Dividend Meter > Meter Updates
With the stock market surging upward nearly 2.5% on Friday, I thought to myself: Whoa, wait, I was hoping to get more cash into the market …. January, 2016 certainly was a volatile month for stocks. Despite Friday’s huge gains, there are still many excellent buying opportunities showing on my investment spreadsheet, and I hope to take advantage of them, commission free, over the next three months in my new TradeKing account. () However, let’s review January’s activity:
Dividend Meter Reading Up $137.12
Compared to December’s meter reading of $5,732.07, the current annual dividend income for my portfolio is $5,869.19. January’s increase was mostly attributable to fully funding my 2016 Roth IRA contribution, purchasing 50 shares of Aflac (AFL) and 48 shares of Starbucks (SBUX) at the beginning of January. With additional non-IRA savings, I added five more shares of SBUX later in the month.
New Position Established
For a long time, I have wanted to purchase shares of Automatic Data Processing (ADP). And January’s steep sell-off provided an ideal opportunity to establish an entry-level position in ADP. I purchased six shares of ADP at $77.60 per share, also in the new account. At the time, I wish I had extra cash available to buy more shares – the stock is already back up to $83.09 a share as of Friday’s close.
Two New Stocks Added to the Spreadsheet
One of my goals for 2016 is to add five more stocks to my “watch list”, increasing my tracking spreadsheet from 25 companies to 30. I made progress towards the goal by adding Cal-Maine Foods Inc. (CALM) and A.O. Smith Corp. (AOS) to the Dividend Meter spreadsheet. Cal-Maine is a leading producer and distributor of eggs. CALM appears to pay irregular dividends, but longer-term, the overall dividend growth trend is positive. A.O. Smith Corp. is primarily a manufacturer of water heaters and just announced a whopping 26% increase in its dividend. Be sure to check back soon, as I plan to share more specific research for each company during the month of February.