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quarterly dividend updates

Quarterly Dividend Update: Q3 2020

by Yoda October 3, 2020

Dividend Investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics and dividend safety. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. Most countries are trying to open their economies and putting COVID in rearview mirror. However, cases in most places are increasing. A US election is also looming which could cause wild swings in the market. Despite all this, Q3 2020 just saw the market going up and up backed by the ever growing tech stocks. However I haven’t changed my plan at all. I am planning to keep buying stocks and ETF’s. Here is my Q3 2020 quarterly dividend update:

Total: $753 for Q3 2020 (up 28% from Q3 2019 & up 3.5% from Q2 2020)

Here is a graphical view of the same data:

Check out my and download/make your own dividend tracking sheet here and create awesome graphs as above for free.

I recently added a new chart to my dividend tracking sheet. It allows me to see my dividends grow over long term. I have been tracking my dividends for last 3 years. Here is the result so far till Q3 2020.

As you can see, dividends have kept on growing month after month, year after year for almost 3 years now! You can see the dividends compounding very clearly in this graph.

My Buys in Q3 2020

I added to my existing open positions which I thought were at attractive valuation. I also added a new stock to my portfolio.

Added very little to my Abbvie(ABBV) position.
Added to my Cisco Systems Inc. (CSCO) position. You can read more about my complete research on Cisco Systems here.
I added to my position in Kontoor Brands (KTB). They had a better quarter than the last one. Plus the management is planning to give an update on the dividend reinstatement at end of Q3. This is still a long term hold for me. Full research here. I also started selling covered calls for income on side using my KTB position.
Bought some more in Monmouth Real Estate Corp. (MNR). This is a REIT that is focused on industrial properties. They only have investment grade clients like FDX, AMZN, KO, HD, RTX etc. They even collected 98-99% rent during the last 3 months. Bought some at starting yields of 6.9 % and then added a bit more during the quarter.
I also added to my position in Store Capital (STOR). Its a REIT company that rents individual standing real estate properties to a variety of tenants. They collected only 68% of rent in April but it has increase to 86% in last month. They also did not cut dividends during this time which bodes well for them.
Added to my position in Wells Fargo (WFC) in 20 & 30’s.
I added to my position to V F Corp (VFC). They have not yet cut any dividends. Plus historically VFC has been a very acquisitive company and have a very long history of paying dividends.
Also added to my position to VTI. Not as much as I should have, but I will continue doing this.

I am projecting an increase to 2900$ in forward annual dividends as compared to 2103$ I made in 2019!

My Sells in Q3 2020

NONE! I hope to continue doing this. The less I touch my portfolio, more time it gets for compounding and growing.

Thoughts about Q4 2020

Upcoming quarter will have Q3 earnings from most companies in my portfolio. We also have the US elections coming up at the end of the year. Elections have historically not been the best year for returns. Seeing as we are already positive so far this year, it will be interesting to see how much volatility we have in the last quarter. I know one thing for sure: I will keep buying stocks and ETF’s during this quarter.

Check out my complete dividend portfolio here.

Click this link for my 2019 Annual dividend income update.

Dividends stocks do come with some risk, but with precautions you can avoid the risky one’s and choose the best dividend paying/growing stocks for your portfolio. I prepared a guide where I discuss some key ratios, fundamentals, some important resources to look at while deciding to buy a dividend stock. Also find out how to get free access to Morningstar, Value Line, workaround paywall behind popular news sites like Seeking Alpha etc. Consider signing up for free instant access to the pdf version of the insights into dividend investing.

October 3, 2020 0 comment

Dividend Investing

Quarterly Dividend Update: Q2 2020

by Yoda July 5, 2020

Dividend Investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics and dividend safety. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. In contrast with Q1, Q2 2020 has been great for investors. From the bottom in March, the indexes almost rebounded back to their pre-Covid levels. I cannot and won’t even try to figure out what happens next. All I am planning to do is to keep buying stocks and ETF’s. Here is my Q2 2020 quarterly dividend update:

Total: $727 for Q2 2020 (up 40% from Q2 2019 & up 2% from Q1 2020 )

Here is a graphical view of the same data:

Check out my and download/make your own dividend tracking sheet here and create awesome graphs as above for free.

