What a crazy month. We had the market going up and down like crazy. A few of my companies missed some of the expected Quartely EPS numbers. Notably, KO, MCD and ARCP has to restate earnings for several quarters. I did my best to take advantage of some of this craziness and was very busy with my dividend purchases. Aside from ARCP (which has a legitimate problem), I take Q-EPS numbers with a grain of salt. Very few things make or break a business in three months and nothing from MCD or KO report surprised me. These are issues they have been dealing with for a while and how they are handling them (or plan to) over the next few years is what matters. However, I always love an over reaction that enables me to buy a solid business at a lower price!
It was a pretty good month. I am continuing to look through the wreckage and attempting to find a few additional dividend gems. The market seems to have responded pretty forcefully to the downturn with a pretty sharp recovery. However, I can’t worry about that. There are several positions that I would like to add/increase and will do so as I am able.
Last year I received $122.14 in dividends. This year I increased that by over 100% and ended with $263.63. My dividends for this month was 5% higher than July. Slowly but surely heading in the right direction! I wont be able to get such a large increase going forward (even to next quarter), but I would be very happy if I was able to increase it by 5% per quarter.
You can see my Progress page for additional information.
It was a quiet month for dividend raises.
|OHI||1.9 (8.33% YTD)|
So far 38 of 43 companies have given me raises this year. BP raised it earlier this year.
After the market took a dip, I looked into a variety of the hardest hit companies. Including KMI, CVX, COP, XOM and BP. I have had my eye on BP for a while, but didn’t pull the trigger. It appears that most of the issues relating to there oil spill are being resolved and there earnings are quite robust. I took the opportunity to add it to my portfolio (with additional large purchases of CVX and XOM).
I bought an additional 1% of CVX, XOM and AFL during the brief downturn.
I have added cash steadily to my Loyal 3 Positions and it has been a pretty solid month.
I have returned my ROTH account to a drip because I don’t accumulate enough cash in there to be doing anything but reinvesting.
I feel like I did a good job taking advantage of Mr. Markets bi-polar activity this month. I could have bought a few other companies at good values, but didn’t pull the trigger fast enough. That is okay, I have plenty of time to make up for it.
After all of this months activity, I raised my 12 month forward dividends to from $4358.9 to 4557.88. An almost $200 increase, which leaves me less than $300 from my next milestone Fortunately, most of the positions I added pay out in December, so that will be a nice Christmas present!
How was your month?
Disclaimer: Long all stocks mentioned