It decided to snow in North Texas yesterday! It gets crazy around here when people attempt to drive in it, unfortunately it canceled my plans to visit my brother for the weekend! Ohh well, better to be safe.
February has once again been a rather uneventful month for me. Which is great, I made a few trades and added a few high quality shares to the portfolio, but otherwise a good month.
This account is fully invested and the positions are dripped.
I have watching the situation with SYY as it attempts to buy US foods. I have disliked the additional measures that SYY has taken to help the merger along and it would appear to me that the situation is not as beneficial as it once was. SYY is probably one of my slowest compounding machines in my portfolio (~3% yield + 3% growth). While slow growth isn’t necessarily an issue for me, I have come to the conclusion that there are many better potential candidates than SYY. I sold my SYY position on Monday. The total return was positive but not great, I held the position for about 2.5 years and ended up with a 33% return vs a 50% return for the S&P 500. This reduces my income by $60.
I have been researching Canadian banks and wouldn’t mind avoiding some foreign taxes and freeing up some space in this account would be beneficial from that point of view. After spending some time doing research, the choice came down to TD and BNS. I ended up choosing BNS due to its track record of paying (never lowering dividends) for over 100 years and due to its diversification of its area of operations. I like the more conservative nature of the Canadian banks and felt like now was a good time to buy, even if oil prices continue to drag on the Canadian economy. This increase my income by around $85.
I purchased some additional shares of JNJ. This increases my exposure to the healthcare sector, which I am currently low on.
Six of my positions increased their dividends this month.
|Dr. Pepper Snapple Group (DPS)||17.1||22.13|
With the exception of Walmart, healthy raises all around. The raises are at or above my desired 6-8% target. On the slightly disappointing note, all of the beverage companies are above a 20 PE TTM. However, my allocation to Technology is 8.19% by weight (6.28% by dividends), which is lower than the 10% desired weight. I would like to have the chance to buy more CSCO, MSFT of INTC, but probably at a lower price.
I earned a total of $311.45, which is 40% higher than last January ($222.53).
$642.22 of $5750 (11.2% accomplished)
At the start of the month, my 12 month forward dividend was $5103.66 and ended up at $5202.29. My future income is 38% higher than this time last year. Which is great YoY, but growth like that won’t last.
My goal is to increase this to $6100 (increase of ~1339). I am 441.29 of 1339 or 33% of the way there.
I have run at least a mile every day this year (or up to this posting). I got a little sick and tired last week, but that passed without becoming much. The weather has gotten a “little bad” in the last few days, but nothing like the Northeast. I can run a mile even in 18 degree weather =) Just have to layer enough!
Disclaimer: Long all stocks mentioned besides SYY (which I no longer own).