My Buys in Q2 2020

So, the volatile market has offered some great opportunities! Frankly speaking I was not a 100% prepared to think about what to buy. I definitely had some stocks in my watch list, but I had not looked at them in a long time. Plus I got busy with a lot of work and so did not get much time to research any new stocks. So, at first I decided to add to my existing open positions which I thought were at attractive valuation. I also added a new stock to my portfolio.

Added to position in A.O. Smith (AOS) in 30’s and low 40’s. They have had issues with revenue drop off in China since 2019. However, I like the safety of their dividend and their expansion in India. Eventually, they should get back to growth in revenues.
Added to my Cisco Systems Inc. (CSCO) position. You can read more about my complete research on Cisco Systems here.
I added to my position in Kontoor Brands (KTB). This is one of few stocks that is still around its March lows. They ended up having to cut their dividend. Because of this a lot of dividend based funds had to force sell this stock putting pressure on their stock price. This is still a long term hold for me. Full research here.
Started a position in Monmouth Real Estate Corp. (MNR). This is a REIT that is focused on industrial properties. They only have investment grade clients like FDX, AMZN, KO, HD, RTX etc. They even collected 98-99% rent during the last 3 months. Bought some at starting yields of 6.9 % and then added a bit more during the quarter.
I also added to my position in Starbucks (SBUX) in my Roth after selling some of my position form a taxable account.
Added to my position in Wells Fargo (WFC) in 20 & 30’s.
I used to have a small position outside my 401K in VTI before the crisis. However, last 3 months saw stocks go down so fast and come back up very fast. Working a full time job and researching what individual stocks to buy was looking difficult. I was just not finding enough time. So, I added to my existing positions which I had looked at before and opened new positions in MNR and HON only. But, throughout the crisis, I added big to my VTI position. No need to think/research much before adding to it. I am planning to continue adding to it every month. Since it will become a big part in my portfolio with all the buys, I also plan to add it to my statistics for every quarter.

I am projecting an increase to 2900$ in forward annual dividends as compared to 2103$ I made in 2019!

My Sells in Q2 2020

I sold my Starbucks SBUX position in taxable account and bought it in my Roth.
Sold my small CSCO position in taxable account and bought some in my Roth.
I had a small position in Trow Price (TROW). I decided to sell that from my taxable account and will focus more on my Blackrock Inc. (BLK) position.

I did have Kontoor Brands (KTB) and Disney(DIS) cut dividends in Q2 2020 to preserve cash. Both business were challenged by the virus and seems like a relevant action to take. I decided to not cut them in my portfolio as I still think they will bounce back from this over the long term.

Thoughts about Q3 2020

Upcoming quarter will have Q2 earnings from most companies in my portfolio. We will get to know more impact of the virus on companies. In the last week, we have had a steep rise in cases in many US states. Some states have hit a pause on reopening and some brought few restrictions back. It will be interesting to see if states want to close economies again or just carry on and not go back to the lock down people experienced in last 3 months. I know one thing for sure: I will keep buying stocks and ETF’s during this quarter.

Check out my complete dividend portfolio here.

Click this link for my 2019 Annual dividend income update.

July 5, 2020 0 comment

Dividend Investing

Quarterly Dividend Update: Q1 2020

by Yoda March 31, 2020

Dividend Investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics and dividend safety. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. To say Q1 2020 has been volatile is an understatement. Coronavirus has practically brought the world economy to a grinding halt. My heart goes out to all victims of this tragedy and urge every one to practice social distancing. While it has caused a lot of destruction, it also brought down valuations of well managed dividend paying companies to attractive levels. Here is my Q1 2020 quarterly dividend update:

Total: $706.16 for Q1 2020 (up 70% from Q1 2019 & up 20% from Q4 2019 )

Here is a graphical view of the same data:

Check out my and download/make your own dividend tracking sheet here and create awesome graphs as above for free.

