward dividends rose by $0.936 due to this announcement.</div><h3 style="text-align: left;">Dividend Increase #2: Simon Property Group (SPG)</h3><div>Simon Property Group declared a 2.6% raise in its quarterly dividend per share to $1.95.</div><div><br /></div><div>My net annual forward dividends climbed by $1.80 across my nine shares of SPG from this declaration.</div><h3 style="text-align: left;">Dividend Increase #3: Prudential Financial (PRU)</h3><div>Prudential Financial announced a 4% bump in its quarterly dividend per share to $1.30, which was in line with my prediction in the <a href="https://www.kodysdividends.com/2024/02/expected-dividend-increases-for.html">previous post of this series</a>.</div><div><br /></div><div>Across my 10 shares of PRU, my net annual forward dividends grew by $2 due to this announcement.</div><h3 style="text-align: left;">Dividend Increase #4: Tractor Supply (TSCO)</h3><div>Tractor Supply declared a 6.8% raise in its quarterly dividend per share to $1.10. This was slightly below my expectation of $1.12.</div><div><br /></div><div>My net annual forward dividends increased by $1.40 across my five shares of TSCO from this declaration.</div><h3 style="text-align: left;">Dividend Increase #5: Brookfield Asset Management (BAM)</h3><div>Brookfield Asset Management announced an 18.8% boost in its quarterly dividend per share to $0.38. That was better than the $0.36 that I predicted.</div><div><br /></div><div>Across my 30 shares of BAM, my net annual forward dividends climbed higher by $7.20 due to this announcement.</div><h3 style="text-align: left;">Dividend Increase #6: Hershey (HSY)</h3><div>Hershey declared a 14.9% hike in its quarterly dividend per share to $1.37.</div><div><br /></div><div>My net annual forward dividends grew by $3.56 across my five shares of HSY from this declaration.</div><h3 style="text-align: left;">Dividend Increase #7: PepsiCo (PEP)</h3><div>PepsiCo announced a 7.1% raise in its quarterly dividend per share to $1.355. This was just below my forecast of $1.365.</div><div><br /></div><div>Across my six shares of PEP, my net annual forward dividends rose by $2.16 due to this announcement.</div><h3 style="text-align: left;">Dividend Increase #8: Cisco Systems (CSCO)</h3><div>Cisco Systems declared a 2.6% increase in its quarterly dividend per share to $0.40, which was what I projected.</div><div><br /></div><div>My net annual forward dividends grew by $0.88 across my 22 shares of CSCO from this declaration.</div><h3 style="text-align: left;">Dividend Increase #9: Coca-Cola (KO)</h3><div>Coca-Cola announced a 5.4% raise in its quarterly dividend per share to $0.485. That was just ahead of the $0.48 that I predicted.</div><div><br /></div><div>Across my 10 shares of KO, my net annual forward dividends increased by $1 due to this announcement.</div><h3 style="text-align: left;">Dividend Increase #10: Genuine Parts Company (GPC)</h3><div>Genuine Parts Company declared a 5.3% bump in its quarterly dividend per share to $1, which was below the $1.01 that I anticipated.</div><div><br /></div><div>My net annual forward dividends edged higher by $1.20 across my six shares of GPC from this declaration.</div><h3 style="text-align: left;">Dividend Increase #11: NextEra Energy (NEE)</h3><div>NextEra Energy announced a 10.2% boost in its quarterly dividend per share to $0.515. That was in line with my prediction.</div><div><br /></div><div>Across my 13 shares of NEE, my net annual forward dividends grew by $2.47 due to this announcement.</div><div><h3>Dividend Increase #12: The Home Depot (HD)</h3></div><div><div>The Home Depot hasn't declared its next quarterly dividend, but I'm reiterating my forecast of a 5.7% increase to $2.21.</div><div><br /></div><div>My net annual forward dividends would grow by $2.40 across my five shares from such a declaration.</div></div><div><br /></div><div>UPDATE: HD declared a 7.7% raise in its quarterly dividend per share to $2.25. My net annual forward dividends grew by $3.20 as a result across my five shares.</div><h3 style="text-align: left;">Dividend Increase #13: Allstate (ALL)</h3><div><div>Allstate hasn't announced its next quarterly dividend. However, I'm standing by my prediction of a 5.6% raise to $0.94.</div><div><br /></div><div>Across my five shares, my net annual forward dividends would rise by $1 due to such an announcement.</div></div><div><br /></div><div>UPDATE: ALL announced a 3.4% raise in its quarterly dividend per share to $0.92. Across my five shares, that was an extra $0.60 in net annual forward dividends.</div><h3 style="text-align: left;">Dividend Increase #14: L3Harris Technologies (LHX)</h3><div><div>L3Harris Technologies hasn't announced its next quarterly dividend. Yet, I believe that it will be upped by 4.4% to $1.19.</div><div><br /></div><div>Across my four shares of LHX, my net annual forward dividends would increase by $0.80 due to such an announcement.</div></div><div><br /></div><div>UPDATE: LHX announced a 1.8% increase in its quarterly dividend per share to $1.16. My net annual forward dividends grew by $0.32 across my four shares.</div><h3 style="text-align: left;">Dividend Freeze: Albemarle (ALB)</h3><div>Albemarle hasn't yet declared its next quarterly dividend. But I am maintaining my expectation of a 1.3% raise to $0.405.</div><div><br /></div><div>My net annual forward dividends would increase by $0.16 across my eight shares from such a declaration.</div><div><br /></div><div>UPDATE: Albemarle kept its quarterly dividend per share at $0.40. Given its capex situation and industry headwinds, I don't necessarily blame the company for doing so.</div><h3 style="text-align: left;">Expected Dividend Increases for March 2024</h3><h3 style="text-align: left;">Expected Dividend Increase #1: Dollar General (DG)</h3><div>My best guess is that Dollar General will declare a 6.8% increase in its quarterly dividend per share to $0.63.</div><div><br /></div><div>My net annual forward dividends would grow by $0.64 across my four shares if such a declaration plays out.</div><h3 style="text-align: left;">Expected Dividend Increase #2: General Dynamics (GD)</h3><div>I believe that General Dynamics will announce a 6.1% raise in its quarterly dividend per share to $1.40.</div><div><br /></div><div>Across my six shares of GD, my net annual forward dividends would rise by $1.92 from such an announcement.</div><h3 style="text-align: left;">Expected Dividend Increase #3: Realty Income (O)</h3><div>I am predicting that Realty Income will declare a 0.2% increase in its monthly dividend per share to $0.257.</div><div><br /></div><div>My net annual forward dividends would edge higher by $0.234 across my 39 shares of O if such a declaration pans out.</div><h3 style="text-align: left;">Expected Dividend Increase #4: TJX Companies (TJX)</h3><div>My best guess is that TJX Companies will announce an 11.3% hike in its quarterly dividend per share to $0.37.</div><div><br /></div><div>Across my 11 shares of TJX, my net annual forward dividends would rise by $1.65 from such an announcement.</div><h3 style="text-align: left;">Expected Dividend Increase #5: Williams-Sonoma (WSM)</h3><div>I believe that Williams-Sonoma will declare a 6.7% bump in its quarterly dividend per share to $0.96.</div><div><br /></div><div>My net annual forward dividends would grow by $2.40 across my 10 shares of WSM if such a declaration occurs.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>With no anticipated announcements remaining, my net annual forward dividends grew by $28.726 in February 2024. That would be equivalent to investing $957.53 in capital at a 3% weighted average dividend yield.</div><div><br /></div><div>If the five raises that I'm expecting materialize in March, my net annual forward dividends would grow by $6.844. This would be similar to investing $228.13 in capital at a 3% net dividend yield.</div><h3 style="text-align: left;">Discussion:</h3><div>How was your February 2024 for dividend hikes?</div><div><br /></div><div>Did you receive any first-time payout increases for the month?</div><div><br /></div><div>I appreciate your readership and look forward to your comments!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-76101437689813218372024-02-20T06:00:00.000-08:002024-03-09T10:45:48.139-08:00March 2024 Dividend Stock Watch ListAs I'm writing this blog post, Valentine's Day is just two days away. The weather here in Central Wisconsin has remained unusually warm, with the high temperature today reaching 45 degrees Fahrenheit. That's well above the average high of 30 degrees Fahrenheit for the month of February, so I'm very happy to have such warm weather.<div><br /></div><div>Now that I have largely built up my liquidity to my preferences, I am tentatively planning on being a buyer of equities in March with my own capital. Without further ado, please allow me to briefly discuss a few of the stocks on my watch list heading into next month.</div><div><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkYhX-EeT7ULrm5446FvEV1N62HWPoAXB44eTl4XD6fefApI_xgjXyy4a3ab7ZOjajJsFGxHpMGqgiGYJsDvjhn9eyanL45hyJnaVU6RP4JSwccmCPhhdLQZHlif6Z8GoctCfX-JRSqpapms7gNvJl09_FGZlwqriHMIIJuTXV_I4SBOx1vSUX7FaQTM0g/s2250/pexels-photo-3483098.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1500" data-original-width="2250" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkYhX-EeT7ULrm5446FvEV1N62HWPoAXB44eTl4XD6fefApI_xgjXyy4a3ab7ZOjajJsFGxHpMGqgiGYJsDvjhn9eyanL45hyJnaVU6RP4JSwccmCPhhdLQZHlif6Z8GoctCfX-JRSqpapms7gNvJl09_FGZlwqriHMIIJuTXV_I4SBOx1vSUX7FaQTM0g/s320/pexels-photo-3483098.jpeg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div></div>Image Source: <a href="https://www.pexels.com/photo/100-us-dollar-banknotes-3483098/">Pexels</a><h3 style="text-align: left;">Dividend Stock #1: Agree Realty (ADC)</h3><div style="text-align: left;">The first dividend stock on my watch list for March 2024 is Agree Realty (ADC). Readers can check out my <a href="https://seekingalpha.com/article/4657788-agree-realty-a-5-percent-yielding-monthly-dividend-payer-on-my-radar">Seeking Alpha article</a> from December for the in-depth investment thesis.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">The gist of it is that I'm very impressed with CEO Joey Agree's knowledge base and transparency. ADC's ~5% dividend yield is well-covered and I believe can keep growing by around 4% to 5% annually. That's an attractive combination of starting income and growth potential. Lastly, shares could be worth well into the $70 range, suggesting sizable undervaluation at the current $58 share price. Therefore, I want to open a position in ADC.</div><h3 style="text-align: left;">Dividend Stock #2: Automatic Data Processing (ADP)</h3><div style="text-align: left;">Next up on my watch list for next month is Automatic Data Processing (ADP). Curious readers can find my detailed investment thesis in my <a href="https://seekingalpha.com/article/4667344-automatic-data-processing-buying-more-of-this-amazing-dividend-aristocrat">recent Seeking Alpha article</a>.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">ADP's 2.2% dividend yield isn't flashy, but its payout ratio is reasonable. The company's growth prospects are also quite strong. Lastly, shares are slightly discounted at the present $250 share price. Thus, why I want to add to my position.</div><h3 style="text-align: left;">Dividend Stock #3: Enbridge (ENB)</h3><div style="text-align: left;">Last but not least on my watch list for March 2024 is Enbridge (ENB). Intrigued readers can check out my more specific investment thesis outlined in my <a href="https://seekingalpha.com/article/4657208-enbridge-is-it-too-late-to-buy-8-percent-yielding-dividend-aristocrat">Seeking Alpha article</a> from December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Like ADC and ADP, ENB's 7.8% dividend yield appears to be safely covered. Combined with modest growth prospects and a discounted valuation from the current $35 share price, this is why I am interested in opening a position.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">I'm excited to have the opportunity to be a net buyer of dividend stocks for the first time since <a href="https://www.kodysdividends.com/2023/08/august-2023-dividend-stock-purchases.html">August 2023</a>. Along with a few other stocks that are on my watch list, I believe my targeted adds are very high-quality companies.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">Are any of the noted stocks on your watch list for March 2024?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">If not, what stocks are on your radar for next month?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">As always, I'm grateful for your readership and welcome your comments below!</div></div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-34551266204186461532024-02-12T06:00:00.000-08:002024-03-09T10:45:47.752-08:00January 2024 Dividend Income<div>As I'm writing this blog post, it is February 5th. Yet, the temperature here in Central Wisconsin is 49 degrees Fahrenheit. Suffice it to say, that's very warm weather for this time of the year. Better yet, the temperatures are expected to stay around or above freezing here for at least the next week.</div><div><br /></div><div>With that in mind, I will discuss my net dividend income for January 2024. Without further ado, let's dig into it!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHRPxwddwb-acS1y9rsF_1TbYZYxi5bcU2Xjgl1v8Z4jSRwOJu6TuouyGCiMOJZwx_lLZIZGk9yA06Niigs5WKsaeUiJ8LqLehE9baytCrzdoDBFAnxP8IgdbBzHPfXFAT8cbMehoLfXYFoisxr9QhWIvlY4ZPCHWQeEBEs3WG-FWczaD877lsp4i9MUNX/s1940/Screenshot_20240205-131554~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1940" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHRPxwddwb-acS1y9rsF_1TbYZYxi5bcU2Xjgl1v8Z4jSRwOJu6TuouyGCiMOJZwx_lLZIZGk9yA06Niigs5WKsaeUiJ8LqLehE9baytCrzdoDBFAnxP8IgdbBzHPfXFAT8cbMehoLfXYFoisxr9QhWIvlY4ZPCHWQeEBEs3WG-FWczaD877lsp4i9MUNX/w223-h400/Screenshot_20240205-131554~2.png" width="223" /></a></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDWCHnazW0RI4UHQJpQjXfJ5-V8z-6_SGi33hu05H0aKR42cUmFvCifvH5WnTQkBBQpnfB6RM2ph0YJYPDmTOj1ZBijUEAwdpL4sC0ayD-X3chlwM3UNWSmCcXwmjpTw39UlLANavnLWx3VuVVWpYgVb6m5UWMILSh5DFWSdblsInpaer4-n1Eu1Ly_Pqf/s2038/Screenshot_20240205-131604~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2038" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDWCHnazW0RI4UHQJpQjXfJ5-V8z-6_SGi33hu05H0aKR42cUmFvCifvH5WnTQkBBQpnfB6RM2ph0YJYPDmTOj1ZBijUEAwdpL4sC0ayD-X3chlwM3UNWSmCcXwmjpTw39UlLANavnLWx3VuVVWpYgVb6m5UWMILSh5DFWSdblsInpaer4-n1Eu1Ly_Pqf/w213-h400/Screenshot_20240205-131604~2.png" width="213" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9oiYZRNULE39FIsWpsBCA97LYJeqpUFvZDDNg7r66wQu8sEd_x-TwWw0gAcIcZ95B9lxBR70RIQlbC5U-dry1uFQSmL2D6jFHLshpx68K_yEjysUpCC2Y-zkrr8NituoCbQTCpI8mtm2C-_UY6poxcjBSGocS-OJdsVuiTxB_avrrps3BZEZrSd3EwOd7/s1800/Screenshot_20240205-131611~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1800" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9oiYZRNULE39FIsWpsBCA97LYJeqpUFvZDDNg7r66wQu8sEd_x-TwWw0gAcIcZ95B9lxBR70RIQlbC5U-dry1uFQSmL2D6jFHLshpx68K_yEjysUpCC2Y-zkrr8NituoCbQTCpI8mtm2C-_UY6poxcjBSGocS-OJdsVuiTxB_avrrps3BZEZrSd3EwOd7/w240-h400/Screenshot_20240205-131611~2.png" width="240" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDWUfx5jn4C35vB2VdiymoWV2UcTxcRRmJ20Tpuflpg2C3xXEnXlvgfkdYs4_wAzg1C56CGkjFdLhXG_As4qVlBMhSsgiYF0Vl8yOZNkewZlNORjQOjA5XW9Z7UpjfFqnoZctS0m91DMmlmjxcPcePMmkqTlbaWO20OTkXApnVCyz0_llhvblF-OLHQad0/s1080/Screenshot_20240205-131705~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1041" data-original-width="1080" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDWUfx5jn4C35vB2VdiymoWV2UcTxcRRmJ20Tpuflpg2C3xXEnXlvgfkdYs4_wAzg1C56CGkjFdLhXG_As4qVlBMhSsgiYF0Vl8yOZNkewZlNORjQOjA5XW9Z7UpjfFqnoZctS0m91DMmlmjxcPcePMmkqTlbaWO20OTkXApnVCyz0_llhvblF-OLHQad0/w200-h193/Screenshot_20240205-131705~2.png" width="200" /></a></div><br /><div style="text-align: left;">In January 2024, I received $265.76 in net dividends (disregarding the $5.25 payment from Broadcom that Webull indicates was paid on 1/2 when it was paid by the company on 12/29). That was 5.9% less than the $282.51 in net dividends that I collected in <a href="https://www.kodysdividends.com/2023/11/october-2023-dividend-income.html">October 2023</a>. But when adjusting for my sales of W.P. Carey (WPC) in <a href="https://www.kodysdividends.com/2023/11/october-2023-dividend-stock-purchases.html">October 2023</a> and Medical Properties Trust (MPW) in <a href="https://www.kodysdividends.com/2023/12/november-2023-dividend-stock-purchases.html">November 2023</a>, my net dividends were up 3%.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Against the $220.01 in net dividends received in <a href="https://www.kodysdividends.com/2023/02/january-2023-dividend-income.html">January 2023</a>, this works out to a 20.8% year-over-year growth rate. When adjusting for the sales of WPC and MPW, my net dividends were higher by 28.5%.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Digging deeper, I collected $255.30 in net dividends from 28 companies within my Robinhood account. The $10.24 received in net dividends in my Webull portfolio were paid by five companies. Finally, I collected $0.22 in net dividends from nine companies within my M1 Finance account.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends from Digital Realty Trust (DLR) in my Robinhood account were $12.20 more because of the timing of its dividend payment.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $0.26 from U.S. Bancorp (USB) within my Robinhood portfolio, which was due to the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for-january.html">2.1% increase</a> in the dividend announced in December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from Innovative Industrial Properties (IIPR) were $0.12 higher in my Robinhood account as a result of the 1.1% bump in the dividend declared in December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $0.15 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio. That was due to the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for.html">2.1% raise</a> in the monthly dividend announced in November.