Sunday, June 2, 2013

Dividend Update - May 2013

Somehow the first 5 months of the year are already over and done with so it's time for my favorite monthly update, the dividend update.  May wasn't a special record setting month by any means but it was a 37% improvement over February 2013 and a 209% increase over May 2012.  All I can really hope for is to continuously make progress each and every month.  Only one of my recent purchases helped out with May's payments and that made up the majority of the increase.  I purchased 18 shares of CAT in April.  May was a quiet month for purchases with only 2 small buys, 40 shares of MSFT and 15 shares of CVX.  That's what happens when a value/DG investor collides with a seemingly never-ending bull run.  The rest of the activity during May was mainly through selling or closing put options or expiring puts.

I received a total of $86.49 in dividends in my FI portfolio in May and have received a total of $591.30 through the first 5 months.  Unfortunately no companies paid out in my Roth IRA so I'm still at a total of $58.41.  I was originally hoping to receive closer to $2,750 in dividends in 2013, but I don't really expect to see that target get hit.  Although the goal does include option premium income and interest as well, which I will surpass that goal since I'm now up to $1,108.65 in option premium income this year.  My FI portfolio forward dividends sit at $2,543.08 and in my Roth they are at $221.88.  The FI portfolio forward dividends are now 72.66% of the way towards my goal of $3,500 by the end of 2013.  Assuming an average YOC of 3.50% on new purchases, I'll have to invest another $29k between now and the end of the year.  Considering my open puts and cash position I should be able to hit that mark if the markets can have a solid 10% pullback to bring valuations down to more interesting levels.

FI Portfolio - Dividend Income
Company Dividend Amount DRIP Shares
Procter & Gamble (PG) $6.27 0.080
AT&T (T) $9.49 --
Alcoa (AA) $0.91 --
Kinder Morgan Inc (KMI) $48.35 1.226
Caterpillar (CAT) $21.47 0.247
May Total $86.49
2013 Total $591.30

I've updated my Dividend Income page to reflect May's changes.

How did your dividends do in May?  

9 comments:

  1. Pursuit,

    Another great month. Progress is the name of the game! Keep it up!

    Your option income is killing your dividend income. You're doing very well there!

    Looking forward to seeing how you deploy your cash moving forward. Hopefully next week starts out how last week ended.

    Best wishes!

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    Replies
    1. DM,

      Sometimes it's baby steps but as long as we keep moving forward then everything will get better.

      I wasn't expecting my option income to do as well as it has so far this year. I was expecting to hit around $1,000 for the year, but through 5 months I'm already over $1,100.

      I was really hoping that the selloff would continue today. So much for that. There were 2 positions I was planning on adding to with a little more weakness in share price but that just wasn't in the cards for the day.

      Thanks for stopping by!

      Delete
  2. Another solid month for you -- keep up the good work! If you end up investing another $29K from now until year's end, then that will be fantastic.

    ReplyDelete
    Replies
    1. DGM,

      It wasn't exactly a stellar month, but it was an improvement which is all I can really hope for. If the markets cooperate then I'll get another $29k invested pretty easily, I've currently got over $13k in cash ready to be deployed with another $5.9k being sent to my brokerage account soon. I'm really hoping that the markets will give some great opportunities because I'm tired of the cash just piling up.

      Thanks for stopping by!

      Delete
  3. PIP... Nice month. Keep up the good work!

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    Replies
    1. Stoic,

      Thanks and I'll do my best. June will be a stellar month for dividends and I've already received almost as much as the whole month of May and we're only on day 3.

      I'll be looking forward to your updates about the new real estate adventure.

      Thanks for stopping by!

      Delete
  4. That's pretty cool how can DRIP fractional shares like that :D I think it's still possible to hit your original dividend income target for 2013, depending on how much you can save and invest from now, so maybe you can make it a stretch goal instead. Either way you're doing great :D

    ReplyDelete
    Replies
    1. Liquid,

      Being able to DRIP and receive fractional shares was one of the reasons I went with my current brokerage. I still think that the original target is in play but it's going to depend on how quickly I can get the capital deployed. If I miss the 3rd quarter payouts for new purchases then I think I'll probably miss out. I'm not as worried about that though because my option income has far outpaced my expected gains from that.

      Thanks for stopping by!

      Delete
  5. Sold Seagate Technology (STX) to buy Disney (DIS) and McDonald's (MCD). I can't say those two stock will do as good as STX over the past 18 months, but they are definitely stronger and less volatile :-)

    The next stock on my "sell list" will probably be Intel (you can tell I'm getting rid of my techno stocks slowly).

    Good job on Dripping your purchase, it will grow your position over time :-)

    ReplyDelete