My Buys in Q1 2020

Added to my position in Abbvie Inc. (ABBV) in 70’s and then again in 60’s. I like their ability to generate cash flows. Allergan acquisition will go through later this year which will add to their earnings and also help them insulate with the upcoming patent expiration for Humira.
Added to position in A.O. Smith (AOS) in 30’s and low 40’s. They have had issues with revenue drop off in China since 2019. However, I like the safety of their dividend and their expansion in India. Eventually, they should get back to growth in revenues.
Added to my Cisco Systems Inc. (CSCO) position. You can read more about my complete research on Cisco Systems here.
I also added to my position in Disney (DIS). They will definitely have an impact from the shutdown. However, I believe in the long term, Disney will manage to bounce back.
I added to my position in Kontoor Brands (KTB). Full research here.
Bought more Pfizer Inc. (PFE) stock. Upcoming spin off should help them focus more on growth and dividend should also be raised faster with growth.
I also added to my position in Starbucks (SBUX). Crisis will impact revenues for Q1 2020 and Q2 for sure. But, they have been growing their dividend at a very fast rate and should bounce back. They even have a better shot at grabbing market share from local coffee shops around the world, since they will be able to bounce back much faster.
I also bought more Wells Fargo (WFC) in 30’s & 40’s. Asset cap should get removed some time this year and new CEO should help clean the image of the bank and move past their crisis.
REIT’s got hammered during this crisis. This gave me an opportunity to grab Realty Income (O) and Store Capital (STOR) at really cheap prices.
The new stock I added to was Honeywell International (HON). I like their dividend safety & diversity in revenues. They have their hands in aerospace, healthcare, construction technologies, energy etc. A bigger article on this coming up soon.
For full disclosure, I also bought some VTI. It was at 3% yield which might go down a bit in Q2. However I do not include this in any statistics shown in such updates.

I am projecting a increase to 2947$ in forward annual dividends as compared to 2103$ I made in 2019! I had not expected to be growing dividends so fast in 2020.

My Sells in Q1 2020

My big sell this quarter was General Mills (GIS). It was in my taxable account and I wanted to free up some cash to move to my Roth account and buy better dividend stocks in there.
Sold some of my position in National Instruments (NATI) from my taxable account. I just sell some of this position when it becomes too large, to reduce risk of too much of being in 1 stock.

Thoughts about Q2 2020

Upcoming quarter will be very interesting. Most companies will speak about impact of the crisis on their numbers. I am thinking about adding more to positions in PEP and HON for this quarter. Another REIT I am looking at is Monmouth Real Estate Corp. (MNR). Its a REIT that focuses on renting out big industrial properties to investment grade clients. Like, Amazon, Fedex, Coca Cola, IIPR etc. But I am yet to do research on it. I am also going to be looking at dividend cut announcements.So far, many companies have announced them and none of my companies that have cut or suspended their dividends. I am concerned about XOM and STOR, but I have confidence in them bouncing back in long term.

Check out my complete dividend portfolio here.

Click this link for my 2019 Annual dividend income update.

March 31, 2020 2 comments

Dividend Investing

Annual Dividend Income Update 2019

by Yoda January 26, 2020

Dividend investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics, dividend safety & future prospects. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. In Q4 of 2019 I was able to add to my CSCO & PFE positions. Here is my dividend income for all of 2019:

Total: $2103.36 in dividend income for 2019 (up 37% from 2018 )

Here is a graphical view of the same data:

Check out my and download/make your own dividend tracking sheet here and create awesome graphs as above for free.