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from Realty Income (O) in my Robinhood account were $0.02 greater because of the 0.2% increase in the monthly dividend declared in December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $0.16 in net dividends from GSK plc (GSK) within my Robinhood portfolio, which was due to the variability of the dividend payment.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from Merck (MRK) were $0.44 higher in my Robinhood account. That was because of the 5.5% raise in the dividend announced in November.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an additional $0.14 in net dividends from Eastman Chemical (EMN) within my Robinhood portfolio, which was due to the 2.5% increase in the dividend declared in December.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from PepsiCo (PEP) were $7.62 higher in my Robinhood and M1 Finance accounts. That was thanks to the timing of the dividend payment.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received an extra $1.05 in net dividends from Automatic Data Processing (ADP) within my Robinhood portfolio, which was the result of the 12% dividend hike announced in November.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from MPW in my Robinhood account were reduced by $9.60 due to my aforementioned sale.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received $14.99 less in net dividends from WPC within my Robinhood portfolio, which was a result of my aforementioned sale.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net dividends collected from American Tower (AMT) were $9.72 less in my Robinhood account. That was due to the timing of the dividend payment.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received $4.60 less in net dividends from Coca-Cola (KO) within my Robinhood portfolio, which was also the result of the timing of the dividend payment.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your January 2024 for dividend income?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you receive first-time dividends in your portfolio last month?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I appreciate your readership and welcome your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-20894544888526642102024-02-06T06:00:00.000-08:002024-03-09T10:45:47.486-08:00Expected Dividend Increases For February 2024<p>As I'm writing this blog post, it is January 30th. If it weren't for a look at the calendar, I would think that it's already March! The temperature here in Central Wisconsin is currently 38 degrees Fahrenheit. For at least the next week, high temperatures will remain in the high-30 to mid-40 degrees Fahrenheit range.</p><p>With this in mind, the end of January means that it is time to look at my dividend raises received during the month. I will also look ahead to the raises that I anticipate for February 2024. Without further ado, let's dive into it!</p><h3 style="text-align: left;">Actual Dividend Increases For January 2024</h3><h3 style="text-align: left;">Dividend Increase #1: STAG Industrial (STAG)</h3><p>STAG Industrial declared a 0.7% bump in its monthly dividend per share to $0.1233.</p><p>Across my 21 shares of STAG, this declaration lifted my net annual forward dividends higher by $0.2016.</p><h3 style="text-align: left;">Dividend Increase #2: BlackRock (BLK)</h3><p>BlackRock announced a 2% increase in its quarterly dividend per share to $5.10. This was in line with what I predicted in the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for-january.html">previous post</a> of this series.</p><p>My net annual forward dividends rose by $0.80 across my two shares of BLK as a result of this announcement.</p><h3 style="text-align: left;">Dividend Increase #3: Alliant Energy (LNT)</h3><p>Alliant Energy declared a 6.1% raise in its quarterly dividend per share to $0.48, which was what I anticipated.</p><p>Across my 13 shares of LNT, my net annual forward dividends grew by $1.43 due to this declaration.</p><h3 style="text-align: left;">Dividend Increase #4: ONEOK (OKE)</h3><p>ONEOK announced a 3.7% bump in its quarterly dividend per share to $0.99. This was better than the $0.975 that I expected.</p><p>My net annual forward dividends were lifted by $4.76 across my 34 shares of OKE from this announcement.</p><h3 style="text-align: left;">Dividend Increase #5: Kimberly Clark (KMB)</h3><div>Kimberly Clark declared a 3.4% increase in its quarterly dividend per share to $1.22, which was what I predicted.</div><div><br /></div><div>Across my four shares of KMB, my net annual forward dividends rose by $0.64 due to this declaration.</div><h3 style="text-align: left;">Dividend Increase #6: Air Products & Chemicals (APD)</h3><p>Air Products & Chemicals announced a 1.1% raise in its quarterly dividend per share to $1.77. This was much less than the $1.89 that I anticipated. But I think that the conservative raise was the right move as APD focuses on major projects to fuel robust future growth.</p><p>My net annual forward dividends grew by $0.40 across my five shares of APD from this announcement.</p><h3 style="text-align: left;">Dividend Increase #7: Comcast (CMCSA)</h3><p>Comcast declared a 6.9% hike in its quarterly dividend per share to $0.31, which was what I expected.</p><p>Across my 39 shares of CMCSA, my net annual forward dividends were lifted by $3.12 due to this declaration.</p><h3 style="text-align: left;">Distribution Increase #8: Energy Transfer (ET)</h3><p>Energy Transfer announced a 0.8% bump in its quarterly distribution per unit to $0.315. This was in line with my prediction.</p><p>My net annual forward distributions rose by $0.86 across my 86 units of ET from this announcement.</p><h3 style="text-align: left;">Distribution Increase #9: Enterprise Products Partners (EPD)</h3><p>Enterprise Products Partners declared a 3% increase in its quarterly distribution per unit to $0.515, which was ahead of the $0.51 that I anticipated.</p><p>Across my 52 units of EPD, my net annual forward distributions grew by $3.12 due to this declaration.</p><h3 style="text-align: left;">Dividend Increase #10: United Parcel Service (UPS)</h3><p>United Parcel Service announced a 0.6% raise in its quarterly dividend per share to $1.63.</p><p>My net annual forward dividends were lifted by $0.20 across my five shares of UPS from this announcement.</p><h3 style="text-align: left;">Dividend Increase #11: T. Rowe Price Group (TROW)</h3><p>T. Rowe Price Group declared a 1.6% bump in its quarterly dividend per share to $1.24.</p><p>Across my six shares of TROW, my net annual forward dividends rose by $0.48 due to this declaration.</p><h3 style="text-align: left;">Dividend Increase #12: WEC Energy Group (WEC)</h3><p>Recently, WEC Energy Group made a 7.1% hike in its quarterly dividend per share to $0.835 official. This topped my expectation of $0.8325.</p><p>My net annual forward dividends grew by $2.64 across my 12 shares of WEC from this announcement.</p><h3 style="text-align: left;">Expected Dividend Increases For February 2024</h3><h3 style="text-align: left;">Expected Dividend Increase #1: Albemarle (ALB)</h3><p>The first dividend increase that I anticipate for next month will be from Albemarle. My best guess is that ALB will declare a 1.3% raise in its quarterly dividend per share to $0.405.</p><p>Across my eight shares of ALB, my net annual forward dividends would be lifted by $0.16 if such a declaration plays out.</p><h3 style="text-align: left;">Expected Dividend Increase #2: Allstate (ALL)</h3><p>The next payout hike that I predict for February is from Allstate. I anticipate that ALL will announce a 5.6% boost in its quarterly dividend per share to $0.94.</p><p>My net annual forward dividends would rise by $1 across my five shares of ALL from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #3: Brookfield Asset Management (BAM)</h3><p>The third dividend hike that I forecast for next month will be from Brookfield Asset Management. I believe that BAM will declare a 12.5% lift in its quarterly dividend per share to $0.36.</p><p>Across my 30 shares of BAM, my net annual forward dividends would grow by $4.80 if this declaration happens.</p><h3 style="text-align: left;">Expected Dividend Increase #4: Cisco Systems (CSCO)</h3><p>The next dividend increase that I'm expecting for February is from Cisco Systems. My best guess is that CSCO will announce a 2.6% bump in its quarterly dividend per share to $0.40.</p><p>My net annual forward dividends would be lifted by $0.88 across my 22 shares of CSCO from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #5: Genuine Parts Company (GPC)</h3><p>The fifth payout boost that I predict for next month will be from Genuine Parts Company. I anticipate that GPC will declare a 6.3% raise in its quarterly dividend per share to $1.01.</p><p>Across my six shares of GPC, my net annual forward dividends would rise by $1.44 if this declaration occurs.</p><h3 style="text-align: left;">Expected Dividend Increase #6: Home Depot (HD)</h3><p>The next dividend raise that I'm forecasting for February is from Home Depot. I believe that HD will up its quarterly dividend per share by 5.7% to $2.21.</p><p>My net annual forward dividends would grow by $2.40 across my five shares from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #7: Coca-Cola (KO)</h3><p>The seventh dividend increase that I anticipate for next month will be from Coca-Cola. My best guess is that KO will declare a 4.3% bump in its quarterly dividend per share to $0.48.</p><p>Across my 10 shares of KO, my net annual forward dividends would be lifted by $0.80 if this declaration happens.</p><h3 style="text-align: left;">Expected Dividend Increase #8: L3Harris Technologies (LHX)</h3><p>The next dividend raise that I'm predicting for February is from L3Harris Technologies. I anticipate that LHX will up its quarterly dividend per share by 4.4% to $1.19.</p><p>My net annual forward dividends would rise by $0.80 across my four shares of LHX from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #9: NextEra Energy (NEE)</h3><p>The ninth dividend boost that I forecast for next month will be from NextEra Energy. I believe that NEE will declare a 10.2% hike in its quarterly dividend per share to $0.515.</p><p>Across my 13 shares of NEE, my net annual forward dividends would grow by $2.47 if this declaration plays out.</p><h3 style="text-align: left;">Expected Dividend Increase #10: PepsiCo (PEP)</h3><p>The next dividend raise that I anticipate for February is from PepsiCo. My best guess it that PEP will announce a 7.9% increase in its quarterly dividend per share to $1.365.</p><p>My net annual forward dividends would be lifted by $2.40 across my six shares of PEP from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #11: Prudential Financial (PRU)</h3><p>The eleventh dividend increase that I'm predicting for next month will be from Prudential Financial. I anticipate that PRU will declare a 4% raise in its quarterly dividend per share to $1.30.</p><p>Across my 10 shares of PRU, my net annual forward dividends would rise by $2 if this declaration occurs.</p><h3 style="text-align: left;">Expected Dividend Increase #12: Tractor Supply (TSCO)</h3><p>The final dividend boost that I forecast for February is from Tractor Supply. I believe that TSCO will announce an 8.7% raise in its quarterly dividend per share to $1.12.</p><p>My net annual forward dividends would grow by $1.80 across my five shares of TSCO from such an announcement.</p><h3 style="text-align: left;">Concluding Thoughts:</h3><p>The 12 dividend raises that I received in January boosted my net annual forward dividends by $18.6516. That would be equivalent to investing $621.72 in fresh capital at a 3% weighted average net dividend yield.</p><p>If the dozen raises that I am expecting in February play out as anticipated, my net annual forward dividends would rise by $21.05. Replicating this would require investing $701.67 at a 3% yield.</p><h3 style="text-align: left;">Discussion:</h3><p>How was your January 2024 for dividend boosts?</p><p>Did you get any first-time payout raises during the month?</p><p>Thanks for reading and please feel free to comment below!</p>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-75359632903972662932024-01-30T06:00:00.000-08:002024-03-09T10:45:48.135-08:00January 2024 Dividend Stock Purchases/Sales<div>As I'm writing this blog post, it's already January 22. The temperature has been trending higher to uncharacteristically warm levels again here in Central Wisconsin. The next week is expected to feature high temperatures into the low- to mid-30 degrees Fahrenheit range. Even the lows will reach into the high-20s to low-30s.</div><div><br /></div><div>As has been the case for the last several months, I have been <a href="https://www.kodysdividends.com/2023/09/major-life-update-and-two-takeaways.html">building up</a> my emergency fund. Thus, I have sold some holdings and shuffled capital proceeds into what I believe are higher quality businesses. This continued in the month of January.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0K8j984WIC5qRB4gKt-gfbCH_054ANILDfivq-JVV9GAy6wEhyW-Xl9KQ1ez0LtJuSQY4lC6ZaYrRdl4xJTmphT48Lb5vrJhhbMh7rWpCL4WBhm45HK17rd8QWq5VlZN4rZJI3XEWFfe5gRF2UGSHYOBxUrq2pgQB0IJ_5AQNPXz1z9ZHZcRPD3UArmLb/s1080/Screenshot_20240122-132321~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="320" data-original-width="1080" height="95" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0K8j984WIC5qRB4gKt-gfbCH_054ANILDfivq-JVV9GAy6wEhyW-Xl9KQ1ez0LtJuSQY4lC6ZaYrRdl4xJTmphT48Lb5vrJhhbMh7rWpCL4WBhm45HK17rd8QWq5VlZN4rZJI3XEWFfe5gRF2UGSHYOBxUrq2pgQB0IJ_5AQNPXz1z9ZHZcRPD3UArmLb/s320/Screenshot_20240122-132321~2.png" width="320" /></a></div><br /><div style="text-align: left;">My lone transaction for January was the sale of all 32 of my shares of Leggett & Platt (LEG) at $25.75 each. This was a sale that I made preemptively to avoid a potential dividend cut from the company. As my Dividend Kings colleague Dividend Sensei has repeatedly pointed out with research from Hartford Funds, dividend cutters and eliminators drastically underperform dividend growers and initiators.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">In a <a href="https://seekingalpha.com/article/4656433-leggett-8-percent-yield-is-great-8-percent-yielding-aristocrats-much-better-buys">recent article</a>, Dividend Sensei notes that the dividend is expected to consume virtually all of LEG's FCF in 2024. Worse yet, that is before considering the impact of a potentially mild recession. Not to mention that its interest coverage ratio through the first nine months of 2023 was just <a href="https://leggett.gcs-web.com/news-releases/news-release-details/leggett-platt-reports-3q-results-1">4.4</a>. If a recession were to hit, the company would be pressured by rating agencies to cut the dividend to preserve liquidity.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I haven't deployed my capital proceeds into anything new yet, but Enbridge (ENB) is my top candidate. Interested readers can check out why I want to open a position in ENB in my <a href="https://seekingalpha.com/article/4657208-enbridge-is-it-too-late-to-buy-8-percent-yielding-dividend-aristocrat">December article</a>. Basically, ENB has a firmly investment-grade balance sheet, a well-covered and comparable yield to LEG, and reasonable growth prospects, all at an attractive valuation.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">I would like to swing from no refund ahead of my 2023 tax filing to a modest refund and increase the proportion of my tax-advantaged investments relative to total investments. To do this, I am going to keep saving in my emergency fund for the foreseeable future. I'll then open and max out an IRA with the $6,500 annual contribution limit for those under age 50.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">This way, I can backload my investments for 2023. During the summer and fall, I hope to again max out my contribution for 2024. All the while, my approach should allow me to maintain an ample emergency fund.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How did you fare on capital deployment in January?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you sell any positions as I did with LEG? Did you open any new positions?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for your readership! I look forward to your comments below.</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-40285502558939091292024-01-23T06:00:00.000-08:002024-03-09T10:45:47.759-08:00My Financial And Personal Goals For 2024<p>As I'm writing this blog post on January 17th, it's hard to believe that there are just two weeks left in this month. The low temperatures here in Central Wisconsin are set to remain in the negative Fahrenheit territory, although not as bad as the -30 with wind chill that we have been experiencing. Fortunately, in a few days, the low temperatures will reach into the upper 20s with highs getting above freezing.</p><p>With that aside, now is time to set my new financial and personal goals for 2024.</p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg8ZTl3J-WJ0-S_sOePruGjdpJCm5N5NXVcoVgtmE25fjvN8dhNmmQCxkczZui2TR1ePKpnHkw2tCV4FvDfyROlRcX_hQgGDL5U7AYwt8Z0uJ-1UzekMPaHBWVxChvP0JnPmeDF7uPI1C_TeAi8SRCzfRIA7IIw_HH5f_M152Kfo4UPRyk7YUhcPxdZbnQH" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="3072" data-original-width="5472" height="180" src="https://blogger.googleusercontent.com/img/a/AVvXsEg8ZTl3J-WJ0-S_sOePruGjdpJCm5N5NXVcoVgtmE25fjvN8dhNmmQCxkczZui2TR1ePKpnHkw2tCV4FvDfyROlRcX_hQgGDL5U7AYwt8Z0uJ-1UzekMPaHBWVxChvP0JnPmeDF7uPI1C_TeAi8SRCzfRIA7IIw_HH5f_M152Kfo4UPRyk7YUhcPxdZbnQH" width="320" /></a></div><br />Image Source: <a href="https://www.pexels.com/photo/success-text-21696/">Pexels</a><p></p><h3 style="text-align: left;">My Financial Goals For 2024</h3><h3 style="text-align: left;">1. Generate at least 20% growth in net dividends collected</h3><p style="text-align: left;">In the last few years, my <a href="https://www.kodysdividends.com/p/dividend-income.html">net dividends</a> have routinely grown by 40% or more. However, I believe this will be coming to an end in 2024. That's because aside from having less capital to invest than in the last couple of years, my portfolio base is making it more difficult to post these types of growth rates.