Archive for June 2016

2016-05 Dividend Income Report

Here is the dividend income report for May, 2016.

The monthly dividend income came out to $436.85. The yearly income total for 2016 through the end of the month was $2059.52.

The income for May, 2015 was $361.99, and the yearly income for 2015 through the end of May was $1803.11.

There was not too much going on. My order for more Air Products and Chemicals (APD) was not filled, so I did not get a boost in my APD payout in May. Perhaps in August. I also put in an order for more Emerson Electric. It did not get filled in time for the June payout. Perhaps it will be filled before the September payout. Stock prices keep going up.

Given the changes in the oil markets, I have sold my stake in COP. I have kept CVX and XOM. I may sell CVX since they have not increased their dividend in over a year. I think that XOM will be able to sustain their dividend, and probably increase it. They are the only firm that has been able to execute buybacks intelligently (although I am still against them in all cases). I do not know what I will do about the gas and electrical utilities that I own shares in. I think there will be some shakeouts in that sector, but not as dramatic as we are seeing in oil.

I plan on buying more water utilities. I agree with the idea that water is the commodity of the 21st century, just as oil was the commodity of the 20th century. Right now, P/E ratios keep climbing, and show no sign of dropping. At some point, interest rates will rise, and P/E ratios will fall. But I have been waiting for a couple of years for that to happen. I am thinking that I should just buy some water utilities over the next few years. Maybe it’s too early, but as I said, I have been waiting for a more perfect moment for a while. Perhaps I should act now. At least I would be doing it with my eyes open. As Voltaire wrote, do not let the perfect be the enemy of the good.

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 2016:

Month YTD Amount 3MMA 12MMA
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, 2016:

  • ABM Industries Inc: $9.42
  • AT&T: $49.14
  • Verizon: $57.72
  • WGL Holdings Inc: $16.81
  • Lowe’s Cos Inc: $15.26
  • Clorox Co: $44.29
  • Air Products & Chemicals Inc: $13.87
  • Northwest Natural Gas Co: $28.36
  • Colgate-Palmolive: $43.38
  • Hormel Foods Corp: $14.07
  • Procter & Gamble: $39.85
  • Texas Instruments: $40.63
  • Eaton Corporation: $64.05

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