Tuesday, June 13, 2017

NEW STOCK PURCHASES RAISE TOTAL DIVIDEND PAYMENTS TO 433 PER YEAR!

June 13, 2017

Today's purchase of GUT for my taxable account and MAIN for the ROTH IRA added another 26 dividend payments per year, for a total of 433!  Payments from the new shares will increase monthly dividend income by over 3%.  After reading GUT's latest report to shareholders, I'm going to be buying several more shares.  I like the monthly income and I believe there's room for more growth in the utilities sector.  While I do own shares in individual utility companies, I think I'll do better income wise to hold a big chunk of stock in GUT.  MAIN is one of my core long term stocks, mostly due to their 14 dividends per year.  The most exciting thing about this purchase is that I paid for the stock with money earned through Swagbucks.  (See the link on right side of page.)  So I've converted my Swagbucks earnings into a monthly dividend producer.  I plan on investing all future earnings from Swagbucks in this same stock, creating an income producing asset with no money out of pocket.

Went car shopping on line yesterday and was surprised to find that the car I want is amazingly inexpensive.  I'm not looking to buy new, just newer than the car I have, with lower mileage.  I'd also like something a little more roomy and comfortable than my Honda Civic, so I was shopping for Buick Centuries.  Made me realize how behind the times I've gotten on some things.  I didn't realize they stopped making them in 2005.  Oh well, that's still newer than my 2002 and I came across one nearby with only 24,000 miles and priced at only $4,950.  I looked at these cars new back in 2005 and they were around $24,000, so I didn't buy one then.  I'll be setting aside some cash and shopping for a good deal later this year.  Wish me luck.

Thursday, June 8, 2017

HAWTHORN BANK TO RAISE DIVIDEND AND PAY SPECIAL STOCK DIVIDEND!

Hawthorn Bank (HWBK) will increase their cash dividend to 7 cents per share and pay a special stock dividend of 4% on July 1st 2017 to shareholders of record at the close of business day June 15, 2017!  While the cash dividend itself is not real exciting, it represents a 16.7% increase over their previous dividend.  I bought this stock, not only because it's a local company that I am familiar with, but especially for the special 4% stock dividend they've paid every year since I first purchased shares.  So I'm glad to see them continuing the stock dividend and raising cash dividends as well.  Not to mention that my current holdings in Hawthorn are up over 60% since my original purchase!

Regarding some of my most recent stock purchases, QCOM is already showing a gain with INTC and ORA very near positive increases in share price.  VZ is still lagging, since I purchased their shares right before they released a poor quarterly report.  I do expect VZ to eventually recover and I expect to hold all these stocks very long term.

Just collected another cash payment from Swagbucks!  Already transferred the cash to my bank account and on to my investment account.  While I'm not making a killing by any means, this makes my sixth cash payment from Swagbucks since the first of this year and I'm well on my way toward the next one.  You can cash in earnings for gift cards, but I choose the cash option through Paypal so I can add the earnings to my ROTH account.  I've decided to put all Swagbucks cash in to purchasing shares of MAIN, so I'll collect 14 dividends per year!  If you want to check it out, see the link on the lower right side of this page.  It's a great way to save and make money!

Thursday, June 1, 2017

EIGHT DIVIDEND PAYMENTS FOR THE FIRST DAY OF JUNE 2017!

While the 8 dividend payments I received today were not quite as exciting as the 15 I got yesterday, the fact that I've collected 23 dividends in two days is very exciting!  That's the way I like to see those cash payments rolling in each month.  Of course I reinvested them all so I'll get even bigger payments next month, but eventually I'll be taking the payments in cash.

Still haven't been able to find out if HWBK is going to pay a special stock dividend in July like they have in the past few years.  May have to just wait and see.  I am a bit partial to Hawthorn Bank, since it is a local business, but even though I own stock, I do not have an account with them.  I've been thinking about moving my main checking and savings accounts there, but I'd like to use up the checks I have from my old bank.  It would be much more convenient, since it's closer to my home than my current bank.  I've been with my old bank since 1994, but that being said, they've never really done anything for me.  I've never had a loan there and I don't get any kind of special treatment for being a loyal customer.  So why shouldn't I move the money to the bank I own shares in?  My current bank is privately owned, so I can't buy their shares.  Perhaps I'll see if Hawthorn will buy my old checks from me to get me to switch.  It would involve switching some automatic payments and linking some accounts to the new bank, but I think I'd feel better knowing my money was in a bank I own a part of.

Wednesday, May 31, 2017

COLLECTED 15 DIVIDEND PAYMENTS FOR THE LAST DAY OF MAY 2017!

Just collected 15 dividend payments for the last day of May!  Total dividend income is up a whopping 100% over May of 2016!  I was very pleased to see that during the first five months of this year, I have added 20% more shares than the total shares owned at the end of 2013.  2013 was the year I began rebuilding my investment portfolio, so I'm very pleased with the progress I've made in the past 4 years.  Still a long way to go before I retire, but things are looking good so far.

