Friday, February 20, 2015

MADE SOME GOOD MOVES IN JANUARY/FEBRUARY PURCHASING ROYT, GLW AND SPHD!

Made some good decisions to bolster portfolio returns in January and February!  I purchased shares of ROYT on the belief that the panic over oil prices was overblown.  I'm currently up close to 10% on my stake in ROYT and have already started collecting dividends.  

Completed the sale of CRF and CLM in my taxable account last week and used proceeds to buy stakes in GLW and SPHD.  GLW for growth and dividends and SPHD for monthly dividends and stability.  Looks like that was a good move as well, since I've not only recovered commission costs but have recouped some of the money lost from my investments in CLM and CRF.  (Still hold stakes in CLM and CRF in my IRA account.)

Collected dividend payments from PSEC and NYCB.  I've been a long term shareholder of NYCB and while I don't expect any earth shattering returns, it has been a good investment for me.  I'll continue to hold both these stocks as long as the dividends keep rolling in.  Total dividend income from my investments was up over 100% at the end of January and looks to be headed in that direction for the end of February.  With several more dividends to collect for this month, income is already 20% more than I earned for the full months of January and February 2014!


Friday, February 13, 2015

SOLD CRF AND CLM, COLLECTED FIRST DIVIDEND FROM ROYT!

Sold shares of CRF and CLM in my taxable account and have put in an order for GLW and SPHD to replace them.  This will reduce my total number of dividend payments, however, I believe Corning and SPHD will be much better investments going forward.  Wanted to get out of the losing positions before I lost even more.

Collected my first dividend from ROYT!  I'm having all dividends reinvested to grow number of shares owned and increase monthly income.  

Still bearing up from the slow down and reduced hours at work.  Have been busy looking for second job or new job.  While I don't have any viable prospects just yet, there are a lot of places taking applications, so I'm pretty confident that I'll be finding a new job soon.  Been polishing up the resume as I go and I'm pretty happy with the results.  

Tuesday, February 3, 2015

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JANUARY 2015 DIVIDEND INCOME UP 100% OVER 2014!

With the final 3 dividends at the end of the month, January 2015 dividend income total is up 100% over January 2014!  Even with setbacks and blunders on my part last year, I met my annual goal of doubling dividend income and am on track for doing the same this year.  

Started February off with 4 dividend payments for the first of the month.  Should see new dividends this month from UTG and ROYT.  The extra income from these two investments will boost monthly income throughout the year since they both pay monthly.  

As for last year's poor performing funds, I've decided to pull out my original cash investment and reinvest in individual stocks.  However, instead of selling the shares outright, to get my original cash investment back, I've diverted the monthly dividends to the cash portion of my accounts.  I've set automatic investments to purchase the stocks I want to buy when the cash reaches the correct amount.  After I've gotten my original cash investment out from the dividends, I may let the remainder ride and keep drawing the cash.  I don't really expect these investments to do well going forward, but I don't expect them to under anytime soon.  So as long as they churn out cash, I'll probably hang on to them, just won't buy any more.

Friday, January 30, 2015

FIVE PICKS FROM THE TOP 20 DIVIDEND ARISTOCRATS

If you're looking for stocks with room to grow their dividends, I checked the top 20 Dividend Aristocrats for 2015 and have identified 5 stocks that I think are worth looking in to.  The list includes:

1.  AFLAC (AFL)  Recent price $57.08, P/E of 9.0, EPS 6.38, Dividend $1.56, Payout Ratio 24, Dividend Yield 2.73%.

2.  Dover (DOV)  Recent price $70.04, P/E of 15.1, EPS $4.65, Dividend $1.60, Payout Ratio of 34, Dividend Yield 2.28%.

3.  Archer Daniels Midland (ADM)  Recent Price $46.63, P/E of 16.4, Dividend $0.96, Payout Ratio 33, Dividend Yield 2.06%.

4.  Chubb (CB)  Recent Price $97.90, P/E 12.0, EPS $8.53, Dividend $2.00, Payout Ratio 23, Dividend Yield 2.04%.

5.  Franklin Resources (BEN)  Recent Price $51.53, P/E 13.9, EPS $3.79, Dividend $0.60, Payout Ratio 16, Dividend Yield 1.16%.

All five have below average price to earnings and low payout ratios, leaving them plenty of room to increase dividends.  Chubb just approved a $1.3 billion dollar share repurchase program, which should add shareholder value without tax consequences.  I don't own individual shares of any of these stocks, but am definitely considering adding them to my portfolio as cash allows.  In the mean time, I'll be giving them a closer look.

Monday, January 26, 2015

BUY 3 STOCKS, COLLECT A DIVIDEND EVERY MONTH!

Looking for an easy dividend investment plan and you want to get paid every month?  These three stocks have a history of raising their dividends every year for over 50 years!  Not only that, but since they pay in different quarters, you would collect a dividend payment every month of the year.

1.  Genuine Parts (GPC)  Current yield 2.33%, pays dividend in January, April, July and October.

2.  Proctor & Gamble (PG)  Current yield 2.81%, pays dividend in February, May, August and November.

3.  Johnson & Johnson (JNJ)  Current yield 2.70%, pays dividends in March, June, September and December.

These are three big blue chip stocks with very little risk as far as the dividend goes.  Of course you'd want to do your own research to make sure such an investment is right for you, but it's a place to start. 

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