February Dividend Income

After 34 years of clocking in and out of work and religiously saving 10% annually in my 401K 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.

Received my annual review at work and my raise was higher than expected.  Since I budgeted to max out my Roth IRA for the year, this is the first time I have ever increased my 401K savings rate from 10% to 11%.  This improved my annual saving rate to 24.6%.  Below is a new metric I decided to include in my monthly updates. You can see 2019 was the turning point in my saving rate and was the first full year I had no credit card and no mortgage debt.

2012201320142015201620172018201920202021
401K10%10%10%10%10%10%10%10%10%11%
Brokerage0.2%0.7%  0.5%0.8%1%3.7%4.0%4.2%
Roth IRA      1.9%5.4%8.3%9.4%
Total Saving Rate10.2%10.7%10.0%10.0%10.5%10.8%12.9%19.1%22.3%24.6%
10 Year Personal Annual Saving Rate

For the month of February I made $2,837.59; an increase of 9.94% versus this time last year. This increase is a bit illusionary as a couple of typical January payers were pushed into February. First was B&G Foods (BGS) who decided to pay on Feb. 1 instead of the end of the month. The second was Canadian Imperial Bank of Commerce (CM) who did pay a dividend in January however, due to the dividend reinvestment policy at Fidelity it was not credited to my account until February. 

Overall market valuations for the most part remained high. My consistent buys for the month were AbbVie (ABBV), Pepsico (PEP) and Verizon (VZ). I am now at a full position in all three and do not plan to buy any additional purchases. Going into March here are the stocks on my watch list; BCE Inc (BCE), Duke Energy (DUK), JM Smucker (SJM), and Lockheed Martin (LMT).

DateSymbolCompanyAmount
2/1/21BGSB&G FOODS INC$253.27
2/1/21CMCANADIAN IMPERIAL BANK OF COMMERCE$252.51
2/1/21GISGENERAL MILLS INC$77.45
2/1/21TAT&T INC$603.10
2/1/21VZVERIZON COMMUNICATIONS INC$35.15
2/4/21BLVVANGUARD BD INDEX FDS LONG TERM BOND$14.79
2/4/21VCLTVANGUARD SCOTTSDALE FUNDS LONG-TERM COR$15.65
2/5/21HYGISHARES TR IBOXX HI YD ETF$19.29
2/5/21PFFISHARES TR PFD AND INCM SEC$50.47
2/8/21APDAIR PRODUCTS AND CHEMICALS INC$30.06
2/16/21ABBVABBVIE INC$155.18
2/16/21HASHASBRO INC$31.20
2/16/21OHIOMEGA HEALTHCARE INVESTORS INC$722.72
2/16/21PGPROCTER AND GAMBLE CO$103.16
2/18/21PSECPROSPECT CAP CORP$155.54
2/22/21ARTNAARTESIAN RES CORP$189.48
2/26/21ODCOIL DRI CORP OF AMERICA$14.11
2/26/21SBRASABRA HEALTH CARE REIT INC$83.25
2/26/21WSMWILLIAMS-SONOMA INC$9.61
2/26/21M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$21.60

Buys and Sells for the Week 2/19

Received three more raises this week; Garmin (GRMN) 9.8%, Walmart (WMT) 1.9%, and Medical Properties Trust (MPW) 3.7%. Not many opportunities this week and here is my lone buy for the week:

  1. Hasbro (HAS) – increased position –  Hasbro’s entertainment division is starting to show life after being setback from COVID and I expect a postponed dividend raise in Q3 of this year. Grabbed 4 shares @ $89.71 and a 3.03% yield.

Buys and Sells for the Week 2/12

New York Stock Exchange New York New York 1

In the final throws of winter with what feels like endless snow storms, short daylight and markets that seem overvalued. It is taking its toll on being positive, luckily I got to enjoy a few dividend raises; TROW 20% , UPS 1%, and PEP 5.1%. With raises perking me up a bit here are my buys for the week:

  1. Verizon (VZ) – increased position –  Continued to add to this fairly new position in my portfolio. Grabbed 10 shares @ $54.94 and a 4.56% yield.
  2. Pepsico (PEP) – increased position –  Not sure why but after reporting good earnings and a dividend raise the stock price fell. Grabbed 14 shares @ $134.80 and a 3.19% yield.
  3. AbbVie (ABBV) – increased position –  ABBV’s price has not risen much after reporting fairly good earnings. Grabbed 12 shares @ $103.32 and a 5.03% yield.

Buys and Sells for the Week 2/5

This was a busy week from a dividend perspective as I received 8 raises from GATX 4%, MMM 0.7%, BEP & BEPC 5.1%, ALE 2%, PRU 4.5%, AVA 4.3%, and BCE 5.1%. Markets continued higher but still found some room to buy this week. Here is a summary of my buys for the week.

  1. AbbVie Inc. (ABBV) – increased position –  Good thing I bought this early in the week as share price steadily rose after they released earnings. Grabbed 4 shares @ $102 and a 5.1% yield.
  2. Avista Corp. (AVA) – increased position –  It’s been a couple months since the stock price was below $38/share. Grabbed 5 shares @ $37.15 and a 4.41% yield (4.55% after the raise).
  3. Unilever (UL) – new position –  I’ve been watching UL and KMB slowly come down in price. KMB has the better financials but I like ULs portfolio of products a bit better as they can spin-off or sell some brands to kickstart growth. Grabbed 18 shares @ $54.91 and a 3.33% yield.