</p><p style="text-align: left;">Fortunately, I still think a 20% growth rate is doable. Off the top, my organic growth should come in around 10% from dividend reinvestment and dividend growth. I figure another 10% dividend growth from capital deployment is reasonable and gives me flexibility to be more qualitative (e.g., lower yield and higher growth prospects) with my dividend stock purchases.</p><h3 style="text-align: left;">2. Grow net annual forward dividends by 20% by the end of the year</h3><p style="text-align: left;">Similar to my first goal, I am aiming for 20% growth in my net annual forward dividends heading into 2025. For the reasons that I already discussed in my previous goal, I think that this will also be a doable goal.</p><h3 style="text-align: left;">Personal Goals For 2024</h3><h3 style="text-align: left;">1. Jog At Least 10 Miles A Week</h3><p style="text-align: left;">As the weather has become more unfavorable in recent months, I have shifted my exercise routine to the indoors. I have enjoyed jogging on the treadmill these last couple of months and plan on continuing to do this throughout the year. As the weather warms up, I will spend more time outside. However, I intend to stick with my routine on the treadmill moving forward in lieu of exercise in the outdoors.</p><h3 style="text-align: left;">2. Lift Weights At Least Four Times A Week</h3><p style="text-align: left;">Since November, I have been lifting weights. Given my 5'8'' and 125 pound frame, I started out doing at least two sets of 10 reps of various exercises with eight pound weights four times a week. As the year comes to a close, I would like to work my way up to doing the same amount of sets and reps with 15 pound weights.</p><h3 style="text-align: left;">3. Publish A Blog Post Each Week</h3><p style="text-align: left;">As I have done for nearly five and a half years now, I plan on continuing to publish a post to this blog each week. I enjoy updating readers on my progress with dividend growth investing to demonstrate the power of the strategy in real time, so this is a goal I envision running back year after year.</p><h3 style="text-align: left;">Concluding Thoughts:</h3><p style="text-align: left;">Overall, I am excited to see what the new year brings. In recent months, I have been clearing what I view as dead weight out of my portfolio. Also, I look forward to likely resuming capital deployment in just a few more weeks and further improving on the quality of my portfolio. Fitness-wise, I enjoy the grind of the everyday routine of remaining active and am eager to continue this in 2024.</p><h3 style="text-align: left;">Discussion:</h3><p style="text-align: left;">What are your goals for 2024?</p><p style="text-align: left;">Do you believe any of your goals are going to be more challenging to accomplish than any others?</p><p style="text-align: left;">I appreciate your readership and welcome your comments below!</p>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-7984789653825848112024-01-16T06:00:00.000-08:002024-03-09T10:45:47.426-08:00Review Of 2023 Goals<div>As I'm writing this blog post, it's already January 8th, 2024. Surprisingly, the weather here in Central Wisconsin continues to be quite mild. The temperature is expected to reach a high of 30 degrees Fahrenheit today. Anything around freezing for this time of the year is pretty rare, so I'll take it!</div><div><br /></div><div>Now that 2023 is fully in the rearview mirror, it would be a good time to briefly go over whether I achieved my <a href="https://www.kodysdividends.com/2023/09/revised-goals-for-2023.html">revised goals</a> for the year.</div><div><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiDWNtqqfsY5pGHFXKK6B_jyZXfwSWk8lCinOSlThFYigrB-DBKxqmfXZaOSVpobFyC9OlyqsZpBK7T_I_7UWDECdLkIIKY7XxfsdHONnpIHqxLiMiECHEVaFrtRFszkDvjvwMZiNCh0xE5JPXWsGln5vPVztGarKAJQfuVOin8TwBQx_Aao7rkOW1BHov9" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="180" data-original-width="320" height="180" src="https://blogger.googleusercontent.com/img/a/AVvXsEiDWNtqqfsY5pGHFXKK6B_jyZXfwSWk8lCinOSlThFYigrB-DBKxqmfXZaOSVpobFyC9OlyqsZpBK7T_I_7UWDECdLkIIKY7XxfsdHONnpIHqxLiMiECHEVaFrtRFszkDvjvwMZiNCh0xE5JPXWsGln5vPVztGarKAJQfuVOin8TwBQx_Aao7rkOW1BHov9" width="320" /></a></div><br />Image Source: <a href="https://www.pexels.com/photo/success-text-21696/">Pexels</a></div><h3 style="text-align: left;">Financial Goals for 2023</h3><h3 style="text-align: left;">1. End 2023 With a Six Month Emergency Fund - Fail</h3><div style="text-align: left;">At the end of 2023, my emergency fund (also factoring in taxable account dividend income) was five months. That was just short of my goal for the year. However, this was only because I realized at the end of the year that my estimated tax payments for 2023 weren't quite enough throughout the year. Thus, I had to chip in more than I anticipated. Factoring this out of the equation, I would have had a seven month emergency fund heading into 2024. The good news is that after this month, I should be at my target of a six month emergency fund.</div><h3 style="text-align: left;">2. Conclude 2023 With at Least $4,300 in Net Annual Forward Dividends - Pass</h3><div style="text-align: left;">I narrowly topped my goal of $4,300 in net annual forward dividends heading into 2023, ending the year at around $4,315. This was mostly thanks to my capital deployment throughout the first eight months of the year and dividend growth/reinvestment in the last few months of the year.</div><h3 style="text-align: left;">3. Reach $120,000 in Investments and $140,000 in Net Worth - Pass</h3><div style="text-align: left;">On the investment value front, I beat my goal by a few percent. In terms of net worth, I barely met my goal for 2023.</div><h3 style="text-align: left;">Personal Goals for 2023</h3><h3 style="text-align: left;">1. Publish Approximately 360 Motley Fool Articles - Pass</h3><div style="text-align: left;">At my rate of about 10 Motley Fool articles a week through the first eight months and change of 2023, I met my updated goal of publishing 360 articles during the year.</div><h3 style="text-align: left;">2. Publish At Least 90 Seeking Alpha Articles - Pass</h3><div style="text-align: left;">I topped my goal related to Seeking Alpha in 2023. For the year, I had 95 articles published.</div><h3 style="text-align: left;">3. Publish 1 Blog Post Each Week - Pass</h3><div style="text-align: left;">Finally, I succeeded on the blog front. In 52 Tuesdays, I published 52 blogs in 2023 - - exactly one blog each week as I intended.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">In the face of my job loss in September, I transitioned quickly adapted. In fact, I moved immediately from writing for Motley Fool to ramping my production at Seeking Alpha back up. There wasn't a single day that I was out of work, so I'm pleased with how I fared in the face of challenges in 2023.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your 2023?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you revise your goals part of the way through the year as I did or did you stand by your goals?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for your readership and please consider commenting below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-11088973199696108262024-01-09T06:00:00.000-08:002024-03-09T10:45:47.443-08:00December 2023 Dividend Income<div>As I'm writing this blog post, it is officially 2024. Although it is cold in absolute terms, the weather here in Central Wisconsin remains warm for this time of year. The high temperature for today is expected to reach 31 degrees Fahrenheit!</div><div><br /></div><div>With that aside, I plan on highlighting my net dividend income for December 2023. Let's dive into it!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR6IA6VXQy6tmQspNcGckspJ8aIY0HlhRAUjqGXscOKQ-4FpflK8CqLuFxPdBnPhZ0znvejMapOY6kYfKVENBSanT4ssutts_UDG_G6zoUoupbtGbJYLp1S-AqApVwAblQwA3Gz48w4hBmYdIDEl3lgNEEo-mtVqIP6nTMWuMRESG9zY7tAsdJU22F-wX_/s1941/Screenshot_20240101-140554~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1941" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR6IA6VXQy6tmQspNcGckspJ8aIY0HlhRAUjqGXscOKQ-4FpflK8CqLuFxPdBnPhZ0znvejMapOY6kYfKVENBSanT4ssutts_UDG_G6zoUoupbtGbJYLp1S-AqApVwAblQwA3Gz48w4hBmYdIDEl3lgNEEo-mtVqIP6nTMWuMRESG9zY7tAsdJU22F-wX_/w223-h400/Screenshot_20240101-140554~2.png" width="223" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0IYuJ3YWNBhCO3m92jY8ghd82IcYBtXPbFG8CVux9634wXt3Y0_b0gV4HL-BDYz-KmW_fH12b80Qtf1-GrN1hJP2epWw6w651cUfqPEnj7YlZ6BuMh345nmvpquLplBNrdQe-MpauKsCK5wuOMR4QBGk22Jkt6OnavYO7a-OsFnfef8fIv-sXNc02WdrA/s2014/Screenshot_20240101-140603~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2014" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0IYuJ3YWNBhCO3m92jY8ghd82IcYBtXPbFG8CVux9634wXt3Y0_b0gV4HL-BDYz-KmW_fH12b80Qtf1-GrN1hJP2epWw6w651cUfqPEnj7YlZ6BuMh345nmvpquLplBNrdQe-MpauKsCK5wuOMR4QBGk22Jkt6OnavYO7a-OsFnfef8fIv-sXNc02WdrA/w215-h400/Screenshot_20240101-140603~2.png" width="215" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNjK-usLqBGVPXmPoQgsgmixmG9Dr7_0L7kN5547q6LHvfXsMkFOd3Uj0t2r4naEBvWy1-bFyLsGlb7Mz76AHHI-xuDOmD3vwVHgvgCZkIc03EX3j7NarRbsiJ_zk8_2bva0MBYYEOlEbUB6Ls7LvftQpvu0z08zy8ih89NDXTD_6GMuZswFo_Eiochpx-/s2006/Screenshot_20240101-140610~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2006" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNjK-usLqBGVPXmPoQgsgmixmG9Dr7_0L7kN5547q6LHvfXsMkFOd3Uj0t2r4naEBvWy1-bFyLsGlb7Mz76AHHI-xuDOmD3vwVHgvgCZkIc03EX3j7NarRbsiJ_zk8_2bva0MBYYEOlEbUB6Ls7LvftQpvu0z08zy8ih89NDXTD_6GMuZswFo_Eiochpx-/w215-h400/Screenshot_20240101-140610~2.png" width="215" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXhnFpsE3wqBuOVEi17Ng815oXkcQdTBfRDIXuCZtaXYOc-DHaskzY-Z8a6S0rY8Ks9iYq7jPM1myYPUlc8TnEU23CnpIC3kXk65QDwoXe13hh5Ew2Cl_nyso1v9L7ik6fix7SswFpsZO4-grLgGJ0ho8ZXTfq3Njb0vAjPyRonPmcwSFRkzv4r5diu-rf/s1999/Screenshot_20240101-140617~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1999" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXhnFpsE3wqBuOVEi17Ng815oXkcQdTBfRDIXuCZtaXYOc-DHaskzY-Z8a6S0rY8Ks9iYq7jPM1myYPUlc8TnEU23CnpIC3kXk65QDwoXe13hh5Ew2Cl_nyso1v9L7ik6fix7SswFpsZO4-grLgGJ0ho8ZXTfq3Njb0vAjPyRonPmcwSFRkzv4r5diu-rf/w216-h400/Screenshot_20240101-140617~2.png" width="216" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjB1Ag63RkqfAU3IZMjVxlm68-2dk0KLfAqXt6CgAtGiDQb_TLkjFtbuygvD1fyf54Onz8-yhxhEO74I48-yA8IGBpanxKxlNnyDX82WQYQR5SrikfIdL-o2RH3-slxF27WVzMiTzAQUwB7U_IN7LY7wueR0-e23TmLkTnWRfLv4g7Kptyu_w-rp81B5-S/s1630/Screenshot_20240101-140623~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1630" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjB1Ag63RkqfAU3IZMjVxlm68-2dk0KLfAqXt6CgAtGiDQb_TLkjFtbuygvD1fyf54Onz8-yhxhEO74I48-yA8IGBpanxKxlNnyDX82WQYQR5SrikfIdL-o2RH3-slxF27WVzMiTzAQUwB7U_IN7LY7wueR0-e23TmLkTnWRfLv4g7Kptyu_w-rp81B5-S/s320/Screenshot_20240101-140623~2.png" width="212" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUTIjPMFbZOvmin08uduMU7W-oNkVVavWbK5HjEFAh-bgzZUGGnyw-1PPhGQMQMDgK9SyuuQN6f58o3_x5Y2j55kHk9EbtI48fYdr0igTm2elldmGKk8_lUQ-ibY-4vaVlmoiPG9V31KdYldt3A6VhmEFNo1yARkEDRBTW-cYlRyiqsWhKYzRfxm83hts1/s1080/Screenshot_20240101-140744~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="990" data-original-width="1080" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUTIjPMFbZOvmin08uduMU7W-oNkVVavWbK5HjEFAh-bgzZUGGnyw-1PPhGQMQMDgK9SyuuQN6f58o3_x5Y2j55kHk9EbtI48fYdr0igTm2elldmGKk8_lUQ-ibY-4vaVlmoiPG9V31KdYldt3A6VhmEFNo1yARkEDRBTW-cYlRyiqsWhKYzRfxm83hts1/w200-h183/Screenshot_20240101-140744~2.png" width="200" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbPzCV9y0NPNvviPmSE5xe0Jjs4vzg6UaC7tMUUytB2EPs_xoPCBpbbJWtcaQdnh_U9Rtp51gIsta_AbBlgJeb9K-3Gd2NGxcdRs7K-rsiwWnhWi07fTR4MsXtOyHv436jJg12rwptwX2Y6drxO3K6olAv07PVJkjXKDfp9gCkYi865aeFXG78IhA8wT-9/s1386/Screenshot_20240101-140930~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1386" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbPzCV9y0NPNvviPmSE5xe0Jjs4vzg6UaC7tMUUytB2EPs_xoPCBpbbJWtcaQdnh_U9Rtp51gIsta_AbBlgJeb9K-3Gd2NGxcdRs7K-rsiwWnhWi07fTR4MsXtOyHv436jJg12rwptwX2Y6drxO3K6olAv07PVJkjXKDfp9gCkYi865aeFXG78IhA8wT-9/w250-h320/Screenshot_20240101-140930~2.png" width="250" /></a></div><br /><div style="text-align: left;">During December 2023, I collected $529.78 in net dividends. Compared to the $434.85 in net dividends received in <a href="https://www.kodysdividends.com/2023/10/september-2023-dividend-income.html">September 2023</a>, this represents a 21.8% quarterly growth rate. Even factoring out the special dividend and annual fee from my Capital Income Builder (CAIBX) mutual fund in my retirement account, my net dividend income grew by 3%.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">On a year-over-year basis, my net dividends surged 25.2% higher versus the $423 in net dividends that I collected in <a href="https://www.kodysdividends.com/2023/01/december-2022-dividend-income.html">December 2022</a>.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Rather than discuss every aspect of how my net dividends climbed by $94.93 from September 2023 to December 2023, I will discuss activity within each of my accounts at a high level.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I received $349.33 in net dividends from 47 companies within my Robinhood portfolio. Growth in my Robinhood portfolio was driven by dividend raises from <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for-january.html">Broadcom</a> (AVGO) and <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for.html">Main Street Capital</a> (MAIN), as well as my new position in <a href="https://www.kodysdividends.com/2023/11/october-2023-dividend-stock-purchases.html">Ares Capital</a> (ARCC). This was partially offset by the timing of dividends from PepsiCo (PEP) and Digital Realty Trust (DLR), which will be paid in January.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My Webull account generated $16.82 in net dividends across six companies (not pictured is the $8.40 in combined net dividends received from Lockheed Martin and Broadcom). Dividend boosts from Visa (V) and Lockheed Martin (LMT) in <a href="https://www.kodysdividends.com/2023/10/expected-dividend-increases-for.html">October</a> and the December hike from AVGO contributed to this higher dividend income.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I collected $0.52 in net dividends from 23 companies in my M1 Finance portfolio. Fastenal's (FAST) special dividend more than offset the loss of income due to PepsiCo's (PEP) dividend payment timing.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My retirement account produced $163.11 in net dividends from my CAIBX mutual fund holding. A special dividend and a higher share count due to dividend reinvestment led my net dividends higher.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">December 2023 was the first month in which my net dividends exceeded $500. I don't anticipate to collect $500 in net dividends in a given month again until likely September or December of this year. However, I feel very blessed to have reached that mark during the month.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">As I anticipate resuming capital deployment in February, my net dividend income should steadily continue to climb in 2024.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your dividend income for December 2023?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you receive any special dividends?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">I appreciate your readership and welcome your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-67571607689038564062024-01-02T06:00:00.000-08:002024-03-09T10:45:48.099-08:00December 2023 Dividend Stock Purchases<div>As I'm writing this blog post, it's hard to believe that 2023 as we know it is just three days away from reaching its conclusion. Still, the temperatures here in Central Wisconsin remain warm for the season. It is expected to reach a high of 40 degrees Fahrenheit later today.</div><div><br /></div><div>With that aside, now would be a good time to discuss the transactions that I completed in December. Let's dig in.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8rwgeRZmFeNgTamfeUPVXajUHdrYdbSvjmw98p5oMfO9W1rWKJRPNsKW229owOfSYwe55wkAYIqf4GdWnK_1HqAu_LpJW-zzydTmFO8oEGKXimwDckSTBLuvEplYThm3uaz7b3Y8cCypsRR80oSoaFZF201CwFmQ20XM3Wt5QkgZQhis66g3Dyh90xpFN/s1080/Screenshot_20231227-161434~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="714" data-original-width="1080" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8rwgeRZmFeNgTamfeUPVXajUHdrYdbSvjmw98p5oMfO9W1rWKJRPNsKW229owOfSYwe55wkAYIqf4GdWnK_1HqAu_LpJW-zzydTmFO8oEGKXimwDckSTBLuvEplYThm3uaz7b3Y8cCypsRR80oSoaFZF201CwFmQ20XM3Wt5QkgZQhis66g3Dyh90xpFN/s320/Screenshot_20231227-161434~2.