Archive for the ‘Dividend Income’ Category.

2017-05 Dividend Income Report

Here is the dividend income report for May, 2017.

The monthly dividend income came out to $531.68. The yearly income total for 2017 through the end of the month was $2346.62.

The income for May, 2016 was $436.85, and the yearly income for 2016 through the end of May was $2059.52.

There is not a whole lot to report this month. Just rolling along and making money.

I did get a WGL payment. I think there will be three more before the acquisition by AltaGas is complete.

I know that last month I said it was not an argument against DGI that WGL was being bought out. A counter might be that after the buyout, I will no longer be getting that money from WGL. That is true. But that also is not an argument against DGI in my opinion.

Generally, nobody acquires a company that is not profitable. I know I am always saying price is not as important to DG investors as it is to other investors, and that is true, but that does not mean I am against taking a capital gain when I have to. I spent $974 on WGL when I first bought it. When I got the payout from WGL on May 1, my shares were worth $2,942.17, for a gain of $1967.77, which I can then use to buy another DG stock.

And as to why I would take a capital gain “when I have to”, my goal is to buy DGI stocks and use them as an income stream for years, ideally for the rest of my life. Buying low to sell high sounds nice, but does not always work. It tends to stop working when people need it to work the most, like the dot com bubble or the meltdown during the Great Recession. People tend to need a higher price the most when they are least likely to get it. Then they truly understand free markets. I don’t care if you paid $80/share for a stock that is now selling at $40/share. Why should I pay you $80 when everybody else is selling at $40? I don’t care if you owe the bank $350K on your mortgage and you put a deck on your house and redid your bathroom. If all the houses in your area are going for $300K, that’s what you’re getting. End of story.

We saw a lot of stocks go down in price during those two meltdowns yet still increase their dividends. DGI performs better in a crisis than the capital gains/buy-low-sell-high model that most people go by. It might not always work, but the last two times things fell aprt it worked better. Past performance may not guarantee future results, but I would rather rely on patterns than dreams.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each May from 2011 through 2017:

Month YTD Amount 3MMA 12MMA
2017-05 $2346.62 $531.68 $553.90 $530.30
2016-05 $2059.52 $436.85 $479.79 $477.37
2015-05 $1803.11 $361.99 $411.92 $402.51
2014-05 $1411.19 $280.01 $304.77 $306.30
2013-05 $1141.24 $242.65 $260.91 $288.11
2012-05 $1268.97 $258.15 $257.13 $270.51
2011-05 $1114.84 $266.55 $233.03 $194.61

 

Here are the stocks and the income amounts for May, 2017:

  • ABM Industries Inc: $9.88
  • AT&T: $52.64
  • Verizon: $61.70
  • WGL Holdings Inc: $18.09
  • Clorox Co: $47.19
  • Air Products & Chemicals Inc: $64.07
  • Lowe’s Cos Inc: $19.42
  • Colgate-Palmolive: $45.49
  • Hormel Foods Corp: $16.77
  • Northwest Natural Gas Co: $29.43
  • Procter & Gamble: $42.36
  • Texas Instruments: $54.84
  • Eaton Corporation: $69.80

“Where There Are People Money May Be Made” by Adriaen van de Venne (1589 – 1662), available here, assumed allowed under Fair Use.

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2017-04 Dividend Income Report

Here is the dividend income report for April, 2017.

The monthly dividend income came out to $324.66. The yearly income total for 2017 through the end of the month was $1814.94.

The income for April, 2016 was $270.38, and the yearly income for 2016 through the end of April was $1622.67.

I got my first payout from Leggett and Platt (LEG), which I think more than makes up for the income I lost since Duke bought Piedmont Natural Gas.

I found out that WGL Holdings (WGL), a “B” month stock, decided to be acquired. Rather, the board decided to pursue a merger with Canadian company AltaGas. I got this packet in the mail asking me to vote on it. I found out that if the merger does not go through, WGL will have to pay a breakup fee to AltaGas of $136 million. Perhaps the board should have asked shareholders to vote on whether to agree to a merger in the first place. WGL would have to pay a fee even if AltaGas breaks off the merger under most circumstances; there are some in which AltaGas would have to pay WGL amounts ranging from $68 million to $205 million.

Granted, if it goes through, I lose a dividend stock that gives me money. But I get some cash to buy another stock. Should I go with another gas utility? I have already had two bought out from under me (Piedmont and Questar). An article in Forbes points out that low interest rates and growing use of natural gas in the USA has fueled a lot of mergers in the past few years. There is more to the hype than just a lot of hot air; this sector is really cooking.