I'm expecting good things for the month of June, with it's 39 dividend payments.  I haven't done the math, but I'm pretty confident of doubling monthly income, compared to last year, once again in June.  So far I've only had one month with less than a 100% increase and it came in close to doubling.  Just got to keep things moving forward for the rest of the year.

Collected my first dividend payment from ORA, but it looks like I got in too late to collect the upcoming dividend from INTC.  I'll most likely have to wait until September to collect from Intel.  But it's nice to see they've raised their dividend once again, starting in June.  It's always a good sign when they have a history of raising dividends and plenty of income to continue doing so.

Tuesday, May 30, 2017

INCREASED PORTFOLIO VALUE OVER 10% IN MAY 2017!

As I await the big end of the month dividend payouts, I'm pleased to report, through a combination of cash investments and reinvested dividends, I was able to increase the overall value of my portfolio by over 10% in the month of May!  Average monthly dividend income increased by 8%, keeping me on track to double dividend income again this year!  Although I've had a few setbacks, in the form of dividend cuts, I'm very pleased with the overall performance of my investments for the first 5 months of 2017.  

Don't have any big plans for the month of June.  Would like to complete the purchase of shares of MAIN for my ROTH account.  This would add an additional 14 dividend payments per year, bring my total up to 421, or 1.15 dividends per day.  When reinvesting dividends, frequency of payout boosts yields, so I'm always happy to increase the number of times I get paid per year.  I plan on following up the MAIN purchase by adding a stake in GUT to my taxable account and buying shares of SPLV for my IRA.  Those two purchases would add another 24 dividends per year, for a grand total of 445!  The rest of the year, I'll concentrate on building positions in some of the individual stocks I own.

Wednesday, May 17, 2017

TOTAL NUMBER OF DIVIDEND PAYMENTS PER YEAR UP TO 407!

The purchase of shares in INTC and AEG Tuesday, brought the total number of dividend payments I receive per year up to 407!  While the stakes in Intel and Aegon will only raise average monthly income by a little over 1%, I think they'll both make good long term investments.  I'm a little iffy about AEG, but since they're the parent company of TransAmerica, who manages my 401k, I bought some shares for the dividend to recapture some of the fees they charge me for managing my account.

The market started of great yesterday, but ended up not doing much.  Today it looks like the trend is mostly down.  I kind of expect that this time of year, so I'll be keeping a close eye out for bargains as share prices drop.  Right now I've got my automatic purchase plans set to add to CNP for my taxable account, I'm buying more SPHD for my IRA and I'm purchase shares of MAIN for my Roth IRA.  The addition of MAIN will add another 14 dividend payments per year, bringing my annual total to 421!  Not sure how soon these purchases will go through, it depends on available cash, but I plan on buying MAIN first.

I diverted some of my dividends to cash to help pay for upcoming purchases, but with the price of stocks going down, I want to take advantage of reinvesting dividends to add to my positions at the lower prices.  With the Fed's set to raise interest rates, I decided the best dividends to convert to cash were from the bond funds.  My thinking behind this is that an increase in interest rates will drive bond fund shares lower, at least temporarily, so might as well take the cash for now.   

Tuesday, May 9, 2017

BOOSTING MONTHLY DIVIDEND INCOME ANOTHER 2%!

Just completed my big stock purchase of ORA, CCD, SPHD and QCOM to boost monthly dividend income by 10%, but I'm not resting on my laurels.  I've decided I can squeeze out enough cash this month to also purchase additional shares of AGD which will increase monthly dividends by another 2%!  I've put off the purchase of JNJ until later in the year, when I have more available cash.  May divert some dividend income to cash to help pay for JNJ shares.  I'd like to buy as big a stake as possible and am hoping to catch it at a better price in June or July.  Have to wait and see how that goes.

With the latest stock purchases, my total number of dividend payments per year has increased to 401!  That's 401 dividend "paydays" each year.  More than one per day!  JNJ will add another 4 dividends per year for a grand total of 405.  I have no plans to add additional stocks once I've reached that point, since I've already surpassed my goal of a dividend per day.  I'll be concentrating on growing positions in currently owned stocks to increase monthly income.  

At this point, I have to say this new portfolio I started 4 years ago has far exceeded my expectations.  I now make almost as much in dividends in one month as I made for the entire year of 2013!  How exciting is that?  It continually amazes me how quickly monthly cash flow is increasing.  I certainly feel like I made the right decision in 2013 to concentrate on dividend paying stocks in rebuilding my investments.  It's paid off remarkably well.  Now it's practically taken on a life of it's own, with reinvested dividends continually increasing monthly income and building nice cash balances as well.