2021-10 Dividend Report

Here is the dividend income report for October, 2021.

The monthly dividend income came out to $465.25. The yearly income total for 2021 through the end of the month was $7376.87. The income for October 2020 was $195.26, and the yearly income for 2020 through the end of October was $6854.28.

Once again, VPU was late. I am still considering getting another utility ETF.

I have started using Org Mode again. I have not gotten to listening to any conference calls, but that is coming up soon.

I recently found out about the Morningstar Wide Moat Index, which is pretty much what it sounds like. There is also an ETF for the index run by Van Eck. Per their site, “Moat investing is based on a simple concept: Invest in companies with sustainable competitive advantages trading at attractive valuations.” I think the term originated with Warren Buffett. Another good definition of a “wide moat” is high barriers to entry. (Also see other pages at this link and this link.)

One good way to find good stocks is to let someone else do the work. There are a few dividend achievers in the wide moat index. Granted, I will not just take their ideas without considering them. I don’t know what their methodology is. Morningstar has a PDF on their site with their rules on selection for the index, but they are not too helpful. They select companies based on “fair value” (which I could probably calculate myself) and with “an economic moat rating of wide by Morningstar’s Equity Research team”. How they come up with a rating of “wide” is not really explained. Sort of like the index used in a Vanguard fund that had “additional proprietary eligibility”.

I do question some of their selections. Wells Fargo was in the index until recently. Is cheating customers, getting dragged in front of Congress and replacing your CEO a wide moat? Another member is Boeing. Again, I don’t know what a “wide moat” would be in aviation, but I am guessing building planes that cannot stay in the sky is not it.

However, there are a few companies in the index that are also dividend achievers:

  • BMY Bristol-Myers Squibb Co
  • CHRW Ch Robinson Worldwide Inc
  • CMCSA Comcast Corp
  • EMR Emerson Electric Co
  • GD General Dynamics Corp
  • GILD Gilead Sciences Inc
  • ICE Intercontinental Exchange Inc
  • INTC Intel Corp
  • K Kellogg Co
  • KLAC Kla Corp
  • KO Coca-Cola Co
  • LMT Lockheed Martin Corp
  • LRCX Lam Research Corp
  • MAS Masco Corp
  • MCD Mcdonald’s Corp
  • MCHP Microchip Technology Inc
  • MDT Medtronic Plc
  • MO Altria Group Inc
  • MRK Merck & Co Inc
  • MSFT Microsoft Corp
  • PFE Pfizer Inc
  • PII Polaris Inc
  • PM Philip Morris International Inc
  • ROP Roper Technologies Inc
  • RTX Raytheon Technologies Corp
  • STZ Constellation Brands Inc
  • WU Western Union Co

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 2021:

MonthYTDAmount3MMA12MMA
2021-10$7376.87$465.25$838.41$922.01
2020-10$6854.28$195.26$745.73$879.26
2019-10$6777.52$291.83$822.53$761.86
2018-10$4606.91$1130.39$561.66$583.77
2017-10$5138.63$341.83$566.34$556.11
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

Big Jim does not like the Gutenberg editor.

“The Immaculate Conception” by Anton Raphael Mengs (22 March 1728 – 29 June 1779), image from Museo Del Prado, assumed allowed under Public Domain.

Post created on 2021-11-08_1:31:29, last modified on 2021-11-08_2:55:08

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One Comment

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