I might add a few gas utilities to my watch list: ATO, SJI, SRE, SWX. Another reason to add another gas utility is that NWN,  another gas utility I own, has had declining revenue for a while. These other utilities are doing better on that measure.

So I will probably have at least one fewer stock soon. That kind of stinks, but as I wrote I can use the cash to buy something else. Sometimes DGI detractors (or stock detractors in general) will say something like, “While X companies that fit this criteria twenty years ago, only Y still do. Some of those companies do not exist anymore.” You hear this from people in the startup world who like to bash corporations. I don’t think that a company being acquired (or even going private) is necessarily a bad thing, or that it invalidates the DGI or corporate models. WGL isn’t going bankrupt. Being acquired or going private is not a sign of failure for a large corporation, any more than being acquired would be a sign of failure for a startup. Is Instagram a failure because they were bought by Facebook? Pivoting, on the other hand, could mean you were just flat out wrong to begin with.

No dividend growth investor who knows what they are doing thinks dividends are guaranteed forever. But the probability that a firm that has paid dividends will continue to do so is pretty high. It is better than hoping to get a good price when you need it. Dividends tend to mostly go up, while price is more volatile. Even Bogle knows this.

(An announced dividend payment IS guaranteed, and legally binding.)

Also: do not interpret all of this to mean that corporations are always right; think of Monsanto suing farmers, tobacco companies spreading disinformation about cancer, oil companies spreading disinformation about climate change, etc.

Interesting fact: the word “disinformation” actually comes from Russian. Coincidence? I think not.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each April from 2011 through 2017:

Month YTD Amount 3MMA 12MMA
2017-04 $1814.94 $324.66 $532.02 $522.40
2016-04 $1622.67 $270.38 $461.86 $471.14
2015-04 $1441.12 $261.30 $409.21 $395.68
2014-04 $1130.58 $196.43 $323.64 $303.18
2013-04 $898.59 $179.23 $262.82 $289.40
2012-04 $1010.82 $218.56 $274.05 $271.21
2011-04 $848.29 $203.10 $216.30 $179.46

Here are the stocks and the income amounts for April, 2017:

  • Automatic Data Processing: $34.89
  • Coca-Cola Co: $50.43
  • MDU Resources Group Inc.: $11.64
  • Kimberly-Clark: $58.24
  • Illinois Tool Works: $36.82
  • Leggett & Platt, Incorporated: $51.00
  • Chubb Corp: $44.13
  • RPM International Inc.: $17.73
  • Sysco Corp: $19.78

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2017-03 Dividend Income Report

Here is the dividend income report for March, 2017.

The monthly dividend income came out to $805.35. The yearly income total for 2017 through the end of the month was $1490.28.

The income for March, 2016 was $732.13, and the yearly income for 2016 through the end of March was $1352.29.

In February I bought Aqua America, which pays in “C” months, but I did not buy it in time for the March payout.

I am thinking about decreasing my oil stocks (or even getting rid of them altogether) and getting more water utilities. Right now the yields in water utilities is kind of low, but I think long term it is a better bet than oil companies. I think we will be using oil for a while, but the past few years have been a wild ride for oil companies, and I don’t think things will calm down anytime soon. There seems to be a lot going on in a lot of industries that have a lot of dividend payers: Utilities, banks, railroad companies. I wonder if the dividend revival that we have seen in the past decade will last the next downturn.

I have been thinking about putting some of the money I have in a taxable account into some ETFs. I am thinking about buying shares in a real estate ETF, even though a lot of people say real estate is also overvalued. Granted, I think people have been calling everything overvalued for about five years now. Maybe it’s time to just bite the bullet.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each March from 2012 through 2017:

Month YTD Amount 3MMA 12MMA
2017-03 $1490.28 $805.35 $496.76 $517.88
2016-03 $1352.29 $732.13 $450.76 $470.38
2015-03 $1179.82 $612.48 $393.27 $390.27
2014-03 $934.15 $437.87 $311.38 $301.75
2013-03 $719.36 $360.85 $239.79 $292.68
2012-03 $792.26 $294.68 $264.09 $269.92
2011-03 $645.19 $229.43 $200.06 $163.15

Here are the stocks and the income amounts for March, 2017:

