January 2018 Dividend Meter Update

January 2018 Dividends

In February, the first 2018 Roth IRA deposit will be made to the Dividend Meter portfolio, so last Friday’s steep drop in the stock market is a welcome pullback for stock prices.  Before we get to a preview of February, here’s how dividend income rose $227.52 in January:

Date Total Annual Dividends Notes
1/31/2018 $8,891.23 AFL dividend increase, raises meter reading $20.72
1/16/2018 $8,870.51 OHI dividend increase, raises meter reading $11.04
1/12/2018 $8,859.47 Sold 53 KSS at $63.41, used proceeds to buy 197 shares of KIM at $17.00, raises meter reading $104.04
1/10/2018 $8,755.43 Purchased 20 additional shares of PPL with approx. $600 in accumulated cash dividends, raises meter reading $31.60
1/8/2018 $8,723.83 Sold 20 WM at $87.72, used proceeds plus approximately $200 in accumulated cash dividends to buy 181 AES at $10.87, raises meter reading $60.12

Sold Kohl’s – Bought Kimco Realty

In the short term, the purchase of Kimco Realty (KIM) appears to be very premature. But quite honestly, I wasn’t comfortable holding a pure play clothing retailer in the portfolio, and with Kohl’s (KSS) nearing a predetermined dividend Sell yield of 3%, I decided to go ahead and make the swap for Kimco, a retail REIT.  The transaction significantly boosts dividend income, and keeps a small percentage of the overall portfolio still invested in retail, albeit in real restate.  By the way, the original purchase of Kohl’s shares occurred on January 5th, 2017 at $42.35 per share with a dividend yield of 4.72%.  The KSS shares were sold on January 12, 2018 at $63.41 per share (yield of 3.47%) for a gain of nearly 50% in one year.

Sold More Waste Management

With shares of Waste Management (WM) continuing to trade with a dividend yield of less than 2%, additional shares of WM were sold in January and invested in AES Corporation (AES) – essentially trading trash service for electricity.  The current dividend yield for AES is 4.50%, with projections of approximately 10% annual dividend growth for the next few years.

February Preview

  • $1,500.00 in new capital will be added to the portfolio for a 2018 Roth IRA contribution.
  • Six potential dividend increases from:  ETN, PPL, CMP ADM, WM, and DPS (Although the pending merger with Keurig Green Mountain could impact the expected Dr. Pepper Snapple dividend hike.)
  • Dividend cut from SNR? (New Senior Investment Group Inc.)

Data Import Update

Stay tuned for very positive news soon.

 

5 Comments

  1. Matthew Freeman

    Congrats on a terrific month. I hope you have continued success throughout the year. Look forward to reading your future posts.

    Reply
  2. Passivecanadianincome

    Nice moves meter. Great one year returns.

    Reply
  3. John

    Looks like a very solid month and an exciting February is in store.

    Best of Luck in 2018!

    Reply
  4. dividendgeek

    Nice dividends mate. Dividend meter is starting look awesome.

    Reply
  5. bina

    A begginner in making spreadsheet.Tried GOOGLEFINANCE spreadsheet but the dividend and yield formula didn’t work. Please help

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *