Welcome back to Dividend Dollars!
We have survived another red week in the market with most indexes posting a larger than 1% loss for the week meanwhile our account ended higher by 0.5%!
Every week I write an update on the dividend portfolio as we build it so that we can track its progress. I will give an overview of what the portfolio is invested in, its value, the dividends received, trades made, and any news or business announcements that may be of interest to our positions.
Portfolio Value
To date, I have invested $6,100 into the account, the total value of all positions plus any cash on hand is $6,340.48. That’s a gain of $240.48 for a total return of 3.94%. The account is up $32.75 for the week which is a 0.52% gain.
We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down 0.83%! Let’s keep up this good progress with smart adds to the portfolio.
We added $165 to the account this week. A significant chunk of that money added was put towards adding buys in CMI, a stock from our monthly watchlist.
Portfolio
Above is a dashboard of the portfolio as tracked through simplysafedividends.com. I use that site for tracking forecasted dividend income, yield, annual income, beta, dividend growth, and more.
Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week. Usually, a chunk of my buys throughout the week are buys from my monthly stock picks. You can read about February’s stock picks here. I use a stock screener to find potentially undervalued stocks with safe and growing dividends. All stock picks (for this month and previous months) are highlighted in blue.
This week our activity lowered our annual dividend income by $6. Our dividend yield decreased by 0.23% and our beta remained flat. My portfolio’s dividend yield may be just slightly higher than you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which help me realize the benefits of compounding sooner. Our beta usually hovers right around the mid 0.6s which I like, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity.
This week I did some reorganizing of a couple of oil/energy positions to better consolidate the money I have invested in those segments. You can see those trades below.
Dividends
This week we received one dividend from EPD for $2.79 that will be reinvested tomorrow.
Dividends received for 2022: $33.56
Portfolio’s Lifetime Dividends: $56.48
Trades
Here’s the breakdown of the trades I made this week:
- February 7th
- UWMC – sold 1 $5 2/18 covered call for a $5 premium
- February 8th
- T – added 1 share at $23.96
- February 9th
- XYLD – added 0.202454 shares at $49.139 (recurring investment)
- SCHD – added 0.125395 shares at $79.75 (recurring investment)
- February 10th
- CMI – bought 0.45 shares at $225.78 (new position)
- UWMC – added 1 share at $4.66
- February 11th
- MMP – sold 4 shares at $48.13 (closed position)
- AQN – sold 3.030818 shares at $14.13 (closed position)
- NEE – bought 3 shares at $75.66 (new position started from MMP and AQN sells)
- T – added 1 share at $24.33
- UWMC – added 1 share at $4.44
Noteworthy News
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.
Unfortunately, I was so busy this week that I did not follow news on positions, so I have nothing to share here. Hopefully, I’ll have some content for this section next week!
Summary
That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!
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! See you next week!