Saturday, March 30, 2013

Monthly Review, March 2013

The first quarter of DivGro has come to an end!  I'd like to post a quarterly review, but I'll need some time to develop a reasonable format before doing so, as this would be my first quarterly review. It will most likely be several weeks before I post it, especially since we're in tax season and I have yet to complete my taxes!

Including this post, I've written only four posts in March. It was a rather busy month for me at work, and without cash on hand in DivGro I had little incentive to research new candidates. Besides, the market is at an all time high, so finding great value is much more challenging! I did start a new series in which I'll be tracking dividend increases for stocks in mwatch list.

In March, I purchased General Dynamics Corporation (GD). The purchase increased my diversification into the Capital Goods sector and gives me dividend income in the months of January, April, July and October.

Saturday, March 23, 2013

Dividend Increases, Feb/Mar 2013

I keep a watch list of dividend growth stocks, with tickers organized by yield, by sector, and by the calendar month of dividend payments. Of these, the organization by yield is expected to  change over time due to changes in the stock price and increases (or decreases) in dividend payments. Every month, I'll update my watch list to reflect these changes. 

Since February 15, the market has increased by 2.44% (as measured by the S&P 500) and by 3.78% (as measured by the Dow Jones Industrial Average). For a dividend paying stock, yield would trend lower when the stock price trends higher. This follows from the definition of yield.

Of course, when a company increases its dividend payment, the yield also should increase. How much the yield increases would depend on the size of the dividend increase and the market's reaction to the increase.

Sunday, March 3, 2013

Monthly Review, February 2013

This month I received my first dividend income in DivGro! It is exciting to start the journey of generating a dividend income stream, and I can't wait to see how it grows over time.

I wrote five posts in February, including one about my selection criteria and one about the future of DivGro. I also reworked my watch list page, listing candidates for DivGro by yield, by payment month, and by sector. Hopefully this reorganization will help with portfolio diversification.

In February, I purchased Nippon Telegraph & Telephone Corp (NTT). It is a foreign telecommunications company that trades on the NYSE as an American Depositary Receipt (ADR). Generally, I like telecom stocks because of their reputation for dependable dividend payments. As an international stock, NTT is an added bonus because it diversifies my portfolio geographically as well as by industry.

Friday, March 1, 2013

Recent Buy: GD

Mar 1, 2013: Bought 35 shares of GD at $67.61 per share.

Yesterday I published a stock analysis of General Dynamics Corporation (GD) in which I indicated that I'm considering buying 35 shares. Today, GD opened about 1% down from yesterday's closing price. It gave me a good entry point and secured an initial dividend yield of 3.02%.

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