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIlMP4p37RNxz43vwC5H8hxuJZ9APkv221xKiGre-KoCELbGtzhwVwlo0c9qcQEjW7D7AMvcL_B1FposLe1pQuNIbRwf5_S7JDQwG4DlmtOp7umEEeYyTYHpuxeI_tmrOZYX1njJhMj3yABqSVeR9lEKgrjk-JCTpwMKPZJ63KcG4JrED5IZPpdGeR03PR/s2081/Screenshot_20231227-172712~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2081" data-original-width="1074" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIlMP4p37RNxz43vwC5H8hxuJZ9APkv221xKiGre-KoCELbGtzhwVwlo0c9qcQEjW7D7AMvcL_B1FposLe1pQuNIbRwf5_S7JDQwG4DlmtOp7umEEeYyTYHpuxeI_tmrOZYX1njJhMj3yABqSVeR9lEKgrjk-JCTpwMKPZJ63KcG4JrED5IZPpdGeR03PR/w330-h640/Screenshot_20231227-172712~2.png" width="330" /></a></div><br /><div style="text-align: left;">First, I closed out my seven share position in Medifast (MED) for an average price of $67.04 each. Earlier in the month, the company announced that it would be <a href="https://ir.medifastinc.com/2023-12-13-Medifast-Initiates-Business-Transformation-by-Entering-the-Medically-Supported-Weight-Loss-Market-through-Collaboration-with-LifeMD,-a-Virtual-Primary-Care-Provider,-and-Adjusting-its-Capital-Allocation-Policy">discontinuing</a> its quarterly dividend per share of $1.65. MED intends to invest this cash to enhance the customer experience and acquire customers to revive its growth story. Overall, I think this was a necessary move on the part of the company to reinvent itself amid the anticipated surge in the popularity of the GLP-1 drug class. But since the vast majority of dividend cutters and suspenders underperform the market as a whole, I simply don't have the patience to ride this one out any longer. The dividend suspension and my sale of shares reduced my net annual forward dividends by $46.20.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My first move to redeploy these proceeds came with my addition of 12 shares of Ares Capital (ARCC) at an average price per share of $20.09. Readers curious on my buying rationale for ARCC can check out my <a href="https://seekingalpha.com/article/4642780-ares-capital-get-paid-a-10-percent-plus-dividend-and-sleep-well-at-night">Seeking Alpha article</a> from two months ago. This boosted my net annual forward dividends by $23.04, which equates to a 9.56% dividend yield.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">The other transaction I executed to redeploy capital proceeds was seven units of MPLX LP (MPLX) at an average cost of $35.67 a unit. This lifted my net annual forward distributions by $23.80, which equates to a 9.53% distribution yield. For my investment thesis, interested readers can peruse my recent <a href="https://seekingalpha.com/article/4658333-mplx-lp-why-im-buying-this-9-4-percent-yielding-blue-chip-mlp">Seeking Alpha article</a> on MPLX.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Finally, I reinvested $176.88 into my Capital Income Builder (CAIBX) mutual fund holding (net the $10 annual fee) within my retirement account from a previous employer. These dividends, special dividends, and capital gains payments added 2.706 shares to my share count. That upped my net annual forward dividends by $5.764, which equates to a 3.26% net dividend yield.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">December 2023 marked the fourth consecutive month that I worked on building my emergency fund to a more robust level. At the rate that I am going, I anticipate that my emergency fund will be up to my target by the end of January. Thus, I hope to begin investing between $1,500 and $2,000 in capital each month starting in February.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your month for capital deployment?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you open any new positions or close any positions in December 2023?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">As always, thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-28255382023790198242023-12-26T06:00:00.000-08:002024-03-09T10:45:47.509-08:00Expected Dividend Increases for January 2024<p>As I'm writing this blog post on Monday, December 18th, it is currently 21 degrees Fahrenheit here in Central Wisconsin, but it feels like just 5 degrees! Fortunately, the high temperatures will climb back into the 40s in time for the Christmas holiday weekend. As it stands, we're looking at our first snow-free Christmas since 2018!</p><p>With that aside, all of the dividend raises that I expected for this month have already been announced (and two additional raises). Thus, I will go over those payout increases and look ahead to the ones that I am expecting for January 2024.</p><h3 style="text-align: left;">Actual Dividend Increases for December 2023</h3><h3 style="text-align: left;">Dividend Increase #1: Abbott Laboratories (ABT)</h3><p>Abbott Laboratories declared a 7.8% raise in its quarterly dividend per share to $0.55. This was slightly better than the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for.html">5.9% increase</a> that I was expecting to $0.54.</p><p>Across my six shares of ABT, my net annual forward dividends edged $0.96 higher from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #2: Amgen (AMGN)</h3><p>Amgen announced a 5.6% bump in its quarterly dividend per share to $2.25, which was less than the 8% increase that I was anticipating. However, that's justified considering the company's recently completed acquisition of Horizon Therapeutics.</p><p>My net annual forward dividends surged $2.88 higher across my six shares of AMGN due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #3: American Tower (AMT)</h3><p>American Tower declared a 5.6% raise in its quarterly dividend per share to $1.70. This was better than the 3.7% increase to $1.68 that I predicted.</p><p>Across my six shares of AMT, my net annual forward dividends grew by $1.92 from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #4: Broadcom (AVGO)</h3><p>Broadcom announced a 14.1% boost in its quarterly dividend per share to $5.25, which was much more than the 10.9% increase to $5.10 that I was expecting.</p><p>My net annual forward dividends rocketed $10.40 higher across my four shares of AVGO due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #5: Bristol Myers Squibb (BMY)</h3><p>Bristol Myers Squibb declared a 5.3% raise in its quarterly dividend per share to $0.60. That's exactly what I anticipated.</p><p>Across my 22 shares of BMY, my net annual forward dividends climbed higher by $2.40 from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #6: CVS Health (CVS)</h3><p>CVS Health announced a 9.9% boost in its quarterly dividend per share to $0.665, which was just above the $0.66 that I predicted.</p><p>My net annual forward dividends grew by $3.60 across my 15 shares of CVS due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #7: Eastman Chemical (EMN)</h3><p>Eastman Chemical declared a 2.5% increase in its quarterly dividend per share to $0.81. That was less than the $0.82 that I expected.</p><p>Across my seven shares of EMN, my net annual forward dividends rose by $0.56 from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #8: Innovative Industrial Properties (IIPR)</h3><p>Innovative Industrial Properties announced a 1.1% raise in its quarterly dividend per share.</p><p>My net annual forward dividends inched $0.48 higher across my six shares of IIPR due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #9: Mastercard (MA)</h3><p>Mastercard declared a 15.8% boost in its quarterly dividend per share to $0.66, which was what I predicted.</p><p>Across my four shares of MA, my net annual forward dividends grew by $1.44 from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #10: Realty Income (O)</h3><p>Realty Income announced a 0.2% increase in its monthly dividend per share to $0.2565. This was in line with my expectations.</p><p>My net annual forward dividends edged higher by $0.144 across my 24 shares of O due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #11: Pfizer (PFE)</h3><p>Pfizer declared a 2.4% raise in its quarterly dividend per share to $0.42, which was what I forecasted.</p><p>Across my 26 shares of PFE, my net annual forward dividends rose by $1.04 from this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #12: U.S. Bancorp (USB)</h3><p>U.S. Bancorp announced a 2.1% bump in its quarterly dividend per share to $0.49.</p><p>My net annual forward dividends increased by $1.04 across my 26 shares of USB due to this dividend announcement.</p><h3 style="text-align: left;">Expected Dividend Increases for January 2024</h3><h3 style="text-align: left;">Expected Dividend Increase #1: Air Products & Chemicals (APD)</h3><p>My best guess is that Air Products & Chemicals will declare an 8% boost in its quarterly dividend per share to $1.89.</p><p>Across my five shares of APD, my net annual forward dividends would grow by $2.80 from such a dividend declaration.</p><h3 style="text-align: left;">Expected Dividend Increase #2: BlackRock (BLK)</h3><p>I believe that BlackRock will announce a 2% increase in its quarterly dividend per share to $5.10.</p><p>My net annual forward dividends would rise by $0.80 across my two shares of BLK if this dividend announcement materializes.</p><h3 style="text-align: left;">Expected Dividend Increase #3: Comcast (CMCSA)</h3><p>My projection is that Comcast will declare a 6.9% raise in its quarterly dividend per share to $0.31.</p><p>Across my 39 shares of CMCSA, my net annual forward dividends would surge higher by $3.12 from such a dividend declaration.</p><h3 style="text-align: left;">Expected Distribution Increase #4: Enterprise Products Partners (EPD)</h3><p>My best guess is that Enterprise Products Partners will up its quarterly distribution per unit by 2% to $0.51.</p><p>My net annual forward distributions would rise by $2.08 across my 52 units of EPD if this prediction pans out.</p><h3 style="text-align: left;">Expected Distribution Increase #5: Energy Transfer (ET)</h3><p>I predict that Energy Transfer will announce a 0.8% raise in its quarterly distribution per unit to $0.315.</p><p>Across my 86 units of ET, my net annual forward distributions would grow by $0.86 from such a dividend announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #6: Kimberly Clark (KMB)</h3><p>My forecast is that Kimberly Clark will declare a 3.4% increase in its quarterly dividend per share to $1.22.</p><p>My net annual forward dividends would rise by $0.64 across my four shares of KMB if this prediction becomes reality.</p><h3 style="text-align: left;">Expected Dividend Increase #7: Kinder Morgan (KMI)</h3><p>My best guess is that Kinder Morgan will announce a 2.7% raise in its quarterly dividend per share to $0.29.</p><p>Across my 64 shares of KMI, my net annual forward dividends would increase by $1.92 from such a dividend announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #8: Alliant Energy (LNT)</h3><p>I predict that Alliant Energy will declare a 6.1% boost in its quarterly dividend per share to $0.48.</p><p>My net annual forward dividends would grow by $1.43 across my 13 shares of LNT if this dividend declaration occurs.</p><h3 style="text-align: left;">Expected Dividend Increase #9: ONEOK (OKE)</h3><p>I believe that ONEOK will announce a 2.1% increase in its quarterly dividend per share to $0.975.</p><p>Across my 34 shares of OKE, my net annual forward dividends would rise by $2.72 from such a dividend announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #10: WEC Energy Group (WEC)</h3><p>My best guess is that WEC Energy Group will declare a 6.7% raise in its quarterly dividend per share to $0.8325.</p><p>My net annual forward dividends would increase by $2.52 across my 12 shares of WEC if this dividend declaration happens.</p><h3 style="text-align: left;">Concluding Thoughts:</h3><p>The 12 dividend boosts that I received in December helped my net annual forward dividends grow by $26.864. For context, it would take an $895.47 investment at a 3% yield to replicate the effect of dividend growth on my portfolio for the month.</p><p>Looking ahead to next month, I anticipate that I will receive an $18.89 lift in my net annual forward dividends from 10 dividend raises. That is like investing $629.67 at a 3% dividend yield.</p><h3 style="text-align: left;">Discussion:</h3><p>How have your dividend increases been thus far for December 2023?</p><p>Did you benefit from any first-time dividend boosts?</p><p>I appreciate your readership and welcome your comments below!</p>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-87576256123755245462023-12-19T06:00:00.000-08:002024-03-09T10:45:48.197-08:00November 2023 Dividend Income<div>As I'm writing this blog post, it is currently December 11th. Surprisingly, the temperatures are still holding above the average for this time of year here in Central Wisconsin. It's currently 23 degrees Fahrenheit and it is expected to reach a high of 27 degrees Fahrenheit later today.</div><div><br /></div><div>With that aside, I will detail my dividend income for November 2023. Let's dig in!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCMuBS9CH1zyZjzTO7ktD2SyJjRdj7J-tapOqq51rcLJ_saSiili-v87KLb4gfQmLW9ErWK7Ieh3vtW0EMuEH7KBQ2R8Th4rk0dogQ7UAJXwaqrNj4DmM4NcKIXhZN4PG1ur3UsJyJvZnD9qUffUGbYv11cvpaT2__hzxvBnTk2iT0g8HnXYDMHkrY_v-N/s2052/Screenshot_20231211-123036~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2052" data-original-width="1080" height="401" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCMuBS9CH1zyZjzTO7ktD2SyJjRdj7J-tapOqq51rcLJ_saSiili-v87KLb4gfQmLW9ErWK7Ieh3vtW0EMuEH7KBQ2R8Th4rk0dogQ7UAJXwaqrNj4DmM4NcKIXhZN4PG1ur3UsJyJvZnD9qUffUGbYv11cvpaT2__hzxvBnTk2iT0g8HnXYDMHkrY_v-N/w210-h401/Screenshot_20231211-123036~2.png" width="210" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHMd1l4fC4MmVrS-fX3r-L-zsWpkYhGe0gZSKtE63Z5_N0q081qK5li9CCSmbqvh2BbGLuqsDjWXboX1ftZm-CAjiWb6PQ0DSSMfCKRCRop8hHInLOuSOwpbUubHQUnjN5iVQK1IPjqJEsxWJqt2i17cdvWATHZTt7tvYKakNceBESqC9kqVUdZUmSw6KD/s2121/Screenshot_20231211-123044~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2121" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHMd1l4fC4MmVrS-fX3r-L-zsWpkYhGe0gZSKtE63Z5_N0q081qK5li9CCSmbqvh2BbGLuqsDjWXboX1ftZm-CAjiWb6PQ0DSSMfCKRCRop8hHInLOuSOwpbUubHQUnjN5iVQK1IPjqJEsxWJqt2i17cdvWATHZTt7tvYKakNceBESqC9kqVUdZUmSw6KD/w204-h400/Screenshot_20231211-123044~2.png" width="204" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8KUPa8L_fVSr8TA4e7honl4Qgv862ad4vlXrFhybmqvN3niM44ul63fbcySB-hxuksmI1EotXcT9xmdAlgcpmm14HVPRdUCs0kFDzgTHIbCHtngJ_XjwO__zVIfyTSuT2JiDfcdhO7Tn0i8IME0bJlJk5u78hbeSkDzANtUTz6Zi7ePzoSwSBgV-5mzJ0/s2105/Screenshot_20231211-123049~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2105" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8KUPa8L_fVSr8TA4e7honl4Qgv862ad4vlXrFhybmqvN3niM44ul63fbcySB-hxuksmI1EotXcT9xmdAlgcpmm14HVPRdUCs0kFDzgTHIbCHtngJ_XjwO__zVIfyTSuT2JiDfcdhO7Tn0i8IME0bJlJk5u78hbeSkDzANtUTz6Zi7ePzoSwSBgV-5mzJ0/w205-h400/Screenshot_20231211-123049~2.png" width="205" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3CSi7Li6PeAA95LA3w20WSleUFFgKEZpOB32t3X5He1U_AOAjRIFIw4ZM5U1n4UbEqGgVCdLvlVEWvVTKxQFYnQbugLwc0KcIPPXYbJYM_QpLvmzZ1ePyVSCWCIAybJkWlbpvGSmz7rXS2Qkd0J9vDcDyIbihBU_k58aQt9wjVIt5yffPD95R3kK4I_4B/s1080/Screenshot_20231211-123055~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="325" data-original-width="1080" height="120" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3CSi7Li6PeAA95LA3w20WSleUFFgKEZpOB32t3X5He1U_AOAjRIFIw4ZM5U1n4UbEqGgVCdLvlVEWvVTKxQFYnQbugLwc0KcIPPXYbJYM_QpLvmzZ1ePyVSCWCIAybJkWlbpvGSmz7rXS2Qkd0J9vDcDyIbihBU_k58aQt9wjVIt5yffPD95R3kK4I_4B/w400-h120/Screenshot_20231211-123055~2.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIjVV2Iv9yJgo6e2MOHlRUKBJeIq-ArS5v7k0ZP1Wi49YWYYQHw7sV0MIwJc3byVrqnOsP2nR_iRAULCGBQbZQvdBbPNQ14d2v5JFQGzoKxgqOV86faFyrLOPrgsZ1owKJigZT6uZwdVFgAYwdFxNJWYgqCQyHEKi59rSCoWIbwuudjoc758M-yBHfugye/s1080/Screenshot_20231211-123224~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="857" data-original-width="1080" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIjVV2Iv9yJgo6e2MOHlRUKBJeIq-ArS5v7k0ZP1Wi49YWYYQHw7sV0MIwJc3byVrqnOsP2nR_iRAULCGBQbZQvdBbPNQ14d2v5JFQGzoKxgqOV86faFyrLOPrgsZ1owKJigZT6uZwdVFgAYwdFxNJWYgqCQyHEKi59rSCoWIbwuudjoc758M-yBHfugye/w320-h254/Screenshot_20231211-123224~2.png" width="320" /></a></div><div><br /></div><div>In November 2023, I collected $327.57 in net dividends. That equates to a 7.1% growth rate compared to the $305.77 in net dividends that I received from my portfolio in <a href="https://www.kodysdividends.com/2023/09/august-2023-dividend-income.html">August 2023</a>.</div><div><br /></div><div>My net dividends were 43.3% greater than the $228.67 in net dividends that I collected in <a href="https://www.kodysdividends.com/2022/12/november-2022-dividend-income.html">November 2022</a>.</div><div><br /></div><div>Diving deeper, I received $311.97 in net dividends from 30 companies within my Robinhood portfolio. My net dividends collected from my Webull account were $15.20 from three companies (also factoring in $0.06 of ADR fees for British American Tobacco). Lastly, I received $0.40 in net dividends from 16 companies within my M1 Finance portfolio.</div><div><br /></div><div>The net dividends that I collected from August 2023 to November 2023 grew by $21.80, which was due to the following activity in my account:</div><div><br /></div><div>I received an extra $0.40 from Starbucks (SBUX) within my Robinhood portfolio. That was the result of the <a href="https://www.kodysdividends.com/2023/09/expected-dividend-increases-for-october.html">7.5% raise</a> in its quarterly dividend per share to $0.57.</div><div><br /></div><div>My net distributions collected from Energy Transfer (ET) in my Robinhood and Webull accounts grew by $0.22, which was due to the <a href="https://www.kodysdividends.com/2023/10/expected-dividend-increases-for.html">0.8% increase</a> in its quarterly distribution per unit to $0.3125.</div><div><br /></div><div>I received an additional $0.15 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio. This was the result of a <a href="https://www.kodysdividends.com/2023/08/expected-dividend-increases-for.html">2.2% raise</a> in its monthly dividend per share to $0.235.</div><div><br /></div><div>My net dividends collected from Realty Income (O) grew by $0.01 in my Robinhood account, which was due to the 0.2% increase in its monthly dividend per share to $0.256.</div><div><br /></div><div>I received an extra $0.16 in net dividends from Tanger Inc. (SKT) within my Robinhood portfolio. This was the result of a 6.1% bump in its quarterly dividend per share to $0.26.