  • AFLAC Inc: $47.45
  • American States Water Co: $27.98
  • Black Hills Corp: $16.78
  • Bemis Co Inc: $31.99
  • Vectren Corp: $25.91
  • Valspar Corp: $22.25
  • Chevron: $27.22
  • Emerson Electric Co: $52.45
  • Honeywell International: $67.97
  • Sonoco Products Co: $49.91
  • Walgreen Co: $22.22
  • Exxon Mobil Corp: $89.32
  • 3M Co: $16.48
  • Archer-Daniels-Midland Co: $38.70
  • Johnson & Johnson: $83.60
  • Dover Corp: $10.55
  • Consolidated Edison Inc: $22.56
  • Kellogg Company: $56.26
  • RLI Corp: $26.51
  • Eaton Corporation: $69.24

Paisagem com arvoredo e figura” (Landscape with Grove and Figure) by Portuguese painter Alfredo Keil (1850-1907), assumed allowed under Fair Use.

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2017-01 Dividend Income Report

Here is the dividend income report for January, 2017.

The monthly dividend income came out to $218.88. The yearly income total for 2017 through the end of the month was $218.88.

The income for January, 2016 was $237.08, and the yearly income for 2016 through the end of January was $237.08.

The main reason the income went down is PNY was bought out. I bought LEG, but too late to get the dividend for January. My twelve-month moving average went down slightly for January. Since January is what David Fish calls an “A” month, the income tends to be smaller in January. Another reason the January income is low is because KO pulls its first dividend back and pays it in January, and pays the other three in the other “A” months.

As I stated, I bought LEG, but too late to get the payout for January. I guess I missed the ex-date, or the record date, or something. I don’t really know what exactly those dates mean. One comes before the other, and one of them makes you eligible to receive the dividend for the quarter. I think you have to buy the stock before whichever comes first. I don’t really know. Frankly, I don’t care. I have sold stocks in the past, and I will probably sell some more in the future, but the general plan is to hold on to the stocks I buy for years. Ideally for the rest of my life. Waiting an extra three months for the first payout will probably not make any difference about whether or not I eat cat food when I am old.

I have heard there are some people (or at least trading firms) will buy a stock and hold it just long enough to get the dividend, and then sell it before the payout and put the money into some other stock. I agree with Warren Buffett on this point: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.” I guess you could make money by going in and out like that. You would have to take positions large enough to make more than your trading costs. But it just sounds like a lot of effort.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each January from 2012 through 2017:

Month YTD Amount 3MMA 12MMA
2017-01 $218.88 $218.88 $584.54 $504.86
2016-01 $237.08 $237.08 $550.81 $457.97
2015-01 $213.49 $213.49 $471.54 $374.28
2014-01 $159.67 $159.67 $335.67 $287.98
2013-01 $110.12 $110.12 $348.07 $292.20
2012-01 $188.68 $188.68 $316.66 $256.77

 

Here are the stocks and the income amounts for January, 2017:

  • Automatic Data Processing: $34.69
  • MDU Resources Group Inc.: $11.57
  • Kimberly-Clark: $54.80
  • Illinois Tool Works: $36.63
  • Chubb Corp: $43.90
  • Sysco Corp: $19.66
  • RPM International Inc.: $17.63

Image  from Wikipedia, assumed allowed under Fair Use. Painting “View of Constantinople” (1856) by Russian-Armenian painter Ivan Aivazovsky (1817-1900).

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2016-12 Dividend Income Report

Here is the dividend income report for December, 2016.

The monthly dividend income came out to $1027.76. The yearly income total for 2016 through the end of the month was $6076.53.

The income for December, 2015 was $954.52, and the yearly income for 2015 through the end of December was $5472.07.

RLI paid a special dividend in December, as they have done (in varying amounts) since 2010. 2010 is also when I first bought RLI. It’s almost like they knew I showed up. It is only because of the special dividend that I cracked $1000/month in December. Unless I buy a LOT of new stocks or increase shares in stocks I already have by a significant amount, I will probably not crack $1000/month again until next December. It will probably be a while until making more than $1000/month becomes a regular occurance.

Without the special RLI dividend, the yearly total would have been $5820.38, and the Decemer total would have been $771.61. For 2015, the yearly total without the special RLI dividend would have been $5227.18, and the December total would have been 709.63.

So 10% year growth is not too bad, but not too great considering what I might need. As I stated before, I guess in the back of my mind I thought this double compounding would be really snowballing by now. Shows you what I know.