Here is how much percentage of the dividend income is coming from each of the 26 stocks in my portfolio:

My Buys in Q4 2019

I added to my Cisco Systems (CSCO) position in Q4 2019 quarter. Cisco had fallen more than 20% from its highs. They reported a stellar fiscal year 2019. However, they gave weak guidance for fiscal 2020. They expected slowness due to trade war and Brexit uncertainty. CSCO seems pretty good by all dividend metrics. Great payout ratio and good cash position. Cisco is midst of transitioning from a purely hardware focused business to subscription recurring revenue business. They are getting into business of selling chips with Silicon One, getting into security and application analytics software. I like the direction and actions company is taking to future proof itself. Here is a detailed analysis on Cisco Systems and their dividend metrics.
I also doubled my position in Pfizer. Pfizer had announcements related to spin off plans this quarter. This has lead the stock to tumble to where I originally bought its stock. I think Pfizer would make sure that the spin off their expired patents drugs plus new Pfizer will give same in dividend income before spin off. However, I am yet to decide if I want to keep or sell the spin off after it goes through.

I would expect my Q1 2020 quarterly dividend income to go up with help of these buys .

My Sells in this quarter

None! I would like to see each quarter as this one in terms of selling.

Check out my complete dividend portfolio here.

This is how the market value is spread across various industries in my portfolio:

Performance for the year 2019

I was able to beat S&P 500 across my roth and traditional brokerage accounts. I did have 3 non dividend income paying stocks that also helped me to beat S&P in those accounts. My wife also started a roth account in 2019. We bought dividend income stocks in that too. Since we started it in middle of the year, I do not have concrete performance data on that. But I will track it in 2020.

Plans for 2020

Buy more dividend growth stocks in our roth accounts. Currently, I get 45% dividends from 3 stocks in my portfolio. I will try to increase my existing positions in some holdings. I am looking at $AOS and $WFC in the near term to add to.

January 26, 2020 2 comments

Dividend Investing

Quarterly Dividend Update: Q3 2019

by Yoda October 1, 2019

Dividend Investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics and dividend safety. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. This quarter I was able to double positions in 2-3 of my holdings. Here is my Q3 2019 quarterly dividend update and comparison with Q3 2018.

Total: $585.53 for Q3 2019 (up 44% from Q3 2018 & up 13% from Q2 2019 )

Here is a graphical view of the same data:

Check out my and download/make your own dividend tracking sheet here and create awesome graphs as above for free.

My Buys in Q3 2019

I received some shares of Kontoor Brands (KTB) from the spin off of VF Corp (VFC) last quarter. Shares of KTB went down significantly after starting trading. Most likely due to it being small-mid cap company post spin off. Many funds that held VFC probably were forced to sell KTB due to its market cap and fund rules. I thought of it as a good long term opportunity. They are in a very boring jeans segment in the market which has stable sales. Plus the 7+% yield was a bonus. I bought some more during Q3 2019. I did more analysis on it here.
Doubled my position in Wells Fargo (WFC) in Q3 2019. This quarter had lots of talk about rates heading either direction. Rates were even cut for the first time in last 10 years. And then cut again. This created a lot of volatility in bank stocks. I believe that the worst from their scandals is behind WFC now. The fed enforcing a limit to their balance sheet in the meanwhile has really helped them to focus more on good quality loans to generate income. Towards the end of the quarter WFC finally managed to assign a new CEO. New CEO probably has a lot of house cleaning to do, but I think this is definitely a step in positive direction.
I bought some more of Altria (MO) in Q3 2019. With all the negative news around vaping and ban on vape devices from various state and international governments, MO’s price has fallen down a lot. Although I think MO management has a lot of experience with moving through regulatory hurdles. I think MO still has a pretty good chance of working with the governments to re-introduce vape devices in a very regulated manner. WSJ had a couple of interesting articles where they mentioned how JUUL took off their flavored pods form retail stores and ever since then we have had this health crisis. It also talked about how JUUL is already in process of making applications for May 2020 with the FDA to get their devices approved for sale. The dividend in the meanwhile appears safe.
I also doubled my position in Pfizer. Pfizer had announcements related to spin off plans this quarter. This has lead the stock to tumble to where I originally bought its stock.

I would expect my Q4 2019 quarterly dividend update to reflect higher dividends with the help of these buys.

My Sells in Q3 2019

Sold some of my position in National Instruments(NATI) from my taxable account. I just sell some of this position when it becomes too large, to reduce risk of too much of being in 1 stock.

Check out my complete dividend portfolio here.