</div><div><br /></div><div>My net dividends received from AbbVie (ABBV) surged $4.44 higher in my Robinhood account, which was due to a 4.7% raise in its quarterly dividend per share to $1.55 and my addition of <a href="https://www.kodysdividends.com/2023/08/august-2023-dividend-stock-purchases.html">three shares</a> in August.</div><div><br /></div><div>I received an additional $0.24 in net dividends from A.O. Smith (AOS) within my Robinhood portfolio. That can be explained by the 6.7% raise in its quarterly dividend per share to $0.32.</div><div><br /></div><div>My passive income collected from Magellan Midstream Partners (MMP) declined by $16.77 in my Robinhood account. However, this was mostly offset with an additional $16.24 in dividends from ONEOK (OKE) from a higher share count. That is how my net dividends declined by just $0.53 from this <a href="https://www.kodysdividends.com/2023/10/september-2023-dividend-stock-purchases.html">transaction</a>.</div><div><br /></div><div>I received $0.72 in extra dividends from Texas Instruments (TXN) within my Robinhood portfolio, which was the result of a 4.8% increase in its quarterly dividend per share to $1.30.</div><div><br /></div><div>My net dividends collected from British American Tobacco (BTI) dipped by $0.55 in my Robinhood and Webull accounts. This was due to the variability of foreign currency translation.</div><div><br /></div><div>I received an additional $2.20 in net dividends from Lowe's (LOW) within my Robinhood portfolio, which was thanks to a purchase of another two shares in August.</div><div><br /></div><div>My net dividends collected from Verizon Communications (VZ) grew by $10.35 in my Robinhood account. This was due to the 1.9% raise in its quarterly dividend per share to $0.665, as well as my addition of <a href="https://www.kodysdividends.com/2023/08/july-2023-dividend-stock-purchases.html">15 shares in July</a>.</div><div><br /></div><div>I received an extra $3.99 in net dividends from Bristol Myers Squibb (BMY) within my Robinhood portfolio, which was due to my purchase of seven more shares in July.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>Due to dividend increases and one additional dividend payer that will be in the mix for February 2024, this should be my final middle month of the quarter below $350 in net dividend income. Starting in February, I'm also aiming to begin allocating between $1,500 and $2,000 in capital each month.</div><h3 style="text-align: left;">Discussion:</h3>How was your dividend income for November 2023?<br /><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you collect any first-time dividend payments?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-43611897954915821092023-12-12T06:00:00.000-08:002024-03-09T10:45:47.768-08:00November 2023 Dividend Stock Purchases<div>As I'm writing this blog post, it's already December 4th. The weather remains uncharacteristically warm for this time of year here in Central Wisconsin. It's also my nephew's 9th birthday today, which really drives home the idea that the older you get, the more time flies (it seems like just yesterday, he was a baby).</div><div><br /></div><div>Now that the month of November is over, it is time to go over my stock purchases/sale activity for that period.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFkfCM6lJ7EKOZfEPMxbNjSFfnkufee8TT_xBvDKJZLRKHHPiXeTfN-QGqpMIUsXQe2Mv6DeSHzWx22kfokdLHKeTi4exCKq_fDfTkip5rcoVY6mbEOC-QyHZEq4sfBvkX6c5N2msH7prDwodV5cW3l5YEkqKhabsAptF9sfB8GQmpceKUKuqN3GJcIU1t/s1080/Screenshot_20231204-144518~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1080" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFkfCM6lJ7EKOZfEPMxbNjSFfnkufee8TT_xBvDKJZLRKHHPiXeTfN-QGqpMIUsXQe2Mv6DeSHzWx22kfokdLHKeTi4exCKq_fDfTkip5rcoVY6mbEOC-QyHZEq4sfBvkX6c5N2msH7prDwodV5cW3l5YEkqKhabsAptF9sfB8GQmpceKUKuqN3GJcIU1t/s320/Screenshot_20231204-144518~2.png" width="320" /></a></div><br /><div style="text-align: left;">My first sale of the month was all 64 shares of Medical Properties Trust (MPW) at $4.81 a share. This reduced my net annual forward dividends by $38.40. My decision to sell out of MPW was based largely on this analysis from <a href="https://seekingalpha.com/article/4653195-sell-medical-properties-trust-and-buy-these-10-percent-yielding-blue-chips-instead">Dividend Sensei</a>. For the sake of brevity, MPW has significant maturities that are coming due soon. This could force the company to cut its dividend once again to preserve liquidity, which could lead to significant underperformance moving forward as well.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">The other sale for November was all six shares of MMM (MMM) at $99.10 a share. That lowered my net annual forward dividends by $36. As <a href="https://seekingalpha.com/article/4645104-3m-could-get-cut-in-half-so-buy-these-8-percent-yielding-swans-instead">Dividend Sensei</a> explained, mounting legal costs and a diminishing growth outlook could result in an eventual dividend cut from MMM. Besides some rare exceptions like Energy Transfer in 2020, dividend or distribution cuts tend to lead to poor investment results. I'm basically trying to get out ahead of a potential cut from MMM and redeploy proceeds into a more fundamentally strong and stable high-yielder.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">That brings me to my purchase of 25 shares of MPLX LP (MPLX) at an average cost of $36.22 a share. This purchase added $85 to my net annual forward distributions, which equates to a 9.39% distribution yield. The impetus for this investment decision and my investment research that followed was again thanks to Dividend Sensei's <a href="https://seekingalpha.com/article/4652110-mplx-10-percent-yielding-rich-retirement-dream-machine">recent article</a>.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">My investment decisions for November boosted my net annual forward distributions by $10.60. More importantly, I believe that the objective quality of my portfolio improved from these transactions.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Combined with the <a href="https://www.kodysdividends.com/2023/12/expected-dividend-increases-for.html">$11.28</a> in dividend increases that I received during the month, my net annual forward dividends surged from nearly $4,260 to start the month to $4,280 by the end of it.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your November 2023 for capital deployment?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you sell any stocks as I did during the month?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for your readership and please leave your thoughts below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-6831737310890415022023-12-05T06:00:00.000-08:002024-03-09T10:45:47.419-08:00Expected Dividend Increases for December 2023As I'm writing this blog post, it's hard to believe it is December 1st. If it weren't for a glance at the calendar, you wouldn't know that it is December here in Central Wisconsin. It currently feels like 33 degrees Fahrenheit, which is pretty great for this time of year.<div><br /></div><div>With that aside, now is time to look at the dividend increases that I received last month. I will also preview the dividend announcements that I expect for this month. Let's dig in!</div><h3 style="text-align: left;">Actual Dividend Increases for November 2023</h3><h3 style="text-align: left;">Dividend Increase #1: Main Street Capital (MAIN)</h3><div>Main Street Capital announced a 2.1% increase in its monthly dividend per share to $0.24, which met my <a href="https://www.kodysdividends.com/2023/10/expected-dividend-increases-for.html">forecast</a>.</div><div><br /></div><div>This dividend bump raised my net annual forward dividends by $1.80 across my 30 shares of MAIN.</div><h3 style="text-align: left;">Dividend Increase #2: Aflac (AFL)</h3><div>Aflac declared a 19% hike in its quarterly dividend per share to $0.50. This was well above my expectation of a 4.8% increase to $0.44.</div><div><br /></div><div>Across my 11 shares of AFL, my net annual forward dividends surged higher by $3.52 due to this dividend declaration.</div><h3 style="text-align: left;">Dividend Increase #3: Automatic Data Processing (ADP)</h3><div>Automatic Data Processing announced a 12% boost in its quarterly dividend per share to $1.40, which was just above my prediction of 10.4% and $1.38.</div><div><br /></div><div>My net annual forward dividends grew by $4.20 across my seven shares of ADP as a result of this dividend announcement.</div><h3 style="text-align: left;">Dividend Increase #4: Merck (MRK)</h3><div>Merck declared a 5.5% increase in its quarterly dividend per share to $0.77. This was also in line with my projection.</div><div><br /></div><div>Across my 11 shares of MRK, my net annual forward dividends rose by $1.76 due to this dividend declaration.</div><h3 style="text-align: left;">Dividend Freeze: Simon Property Group (SPG)</h3><div>Simon Property Group announced that it was keeping its quarterly dividend per share in line with the previous of $1.90. I don't really mind SPG's conservatism in light of the current environment, so I am fine with a pause on the dividend increases.</div><h3 style="text-align: left;">Expected Dividend Increases for December 2023</h3><h3 style="text-align: left;">Expected Dividend Increase #1: Realty Income (O)</h3><div>I believe Realty Income will declare a 0.2% increase in its monthly dividend per share to $0.2565.</div><div><br /></div><div>Across my 24 shares of O, my net annual forward dividends would rise by $0.144 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #2: Abbott Laboratories (ABT)</h3><div>My best guess is that Abbott Laboratories will announce a 5.9% boost in its quarterly dividend per share to $0.54.</div><div><br /></div><div>My net annual forward dividends would grow by $0.72 across my six shares of ABT if such an announcement plays out.</div><h3 style="text-align: left;">Expected Dividend Increase #3: Amgen (AMGN)</h3><div>I predict that Amgen will declare an 8% raise in its quarterly dividend per share to $2.30.</div><div><br /></div><div>Across my six shares of AMGN, my net annual forward dividends would increase by $4.08 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #4: American Tower (AMT)</h3><div>I believe that American Tower will announce a 3.7% increase in its quarterly dividend per share to $1.68.</div><div><br /></div><div>My net annual forward dividends would rise by $1.44 across my six shares of AMT if such an announcement materializes.</div><h3 style="text-align: left;">Expected Dividend Increase #5: Bristol Myers Squibb (BMY)</h3><div>My best guess is that Bristol Myers Squibb will declare a 5.3% raise in its quarterly dividend per share to $0.60.</div><div><br /></div><div>Across my 22 shares of BMY, my net annual forward dividends would grow by $2.64 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #6: Broadcom (AVGO)</h3><div>I predict that Broadcom will announce a 10.9% boost in its quarterly dividend per share to $5.10.</div><div><br /></div><div>My net annual forward dividends would rise by $8 across my four shares of AVGO if such an announcement plays out.</div><h3 style="text-align: left;">Expected Dividend Increase #7: CVS Health (CVS)</h3><div>I believe that CVS Health will declare a 9.1% increase in its quarterly dividend per share to $0.66.</div><div><br /></div><div>Across my 15 shares of CVS, my net annual forward dividends would increase by $3.30 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #8: Eastman Chemical (EMN)</h3><div>My best guess is that Eastman Chemical will announce a 3.8% raise in its quarterly dividend per share to $0.82.</div><div><br /></div><div>My net annual forward dividends would grow by $0.84 across my seven shares of EMN if such an announcement materializes.</div><h3 style="text-align: left;">Expected Dividend Increase #9: Pfizer (PFE)</h3><div>I predict that Pfizer will declare a 2.4% increase in its quarterly dividend per share to $0.42.</div><div><br /></div><div>Across my 26 shares of PFE, my net annual forward dividends would rise by $1.04 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #10: Mastercard (MA)</h3><div>I believe that Mastercard will announce a 15.8% boost in its quarterly dividend per share to $0.66.</div><div><br /></div><div>My net annual forward dividends would increase by $1.44 across my four shares of MA if my estimate pans out.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>There you have it. I am slated to receive an additional $11.28 in net annual forward dividends due to the four increases last month. It would take $376 invested at a 3% dividend yield to replicate the effect that dividend increases had on my income.</div><div><br /></div><div>This month is poised to be a pretty busy one on the dividend announcement front, so it will be interesting to see how they all play out! If these predictions play out as anticipated, my net annual forward dividends would surge higher by $23.644. This would be equivalent to investing $788.13 at a 3% dividend yield.</div><h3 style="text-align: left;">Discussion:</h3><div>How were your dividend increases for the month of November?</div><div><br /></div><div>Did you receive any first-time raises as I did with ADP?</div><div><br /></div><div>Thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-7959943047991133912023-11-28T06:00:00.000-08:002024-03-09T10:45:47.422-08:00Weather Update And Interesting Thoughts On VisaAs I'm writing this blog post on Thursday, November 16th, the weather here in Central Wisconsin is beautiful. This is especially true for this time of year. It's expected to reach a high of 62 degrees Fahrenheit today. Ergo, I plan on getting outside soon.<div><br /></div><div>As readers will recall from my <a href="https://www.kodysdividends.com/2023/10/an-update-to-blogs-posting-schedule.html">updated posting schedule blog post</a>, my writing one week out of each month will be meaningfully reduced. That's because I am settling into a role at Dividend Kings and also working on building my emergency fund up. Thus, I won't resume writing my monthly stock watch list post likely until January 2024.</div><div><br /></div><div>In the meantime, here are just thoughts that popped up in my head shortly after writing an article on <a href="https://seekingalpha.com/article/4650667-visa-buy-this-free-cash-flow-machine-and-thank-me-later">Visa</a> (V) over at Seeking Alpha.</div><h3 style="text-align: left;">Visa Practically Has License To Print Money</h3><div>One of the biggest takeaways from my article continued to be V's unbelievable profit margins. In the first nine months of its fiscal year 2023, the company turned 54.4 cents out of each $1 of net revenue into free cash flow.</div><div><br /></div><div>Short of printing money, the closest thing that I can think of in terms of free cash flow margins to V is my home state's lottery. In the last 35 years, the Wisconsin Lottery has paid <a href="https://wilottery.com/about/about-lottery">56.9%</a> of its revenue out in prizes. Operational expenses accounted for another 6.4% of total revenue over that time.</div><div><br /></div><div>This implies that the Wisconsin Lottery's profit margin since its inception has been in the high-30% range. To me, this is just mindboggling and really goes to show just how lucrative V's business model and wide competitive moat make it.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>That's all I really have for this week, so I hope readers found value in the additional perspective regarding V's amazing profitability. Soon, I plan on highlighting the dividend raises that I received in November to date and looking ahead to December.</div><h3 style="text-align: left;">Discussion:</h3><div>Since I'm not aware of any business that is more profitable than V, do you know of any publicly traded companies with higher margins?</div><div><br /></div><div>Thank you for your readership and I look forward to your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-35020293817850348302023-11-21T06:00:00.000-08:002024-03-09T10:45:47.756-08:00Happy Thanksgiving To Everyone!As I'm writing this blog post here on November 20th, it is the week of Thanksgiving. I just wanted to wish everybody a Happy Thanksgiving. I'll also just briefly highlight a few things that I am grateful for and leave it at that for this week.<h3 style="text-align: left;">Gratitude #1: Family</h3><div>As is the case with at least some of us in the investing community, there have been times that I have lost sight of my blessings in my pursuit of wealth. I often look toward the future in anticipation of hopefully one day being on a very financially sound footing.</div><div><br /></div><div>But this time of year especially, I'm so fortunate to have a mother, father, grandmother, uncle, brother, sister-in-law, and nephew who I at least spend some time with each week. I have been trying to live less in the future and more in the present of late. Spending quality time with my family has helped me in this regard.</div><div><br /></div><div>My spending habits are modest by American standards. So, I need to remind myself that the real reason I am investing in the first place is to be able to extend charity toward my family and toward non-profits about which I am passionate. In times of financial need, I hope to be there for my family and others.</div><h3 style="text-align: left;">Gratitude #2: Health</h3><div>As somebody with anxiety and depression, it can be tough for me at times to characterize my health as excellent. But even with my mental health setbacks, I try to remind myself that I'm still in a position so many other people would take in a heartbeat. The fact that I can walk, jog, run, reasonably function, and so much more is something that I strive to not take for granted.