I beat my total from 2015. But I still did not beat my best year, so 2016 is only my second-best year. My best year for dividend income was 2007, when I made $6575.54 in mutual funds in my 401k.

I will probably start investing in my taxable account again soon. I think this time I will stick with ETFs to avoid complexity. I will do dividend growth ETFs, real estate ETFs, and bond index ETFs. If the fund does not pay, stay away.

With regard to stocks, I will still be split between getting new stocks and increasing the number of shares in the stocks that I own. My goal is to either have 100 shares of each stock, or (ideally) enough shares such that each quarterly payout is enough to buy an entire share. Right now, only 7 get 0.9 shares or more a quarter. (With some stocks, sometimes there is more than enough to get a whole share, while other stocks are right at the cusp, and small price movements can push them above or below the 1 share threshold.) Right now I have 42 stocks, and not counting spin-offs I have sold 13. So to stay diversified I should probably buy a few more.

I will keep looking into food and water stocks.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each December from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-12 $6076.53 $1027.76 $605.28 $506.38
2015-12 $5472.07 $954.52 $575.86 $456.01
2014-12 $4438.02 $909.86 $481.67 $369.80
2013-12 $3406.20 $594.59 $344.05 $283.85
2012-12 $3585.01 $686.10 $386.41 $298.75
2011-12 $3091.99 $514.94 $323.40 $253.92

 

Here are the stocks and the income amounts for December, 2016:

  • AFLAC Inc: $47.16
  • American States Water Co: $27.82
  • Black Hills Corp: $15.73
  • Bemis Co Inc: $30.75
  • Vectren Corp: $25.69
  • Johnson & Johnson: $83.00
  • Archer-Daniels-Midland Co: $36.04
  • Emerson Electric Co: $52.01
  • Honeywell International: $67.56
  • Sonoco Products Co: $49.56
  • Exxon Mobil Corp: $88.56
  • Chevron: $26.96
  • 3M Co: $15.47
  • Walgreen Co: $22.13
  • Dover Corp: $10.49
  • Consolidated Edison Inc: $21.71
  • Kellogg Company: $55.87
  • Coca-Cola Co: $47.31
  • Valspar Corp: $22.17
  • RLI Corp: $25.62
  • RLI Corp: $256.15

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2016-11 Dividend Income Report

Here is the dividend income report for November, 2016.

The monthly dividend income came out to $506.98. The yearly income total for 2016 through the end of the month was $5048.77.

The income for November, 2015 was $460.83, and the yearly income for 2015 through the end of November was $4517.55.

It looks like I will beat my total from 2015. But I will still not beat my best year, so 2016 will only be my second-best year. For the first time, my 12 month moving average was more than $500.

For the past few years, my total was going up by about $1000/year, but I think that rate will not hold this year. I will have to live to about 150 to be able to live off my dividends at the rate this is going. Granted, if I rolled over my Roth 401K from my job, I would have a lot more money to invest.

Right now, I am not too sure what to invest it in. PE ratios are still pretty high. But, as I have said, they have been high for a while. But, as Barry Ritholtz reminds us, markets are rarely fairly valued. Maybe next year I will start to buy more. I found a site called Earnings Cast that archives quarterly conference calls for a lot of companies. Another thing to add to my to-do list.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each November from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-11 $5048.77 $506.98 $502.98 $500.27
2015-11 $4517.55 $460.83 $477.55 $452.28
2014-11 $3528.16 $291.27 $357.30 $343.53
2013-11 $2811.61 $252.75 $277.74 $291.48
2012-11 $2898.91 $247.99 $262.78 $284.49
2011-11 $2577.05 $246.37 $232.84 $240.81

 

Here are the stocks and the income amounts for November, 2016:

  • AT&T: $50.31
  • Verizon: $60.26
  • WGL Holdings Inc: $17.05
  • Lowe’s Cos Inc: $19.23
  • ABM Industries Inc: $9.51
  • Air Products & Chemicals Inc: $57.28
  • Clorox Co: $46.56
  • Colgate-Palmolive: $43.85
  • Hormel Foods Corp: $14.18
  • Northwest Natural Gas Co: $28.95
  • Procter & Gamble: $40.49
  • Texas Instruments: $54.10
  • Eaton Corporation: $65.21

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2016-10 Dividend Income Report

Here is the dividend income report for October, 2016.

The monthly dividend income came out to $281.09. The yearly income total for 2016 through the end of the month was $4541.79.

The income for October, 2015 was $312.23, and the yearly income for 2015 through the end of October was $4056.72.

