Welcome back to the weekly Dividend Dollars portfolio review! This portfolio update is brought to you by Sharesight, a portfolio tracking tool that I am happy to partner with. Their platform makes tracking trading and dividend history, understanding your performance, and saving time a breeze. I wrote a review of the product that you can read here if you’re interested in learning more! Click the link above or the picture below to get a special offer only for Dividend Dollar readers!
Here at 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 $13,490 into the account the total value of all positions plus any cash on hand is $13,852.71. That’s a total gain of 2.74%. The account is down $230.10 for the week which is a 1.63% loss.
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 -8.19% which puts us 10.93% higher than the market! 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 $120 in cash to the account this week, trades made 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, the blue ones are positions that I reinvested dividends into, the yellow ones are positions that announced a dividend increase this week, and the red are positions that I trimmed. Our PADI this week decreased from $518 to $525.
This week I received no dividends, how sad!
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 2023: $55.72
Portfolio’s Lifetime Dividends: $466.12
This week was a week of buying down into some DCA worthy positions leading into coming ex-dividend dates. We added to $AY, $MMM, and $SHOO. $AY’s next dividend hasn’t been declared yet, but I am expecting it to hit in mid-March.
The $MMM add was in anticipation of the dividend hike that was expected to be announced that day. The hike was another token small hike in order to keep their streak alive, which was to be expected given the situation with their litigations. I’ll continue to add slowly to this one, the litigations will not put $MMM out of business by any means but is a significant headwind for them in coming years. Long-term, these litigations provide a great value opportunity to buy into a powerhouse of a company.
Then both $SHOO and $ATVI were DCA’s. $ATVI was down on regulatory news, but that does not change my thesis on the merger arbitrage play with expected completion in June. At almost 4% of my portfolio, this position probably won’t get much bigger than here.
We also completed our regular ETF buys on Wednesday.
Below is a breakdown of the trades I made this week:
- February 6th, 2023
- Activision Blizzard ($ATVI) – added 1 share at $71.42
- February 7th, 2023
- 3M ($MMM) – added 0.25 shares at $115.28
- February 8th, 2023
- SPDR S&P 500 ETF ($SPY) – added $10 at $413.62 per share (weekly buy)
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $26.73 per share (weekly buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $77.11 per share (weekly buy)
- Steven Madden ($SHOO) – added 1 share at $34.19
- February 9th, 2023
- Steven Madden ($SHOO) – added 1 share at $33.91
- Atlantica Sustainable Infrastructures ($AY) – added 1 share at $26.45
- February 10th, 2023
- AT&T ($T) – Covered call expired worthless, 100% gain on the premium
Next week I will continue to add $10 into each ETF ($SPY, $XYLG, and $SCHD) and will continue to hold onto some cash if the market gets lower. I have started to slowly deploy that cash in case a bottom has already been hit, but only time will tell. I really want to deploy this cash position into $CMCSA, and $INTC to build 100 share positions in them for covered call activities. I will also be watching $T for opportunities to sell covered calls.
That is it for the update this week. The market recap and outlook for this wild week will be posted soon, so make sure to have the site bookmarked or subscribe via email on the homepage!
Thank you for reading! See you next week and stay safe!