</div><h3 style="text-align: left;">Gratitude #3: My Career And Geographic Location</h3><div>Finally, I was blessed to <a href="https://www.kodysdividends.com/2023/10/exciting-career-news.html">rebound from my job loss</a> at Motley Fool rather quickly. Although it will be a sizable pay cut for a while versus where I was at prior to my job loss, I'll still at least be in the middle class, with some disposable income. In an economically developed and relatively free country like the USA, that's still a pretty nice place to be overall.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>Even after my job loss, there are several things that I am so grateful to have in my life. I really couldn't ask for much more than to have a great family, okay health, and a solid career in an exceptional country. Through the trials and tribulations of life, God has blessed me so much more than I deserve!</div><h3 style="text-align: left;">Discussion:</h3><div>What are you grateful for right now?</div><div><br /></div><div>As an honorable mention, I am grateful for your readership and support! Please feel free to leave your comments below.</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com2tag:blogger.com,1999:blog-9013933046767545914.post-16730529830763731882023-11-14T06:00:00.001-08:002024-03-09T10:45:47.475-08:00October 2023 Dividend Income<p>As I'm writing this blog post, it is already Wednesday, November 8th. Surprisingly, the weather is going to be beautiful for this time of year here in Central Wisconsin. After Friday, we'll be in a major warming trend. High temperatures will rise from the low-40 degrees Fahrenheit range to 60 degrees on Tuesday!</p><p>On that note, the time of the month means that the previous month is well behind us. Without further ado, I will dig into my dividend income for October 2023.</p><p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQCsu7KtfylLt6iyn-UiFi9c9UgRyigAu9gIlLJ_TG4dAVg17TTm03eMHLYjUvMXqtNAVnqhwAhiWeGAmKO1Mo8K5y5lp8U9fmkPaikwPeBDcHBaiuEusVpRotlgLvYXs9BX7GpQBGf1XAnJq_SI5tuQCl6G6mMO-2mQ_8lEfI7_YGfD3U5EwwgIcsc1Mt/s1954/Screenshot_20231108-131638~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1954" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQCsu7KtfylLt6iyn-UiFi9c9UgRyigAu9gIlLJ_TG4dAVg17TTm03eMHLYjUvMXqtNAVnqhwAhiWeGAmKO1Mo8K5y5lp8U9fmkPaikwPeBDcHBaiuEusVpRotlgLvYXs9BX7GpQBGf1XAnJq_SI5tuQCl6G6mMO-2mQ_8lEfI7_YGfD3U5EwwgIcsc1Mt/w221-h400/Screenshot_20231108-131638~2.png" width="221" /></a></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjggRiD-ArMTuaoC6vQWjnXIOlkxQavNlzJNBkgCOwIRH_Lt6IGLdxQZG5toZ9M1PGGegH8STJeECIfUEx_lkybzFBvMLcF6cDyT_nJjST7sB_8IzcxWYinoCMrRr1swPOijL1zNT8Jr80A1s0tZAL0RXMuHq_2CQxD1hRxFNP6InUYhZw9c9QbfKGkX2fl/s2007/Screenshot_20231108-131645~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2007" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjggRiD-ArMTuaoC6vQWjnXIOlkxQavNlzJNBkgCOwIRH_Lt6IGLdxQZG5toZ9M1PGGegH8STJeECIfUEx_lkybzFBvMLcF6cDyT_nJjST7sB_8IzcxWYinoCMrRr1swPOijL1zNT8Jr80A1s0tZAL0RXMuHq_2CQxD1hRxFNP6InUYhZw9c9QbfKGkX2fl/w215-h400/Screenshot_20231108-131645~2.png" width="215" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFnBy4ZhSfc-vQGk4PTlY_iCCB5elqvbv74zzcopBYuskHST6AIEIatUZUVTGYLjMkNeM6uNzFDlBnl3ySLRGZO-lKcGtlixFQ-W9zL9Xbr5C58Ym9mxRdJxmBQtqIsuXo5qUQv4LB8AbFFD1yLIJQ-0YY6-IJa-EXnB_xgu6R2iR9FlVuuEVjNW3D8klc/s2009/Screenshot_20231108-131652~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2009" data-original-width="1080" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFnBy4ZhSfc-vQGk4PTlY_iCCB5elqvbv74zzcopBYuskHST6AIEIatUZUVTGYLjMkNeM6uNzFDlBnl3ySLRGZO-lKcGtlixFQ-W9zL9Xbr5C58Ym9mxRdJxmBQtqIsuXo5qUQv4LB8AbFFD1yLIJQ-0YY6-IJa-EXnB_xgu6R2iR9FlVuuEVjNW3D8klc/w215-h400/Screenshot_20231108-131652~2.png" width="215" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiysehC-Z_ey4Et0pRkbqY-IXlIwJmvEvJUc0Hodya5w5J2171mZyxvIkLOjqaf-wribb0kyvy8QMDilEDeDNgudK0nceuLXfYCEjTaK9fAEi-2QN0jyLxe0mUN2xLTfpNwoW5EzX9kqA8nF8xkL29XMvl-_9W-MV3pT7vLS49g6XQ_01r-xbQUklTDP-kQ/s1080/Screenshot_20231108-131658~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="308" data-original-width="1080" height="91" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiysehC-Z_ey4Et0pRkbqY-IXlIwJmvEvJUc0Hodya5w5J2171mZyxvIkLOjqaf-wribb0kyvy8QMDilEDeDNgudK0nceuLXfYCEjTaK9fAEi-2QN0jyLxe0mUN2xLTfpNwoW5EzX9kqA8nF8xkL29XMvl-_9W-MV3pT7vLS49g6XQ_01r-xbQUklTDP-kQ/s320/Screenshot_20231108-131658~2.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNfnyEGnmSst6Jl_aLlhbroGKtmCllZSGaySJ8UpfbQv3oeRMkBY8VzegTZW1ocHv3ny4U0iiLaq_0xrfOozgjsVhbC3Il16P3i7Jq9Q-1UmPWFYJnyyXvf2dC8js0IKZ2RZIgsAPqH-jGnYNv59f39HblwUn9Jf72F3xWsOqk4br2g5tSELPl_7vqSlcd/s1080/Screenshot_20231108-132006~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="856" data-original-width="1080" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNfnyEGnmSst6Jl_aLlhbroGKtmCllZSGaySJ8UpfbQv3oeRMkBY8VzegTZW1ocHv3ny4U0iiLaq_0xrfOozgjsVhbC3Il16P3i7Jq9Q-1UmPWFYJnyyXvf2dC8js0IKZ2RZIgsAPqH-jGnYNv59f39HblwUn9Jf72F3xWsOqk4br2g5tSELPl_7vqSlcd/s320/Screenshot_20231108-132006~2.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: left;">In October 2023, I collected $282.51 in net dividends. That works out to a 9.5% quarterly growth rate over the $258.02 in net dividends received in <a href="https://www.kodysdividends.com/2023/08/july-2023-dividend-income.html">July 2023</a>.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">Compared to the $204.57 in net dividends that I collected in <a href="https://www.kodysdividends.com/2022/11/october-2022-dividend-income.html">October 2022</a>, this equates to a 38.1% year-over-year growth rate.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">Examining these results further, I received $272.08 in net dividends from 29 companies in my Robinhood account. I also collected $10.24 in net dividends from four companies within my Webull portfolio. Finally, I received $0.19 in net dividends from eight companies in my M1 Finance account.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends collected soared by $24.49 from July 2023 to October 2023, which was due to the following activity throughout my portfolio:</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from JPMorgan Chase (JPM) were $0.30 higher within my Robinhood account. That was the result of its <a href="https://www.kodysdividends.com/2023/06/expected-dividend-increases-for-july.html">5% raise</a> announced in June.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I collected an extra $5.01 in net dividends from American Tower (AMT) in my Robinhood portfolio, which was due to the most <a href="https://www.kodysdividends.com/2023/09/expected-dividend-increases-for-october.html">recent dividend increase</a> and my <a href="https://www.kodysdividends.com/2023/07/june-2023-dividend-stock-purchases.html">additional purchase</a> in June.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from W.P. Carey (WPC) grew by $0.02 within my Robinhood account. This was the result of a 0.2% bump in its dividend.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I collected an additional $0.01 from Realty Income (O) in my Robinhood portfolio, which was due to the most recent <a href="https://www.kodysdividends.com/2023/09/expected-dividend-increases-for-october.html">0.2% dividend increase</a> in September.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from Spirit Realty Capital (SRC) grew by $0.13 within my Robinhood account. That was the result of a <a href="https://www.kodysdividends.com/2023/08/expected-dividend-increases-for.html">1% raise</a> in its dividend declared back in August.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I collected an extra $3.45 in net dividends from Medtronic (MDT) in my Robinhood portfolio, which was due to my additional purchase in June.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from Main Street Capital (MAIN) grew by $0.15 within my Robinhood account. That was the result of a 2.2% raise in its dividend in August.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I collected an additional $7.82 in net dividends from Leggett & Platt (LEG) in my Robinhood portfolio, which was due to my add in <a href="https://www.kodysdividends.com/2023/08/august-2023-dividend-stock-purchases.html">August</a>.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from Medical Properties Trust (MPW) declined by $8.96 within my Robinhood account. That was the result of the 48.3% slash to the dividend in August.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I also collected $0.21 less from GSK (GSK) in my Robinhood portfolio, which is due to the variability of the dividend payment.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">My net dividends received from Philip Morris International (PM) grew by $0.63 within my Robinhood and Webull accounts. This was the result of a 2.4% raise in September.</div><div class="separator" style="clear: both; text-align: left;"><br /></div>I collected $0.97 in additional dividends from Altria Group (MO) in my Robinhood, Webull, and M1 Finance portfolios, which was due to the 4.3% raise announced in August.<div><br /></div><div>My net dividends received from VICI Properties (VICI) surged higher by $7.05 within my Robinhood account. That was the result of the 6.4% raise in September and my tranche purchased in August.</div><div><br /></div><div>I collected an extra $5.61 in net dividends from Iron Mountain (IRM) in my Robinhood and Webull portfolios. This was due to the 5.1% raise in the dividend and my purchase of more shares in August.</div><div><br /></div><div>My net dividends received from Automatic Data Processing (ADP) grew by $2.50 within my Robinhood account, which was the result of my <a href="https://www.kodysdividends.com/2023/08/july-2023-dividend-stock-purchases.html">addition in July</a>.</div><div><br /></div><div>Finally, I collected an extra $0.01 from Illinois Tool Works (ITW) in my M1 Finance portfolio. This was due to the 6.9% raise announced in August.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>For the sake of building my emergency fund up to around nine months of expenses, I'm not expecting to begin deploying at least $1,500 in monthly capital until at least January. Thus, January 2024 net dividend income will likely clock in just below $300. But that should be my final month with net dividend income under the $300 mark.</div><h3 style="text-align: left;">Discussion:</h3><div>How was your dividend income in October 2023?</div><div><br /></div><div>Did you get paid any first-time dividends during the month?</div><div><br /></div><div>As always, I appreciate your readership and welcome your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-57291916350884308062023-11-07T06:00:00.000-08:002024-03-09T10:45:47.825-08:00October 2023 Dividend Stock Purchases<div>As I'm writing this blog post, it's Friday, November 3, 2023. The temperature is going to reach a high of 47 degrees Fahrenheit here in Central Wisconsin, which isn't bad for this time of year.</div><div><br /></div><div>With that aside, let's briefly highlight my one sale and my one purchase for the month of October.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh40UAYyibQ4arGyLveAFxZhBPxBsWkjyn9UChamk886pfYAxWc1xgjK_v6samyjhk3ToLH3cQmG60dG1Wk495OoazW458f2Z8RKnRD24Riw09pAiPkLSyZU9jjAv_5Lti6jta-Uqf-Yb40OoVDAuD4wJQ87O7OSeujovRXjz084DlOCoMm2c8Wh9zp9qoI/s1080/Screenshot_20231030-145551~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="519" data-original-width="1080" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh40UAYyibQ4arGyLveAFxZhBPxBsWkjyn9UChamk886pfYAxWc1xgjK_v6samyjhk3ToLH3cQmG60dG1Wk495OoazW458f2Z8RKnRD24Riw09pAiPkLSyZU9jjAv_5Lti6jta-Uqf-Yb40OoVDAuD4wJQ87O7OSeujovRXjz084DlOCoMm2c8Wh9zp9qoI/s320/Screenshot_20231030-145551~2.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: left;">My one sale for the month of October was 14 shares of W.P. Carey (WPC) at $52.58 a share. Unfortunately, the company made the decision to exit office properties through a spin-off. This will result in a 20% dividend cut, which is a tragedy as WPC was just a year away from a 25-year dividend growth streak. As my colleagues Adam Galas and Brad Thomas explained in a <a href="https://seekingalpha.com/article/4637224-wp-carey-im-no-longer-sleeping-well-at-night">recent article</a> on Seeking Alpha, the move was arguably questionable. WPC had already been working on and succeeding at reducing its exposure to office properties in recent years. The move just suggests that management isn't very confident in its fundamentals right now.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">In limited circumstances, there are times that I will hold after a dividend cut. I did so with Energy Transfer (ET) and it has worked out pretty well. But I've simply ran out of patience with WPC. This action reduced my net annual forward dividends by $59.864, pending the actual amount of what the cut would have been.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">I redeployed these capital proceeds into Ares Capital (ARCC), which is arguably the best BDC in the world not named Main Street Capital (MAIN). I purchased 38 shares at an average cost per share of $18.97, which equates to a 10.12% dividend yield considering the $72.96 in net annual forward dividends added by this transaction. Investors can learn more about why I'm comfortable with the stock in this <a href="https://seekingalpha.com/article/4642780-ares-capital-get-paid-a-10-percent-plus-dividend-and-sleep-well-at-night">recent article</a>.</div><h3 style="clear: both; text-align: left;">Concluding Thoughts:</h3><div class="separator" style="clear: both; text-align: left;">Though they are rare when a portfolio is properly constructed, dividend cuts are a (painful) part of the game. Fortunately, there are plenty of great businesses in which the proceeds can be redeployed.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">Thanks to $17.74 in <a href="https://www.kodysdividends.com/2023/10/expected-dividend-increases-for.html">dividend increases</a> and my swapping of WPC for ARCC, my net annual forward dividends grew from just shy of $4,230 at the start of October to nearly $4,260 heading into this month.</div><h3 style="clear: both; text-align: left;">Discussion:</h3><div class="separator" style="clear: both; text-align: left;">Do you own WPC? If so, what are you doing with your shares following the news in late September?</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;">As always, thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-29721392878893841232023-10-31T06:00:00.007-07:002024-03-09T10:45:47.513-08:00Exciting Career News<div>As I'm writing this blog post on Friday, October 20, 2023, it's currently 56 degrees Fahrenheit and raining here in Central Wisconsin. This is about what you would expect for late-October, but it certainly beats snow!</div><div><br /></div><div>With that weather update aside, I have some thrilling news regarding my career. As I alluded to a couple of weeks ago about my blogging schedule for the <a href="https://www.kodysdividends.com/2023/10/an-update-to-blogs-posting-schedule.html">rest of 2023</a>, I'll elaborate on said news in this blog post.</div><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjOM8gCDAX5S79gBgznBR7NXUHiwL0BklQ_Dhsv78lZJV98RR5SYhqqxru82WC7bMzJ3L8xV51UT7mKEap5d_yZerc9RpYVt22u_bknKVMrOAdfGqsiLYfIWe4VUom_zyy7PKKzFbKpJq77qkhBeHWJCd5SvqN02IMtkXWv8H6bnG4lOoudOuEvKqirLHlb" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="356" data-original-width="612" height="186" src="https://blogger.googleusercontent.com/img/a/AVvXsEjOM8gCDAX5S79gBgznBR7NXUHiwL0BklQ_Dhsv78lZJV98RR5SYhqqxru82WC7bMzJ3L8xV51UT7mKEap5d_yZerc9RpYVt22u_bknKVMrOAdfGqsiLYfIWe4VUom_zyy7PKKzFbKpJq77qkhBeHWJCd5SvqN02IMtkXWv8H6bnG4lOoudOuEvKqirLHlb" width="320" /></a></div><br /><div style="text-align: center;">Image Source: <a href="https://www.istockphoto.com/photo/cross-roads-horizon-gm135526449-18572302?utm_campaign=srp_photos_10&utm_content=https%3A%2F%2Fwww.pexels.com%2Fsearch%2Ffork%2520in%2520the%2520road%2F&utm_medium=affiliate&utm_source=pexels&utm_term=fork+in+the+road">iStock</a></div></div><h3 style="text-align: left;">I'm Officially An Analyst At The Dividend Kings</h3><div>Even preceding the formation of this blog in July 2018, I was and still am keenly interested in the dividend growth investing strategy. There were several individuals who were instrumental in the shaping this as my intended investing strategy since my teens, such as Joshua Kennon (dating back to when Dotdash was About.com) and Jason Fieber.</div><div><br /></div><div>But ever since I created an account at Seeking Alpha in 2017, the individuals whose work I have followed the most include Brad Thomas and most especially, Dividend Sensei (aka Adam Galas). Reading the work of these guys over the years, my understanding of how to assess a company's quality (e.g., operating fundamentals, balance sheet strength, and risk management) and valuation has grown immensely.</div><div><br /></div><div>Adam, Brad, and the team of analysts at <a href="https://seekingalpha.com/checkout?service_id=mp_1319">The Dividend Kings</a> and <a href="https://seekingalpha.com/checkout?service_id=mp_1026">iREIT on Alpha</a> are hands down among the very best in this business. That's why I'm happy to report that besides ramping up my content production at Seeking Alpha, I have taken a role as an analyst at the former. Each week, I write an article for Dividend Kings that is then eventually published to SA by Dividend Sensei. Here are the links to the first three that I have co-produced for those who are interested: <a href="https://seekingalpha.com/article/4639255-huntington-ingalls-great-long-term-opportunity-for-next-recession">Huntington Ingalls Industries</a> (HII) and <a href="https://seekingalpha.com/article/4640209-johnson-and-johnson-conservative-high-yield-dividend-aristocrat-buy">Johnson & Johnson</a> (JNJ) and an EPD, MAIN, and PM <a href="https://seekingalpha.com/article/4641941-7-percent-yielding-no-brainer-buys">listicle</a>.