Thought I was done with dividend raises for the month but surprise, surprise I received two more this week; CTO Realty (CTO) 8% and EPR Properties (EPR) 10%.
With most of my cash gone buying will remain extremely light for a few weeks but I will keep trying to put every dollar to work. Here are my trades for the week:
Snap-On Inc. (SNA) – increased position – Was torn between choosing SNA or APD. Grabbed 1 share @ $203.19 and a 2.8% yield
The dividend raises keep coming in, definitely my best February ever for raises. My run on dividend raises are over for now and should pick up again in April. The first two months of 2021 has increased my forward dividend income by 2%, pretty amazing considering we have 10 more months left for raises.
I received 4 dividend raises this week; Garmin (GRMN) 8.96%, Walmart (WMT) 1.82%, Medical Properties Trust (MPW) 3.57%, and Allstate (ALL) 4.94%. Here are my trades for the week:
Preferred Apartment Communities (APTS) – sold position – APTS is being bought out by Blackstone Real Estate Income Trust. Was looking to trim some of my REIT exposure and this was a great opportunity to sell my entire position and more than doubled my investment. Sold @ $25.20.
Leggett and Platt (LEG)– increased position – Used all the proceeds from the APTS sale to add to my LEG position and to reduce my position in REITS. Grabbed 275 shares @ $38.52 and a 4.36% yield.
Air Products (APD)– increased position – Still on sale and used the last of my cash to buy. Grabbed a total of 12 shares; 6 shares @ $240.00 and 6 shares @ $239.75 for a 2.7% yield.
Oil-Dri Corp of America (ODC) – increased position – Cheap enough it was hard to ignore. Grabbed 5 shares @ $31.29 and a 3.45% yield
Market bounce came to a complete halt when inflation data came out. Volatility is just oh so fun.
I received 5 dividend raises this week; Ares Capital (ARCC) 2.44% plus a special 12 cent payout spread over 4 quarters, Hasbro (HAS) 2.94%, 3M (MMM) 0.7%, Pepsico (PEP) 6.98%, and T. Rowe Price (TROW) 11.11%. Here are my trades for the week:
Air Products (APD) – increased position – It has been a long time since I last bought APD but downward share price caught my attention. Grabbed 2 shares @ $249.31 and a 2.6% yield.
T. Rowe Price (TROW) – increased position – Share price still in the dumps but with even a better yield after their announcement. Grabbed 2 shares @ $148.54 and a 3.23% yield.
Global X S&P 500 Risk Managed Income ETF (XRMI) – new position – picked up a small position to go with NUSI. This is an experimental buy with no plans to add more shares. My goal is to hold and see how leveraged funds will work with my portfolio up to retirement and decide if it is something to increase the day I move into retirement. Grabbed 100 shares @ $25.62 and a 8.51% yield.
Interesting week with so many companies reporting but I’ll start with AT&T (T) finally telling us what the reduced dividend will be, I was planning on $1.20/share but they came out at $1.11/share which was slightly below what I had hoped for but still tolerable. At least the guessing game is over and we can move on
Now onto the good news, I received the most dividend raises ever in 1 week by racking up 9 raises; Allete Inc. (ALE) 3.17%, Air Products (APD) 8%, Avista Corp. (AVA) 4.14%, BCE Inc. (BCE) 5.1%, Brookfield Renewable Partners both BEP & BEPC 5.33%, Camden Property Trust (CPT) 13.25%, Prudential Financial (PRU) 4.35%, and United Parcel Service (UPS) 49%.
Here are my trades for the week:
PPL Corp (PPL) – sold position – Sold the entire position. Played this out for the dividend as long as I could and they probably have 1 maybe 2 more payouts before they cut the dividend. My guess is a 35% to 40% haircut so I sold out at $29.84/share. This is a sizeable payout (I had just over 1000 shares) , and instead of reporting out the buys on my weekly post I am taking the lazy way out and letting you know now I am redistributing the funds into Pinnacle West (PNW) Algonquin (AQN), and BCE Corp (BCE).
Oil-Dri Corp of America (ODC) – increased position – Forgot I had a limit order on this and the price dropped on Friday to trigger the buy . Grabbed 4 shares @ $32.07 and a 3.37% yield.
After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.
For the month of January I made $3,699.22; an increase of 19.41% versus this time last year. January was a pretty cold month with lots of snow but this increase kept me pretty warm :). Markets were crazy but my portfolio held up well most likely due to investors rotating into value and/or dividend paying stocks.
In January I received 5 dividend raise announcements from Chevron (CVX), Fastenal (FAST), GATX Corp (GATX), Independent Bank Corp (IBCP), and Kimberly-Clark Corp (KMB) which all together add $30.79 to my annual forward dividend.
On the home front we are still dealing with health issues with extended family members, but some of the craziness has settled down. My job on the other hand has been a bit more demanding but it may just be people all energized for a new year. As much as I have enjoyed my career, I am noticing the closer I get to FI the less patience I’m having with the job and co-workers. Guess we can call this the FI effect (lol)! Let’s see the things we all love to see…charts and dividend payouts: