Welcome back to Dividend Dollars! I hope you’re doing well and had a great week of investing. I hope you had a nice Thanksgiving as well!
Every week I write an update on the dividend portfolio so that we can track its progress. I will give an overview of the portfolio and its value, the dividends received, trades made, and any news or business announcements made that may be of interest to our positions.
Nearly all economic data released this week was positive. The market looked poised to continue climbing to new highs. However, markets dipped by over 2% on Friday following news of a new Covid-19 strain found in South Africa that seemed to scare the market.
Black Friday for stocks on an actual Black Friday! How fun! Some investors were worried, but as a dividend investor we have no need to be. Every stock we buy is a purchase that secures passive income for us, therefore the price of the stock itself is not super important. Flash sales like Friday are great days for us to add more dividends to our wallet at a discounted price.
As you’ll see in this article, I made a handful of purchases on Friday and will keep watching the market reaction to the news in the following weeks. I would not be surprised if we see more downside, so prepare your account to buy as opportunities present themselves!
To date, I have invested $3,360 into the account, the total value of all positions plus any cash on hand is $3,468.78. That’s a gain of $108.78 for a total return of 3.24%. The account is up $45.99 for the week and up from 2.38% total return as of last week.
Love seeing these gains! This week we invested pretty heavily! We added $435 to the account. I’ll need to hold back on investing so much as the holidays get closer. I also recently started a new job and have been without income this month as I wait for the payroll cycle at my job to pick me up!
Below is a table of everything we are invested in so far. The tickers in green are stocks that I added to this week. I added $435 to the portfolio this week and made some nice buys! A lot of my buys throughout the week are buys from this month’s stock picks. You can read that article here. I use a stock screener to find potentially undervalued stocks with safe and growing dividends. I will add to positions on the picks and others as good buying opportunities (like the dip on Friday) presents themselves. Stock picks for this month are LMT, CAH, and MO. I added to my MO position from the stock picks but I made many other purchases as well.
This week our buys added $20 to our annual dividend income. Our dividend yield dropped by .04% and our beta went up by 0.02. Neither of those are particularly a bad or good thing. High dividend yields can mean that a company is paying too much in dividends and could be at risk of needing to cut dividends depending on the healthiness of the balance sheet. 4.69% dividend yield is a little higher than most dividend portfolios I’ve seen. Since I am young and just starting off, a high yield, though risky, is better for my long term time horizon.
This week we did not receive any dividends
Dividends received for the week of November 2nd: $0
Dividends received for November 2021: $3.52
Year-To-Date Dividends: $4.16
Here’s the breakdown of the trades I made this week:
On November 22nd I added one share of T at $24.10.
On November 23rd I added two shares of AQN at $13.93 for a new position.
On November 24th I added two shares of EPD at $22.04 for a new position and added 0.127153 shares to SCHD at $78.65.
On November 25th I added lots of turkey to my gut. Happy Thanksgiving!
On November 26th I added one share of XOM at $59.84 for a new position, one share of WBA at $45.95, one share of AMGN at $202.51, and one share of T at $24.24.
This section of the post will identify some headlines that may be of import to our positions. If they are important enough, we will also call out in the posts if the news calls for actions to readjust our portfolio. There was not too much direct news which affects our stock positions; however I will keep a close eye on the Covid variant situation and try my best to gauge information be prepared for how it may affect the market.
A few days a week I post market updates on my twitter account which contains statistics from that day’s economic data releases. Go follow me on twitter to see those updates and any other news I deem noteworthy!
- Canada rules Boeing out of C$19 billion fighter jet contract – Canadian Press
- With Boeing out of the deal, this leaves Lockheed (LMT) and one other company in the running for the contract. A decision is said to be made next year and would be a substantial booster to Lockheed’s backlog of work if they are awarded.
- Juul to pay $14.5 million to settle AZ lawsuit over youth marketing – Reuters
- Altria (MO) owns a significant stake of Juul. Though $14.5 million is a drop in the bucket for a company like Altria who isn’t even a sole owner of the Juul, these youth marketing lawsuits are popping up in multiple states and can add up to substantial fees. This is something to keep an eye on. These lawsuits could provide us with discounted stocks momentarily and does not change my outlook of the stock at all.
That is it for the update this week. Let’s kill it next week and keep our eyes open for more good buying opportunities! Let’s see how the market reacts to the Covid variant news and see if we can capitalize on it by continuing to add aggressively. Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!
Thank you for reading and take care!