![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXp4qnpjokzBgS81dbFJ3KqPo-TpKWP6Tdm8jBDG4EMxI_sd_ZEsrhNs6QVI0y3ZpbEy8DIdCjjHp1E6dX6G_TFY6SsnHAPsRv5qZFaiOOwYVyw1R6ZIlmGtluHSFWFassZR4MvTJkYPM/s200/divgro-review-small.png)
This review is quite late as my investment blogging activities are being impacted by a very busy work schedule. In fact, I find it quite difficult to get around to doing some much-needed administration, let alone write a review article!
Well, I finally had some time to prepare and write this review for January!
Dividend Income
- Blackstone Mortgage Trust (BXMT) — income of $186.00
- Chubb (CB) — income of $17.04
- Cisco Systems (CSCO) — income of $58.00
- Walt Disney Company (The) (DIS) — income of $168.00
- Hannon Armstrong Sustainable Infrastructure Capital (HASI) — income of $66.00
- Main Street Capital (MAIN) — income of $85.50
- Altria (MO) — income of $49.50
- AllianzGI Equity & Convertible Income Fund (NIE) — income of $209.00
- Nike (NKE) — income of $20.00
- Realty Income (O) — income of $10.63
- Wal-Mart Stores (WMT) — income of $39.78
- Xcel Energy (XEL) — income of $18.00
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsRGaAQZEkpg10-6ZNUV2RYW9qlzVcDpNnTkndyM4FCEQhSBCBbN7sRzYWGjoXTKlUKCU-qrVlre3d28jdKwSkl6y62esWJfGH2Mj_EiIuCsMcFFjbHI9AUKaf1De05TCQd_K5d-Rj0XM/s1600/jan18-bymonth.png)
Following is a chart showing DivGro's monthly dividends plotted against projected monthly dividend income (PMDI). Quarter-ending months are huge outliers:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiww5bjE7sIP2hFWQWB_OpA40hhbvw6NMR9Yw4NeXtg_yNoL0BNM9aoGM1HwQLgLRYYnkkIg4L0d2Vciy3XPEAKZqOuH1_xsUA8-HAC9DQTW7hiMY8UTrDFxCPmxvlvlCEQvUL5hYmaIKw/s1600/jan18-pmdi.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNi1PsEcsiLgUdlUTFDeU3I32IDFw5xE2cVRvPIQFX93yL1pJu9ogZ9gOjOo3-jv9rB8pwmVzwNyOqzIfyIl2DR88SBx5ARLkFhhgCgd8PH03MbV15pkEb0a9pSP9gg0ZfVxA7Lu2geMU/s1600/jan18-rolling.png)
Dividend Changes
DivGro's projected annual dividend income (PADI) continues to increase steadily and now stands at $16,719. This means I can expect to receive monthly dividend income averaging about $1,393 in perpetuity, assuming everything stays the way they are.
Of course, I expect the companies I've invested in not only to continue to pay dividends but to increase them over time! Also, until I retire, I hope to continue to reinvesting dividends, so DivGro's PADI should continue to grow through dividend growth and through compounding.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5geoB-Nq8XY9H-pbD4JixW1pG5t8GhM7Wowl2ETthAI36NIrXo_CJy6cq0qAGydxBWY7TdfAAO1hHxk158iYpCzq6SiQxa65wGmh4hhyYhGMY2xLs5FsfOut1PcJH2JAILaX7dBW3UJ0/s1600/jan18-stacked.png)
In January, the following stocks announced dividend increases:
- Aflac (AFL) — increase of 15.56%
- Dominion Resources (D) — increase of 8.44%
- Intel (INTC) — increase of 10.09%
- 3M (MMM) — increase of 15.74%
- Northrop Grumman (NOC) — increase of 10.00%
- Realty Income (O) — increase of 3.06%
- Omega Healthcare Investors (OHI) — increase of 1.54%
- Valero Energy (VLO) — increase of 14.29%
I like seeing dividend increases above 7%, so I'm very happy with this month's increases! Five of the eight increases are double-digit percentage increases!
Transactions
Here is a summary of my transactions in January:
- Royal Dutch Shell plc (RDS.B) — new position of 140 shares
- Vanguard REIT Index ETF (VNQ) — new position of 125 shares
- Cisco Systems (CSCO) — sold 300 shares and reduced my position to 200 shares
Markets
It is worth looking at the markets to understand the environment we're investing in, even though I no longer compare DivGro's performance to those of the markets:
DOW | S&P 500 | NASDAQ | 10-YR BOND | |
Dec 29, 2017 | 24,719.22 | 2,673.61 | 6,903.39 | 2.41% |
Jan 31, 2018 | 26,149.39 | 2,823.81 | 7,411.48 | 2.72% |
In January, the DOW gained 5.79%, the S&P 500 gained 5.62%, and the NASDAQ gained 7.36%. The yield on the benchmark 10-year Treasury note increased to 2.72%.
Portfolio Statistics
Based on the total capital invested and the portfolio's current market value, DivGro has delivered a simple return of about 56% since inception. In comparison, DivGro's IRR (internal rate of return) is 18.6%. (IRR takes into account the timing and size of deposits since inception, so it is a better measure of portfolio performance).
I track the yield on cost (YoC) for individual stocks, as well as an average YoC for my portfolio. DivGro's average YoC increased from 3.98% last month to 4.07% this month.
Another interesting statistic is percentage payback, which relates dividend income to the amount of capital invested. DivGro's average percentage payback is 12.94%, up from last month's 11.27%.
Finally, DivGro's projected annual yield is at 4.70%, up from last month's value of 4.48%. I calculate projected annual yield by dividing PADI ($16,719) by the total amount invested.
Here's a chart showing DivGro's market value breakdown. Dividends are plotted at the base of the chart so we can see them grow over time:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd8uLkZlgPijs5V6pViYD_UQ5seUicXwLHMr4_ngmGfWNabOPis1hOS8xEKngdcci1Us9kS7YE693pHLaSeaFAmz7oU23IST3KLLxKs5t1hyTgm_WMeJzp1msWJ8y6kGiTWDZ68J29tT8/s1600/jan18-balance.png)
Looking Ahead
The busy-ness at work will last for another two months or so. I'll be happy when things return to normal so I can keep this blog updated and, more importantly, spend some solid time on stock analyses and investment decisions!
Meanwhile, here is a sneak peak at what I'm working on. Enjoy!
Thanks for reading and take care, everybody!
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