The twelve-month moving average was lower than it was last month. It has not gone down month-to-month in about three years. Last year I still had my taxable account, and I have shares of some companies in both my IRA and my taxable account, so some stocks paid a lot more in October, 2015 since I had more shares of them.

I sold all the shares in that account because owning shares directly in a taxable account forces an investor to deal with a lot more complexity that if they went with ETFs in a taxable account or kept direct shares in an IRA. But there is still some complexity when you own shares in an IRA.

In September, STR got bought out. In October, PNY got bought out. And APD and HON had spinoffs. I sold the shares from those spinoffs immediately. They have not announced any dividends, and I did not have that many shares anyway. For one of the spinoffs, I only got six shares.

All of this work has made me consider just going with ETFs. I do not plan on moving away from dividend growth investing. I would just like there to be a bit less effort on my part.

Just as I took a walk down memory lane for STR, I will do one for PNY. I bought 50 shares of PNY on 2010-07-12 at $26.00. By the time I was bought out on 2016-10-03, I had 60.503 shares. As with STR, all the new shares were from dividend reinvestments, not from actual purchases. The first dividend from PNY was paid on 2010-10-15, for $14.74, with a payout of $0.28/share, which bought 0.498 shares at a price of $28.10, while the last regular dividend was on 2016-07-28; I got $21.53, with a payout of $0.34/share, which bought 0.36 shares at a price of $59.74. That is an increase of about 45% in dividend income over five years.

October is an “A” month. Those months have the lowest income. I will have to buy new companies and/or increase my stakes in the companies I own that pay out in “A” months to make up for the income I will no longer get from PNY.

I don’t know why I did not get shares on the companies that bought STR and PNY. I always thought that is what a merger is. Perhaps I did not have enough shares to be part of the new club.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each October from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-10 $4541.79 $281.09 $508.05 $496.43
2015-10 $4056.72 $312.23 $459.42 $438.15
2014-10 $3236.89 $243.87 $368.19 $340.32
2013-10 $2558.86 $184.81 $295.19 $291.08
2012-10 $2650.92 $225.14 $285.46 $284.35
2011-10 $2330.68 $208.90 $258.17 $238.44

Here are the stocks and the income amounts for October, 2016:

  • Automatic Data Processing: $32.07
  • Coca-Cola Co: $46.92
  • MDU Resources Group Inc.: $11.18
  • Kimberly-Clark: $54.40
  • Piedmont Natural Gas Inc: $20.57
  • Illinois Tool Works: $36.43
  • Chubb Corp: $43.65
  • Sysco Corp: $18.35
  • RPM International Inc.: $17.52

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2016-09 Dividend Income Report

Here is the dividend income report for September, 2016.

The monthly dividend income came out to $720.86. The yearly income total for 2016 through the end of the month was $4260.70.

The income for September, 2015 was $659.59, and the yearly income for 2015 through the end of September was $3744.49.

Since September is a “C” month, the income was pretty high. Still not enough to cover the rent. Sometimes I wonder when this dividend investing will be enough to cover my expenses.

Questar (STR) was acquired by Dominion Resources. All STR shreholders got cash (at least I did) and a final dividend. I have been thinking about buying some more stock, and now I have to in order to keep getting the $12/quarter I was getting from STR.

I bought 50 shares of STR on 2011-03-02 at $17.34. By the time I was bought out on 2016-09-20, I had 59.367 shares. All the new shares were from dividend reinvestments, not from actual purchases. The first dividend from STR was paid on 2011-06-13, for $7.63, with a payout of $0.1530/share, which bought 0.442 shares at a price of $17.60, while the last regular dividend was on 2016-09-12; I got $12.95, with a payout of $0.22/share, which bought 0.517 shares at a price of $25.03. That is an increase of about 70% in dividend income over five years. (There was also another dividend on the day of the buyout of about $.07/share.)

