April was another month of backwards and forwards. I am pleased to say that my portfolio went down less on down days and seemed to actually go up in some cases. This is good to see, I think this has to do with a “flight to quality” and I feel like all of my companies match this criteria.
I haven’t been writing or commenting as much, I recently purchased a house and have spent the last 20 days being a domestic worker bee. Turns out my project ideas are rather time consuming. I want to get my energy bill down and I believe I can make it into a game! So that will probably take up some of my time.
I spent the time I could looking over my portfolio and decided that any cash I used this month was going to be invested in my portfolio companies. I have already done the research and there are several positions I wanted to build out a little more.
I annouced my purchases of DPS,TGT and PG. In the closing days of April, I made another purchase of ARCP . I doubled my position and feel that my REITs are well represented in my portfolio. ARCP is the kind of REIT I like. A triple, long term leasing structure with plenty of physical assets and a variety of high quality tenants. I would like to add more to O, but not at the moment.
Last year I received $200.02 in dividends. This year I increased that by almost 25% and ended with $247.27. The first month of the quarter is usually my lowest, only higher numbers per month for the rest of the quarter!
You can see my Progress page for additional information.
It was a pretty good month for dividend increases:
- CVX : 7%
- JNJ : 6.1%
- KMI : 2% (another quarterly raise for 1 cent. About 4% so far this year)
- OHI: 2% (quarterly raise. 2 cents so far).
- PG : 6.7%
- XOM: 9.5%
Strong raises all around. KMI and OHI have raised for the second time this year. I am pretty happy with all of these raises. Ideally I would like to have my average weight adjusted raise around 8%. With 21 of 43 companies raising dividends so far this year, I feel like I will be able to meet that goal because several (KMI, OHI, WEC) will raise their dividends at least once more.
No new positions this month.
I did not add much cash:
- New Cash: ARCP, DPS, PG, TGT
- Drip: O, PM, KO, SYY
I have changed most of my positions in my Roth account to no longer drip. There are a couple choice positions that I feel are undervalued, but large enough in my portfolio that I do not want to add cash, so I will drip them still.
There will be a few positions that were dripped next month due to the timing of my change and lag before it takes effect.
A busy month playing around with my house! I am very pleased with my stocks performance and will hopefully find some bargains over the next month!
Over the next twelve months I expect to receive at least $3972.28. This is an increase of $157 from last month. Almost to 4k!
Disclaimer: Long all stocks mentioned.