June 2017 Dividend Meter Update

June 2017 Dividend Income

It’s time for fireworks – the Dividend Meter portfolio broke through the $8k annual income barrier in June! Here’s how the needle on the Dividend Meter moved up $316.37 in just one month:

Date Total Annual Dividends Notes
6/28/2017 $8,018.87 GIS dividend increase, raises meter reading $7.44
6/27/2017 $8,011.43 Sold 37 JNJ, used proceeds and approx. $360 in accrued cash dividends to buy 147 shares of SWM in IRA Rollover #2, raises meter reading $122.64
6/27/2017 $7,888.79 With approximately $450 in accumulated cash dividends in Regular brokerage account, bought 8 more shares of QCOM, raises meter reading $18.24
6/9/2017 $7,870.55 Sold 50 AWR, used proceeds and approx. $100 in accrued cash dividends in Roth IRA to buy 99 SKT in IRA Rollover #2, raises meter reading $87.13
6/8/2017 $7,783.42 Sold 68 AWR, used proceeds and approx. $125 in accrued cash dividends to buy 51 CMP in IRA Rollover #2, raises meter reading $80.92

Taking Profits and Doubling Dividend Income

Johnson & Johnson (JNJ) and American States Water Co. (AWR) have been wonderful investments for the Dividend Meter portfolio. For the past several weeks, JNJ and AWR stock prices have risen significantly, pushing their respective dividend yields to historical low ranges and very close to my predetermined sell points (see screenshot of the spreadsheet below for AWR reference).  With new buying opportunities showing up on the Dividend Meter Watch List, it was a great time to sell a few shares of stock yielding 2% and use the proceeds to buy other investments yielding over 4% (CMP, SKT, and SWM).

Tanger Factory Outlet Centers, Inc. (SKT) and Schweitzer-Mauduit International, Inc. (SWM) are new positions for the portfolio.  Tanger, a publicly-traded REIT, is trading near its 52-week low, despite having announced a dividend increase in April and new share repurchase plan in May.  Tanger (SKT) has increased its dividend for 24 consecutive years.  Schweitzer-Mauduit International has traditionally been known for producing cigarette papers; however, the Company manufactures many other product lines such as medical bandages and industrial laminates. Recent acquisitions and product diversification has helped SWM reverse a trend of declining revenues within the past year.

Looking Ahead

The needle on the Dividend Meter should continue to move higher in July as dividend increase announcements are expected from:  Metlife Inc. (MET), and Discover Financial Services (DFS).  Be sure to check in again next month to monitor the progress.

 

Dividend Meter Spreadsheet as of July, 2017

 

3 Comments

  1. DivHut

    Congrats on cracking $8k in 2017. That’s a pretty serious total for just half the year. Nice to see the buying continuing on your part as well. Selling some winners with lower yields and trading “up” for higher yielding stocks. Better than sitting on the sidelines. Keep it up!

    Reply
  2. Dividend--Portfolio

    DM it’s funny because I’m hearing fireworks outside right now as I am typing this comment. It’s just awesome that you crossed $8k in forward annual dividends.

    Reply
  3. Duncan's Dividends

    Wow amazing mid year total. That some serious lifting from your portfolio. I’m barely cracking $3500, but look forward to catching up to you.

    Reply

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