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each September from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-09 $4260.70 $720.86 $505.47 $499.02
2015-09 $3744.49 $659.59 $443.06 $432.46
2014-09 $2993.02 $536.75 $353.04 $335.39
2013-09 $2374.05 $395.65 $293.78 $294.44
2012-09 $2425.78 $315.21 $283.66 $283.00
2011-09 $2121.78 $243.26 $256.81 $233.01

Here are the stocks and the income amounts for September, 2016:

  • AFLAC Inc: $44.72
  • American States Water Co: $25.61
  • Black Hills Corp: $15.62
  • Bemis Co Inc: $30.58
  • Vectren Corp: $24.27
  • Johnson & Johnson: $82.45
  • Archer-Daniels-Midland Co: $35.79
  • Emerson Electric Co: $51.00
  • Honeywell International: $60.14
  • Sonoco Products Co: $49.22
  • Exxon Mobil Corp: $87.81
  • Chevron: $26.44
  • 3M Co: $15.37
  • Questar Corp: $12.95
  • Walgreen Co: $22.03
  • Dover Corp: $10.43
  • Consolidated Edison Inc: $21.51
  • Kellogg Company: $55.50
  • Valspar Corp: $19.71
  • RLI Corp: $25.54
  • Questar Corp: $4.17

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2016-08 Dividend Income Report

Here is the dividend income report for August, 2016.

The monthly dividend income came out to $522.20. The yearly income total for 2016 through the end of the month was $3539.84.

The income for August, 2015 was $406.45, and the yearly income for 2015 through the end of August was $3084.90.

I am still on track to make more than I did last year, but not by much. The rate of increase is already slowing. I bought TXN in January, and more ADP and EMR in late June. It will take awhile for the second two to have a big effect. So I think 2016 will be my second-best year for dividend income. Before I started DGI (dividend growth investing), my second best year for dividend income was 2008, when funds in my then-employer’s 401(k) made $5420.86. I beat that last year by making $5472.07. The best year so far was 2007, when I made $6575.54. I do not think I will beat that this year.

It might be awhile before I set a new record. I am thinking about reducing my exposure to oil companies and increasing my exposure to water utilities. I think water utitlies are a better bet going forward, but they have lower yields.

I am still debating whether I should buy new companies, or buy more of what I have until I get everything I own up to 100 shares.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each August from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-08 $3539.84 $522.20 $493.44 $493.92
2015-08 $3084.90 $406.45 $427.26 $422.22
2014-08 $2456.27 $323.94 $348.41 $323.64
2013-08 $1978.40 $305.11 $279.05 $287.74
2012-08 $2110.57 $316.04 $280.53 $277.00
2011-08 $1878.52 $322.35 $254.56 $225.45

Here are the stocks and the income amounts for August, 2016:

  • ABM Industries Inc: $9.46
  • AT&T: $49.75
  • Verizon: $58.36
  • WGL Holdings Inc: $16.93
  • Lowe’s Cos Inc: $19.15
  • Vodafone: $33.25
  • Air Products & Chemicals Inc: $56.95
  • Clorox Co: $46.28
  • Colgate-Palmolive: $43.62
  • Hormel Foods Corp: $14.12
  • Northwest Natural Gas Co: $28.59
  • Procter & Gamble: $40.18
  • Texas Instruments: $40.90
  • Eaton Corporation: $64.66

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2016-07 Dividend Income Report

Here is the dividend income report for July, 2016.

The monthly dividend income came out to $273.36. The yearly income total for 2016 through the end of the month was $3017.64.

The income for July, 2015 was $263.13, and the yearly income for 2015 through the end of July was $2678.45.

July is one of what David Fish refers in his spreadsheet as the “A” months (January, April, July, October). They are usually the months with the smallest totals. The months with the biggest hauls are the “C” months (March, June, September and December). Honestly I have no idea why that is.

I am also looking at LEG and YORW. LEG had a high payout ratio above 100% for a while, but they seem to be coming back to earth a bit. YORW is a water utility. They are based in central Pennsylvania. I looked on Wikipedia, and that area seems to be growing.

In other news, PE ratios are still high. I have not placed any orders. I plan on looking more at LEG and YORW.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each July from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-07 $3017.64 $273.36 $464.99 $484.27
2015-07 $2678.45 $263.13 $412.44 $415.35
2014-07 $2132.33 $198.43 $333.77 $322.07
2013-07 $1673.29 $180.57 $258.23 $288.65
2012-07 $1794.53 $219.72 $261.24 $277.53
2011-07 $1556.17 $204.83 $235.96 $211.69

 

Here are the stocks and the income amounts for July, 2016:

  • Automatic Data Processing: $31.87
  • Coca-Cola Co: $46.55
  • MDU Resources Group Inc.: $11.09
  • Kimberly-Clark: $54.03
  • Illinois Tool Works: $30.66
  • Sysco Corp: $18.24
  • Chubb Corp: $43.42
  • Piedmont Natural Gas Inc: $21.53
  • RPM International Inc.: $15.97

 

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