November Dividend Income

After 33 years of clocking in and out of work and religiously saving 10% annually every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.

For the month of November I made $2,315; a decrease of -2.53% versus this time last year. The second month of a quarter has always been challenging however its lower than normal after I repositioned my portfolio over the summer which sacrificed some dividends in this month. I do plan on improving my income for this month as I have AbbVie (ABBV), Hasbro (HAS), Oil-Dri Corp (ODC) and Verizon (VZ) on my watch list for potential buys. I also decided to drip my AT&T (T) shares which should help.

Other stocks I am considering that payout in the second month of a quarter include Air Products (APD) and Apple (AAPL) but unless their is a considerable pullback they are significantly above my buy price.

 11/02/2020 GIS GENERAL MILLS INC COM$77.45
 11/02/2020 T AT&T INC$590.75
 11/06/2020 HYG ISHARES TR IBOXX HI YD ETF$21.49
 11/16/2020 ABBV ABBVIE INC COM$135.66
 11/16/2020 HAS HASBRO INC$29.31
 11/16/2020 PG PROCTER AND GAMBLE CO$103.16
 11/19/2020 PSEC PROSPECT CAP CORP$155.54
 11/20/2020 ARTNA ARTESIAN RES$188.25
 11/24/2020 FAST FASTENAL COM STK$10.14
 11/27/2020 ODC OIL DRI CORP OF AMERICA$4.78
 11/27/2020 WSM WILLIAMS-SONOMA INC$9.61
 11/30/2020M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$39.50

Buys and Sells for the Week 11/27

Markets have been on fire for the last three weeks moving higher and higher. While this makes my unrealized gains and portfolio balance look great it has not done much in the way of dividend income. Markets at an all time is making finding dividend value a challenge to say the least and its hard to believe I have not bought a stock since the week of 11/6. Though I did make one small purchase I am content to just keep building cash until things cool off.

  1. Domtar (UFS) – sold position – Domtar was one of the few remaining weak positions I was looking to eliminate and when prices jumped above $30 I sold my entire position. Domtar suspended their dividend quite awhile ago so this does no harm to my annual dividend income.
  2. OGE Energy (OGE) – increased position – 13 years of dividend growth and a 4.76% yield. Only 6 shares were purchased as it was at the upper end of my buy price range so I kept the purchase small.

Buys and Sells for the Week 11/6

Elections are almost behind us but COVID shutdowns are here once again. We’ll see how markets react over the next few months but with fresh cash in my pocket I had a little to invest Here is a summary of what I bought or sold this week:

  1. Weyerhaeuser (WY) – sold position – Dividend was restored to 50% of what it was previously. I expected this but also anticipated special dividends on top of that and I was right as WY management announced they would begin special dividend payments. What I did not expect was they announced it would not start until Q1 2022. Was not happy with managements decision and dividend payouts seem to be low priority. In that light I decided to sell.
  2. Medical Properties Trust (MPW)increased position – MPW quarterly numbers finally showing decent FFO growth once more. Its been almost 3 years since I last bought shares in this REIT.
  3. W.P. Carey (WPC)increased position – Using the proceeds from my WY sale I added more shares of WPC. WPC has been a solid REIT for me over the years and it was a no brainer choosing this over WY.
  4. Hasbro (HAS) increased position – I was very impressed with HAS’s quarterly report and earnings growth considering their entertainment division dragged it down due to COVID. This will be an interesting play once they start releasing more film and TV content.
  5. Kimball International (KBAL)increased position – I continue to slowly build this position grabbing a few shares each time it drops below $11/share.
  6. BCE Inc. (BCE) increased position – Share price dropped to near $40/share and picked up a few shares with a nice 6.2% yield.
  7. Oil-Dri Corp. of America (ODC)new positionPrice dropped low enough to catch my eye and it does not get much more boring than a company that makes cat litter. ODC has grown their dividend for 18 years, has a P/E just under 13, a debt to equity ratio of 7% and pays a 3.2% yield. Only issue with this stock is that it is a microcap that is thinly traded.