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>For a while now, I have thought about writing for a Marketplace service on SA. Almost two years after initially passing up an offer from DK to continue writing at Motley Fool, things have come full circle. I now am prepared to seize upon this opportunity and am eternally grateful to Dividend Kings for welcoming me aboard.</div><h3 style="text-align: left;">Discussion:</h3><div>Which individuals have been most important to your formation as an investor?</div><div><br /></div><div>Thanks for reading and please leave your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-12726752175931696372023-10-24T06:00:00.004-07:002024-03-09T10:45:47.461-08:00Expected Dividend Increases for November 2023<p style="text-align: left;">As I'm writing this blog post, it is Monday, October 23, 2023. The temperature is currently 54 degrees Fahrenheit here in Central Wisconsin, which isn't bad for this time of year. That's why I plan on getting outside shortly to enjoy the days above freezing while we still have them.</p><p style="text-align: left;">Weather aside, the time of the month makes it a decent time to cover the dividend increases that have come my way so far this month. As of writing, I still expect three raises to come in over the next few days. Thus, I will update this post as necessary. Let's dig into those dividend hikes and look ahead to next month!</p><p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiEVwWwAZHFPmkf9ZUPMcyudTmDZdX6asHtvoTpD8G5DglN1yIP2-Z8OGhV5AlaAnpfkkrItIcZpsY5kwughwuEDguK2zlpXecfMdOxHD0GQtsXPIVmvPX4Lr6xzqHTg2EDWAq9gqCMv8MY0kUOTJmQMkXxZCPKlHNjQDG519GpNq9-pr1708s8_X9TkVRr" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="194" data-original-width="320" height="194" src="https://blogger.googleusercontent.com/img/a/AVvXsEiEVwWwAZHFPmkf9ZUPMcyudTmDZdX6asHtvoTpD8G5DglN1yIP2-Z8OGhV5AlaAnpfkkrItIcZpsY5kwughwuEDguK2zlpXecfMdOxHD0GQtsXPIVmvPX4Lr6xzqHTg2EDWAq9gqCMv8MY0kUOTJmQMkXxZCPKlHNjQDG519GpNq9-pr1708s8_X9TkVRr" width="320" /></a></p><h3 style="text-align: left;">Actual Dividend Increases for October 2023</h3><h3 style="text-align: left;">Dividend Increase #1: A.O. Smith (AOS)</h3><p style="text-align: left;">A.O. Smith announced a 6.7% increase in its quarterly dividend per share to $0.32, which was just below <a href="https://www.kodysdividends.com/2023/09/expected-dividend-increases-for-october.html">my estimate</a> of a raise to $0.33. But I don't mind a conservative raise from AOS.</p><p style="text-align: left;">Across my 12 shares of AOS, my net annual forward dividends grew by $0.96 due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #2: Energy Transfer (ET)</h3><p style="text-align: left;">Energy Transfer declared a 0.8% raise in its quarterly distribution per unit to $0.3125. That was precisely what I expected.</p><p style="text-align: left;">My net annual forward distributions rose by $0.86 across my 86 units of ET as a result of this distribution declaration.</p><h3 style="text-align: left;">Dividend Increase #3: Lockheed Martin (LMT)</h3><p style="text-align: left;">Lockheed Martin announced a 5% bump in its quarterly dividend per share to $3.15, which was less than my forecast of $3.20. However, I will still take the raise!</p><p style="text-align: left;">Across my four shares of LMT, my net annual forward dividends climbed by $2.40 due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #4: McDonald's (MCD)</h3><p style="text-align: left;">McDonald's declared a 9.9% raise in its quarterly dividend per share to $1.67. That's better than the $1.63 that I was expecting, which is why I'm lovin' MCD's dividend.</p><p style="text-align: left;">My net annual forward dividends grew by $1.80 across my three shares of MCD as a result of this dividend declaration.</p><h3 style="text-align: left;">Dividend Increase #5: Pinnacle West Capital (PNW)</h3><p style="text-align: left;">Pinnacle West Capital announced a 1.7% increase in its quarterly dividend per share to $0.88, which was what I anticipated.</p><p style="text-align: left;">Across my seven shares of PNW, my net annual forward dividends inched higher by $0.42 due to this dividend announcement.</p><h3 style="text-align: left;">Dividend Increase #6: Tanger Factory Outlet Centers (SKT)</h3><p style="text-align: left;">Tanger Factory Outlet Centers declared a 6.1% increase in its quarterly dividend per share to $0.26. That was just below my prediction of $0.265.</p><p style="text-align: left;">My net annual forward dividends grew by $0.66 across my 11 shares as a result of this dividend declaration.</p><h3>Dividend Increase #7: AbbVie (ABBV)</h3><p>AbbVie hasn't yet announced its dividend increase. But since they will be releasing Q3 earnings this Friday (Oct. 27), I would expect the 4.1% raise to $1.54 to go through by that time.</p><p>Across my 14 shares of ABBV, my net annual forward dividends would surge $3.36 higher from such an announcement.</p><p>UPDATE: ABBV announced a 4.7% increase in its quarterly dividend per share to $1.55. Across my 14 shares, this lifted my net annual forward dividends by $3.92 due to the announcement.</p><h3>Dividend Increase #8: Exxon Mobil (XOM)</h3><p>Exxon Mobil will also be releasing its Q3 earnings on Friday. This is when I anticipate a 4.4% increase in its quarterly dividend per share to $0.95 will be declared.</p><p>My net annual forward dividends would rise by $1.76 across my 11 shares of XOM due to such a dividend declaration.</p><p>UPDATE: XOM declared a 4.4% increase in its quarterly dividend per share to $0.95 as I expected. My net annual forward dividends grew by $1.76 across my 11 shares of XOM as a result of the declaration.</p><h3>Dividend Increase #9: Visa (V)</h3><p>Visa will be sharing earnings results for its fiscal Q4 tomorrow. That's when I believe V will announce a 16.7% hike in its quarterly dividend per share to $0.525.</p><p>Across my seven shares of V, my net annual forward dividends would grow by $2.10 from such an announcement.</p><p>UPDATE: V announced a 15.6% boost in its quarterly dividend per share to $0.52. Across my seven shares of V, my net annual forward dividends rose by $1.96 due to the announcement.</p><h3>Dividend Increase #10: American Electric Power (AEP)</h3><p>I am reiterating my expectation of a 6% boost in the quarterly dividend per share to $0.88 from American Electric Power.</p><p>UPDATE: AEP declared a 6% increase in its quarterly dividend per share to $0.88. My net annual forward dividends grew by $3 across my 15 shares of AEP as a result of the declaration.</p><h3 style="text-align: left;">Dividend Freeze: Crown Castle International (CCI)</h3><p style="text-align: left;">Crown Castle International kept its quarterly dividend per share in line at $1.565. Considering the higher churn that the company is dealing with stemming from the T-Mobile and Sprint merger, this is okay with me. Management is committed to keeping the dividend the same in 2024 and expects growth to resume in 2025 and beyond.</p><h3 style="text-align: left;">Expected Dividend Increases for November 2023</h3><h3 style="text-align: left;">Expected Dividend Increase #1: Automatic Data Processing (ADP)</h3><p style="text-align: left;">The first dividend hike that I'm expecting will come from Automatic Data Processing (ADP). My best guess is that ADP will declare a 10.4% raise in its quarterly dividend per share to $1.38.</p><p style="text-align: left;">My net annual forward dividends would rise by $3.64 if this prediction plays out across my seven shares of ADP due to such a declaration.</p><h3 style="text-align: left;">Expected Dividend Increase #2: Aflac (AFL)</h3><p style="text-align: left;">The third dividend increase that I'm predicting for next month will come from Aflac. I believe AFL will declare a 4.8% raise in its quarterly dividend per share to $0.44.</p><p style="text-align: left;">My net annual forward dividends would rise by $0.88 across my 11 shares of AFL due to such a declaration.</p><h3 style="text-align: left;">Expected Dividend Increase #3: Main Street Capital (MAIN)</h3><p style="text-align: left;">The next dividend raise that I expect in November is from Main Street Capital. My best guess is that MAIN will announce a 2.1% increase in its monthly dividend per share to $0.24.</p><p style="text-align: left;">Across my 30 shares of MAIN, my net annual forward dividends would surge higher by $1.80 from such an announcement.</p><h3 style="text-align: left;">Expected Dividend Increase #4: Merck (MRK)</h3><p style="text-align: left;">The fifth dividend bump that I'm predicting for next month will come from Merck. I believe that MRK will declare a 5.5% increase in its quarterly dividend per share to $0.77.</p><p style="text-align: left;">My net annual forward dividends would grow by $1.76 across my 11 shares of MRK due to such a declaration.</p><h3 style="text-align: left;">Expected Dividend Increase #5: Simon Property Group (SPG)</h3><p style="text-align: left;">The final dividend raise that I expect in November is from Simon Property Group. My guess is that SPG will announce a 2.6% bump in its quarterly dividend per share to $1.95.</p><p style="text-align: left;">Across my nine shares of SPG, my net annual forward dividends would rise by $1.80 from such an announcement.</p><h3 style="text-align: left;">Concluding Thoughts:</h3><p style="text-align: left;">I received $17.74 in dividend increases from 10 companies in October. That would be like investing $591.33 in fresh capital at a 3% dividend yield.</p><p style="text-align: left;">In November, I expect to get a $9.88 boost in net annual forward dividends from raises. This is equivalent to investing $329.33 at a 3% yield.</p><h3 style="text-align: left;">Discussion:</h3><p style="text-align: left;">How was your October for dividend declarations?</p><p style="text-align: left;">Did you receive any first-time raises during the month?</p><p style="text-align: left;">As usual, I appreciate your readership and look forward to your comments below!</p>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-23437548020043397002023-10-17T06:00:00.004-07:002024-03-09T10:45:47.496-08:00An Update To The Blog's Posting Schedule<p>As I'm writing this blog post on Friday, October 13, it is just 46 degrees Fahrenheit and raining here in Central Wisconsin. Damp and cold weather is an excellent indication that fall is here and winter isn't far behind.</p><p>With that aside, I wanted to update readers on a change to my writing schedule for this blog for at least the foreseeable future.</p><h3 style="text-align: left;">I Am Pausing The Monthly Stock Watch List Blog Post (For Now)</h3><p>Readers familiar with this blog may be aware of my monthly stock watch list blog posts. These are where are highlight three stocks that are on my watch list for each month. I didn't highlight any stocks that were on my watch list for October 2023 for the following reasons:</p><p>1) My <a href="https://www.kodysdividends.com/2023/09/major-life-update-and-two-takeaways.html">recent job loss</a> prompted me to strive to boost my emergency fund from three months to around six months by the end of this year. Thus, I likely won't be investing enough capital to justify writing these blogs until early next year.</p><p>2) My schedule is also a bit busier as I adjust to my new role (more on that to come in a later blog post).</p><h3 style="text-align: left;">All Other Blog Posts Will Continue</h3><div>Since I won't be writing my monthly stock watch list blog posts again until probably January 2024, there will be one or two weeks each month where I probably won't write anything. That will all just depend on whether there are four or five Tuesdays in a given month.</div><div><br /></div><div>The good news is that I will continue my monthly dividend income, dividend stock purchases (to a lesser extent due to little available capital), and dividend increases/expected dividend increases series indefinitely.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>So, that's what the plan is for the remainder of the year. I just want to thank everyone for their readership and support over the years. I look forward to continuing to blog on an almost as frequent basis for the rest of this year before likely returning to the same schedule at the start of next year.</div><h3 style="text-align: left;">Discussion:</h3><div>Please feel free to leave any thoughts you may have in the comments section below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-15742913646343814302023-10-10T06:00:00.001-07:002024-03-09T10:45:47.471-08:00September 2023 Dividend Income<p>As I'm writing this blog post on Friday, October 6, it is currently 52 degrees Fahrenheit here in Central Wisconsin. The foreseeable future is going to be stuck in the 50 degrees Fahrenheit range, which makes it a bit less pleasurable to be outside. But it's still doable.</p><p>With that aside, the month of September is about a week in the books. That makes now a good time to look at my dividend income for the month.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBZr2i85JzprkJsvIGr6ZPEBfpU5HVwpMsZh6a2OZLvUPr0tVVVbvShJQpvm7sKBEeaH9o2-dwyQcHlyOrCHavPOZLzWh6X8kTd-gVn1aMRBQMl3lk-gqLNSZWrgr3T8BGfAQZXCqiRRMKcQmdzQoyNz_JWhOEWwSuwDVFQfVIhfWD8yIeR1Blk_uL_NLE/s1827/Screenshot_20231006-145114~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1827" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBZr2i85JzprkJsvIGr6ZPEBfpU5HVwpMsZh6a2OZLvUPr0tVVVbvShJQpvm7sKBEeaH9o2-dwyQcHlyOrCHavPOZLzWh6X8kTd-gVn1aMRBQMl3lk-gqLNSZWrgr3T8BGfAQZXCqiRRMKcQmdzQoyNz_JWhOEWwSuwDVFQfVIhfWD8yIeR1Blk_uL_NLE/s320/Screenshot_20231006-145114~2.png" width="189" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJYU7BKBwCquhIG_HvDemXnhwrTUSPRimIYZLp7k4bS2BHq5lUxw270QEgxgGm6EUrJ7TgJXI9CbrCfY6ElreAYWoGUuTEyZlVhS6ehFtDmumZrnqGDN7WgV679yLMKpYls80qH2qvfQXQTXdJrAEuyXIH0py2PQutw-OlxeWq62yicM8YIIi5RuokXWxV/s2006/Screenshot_20231006-145122~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2006" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJYU7BKBwCquhIG_HvDemXnhwrTUSPRimIYZLp7k4bS2BHq5lUxw270QEgxgGm6EUrJ7TgJXI9CbrCfY6ElreAYWoGUuTEyZlVhS6ehFtDmumZrnqGDN7WgV679yLMKpYls80qH2qvfQXQTXdJrAEuyXIH0py2PQutw-OlxeWq62yicM8YIIi5RuokXWxV/s320/Screenshot_20231006-145122~2.png" width="172" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgi_LJl-V4_cqUrP_upsyRoT26Km-9o80IaPX0x4Pf8ibPq6S021_e371aMatdZEJ-c3ZCPOJjsgGc6JCZIvgB_hbGegCIQmk-7MtqfQiyx4AcJy7jeI-2WLMmpyWreH7hdIS6lmHr7TOHNgfTs3K1whCuS2FPFdAY_2d-cMsb6QrVOWJfb7ePHasXcGUV_/s2034/Screenshot_20231006-145131~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2034" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgi_LJl-V4_cqUrP_upsyRoT26Km-9o80IaPX0x4Pf8ibPq6S021_e371aMatdZEJ-c3ZCPOJjsgGc6JCZIvgB_hbGegCIQmk-7MtqfQiyx4AcJy7jeI-2WLMmpyWreH7hdIS6lmHr7TOHNgfTs3K1whCuS2FPFdAY_2d-cMsb6QrVOWJfb7ePHasXcGUV_/s320/Screenshot_20231006-145131~2.png" width="170" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgODXinSJ4D8MfWYf8VWtw_bKX_N7WrQHHl_sHtcSYRJi5Na_Tw1mKR_ymAvgD4qjALokkCUmjTylsCtNKHVlN7ekR62Gn9cbkJoGi6bw0jFvytWhy0yhyMAQwMmFXH5UAbeg4N7SktddFYojIL20QaB1olAp38b0tbjrhYh57lFUpumVtSxHo-3fAMubVb/s1994/Screenshot_20231006-145137~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1994" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgODXinSJ4D8MfWYf8VWtw_bKX_N7WrQHHl_sHtcSYRJi5Na_Tw1mKR_ymAvgD4qjALokkCUmjTylsCtNKHVlN7ekR62Gn9cbkJoGi6bw0jFvytWhy0yhyMAQwMmFXH5UAbeg4N7SktddFYojIL20QaB1olAp38b0tbjrhYh57lFUpumVtSxHo-3fAMubVb/s320/Screenshot_20231006-145137~2.png" width="173" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNAUFIbkj2c9TxGn9u0uXLF_GWtkwnznzqWrl3NDX4oLHtpLJVkv9OTvXQ11_plv6GiyiWJjXP03yDrXPlNQtEuKWCzkSLKQeQU4gWnMyknAsHe4qure4Ezr1SQOhWXJtfyInEuuiptJ6rInOEzc-Oz3NjiRj4xhCS9mGjhukudEz2yDiDinlfezpMVCKR/s1834/Screenshot_20231006-145146~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1834" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNAUFIbkj2c9TxGn9u0uXLF_GWtkwnznzqWrl3NDX4oLHtpLJVkv9OTvXQ11_plv6GiyiWJjXP03yDrXPlNQtEuKWCzkSLKQeQU4gWnMyknAsHe4qure4Ezr1SQOhWXJtfyInEuuiptJ6rInOEzc-Oz3NjiRj4xhCS9mGjhukudEz2yDiDinlfezpMVCKR/s320/Screenshot_20231006-145146~2.png" width="188" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7-j8D5z7s23R1uUjAabpOmH1S1cKSY6LWte9QL70h3nNsbCNNLlcWE6BhhOAuQfRJQ41L8jBcDNU-azD6zVGzW6MsH2tA8Hn_yZxI5JS546Tk1MRcaFZn14b9xjfwYyunm6YG3bJl7XpKYYqoQbuZnzVTQqGH8qEb5KdqooFl3krHjYT_RP7TRIbBacKh/s1207/Screenshot_20231006-145255~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1207" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7-j8D5z7s23R1uUjAabpOmH1S1cKSY6LWte9QL70h3nNsbCNNLlcWE6BhhOAuQfRJQ41L8jBcDNU-azD6zVGzW6MsH2tA8Hn_yZxI5JS546Tk1MRcaFZn14b9xjfwYyunm6YG3bJl7XpKYYqoQbuZnzVTQqGH8qEb5KdqooFl3krHjYT_RP7TRIbBacKh/s320/Screenshot_20231006-145255~2.png" width="286" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmFxG7mygUfawWFdzJe09l1wNB7mmaBwq8hrsdY44s8m3YcciJ4q9WxJf9EiH2yH962flZe3b6N2KJpM_NvOGITt6HnK2Q-AfTkz_jTkL5uHnonrbkZVIfOLAHpoKi7IJiKjXq0kKTkaHaeWdLQJXOL8lsh8KqztlAYxMfYZNRy4QIOrlv6EGpfU6Xgzvk/s1080/Screenshot_20230929-140556~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="1080" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmFxG7mygUfawWFdzJe09l1wNB7mmaBwq8hrsdY44s8m3YcciJ4q9WxJf9EiH2yH962flZe3b6N2KJpM_NvOGITt6HnK2Q-AfTkz_jTkL5uHnonrbkZVIfOLAHpoKi7IJiKjXq0kKTkaHaeWdLQJXOL8lsh8KqztlAYxMfYZNRy4QIOrlv6EGpfU6Xgzvk/s320/Screenshot_20230929-140556~2.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;">During September 2023, I received $434.85 in net dividends. Against the $421.41 in net dividends that I collected in <a href="https://www.kodysdividends.com/2023/07/june-2023-dividend-income.html">June 2023</a>, this equates to a 3.2% quarterly growth rate.</div><p>Compared to the $343.64 in net dividends that I received in <a href="https://www.kodysdividends.com/2022/10/september-2022-dividend-income.html">September 2022</a>, this works out to a 26.5% year-over-year growth rate.</p><p>Sparing the painstaking details of every component that led my dividend income higher, I will simply go over an overview of each of my accounts moving forward with this series.