April 2017 Dividend Meter Update

April 2017 Dividends

It’s time to check out the Dividend Meter Spreadsheet to see what happened in April.  Here’s a summary from the History tab:

Date Total Annual Dividends Notes
4/28/2017 $7,579.24 Sold 30 WM, used proceeds and approx. $250 in accrued cash dividends to buy 36 CMP in IRA Rollover #2, raises meter reading by $52.68
4/27/2017 $7,526.56 AVY dividend increase, raises meter reading $3.20
4/27/2017 $7,523.36 JNJ dividend increase, raises meter reading $13.92
4/19/2017 $7,509.44 OHI dividend increase, raises meter reading $11.04
4/12/2017 $7,498.40 Added $2,000 to Roth IRA towards 2017 contribution, bought 25 PII, raises meter reading by $58.00

April Highlights

Compared to last month’s meter reading, total annual projected dividends rose $138.84 in April. Two new positions were added to the portfolio (identified by the Watch List as trading in their respective high-yield dividend zone): Polaris Industries (ticker symbol: PII) and Compass Minerals International (ticker symbol: CMP).

Polaris Industries makes snowmobiles, jet skis, motorcycles (heard of Indian motorcycles?), and other off-road vehicles. In addition, the Company sells parts and apparel related to recreational vehicles. PII’s stock price has been depressed the past months due to numerous product recalls; however, Polaris keeps growing revenues.  After studying the historical dividend yields for Polaris, a buy-yield of 2.9% and a sell-yield of 1.8% were set for the Dividend Meter Watch List.   When Polaris’ stock price recently dipped into the upper 70’s and low 80’s in April, it was showing a dividend yield of 3% and became a buying opportunity. 25 shares of PII were purchased with a cash deposit of $2,000 towards a 2017 Roth IRA contribution (only $1,000 left to contribute for 2017!).

Compass Minerals International, Inc. produces salt products (primarily road deicer salt) and plant fertilizers. The Company has raised its dividend each year for twelve years in a row, and examining the yield charts, appears to be a good buy when the yield is over 4% (For the Dividend Stocks Watch List, the buy-yield is set to 4.1% and sell-yield at 2.5%).  To fund the purchase of CMP, 30 shares of Waste Management (WM) were sold from the portfolio.  Waste Management has been such a great investment – it’s a difficult decision to sell any shares of WM, but the stock has run up significantly over the past few months and is trading near a historically low average dividend yield. Fortunately, 90 shares of WM are still held in the Dividend Meter portfolio.

Looking Ahead to May

Barring any surprise dividend cuts, the meter reading for the Dividend Meter portfolio should break the $7,600.00 barrier in May.  Tomorrow, May 2nd, Apple (AAPL) will report quarterly earnings and will likely announce a dividend increase also.  Apple’s share price has steadily increased during the past few months and has reached the Spreadsheet’s sell-yield signal of 1.6%. With a new dividend increase, Apple’s yield should move above 1.6% and all shares will continue to be held in the portfolio. Good luck to all with your investing and be sure to check in again next month.

 

9 Comments

  1. Passivecanadianincome

    Nice work and great way to tell if it’s worth buying or sellong based on yield. Waste management definally had a great run up and it’s probably smart to cash in some profits.

    Reply
  2. Desidividend

    I like the way data is presented.getting closer to 8k.

    Reply
  3. DivHut

    Solid update for the month. Seems like I have WM and RSG for that matter on my watch list but still have not pulled the trigger on either. I do like the biz but prices seem a bit too high for my liking. Also, that JNJ increase was fine with me. It’s been so steady with those raises. Thanks for sharing.

    Reply
    1. Meter ManMeter Man (Post author)

      Thanks for commenting DivHut and mentioning RSG – I’ve added RSG to the Dividend Meter Watch List.

      Reply
  4. Buy, Hold Long

    Very nice snowball method. That is truly amazing, I am really jealous. Keep the good work going.

    Reply
  5. Dividend-Portfolio

    It’s totally awesome that you’re about to break $7600 in annual dividends. I’m currently sitting at $142! I have a ways to go before I even break three digits. So, I’m equally as jealous.

    Reply
    1. Meter ManMeter Man (Post author)

      Congratulations – it’s a positive number and moving upward. Many years ago, my Dividend Meter reading was “negative” considering the debt I had.

      Reply
  6. Project2035

    7,5kUSD annual dividends. Nice. My is only 0,32kEUR/y My starting US stocks are JNJ INTC and T now looking to buy TGT

    Reply
  7. Dividend Daze

    Great month. Lots of activity going on it seems like. Fast approaching the $8k mark which is very impressive. Keep up the good work.

    Reply

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