November Highlights

Well, I have had a busy December.  After returning home from Thanksgiving, I have managed to work everyday!  Not the most exciting thing, but I should be able to leave work earlier and get a good long winter break.  Needless to say, I haven’t had much time to do any research, blogging or blog reading.

I was fairly active investing this last month.  I added substantially to my oil positions and to UL.

Black Friday Blowout

Recent Buys

Raises

Emerson Electric (EMR) and Intel raised dividends (~9 and ~6) respectively.  I was happy that INTC raised the dividend and since management tries to peg the payout ratio to 40%, I think that means they see brighter prospects  ahead.

Dividend Income

I began November with 12 month expected dividends of ~4557 and finished with ~4884.  A substantial rise due to the large investment I made on Black Friday. I passed another milestone and I am very close to meeting my goal of 5k by the end of the year.

For the month of November I totaled 285.82 in dividends.  This was a slight increase of about 3 dollars from August and a 77% increase from last November (161.24).

I should be on track to earn over 4k in dividends by the end of the year.

December Purchases

My December action will probably be limited.  I like to fund my Roth account right at the beginning of the year, so I am collecting funds and will probably not a normal purchase before the year is out. I may however make a purchase with my reserve cash if a great opportunity arises.  I would like to put an additional 400 to work in UL, but that may be put on hold as well.  We shall see.

Portfolio Shrinkage

I have about 44 positions in my account and with multiple spin-offs coming in, I may need to look at trimming some of my weaker positions and adding those funds to other companies I own.  A few candidates that I may trim include ARCP, T, VZ, SYY. With the exception of ARCP, the others are in my Roth account and wouldn’t be taxed.  That comes into play a little bit, but if the investment doesn’t fit, it needs to go.  I am negative at the moment with ARCP, so there will be a little tax harvesting there.

Basically, these are companies that do not have a high dividend growth potential and I could replace them with suitable candidates of similar yield (without reaching for it).  Some potential investments include the Oil Blue Chips I own, KMI, VOD or any others that have a solid change of raising the dividend by 8% or more over the next 5 years.

Once I am on vacation, I will do a scrub and see what I can improve upon!

Conclusion

Another solid month all around.  I am pleased with my progress and overall have identified a few areas of improvement and I hope to be able to start executing them by the end of the week.

Take care all!

Disclaimer:  Long all stocks mentioned.

 

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4 Responses to November Highlights

  1. DivHut says:

    For a guy that was away from his portfolio and blog for a while there sure was a lot of action to say the least. I’m happy with the EMR raise. It just keeps chugging along. Curious to see which companies will make your chopping block too. It’s a rare event when a DGI blogger decides to sell. I’m always curious to know the reason why. Thanks for sharing all these updates. Look forward to see the final total for 2014 dividends too.
    DivHut recently posted…Dividend Portfolio Sector Allocation UpdateMy Profile

    • ILG says:

      Hi DivHut!

      Agreed! EMR is one I would like to increase my ownership of. I may do that at the beginning of the next year when I add more cash to my Roth.

      I plan on going over my investments in a couple weeks and layout a 2015 roadmap!

      Take care!

  2. Great work, ILG. Congrats on adding to your oil and UL positions. Out of curiosity, which holdings are on track for spin-offs?

    R2R
    Roadmap2Retire recently posted…Archer Daniels Midland – Shareholders Can Expect Bigger Pay RaisesMy Profile

    • ILG says:

      Hi R2R,

      Baxter is splitting into two (much like Abbot did), BBL is spinning off its mining division and if I wanted to, I could trade some of my GE shares to get some shares of Synchrony. Not going to do that one, but its an option.

      Good the have options!

      Take care!