</p><p>I collected $337.10 in net dividends from 47 companies in my Robinhood account. This was including a the relatively routine special dividend that is paid by Main Street Capital in the end month of each quarter. The oddity of the month within this portfolio was the $3.96 special distribution paid by Magellan Midstream Partners in relation to its deal with ONEOK (OKE) as I explained in my <a href="https://www.kodysdividends.com/2023/10/september-2023-dividend-stock-purchases.html">previous blog post</a>. Otherwise, the biggest contributor to my increased dividend income was my purchase of 30 shares of Brookfield Asset Management (BAM) in <a href="https://www.kodysdividends.com/2023/08/august-2023-dividend-stock-purchases.html">August</a>.</p><p>Next, I received $81.36 in net dividends from my Capital Income Builder (CAIBX) mutual fund within my retirement portfolio from a previous employer. This was slightly more due to my higher share count from dividend reinvestment.</p><p>I also collected $15.88 in net dividends from six companies in my Webull account. This was slightly higher due to the dividend hike from UnitedHealth Group (UNH) <a href="https://www.kodysdividends.com/2023/06/expected-dividend-increases-for-july.html">announced in June</a>.</p><p>Finally, I received $0.51 in net dividends from 23 companies within my M1 Finance portfolio. The timing of PepsiCo's (PEP) dividend more than offset the extra $0.01 from Hershey (HSY) from its dividend raise declared <a href="https://www.kodysdividends.com/2023/07/expected-dividend-increases-for-august.html">back in July</a>.</p><h3 style="text-align: left;">Concluding Thoughts:</h3><p>Another month has concluded and the dividend portfolio is steadily growing. Since my capital deployment will be minimal for the foreseeable future as I <a href="https://www.kodysdividends.com/2023/09/major-life-update-and-two-takeaways.html">build up</a> my emergency fund, dividend reinvestment and dividend raises are going to have to carry me for at least the rest of this year.</p><h3 style="text-align: left;">Discussion:</h3><p>How was your dividend income during September 2023?</p><p>Did you receive any first-time dividends last month as I did with BAM?</p><p>Thanks for your readership and please feel free to comment below!</p>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-20709062924501330012023-10-03T06:00:00.001-07:002024-03-09T10:45:47.482-08:00September 2023 Dividend Stock PurchasesAs I'm writing this blog post on Friday, September 29, the weather has warmed up again here in Central Wisconsin. Today is supposed to reach a high temperature of 76 degrees Fahrenheit and the weekend is going to reach into the low- to mid-80 degrees Fahrenheit range. This will probably be one of the last beautiful weekends before the temperatures get frigid and the outdoors isn't so enjoyable for six months. That's why I'm definitely going to get outside for at least a few hours this weekend!<div><br /></div><div>Since the month of September is basically over, now is a good time to go over the dividend stock purchases for the month. Given that I recently <a href="https://www.kodysdividends.com/2023/09/major-life-update-and-two-takeaways.html">lost my position</a> at The Motley Fool and I would like to build up my emergency fund, I didn't deploy any of my own capital this month. Let's dig in.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUH25ve6z8HkkPxLTlLGxJKeGEa2sun4Q3aqvGYv6CNHwn08j-TyFIpgSonm_qWlaXsIhoLNLYuzKw0v92pfCGmz2duKhGlmri3u66ahdkXAFJakOZAyRwb6MkdF53EW7AIQO7lQqZLMEuNs1lYccRv6ltcxMw1FseD_F71hhWWdt4wWhKkHc_PQRkA-cP/s1080/Screenshot_20230929-140556~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="1080" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUH25ve6z8HkkPxLTlLGxJKeGEa2sun4Q3aqvGYv6CNHwn08j-TyFIpgSonm_qWlaXsIhoLNLYuzKw0v92pfCGmz2duKhGlmri3u66ahdkXAFJakOZAyRwb6MkdF53EW7AIQO7lQqZLMEuNs1lYccRv6ltcxMw1FseD_F71hhWWdt4wWhKkHc_PQRkA-cP/s320/Screenshot_20230929-140556~2.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgk9CozYrhBo8qqdhL4LvnmNWUh5ssrhhJshVyIGoWWJYLkxaIhSZujHJaDF0XdvMHfPWuglkDi0UFgR1LioR_-5dsYZH6l_jPhChhe3dKVOgBqi9mfMBxOqMy-QcLzVR-kKca75tudhV6zZTntaT4NIJSFZv4nSQeiuHSdwFnSHys6YnZ3L7FHEkPlvIm7/s1080/Screenshot_20230929-140436~2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="311" data-original-width="1080" height="92" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgk9CozYrhBo8qqdhL4LvnmNWUh5ssrhhJshVyIGoWWJYLkxaIhSZujHJaDF0XdvMHfPWuglkDi0UFgR1LioR_-5dsYZH6l_jPhChhe3dKVOgBqi9mfMBxOqMy-QcLzVR-kKca75tudhV6zZTntaT4NIJSFZv4nSQeiuHSdwFnSHys6YnZ3L7FHEkPlvIm7/s320/Screenshot_20230929-140436~2.png" width="320" /></a></div><br /><div>Starting with my retirement account, I reinvested $81.36 in dividends from my Capital Income Builder (CAIBX) mutual fund. This increased my position by 1.29 shares at an average cost per share of $63.07. The resulting $2.75 lift in my net annual forward dividends equates to a 3.38% net dividend yield.</div><div><br /></div><div>Thanks to the recent action that ONEOK (OKE) took to <a href="https://ir.oneok.com/~/media/Files/O/ONEOK-IR-V3/press-release/oneok-to-acquire-magellan-midstream-partners.pdf">buy all units</a> of Magellan Midstream Partners (MMP) in an $18.8 billion deal, my direct position in MMP is no more. My 16 units of MMP were exchanged for 10.672 shares of the new OKE and $403.96 in cash from OKE's $25 per unit cash payment and MMP's special distribution per unit of <a href="https://www.magellanlp.com/Investors/CashDistributionsAndQualifiedNotice.aspx">$0.2474</a>. I took the proceeds from this deal and redeployed them into another 6.328 shares of new OKE at an average cost per share of $63.64. These actions boosted my net annual forward dividends by $64.94.</div><div><br /></div><div>I lost $67.04 in net annual forward distributions from the closing of my position in MMP, so this corporate action lowered my net annual forward dividends by $2.10. But the new OKE is going to be an absolute force to be reckoned with in many ways, so I view this as an overall positive.</div><h3 style="text-align: left;">Concluding Thoughts:</h3><div>My net annual forward dividends edged $0.65 higher from dividend stock purchases and the like during the month of September.</div><div><br /></div><div>Fortunately, my portfolio worked harder than I did to make me richer for the month. Due to the <a href="https://www.kodysdividends.com/2023/09/expected-dividend-increases-for-october.html">$16.906</a> in dividend increases that I received during the month, my net annual forward dividends climbed from just shy of $4,210 to start September to nearly $4,230 heading into October.</div><h3 style="text-align: left;">Discussion:</h3><div>How was your capital deployment in September 2023?</div><div><br /></div><div>Did you start any new positions during the month?</div><div><br /></div><div>I appreciate your readership and welcome your comments below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com0tag:blogger.com,1999:blog-9013933046767545914.post-66251968816928582402023-09-26T06:00:00.082-07:002024-03-09T10:45:48.085-08:00Expected Dividend Increases for October 2023<div>As I'm writing this blog post on Saturday, September 23, it is currently 64 degrees Fahrenheit and raining. That's basically perfect weather for staying inside and writing a blog post!</div><div><br /></div><div>With that aside, now would be a good time to write about the dividend increases that I received during the month. Let's dig in.</div><div><br /></div><div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiEVwWwAZHFPmkf9ZUPMcyudTmDZdX6asHtvoTpD8G5DglN1yIP2-Z8OGhV5AlaAnpfkkrItIcZpsY5kwughwuEDguK2zlpXecfMdOxHD0GQtsXPIVmvPX4Lr6xzqHTg2EDWAq9gqCMv8MY0kUOTJmQMkXxZCPKlHNjQDG519GpNq9-pr1708s8_X9TkVRr" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="194" data-original-width="320" height="194" src="https://blogger.googleusercontent.com/img/a/AVvXsEiEVwWwAZHFPmkf9ZUPMcyudTmDZdX6asHtvoTpD8G5DglN1yIP2-Z8OGhV5AlaAnpfkkrItIcZpsY5kwughwuEDguK2zlpXecfMdOxHD0GQtsXPIVmvPX4Lr6xzqHTg2EDWAq9gqCMv8MY0kUOTJmQMkXxZCPKlHNjQDG519GpNq9-pr1708s8_X9TkVRr" width="320" /></a></div><div style="text-align: center;"><br /></div><h3 style="text-align: left;">Actual Dividend Increases for September 2023</h3><h3 style="text-align: left;">Dividend Increase #1: Verizon Communications (VZ)</h3><div style="text-align: left;">Verizon Communications declared a 1.9% bump in its quarterly dividend per share to $0.665, which was as I expected in my <a href="https://www.kodysdividends.com/2023/08/expected-dividend-increases-for.html">previous blog post</a> of this series.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my 45 shares of VZ, my net annual forward dividends rose by $2.25 from this dividend declaration.</div><h3 style="text-align: left;">Dividend Increase #2: VICI Properties (VICI)</h3><div style="text-align: left;">VICI Properties announced a 6.4% increase in its quarterly dividend per share to $0.415. This was just below my expectation of $0.42.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends soared by $4.80 due to this dividend announcement across my 48 shares of VICI.</div><h3 style="text-align: left;">Dividend Increase #3: Realty Income (O)</h3><div style="text-align: left;">Realty Income declared a 0.2% raise in its monthly dividend per share to $0.256, which was what I anticipated.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my 24 shares of O, my net annual forward dividends edged $0.144 higher from such a dividend declaration.</div><h3 style="text-align: left;">Dividend Increase #4: Philip Morris International (PM)</h3><div style="text-align: left;">Philip Morris International announced a 2.4% increase in its quarterly dividend per share to $1.30. That was just below the $1.31 that I was predicting.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends were lifted by $2.52 across my 21 shares of PM due to this dividend announcement.</div><h3 style="text-align: left;">Dividend Increase #5: Microsoft (MSFT)</h3><div style="text-align: left;">Microsoft declared a 10.3% raise in its quarterly dividend per share to $0.75, which was just above my forecast of $0.74.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my five shares of MSFT, my net annual forward dividends rose by $1.40 from this dividend declaration.</div><h3 style="text-align: left;">Dividend Increase #6: W.P. Carey (WPC)</h3><div style="text-align: left;">W.P. Carey announced a 0.2% increase in its quarterly dividend per share to $1.071. That was what in line with my expectation.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends grew by $0.112 across my 14 shares of WPC due to this dividend announcement.</div><h3 style="text-align: left;">Dividend Increase #7: American Tower (AMT)</h3><div style="text-align: left;">American Tower declared a 3.2% raise in its quarterly dividend per share to $1.62, which was better than the $1.60 that I anticipated.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my six shares of AMT, my net annual forward dividends increased by $1.20 from this dividend declaration.</div><h3 style="text-align: left;">Dividend Increase #8: Starbucks (SBUX)</h3><div style="text-align: left;">Starbucks announced a 7.5% boost in its quarterly dividend per share to $0.57. That was exactly what I expected.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends surged higher by $1.60 across my 10 shares of SBUX due to this dividend announcement.</div><h3 style="text-align: left;">Dividend Increase #9: Texas Instruments (TXN)</h3><div style="text-align: left;">Texas Instruments declared a 4.8% increase in its quarterly dividend per share to $1.30. Across my 12 shares of TXN, this lifted my net annual forward dividends by $2.88.</div><h3 style="text-align: left;">Dividend Freeze: U.S. Bancorp (USB)</h3><div style="text-align: left;">Rather than raise its quarterly dividend per share to $0.50 as I expected, U.S. Bancorp opted to keep its dividend per share the same at $0.48. In this economic environment, that's probably not a bad idea, though.</div><h3 style="text-align: left;">Expected Dividend Increases for October 2023</h3><h3 style="text-align: left;">Expected Dividend Increase #1: McDonald's (MCD)</h3><div style="text-align: left;">The first dividend boost that I'm expecting for next month will be from McDonald's. My best guess is that MCD will up their quarterly dividend per share by 7.3% to $1.63.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my three shares of MCD, my net annual forward dividends would rise by $1.32 if this raise plays out as expected.</div><h3 style="text-align: left;">Expected Dividend Increase #2: A.O. Smith (AOS)</h3><div style="text-align: left;">The next dividend raise that I am predicting for October is from A.O. Smith. I believe AOS will announce a 10% raise in its quarterly dividend per share to $0.33.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends would grow by $1.44 across my 12 shares of AOS if this dividend boost materializes.</div><h3 style="text-align: left;">Expected Dividend Increase #3: Crown Castle International (CCI)</h3><div style="text-align: left;">The third dividend increase that I'm forecasting for next month will be from Crown Castle International. I predict that CCI will declare a 4.8% raise in its quarterly dividend per share to $1.64.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my eight shares of CCI, my net annual forward dividends would be lifted by $2.40 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #4: Tanger Factory Outlet Centers (SKT)</h3><div style="text-align: left;">The next dividend raise that I'm expecting for October is from Tanger Factory Outlet Centers. My best guess is that SKT will announce an 8.2% increase in its quarterly dividend per share to $0.265.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends would rise by $0.88 across my 11 shares of SKT due to such an announcement.</div><h3 style="text-align: left;">Expected Dividend Increase #5: American Electric Power (AEP)</h3><div style="text-align: left;">The fifth dividend increase that I'm predicting for next month will be from American Electric Power. I believe that AEP will declare a 6% raise in its quarterly dividend per share to $0.88.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my 15 shares of AEP, my net annual forward dividends would surge higher by $3 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #6: Pinnacle West Capital (PNW)</h3><div style="text-align: left;">The next dividend raise that I'm forecasting for October is from Pinnacle West Capital. If I had to guess, PNW will announce a 1.7% increase in its quarterly dividend per share to $0.88.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends would grow by $0.42 across my seven shares of PNW due to such an announcement.</div><h3 style="text-align: left;">Expected Dividend Increase #7: Energy Transfer (ET)</h3><div style="text-align: left;">The seventh distribution increase that I'm expecting for next month will be from Energy Transfer. My best guess is that ET will declare a 0.8% raise in the quarterly distribution per unit to $0.3125.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my 86 units of ET, my net annual forward distributions would rise by $0.86 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #8: Exxon Mobil (XOM)</h3><div style="text-align: left;">The next dividend raise that I'm predicting for October is from Exxon Mobil. I believe that XOM will announce a 4.4% bump in its quarterly dividend per share to $0.95.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends would increase by $1.76 across my 11 shares of XOM due to such an announcement.</div><h3 style="text-align: left;">Expected Dividend Increase #9: Visa (V)</h3><div style="text-align: left;">The ninth dividend boost that I'm forecasting for next month will be from Visa. My best guess is that V will declare a 16.7% increase in its quarterly dividend per share to $0.525.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Across my seven shares of V, my net annual forward dividends would grow by $2.10 from such a declaration.</div><h3 style="text-align: left;">Expected Dividend Increase #10: AbbVie (ABBV)</h3><div style="text-align: left;">The final dividend raise that I'm predicting for October is from AbbVie. I believe that ABBV will announce a 4.1% increase in its quarterly dividend per share to $1.54.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">My net annual forward dividends would rise by $3.36 across my 14 shares of ABBV due to such an announcement.</div><div style="text-align: left;"><h3>Expected Dividend Increase #11: Lockheed Martin (LMT)</h3><div>Lockheed Martin historically raised its dividend on the last Friday of September. But since it has yet to announce its raise as of Oct. 2, it looks like the raise will come sometime this month. I am standing by my estimate of a 6.7% increase in its quarterly dividend per share to $3.20.</div><div><br /></div><div>Across my four shares of LMT, this would boost my net annual forward dividends by $3.20.</div></div><h3 style="text-align: left;">Concluding Thoughts:</h3><div style="text-align: left;">My net annual forward dividends have climbed $16.906 from the nine increases announced in September. This would be equivalent to investing $563.53 in capital at a net dividend yield of 3%.</div><div style="text-align: left;"><br /></div><div style="text-align: left;">If my assumptions for next month are correct, my net annual forward dividends will soar by $20.74. This would be equivalent to investing $691.33 at a 3% dividend yield.</div><h3 style="text-align: left;">Discussion:</h3><div style="text-align: left;">How was your September for dividend raises?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Did you receive any first-time payout increases for the month?</div><div style="text-align: left;"><br /></div><div style="text-align: left;">Thanks for reading and please feel free to comment below!</div>Kodyhttp://www.blogger.com/profile/02484791253913994682noreply@blogger.com2