July 2017 Dividend Meter Update

July 2017 Dividends

The needle on the Dividend Meter moved up $222.01 in July.  Most of the increase was a result of selling one of the portfolio’s larger stock positions, Metlife (MET), and using the proceeds to buy three stocks with higher dividend yields. Also, three other companies reported dividend increases in July:  Hershey’s (HSY), Discover Financial Services (DFS), and Omega Healthcare Investors (OHI).  Here are the spreadsheet summary notes for July:

Date Total Annual Dividends Notes
7/26/2017 $8,240.88 HSY dividend increase, raises meter reading $6.00
7/25/2017 $8,234.88 DFS dividend increase, raises meter reading $16.20
7/18/2017 $8,218.68 Sold 222 MET, used proceeds and approx. $400 in accumulated cash dividends to buy 100 ADM (new position), 100 SWM, and 181 SKT in IRA Rollover, raises meter reading $188.77
7/14/2017 $8,029.91 OHI dividend increase, raises meter reading $11.04

 

Metlife – 32% Winner

Metlife was originally added to the portfolio in 2016 when the dividend yield was approximately 3.8%.  The actual purchase details are as follows:

08/19/2016 Buy 67 MET – METLIFE INC $40.11 ($2,696.07)
06/03/2016 Buy 13 MET – METLIFE INC $44.08 ($581.99)
03/08/2016 Buy 142 MET – METLIFE INC $42.00 ($5,972.79)
Total ($9,250.85)

On July 18th, 2017, with the stock trading at $55.10 and yielding 2.8%, all shares of Metlife were sold for $12,226.96, a gain of $2,976.11, or approximately 32%!  The proceeds from the sale were used to purchase ADM, SWM, and SKT at the following prices and dividend yields – this is Dividend Yield Theory compounding at work….

ADM – Archer Daniels Midland    $41.43      3.09%

SWM – Schweitzer-Mauduit         $37.49      4.48%

SKT – Tanger Factory Outlet        $26.44      5.19%

 

 

3 Comments

  1. Dividend--Portfolio

    Looks like you had a great month Dividend Meter. It’s always good when you can sell for a profit and reinvest the proceeds.

    OHI is on my short list of stocks to add to my portfolio in August, so we will see what happens. Congrats on the over $200 increase in July. It’s still impressive you’re over $8k.

    Reply
  2. DivHut

    Great update for the “quiet” month of July. Bit by bit let those dividends roll in. Nice job with MET. Collecting dividends and a pretty great price appreciation too in a relatively short period of time. Keep up the good work.

    Reply
  3. Dividend Diplomats

    Great month! Gotta love seeing the Dividend Meter continue to increase and seeing your dividends put in some hard work for you. Keep up the great work.

    Bert

    Reply

Leave a Comment

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