Friday, April 18, 2014

Quarterly Review, Q1-2014

I've been rather busy this month doing various things, including the not-so-pleasant task of doing our taxes. I'm happy to be back to report on the first quarter performance of DivGro.

This quarter, I contributed capital funds in the amount of $12,500 to DivGro, including one bonus deposit of $5,000. Dividend income in Q1 totaled $580.67, down slightly from $586.74 received in Q4-2013. This is the first decrease in quarterly dividends for DivGro. I'm not concerned about that, as there is no fundamental change that caused the decrease. Some stocks (CHL, NTT, SNP) pay dividends semi-annually rather than quarterly, so total quarterly dividends wouldn't necessary increase every quarter.

I added four dividend growth stocks and removed one dividend growth stock in Q1-2014. Projected annual dividend income increased from $2,864.94 to $3,508.43, an increase of 22.45%.

Markets:
Dec 31, 2013
DOW: 16,576.55S&P 500: 1,848.3610-YR BOND: 3.03%
Mar 31, 2014
DOW: 16,457.66S&P 500: 1,872.3410-YR BOND: 2.72%

In the quarter ending March 2014, the Dow Jones Industrial Average decreased by 0.72% while the S&P 500 increased by 1.30%. In comparison, DivGro's value increased by 1.63% (when measured by internal rate of return (IRR) for Q1-2014).

At the end of Q1-2014, DivGro's market value of $88,820 represented a simple return of 12.43% on $79,000 invested. Of course, the simple return does not take into account the timing and size of cash deposits as IRR does. DivGro's IRR since inception is 25.11%.

Here is a spreadsheet summarizing DivGro's performance for Q1-2014:

Dividend Adjustments:
  • New buys MO, JNJ, APU, and MDP added $721.55 in projected annual dividend income.
  • The sale of SJR subtracted $115.50 in projected annual dividend income.
  • ETP increased its distribution to 92¢ per unit, an increase of 1.66%. The dividend increase adds $6.00 to DivGro's projected annual dividend income. Yield on Cost (YoC) of ETP is now 7.76%.
  • PRE's regular quarterly dividend payment was increased by 4.69%, from 64¢ to 67¢ per share. DivGro's projected annual dividend income is raised by $3.24 and YoC for PRE is now 2.92%.
  • NU now pays 39.25¢ per share, an increase of 6.8 percent increase over NU’s previous quarterly dividend payment. The increase adds $6 to DivGro's projected annual dividend income. YoC for NU is now 3.83%.
  • GD increased its dividend by 10.71% to 62¢ per share, raising DivGro's projected annual dividend income by $8.40. YoC for GD is now 3.67%.
  • VNR declared a new distribution of 21¢ per unit, an increase of 1.2%. This raises DivGro's projected annual dividend income by $5.40. YoC for VNR is now 8.95%.
Dividends Received:
  • Total for Q1 of 2014: $580.67 (down from $586.74 for Q4 of 2013)
  • Total year-to-date: $580.67

Dividend Details
  • 2014-01-02: Cash Dividend Receipt PNNT:  $60.20
  • 2014-01-15: Cash Dividend Receipt VNR:  $37.35
  • 2014-01-30: Cash Dividend Receipt SJR:  $7.98
  • 2014-01-31: Cash Dividend Receipt ACE:  $15.12
  • 2014-02-06: Cash Dividend Receipt GD:  $19.60
  • 2014-02-13: Cash Dividend Receipt VNR:  $37.35
  • 2014-02-19: Cash Dividend Receipt CAT:  $18.00
  • 2014-02-26: Cash Dividend Receipt SJR:  $8.01
  • 2014-02-27: Cash Dividend Receipt PRE:  $18.09
  • 2014-03-03: Cash Dividend Receipt INTC:  $27.00
  • 2014-03-03: Cash Dividend Receipt AFL:  $18.50
  • 2014-03-03: Cash Dividend Receipt COP:  $26.22
  • 2014-03-04: Cash Dividend Receipt TGH:  $35.25
  • 2014-03-10: Cash Dividend Receipt XOM:  $18.90
  • 2014-03-10: Cash Dividend Receipt TGT:  $10.20
  • 2014-03-10: Cash Dividend Receipt CVX:  $25.00
  • 2014-03-11: Cash Dividend Receipt JNJ:  $19.80
  • 2014-03-12: Cash Dividend Receipt WAG:  $13.86
  • 2014-03-13: Cash Dividend Receipt MSFT:  $22.40
  • 2014-03-17: Cash Dividend Receipt VNR:  $37.35
  • 2014-03-26: Cash Dividend Receipt BBL:  $50.74
  • 2014-03-28: Cash Dividend Receipt SJR:  $8.70
  • 2014-03-31: Cash Dividend Receipt TRV:  $14.50
  • 2014-03-31: Cash Dividend Receipt NU:  $23.55
Outlook For Q2-2014: I'm planning to continue diversifying DivGro's holdings across the sectors in my watch list, which is one of my goals for 2014. At the end of  Q2-2014, I'll report on progress toward achieving these goals, as that would mark the half-way point.


4 comments :

  1. Hi
    Congrats an excellent dividend income in Q1! You also made some great additions to your DivGro holdings.

    Regards
    DH

    ReplyDelete
    Replies
    1. Thanks for stopping by, DH -- yes, Q1 was a good quarter, with $581 received and $643 in projected dividend income added. This is why we're dividend growth investors, right!?

      Take care!

      Delete
  2. I like you Q1 report. Looks like your running your own company. :) Great results.

    ReplyDelete
    Replies
    1. I like you're thinking, FFdividend! I'm running a company and have dividend growth stocks working for me and earning money in the form of dividend income!

      Cheers!

      Delete

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