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.
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.
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.
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.
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!
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.