Click this link for my Q2 2019 dividend update.

October 1, 2019 0 comment

Dividend Investing

Quarterly Dividend Update: Q2 2019

by Yoda June 30, 2019

Dividend Investing for me is a long-term strategy. I like to buy great companies at good value based on historical metrics and dividend safety. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. This quarter though, I decided to focus and keep/move more of my dividend stocks in my and my wife’s Roth accounts. So I did end up selling in small quantities wherever it made sense in my taxable accounts. Ideally I would like to buy and never sell. Here is my Q2 2019 quarterly dividend update and comparison with Q2 2018.

Total: $516.76 for Q2 2019

Here is a graphical view of the same data:

My Buys in Q2 2019

Bought about double my existing position in A.O. Smith(AOS) when 2 firms released short articles and the stock price went down to low 40’s. My original position was in my taxable account. This year I am focused on moving a lot of my taxable dividend positions to Roth accounts. This seemed like a good opportunity to do it.
Doubled my position in AbbVie Inc. (ABBV ) after they announced they are buying Allergen Plc (AGN) and it fell by 16%. Dividend is still pretty safe. They even announced plan to further focus on dividends. New company will have 18-19 billion in cash flows which is probably the main reason for the deal(diversification of revenue of course). Huge debt now becomes a concern now. I am planning to watch this like a hawk. Need to see debt go down next year as they mentioned in their presentation.

I would expect my Q3 quarterly dividend update to reflect higher dividends with the help of these buys.

My Sells in Q2 2019

Sold my small position in Coca-Cola Company(KO) at gain from my taxable account, purely to move proceeds to Roth. I might start building a position back in KO but not at these prices.
Sold my small position in Vodafone Plc(VOD) at loss from my taxable account, again moving proceeds to Roth. Plus this was leading to some dividend being withheld and not being able to re-invest dividends owing to foreign entity in my broker’s account.
Sold my 1 stock position in Apple Inc.(AAPL) at gain from my taxable account again to move money to Roth. I would like to start a position again in this maybe if it gets back to Dec-Jan 145$ prices.
Sold some of my position in National Instruments(NATI) from my taxable account. I just sell some of this position when it becomes too large, to reduce risk of too much of 1 stock.

Check out my complete dividend portfolio here.

Click this link for my Q1 2019 dividend update.

Check out my and download/make your own dividend tracking sheet here.

Dividends stocks do come with some risk, but with precautions you can avoid the risky one’s and choose the best dividend paying stocks for your portfolio. I prepared a guide where I discuss some key ratios, fundamentals, some important resources to look at while deciding to buy a dividend stock. Also find out how to get free access to Morningstar, Value Line, workaround paywall behind popular news sites like Seeking Alpha etc. Consider signing up for free instant access to the pdf version of the insights into dividend investing.

June 30, 2019 0 comment

Dividend Investing

Quarterly Dividend Update: Q1 2019

by Yoda April 22, 2019

Dividend Investing for me is a long-term strategy. I like to buy great companies when they are out of favor. Hold them for a long time, re-invest dividends and wait for compounding to do its magic. I have been investing in dividend stocks for the last 3-5 years, but only started recording my dividend income since 2018. I decided to share my dividend investing journey on a quarterly basis from Q1 2019 on wards.

Here are the results from Q1 2019 and comparison with Q1 2018:

Total: $412.37 for Q1 2019

Here is a graphical view of the same data:

My Buys in Q1 2019

Bought about 33% more position in DIS (Walt Disney Company) a few weeks before the Disney+ streaming announcement.
Bought some more of T (AT&T) purely for income.
Increased 50% more position in MO (Altria) in February.
A starter position in XOM (Exxon Mobil Corporation) and ABBV (AbbVie Inc.) in February.

Most of these buys in Q1 2019 did not contribute to any dividend income in Q1. But I would expect my Q2 income to grow much faster with the busy buying quarter I had in Q1.

My Sells in Q1 2019

None!

Check out my complete dividend portfolio here.

Please consider subscribing for quarterly updates to my dividend portfolio.

April 22, 2019 0 comment