Dividend Update - December 2011

December brought about 5 dividend payouts and my biggest monthly payout to date. Here's the breakdown.
Dividend Shares
Pfizer $4.60 0.230
Coca-Cola $17.86 0.268
McDonalds $4.90 0.050
Waste Management $3.40 0.107
Bank of America $1.80 0.351

Total December Income $32.56

Total Dividends received in 2011 $48.72

Position Decision

I'm torn on what to do with my position in Pfizer. I have made 17% since September 13th which is a huge run-up in price giving me an approximate 70% CAGR, even though that is no where near sustainable. My YOC is 4.31% and the current dividend yield is around 3.7%. I'm debating on whether I should sell and lock in the gain and put it to work in something else. Unfortunately the stock market has had a nice close to the year, I'm expecting continued volatility in 2012 giving much better entry points than current ones. If the current dividend yield gets down to 3% I'll be selling in a heartbeat. I'm putting in a a limit sell order at $26.67, the 3% yield price, as soon as this posts.

Merry Christmas!!!

Merry Christmas to everyone. Hopefully you're getting the chance to share this time of year with those you love.

Recent Buys

On December 14th I added to my positions in both Intel and Bank of America. I purchased 30 shares of INTC at $23.27 and 80 shares of BAC at $5.25. My YOC for the new INTC shares 3.57% and the BAC YOC is 0.75%. The purchases have brought my YOC for my taxable account down to 2.80% without including dividend increases that have been announced. I want to get my total YOC to at least 3.00% so I've got a ways to go. An increase in the BAC dividend would do a lot to help that out. Unfortunately I see that taking at least another year until then.

Net Worth Update for November 2011

November was a good month and saw my assets creep up over $100k. Unfortunuately I still have quite a bit of debt that I'm paying off that I will hopefully be done with late 2012 or early 2013, depends on how much I work since I get paid by the day.

Current Assets $100,099.60
Current Debts $37,267.64

Net Worth $62,831.96

My savings rate from my take home pay for November was 72.96% which is my 3rd highest for the year.

YTD my net worth has increased $61,557.62 which is awesome. I'll post % gains for the total year with next month's update. All my investments combined are currently at $55,262.14 and are climbing rapidly. I'll be maxing out my 401k and my Roth IRA this year.

Dividend Update - November 2011

November brought my first month with multiple dividends paying out. It's definitely a start to the process of setting up a solid passive income stream. Here's the breakdown.

Wells Fargo $1.56
ConocoPhillips $10.56

Total November Income $12.12

Total dividends received in 2011 $16.16

I'm looking forward to the next market dip to be able to purchase again since they offer spending sprees that I like.

December will see 4 companies paying out for me and my largest monthly dividend stream. I can't wait to get paid for sitting and doing nothing by owning solid companies.