Given all of the above, I'm very happy with my DivGro activities in April. I wrote six posts, including my first quarterly review. Also, I transferred some funds into DivGro after one of my CD's reached maturity. This bonus deposit provided some welcome cash for more dividend growth stock buys. To that end, I evaluated Aflac Incorporated (AFL) and ConocoPhillips (COP), deciding to go with AFL because of its superior fair value discount.
COP remains interesting because it pays a dividend of $2.64 per share. This represents an attractive yield of about 4.4% (at the current price of $60). I think COP would be a good buy at $56, so for now I'll just wait.
My purchase of AFL increased DivGro's diversification into the Financial sector and added annual dividend income of $70 (or $52.50 for the 2013 calendar year).
At the end of April, my portfolio contained 6 stocks and had a market value of $28,692.11. This represents an overall gain of $1,692.11, or 6.27% since January. Of course, the PRR (personal rate of return) for DivGro is much higher (see my recent quarterly review of DivGro).
- 2013-04-02: Bonus APR Cash Deposit: $10,000
- 2013-04-16: BUY 50 AFL @ $50.06 ($70.00 Annual Income)
- 2013-04-30: MAY Cash Deposit: $1,000
New Dividends/Dividend Increases:
- The purchase of AFL increased expected dividend income for 2013 by $52.50
- In April, CVX increased its annual dividend by 11.1% to $4.00, adding $7.50 to expected dividend income for 2013; annual dividend income for CVX now is $100.00
- Total expected dividend income for 2013 is $781.09
- Total year-to-date: $138.88 of $781.09 (17.78%)
|Mar 31, 2013||
|Apr 30, 2013||
Portfolio: Here is a spreadsheet showing DivGro's current holdings:
If you have suggestions for candidate stocks to evaluate, feel free to share by posting a comment!