Welcome back to the weekly Dividend Dollars portfolio review! Dividend Dollars, our investing approach is a dividend growth strategy with aspects of value investing and fundamental analysis. I am a young investor in my 20’s and by sticking to this strategy over the long term, the magical powers of compounding are on my side. This allows me to more easily build substantial positions in dividend paying stocks over time, which will one day help me reach the ultimate goal of being financially free through the sources of passive income they provide. You can read more about the strategy here. Let’s dive into the portfolio review!
To date, I have invested $10,550 into the account the total value of all positions plus any cash on hand is $10,615.85. That’s a total gain of 0.62%. The account is up $241.52 for the week which is a 2.33% gain.
We started building this portfolio on 9/24/2021 and, even with this rough last week, when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -7.3% whereas our portfolio is up 0.62%! I love tracking my portfolio against a benchmark like the S&P. The above chart comes from Sharesight which makes portfolio and dividend management a breeze!
We added $200 in cash to the account this week. The trades made this week will be broken out below
Above is a dashboard of the portfolio that tracks annual dividend income, yield, 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 and the blue ones are positions that I reinvested dividends into. The positions that we added to increased our annual dividend income by $11 at a yield of 4.45%.
This week we received three dividends: $0.74 from McCormick ($MKC), $4.24 from Global X S&P 500 Covered Call ETF ($XYLD), and $2.03 from Comcast ($CMCSA).
In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically.
Dividends received for 2022: $197.83
Portfolio’s Lifetime Dividends: $220.75
Below is a breakdown of my trades this week!
- July 25th
- McCormick ($MKC) – dividend reinvested
- July 26th
- Ecolab ($ECL) – added 0.2 shares at $157.75 (short term trade)
- $XYLD – dividend reinvested
- July 27th
- ETRACS 2x Levered ETF ($SMHB) – added 1 share at $8.78
- Ecolab ($ECL) – sold 0.2 shares at $160.10
- SCHD – added 0.13775 shares at $72.60 (recurring investment)
- XYLD – added 0.230044 shares at $43.47 (recurring investment)
- Comcast ($CMCSA) – dividend reinvested
- July 28th
- Comcast ($CMCSA) – added 1 share at $39.26
- Intel ($INTC) – added 1 share at $39.76
- Ally ($ALLY) – added 0.25 shares at $32.28
- July 29th
- Comcast ($CMCSA) – added 1 share at $37.92
- Intel ($INTC) – added 1 share at $35.42
- Ally ($ALLY) – added 0.35 shares at $32.89
This week I mostly focused on $INTC and $CMCSA as I indicated in the last portfolio review. Both had some rough earnings misses which gave some good buying opportunities. I’m not too concerned about $CMCSA’s earnings, most segments of the business performed as expected, however economic contractions affected the business more than anticipated. $INTC is a different story. Though they were also affected by the economy, revenues were way lower than expected and guidance was not peachy at all. This poor performance was to be expected while they build out the foundry business, but the severity of it was not. I’m still bullish on the long term for both, hence the buys at the end of the week.
Next week I plan on keeping my eyes $INTC again for the ex-dividend date coming up, and $ATVI, $AFL, $SBUX, $AMGN, and $O for their earnings reports as potential buys.
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!
Read the weekly market review to get a recap of the week and what economic events are coming in order to help arm yourself with a strategy for your future buys!
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 and stay safe!