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 $15,050 into the account the total value of all positions plus any cash on hand is $15,453.30. That’s a total gain of 2.68%. The account is up $516.46 for the week which is a 3.46% 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 -7.777% which puts us 10.45% 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 last 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 increased from $630 to $635.
This I received $21.14 from four dividends ($AY, $SCHD, and $XYLG).
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. All four of these dividends were received after close on Friday and will be reinvested on Monday.
Dividends received for 2023: $133.88
Portfolio’s Lifetime Dividends: $544.28
This week was not too busy for me. The market was on quite the run to end the quarter. I personally think some more downside is coming later this year, so taking a couple conservative weeks like this won’t hurt me in the long run. We took 91% gains on the $NYCB covered call, reinvested all dividends, picked up some $CMCSA for the next dividend, and added more into $SMHB due to the continued small cap weaknesses.
Full details for my trades are below:
- March 27th, 2023
- Bought to Close $NYCB Covered Call – $11 strike, 4/21 expiration for $1, $10 gain
- Atlantica Sustainable Infrastructure ($AY) – $5.74 dividend reinvested
- Schwab US Dividend Equity ETF ($SCHD) – $6.22 dividend reinvested
- March 28th, 2023
- Comcast ($CMCSA) – added 1 share at $36.69
- ETRACS 2xMonthly Pay Levered ETN ($SMHB) – added 2 shares at $5.03
- March 29th, 2023
- Global X S&P 500 Covered Call & Growth ($XYLG) – $4.41 dividend reinvested
Next week I will look to continue my weekly buys into $SPY, $SCHD, and $XYLG (which I haven’t been doing a good job of), and watch for more opportunities to add into $CMCSA and $INTC as those are my next ex dividend dates for red positions.
That is it for the update this week. The market recap and outlook will be posted later this week and provides tons of information on what macro statistics I look at to keep a temperature gauge on the market and inform my portfolio movements. Read last week’s here while you wait for the new one!
Thank you for reading! See you next week and stay safe!