Selling Options for Extra Income

It's been a while since I've posted articles about my options trading. In fact, the last time I wrote about options was in January 2022! At that time, my all-time options income total was $80, 087.

Now my all-time options income total is just over $100,000!

I'm happy to say that I'm writing about options again! If you're interested in learning about selling options for extra income, please read this article at DivGro 2.0. 

DivGro 2.0 is a newsletter with free and member-only content. 

HON Dividend Increase

Honeywell ($HON) announced its next dividend of $1.08 per share, a 4.85% increase over the company's previous payout of $1.03.

DivGro's annual dividend income will increase by $20.00 as a result.

I own 100 shares of HON at an average cost basis of $203.85 per share. Following this increase, my yield on cost is 2.12%. In comparison, HON's forward yield is 2.34% at $184.74 per share. 

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ACN Dividend Increase

Accenture ($ACN) announced its next dividend of $1.29 per share, a 15% increase over the company's previous payout of $1.12.

DivGro's annual dividend income will increase by $13.60 as a result.

I own 20 shares of ACN at an average cost basis of $246.08 per share. Following this increase, my yield on cost is 2.10%. In comparison, ACN's forward yield is 1.69% at $303.07 per share. 

ACN became DivGro's 38^th Home Run stock in September 2021 when the stock doubled my original capital outlay.

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10 Dividend Growth Stocks For September 2023

In my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting stocks with A+ Dividend Quality Grades and strictly increasing dividends, earnings, and revenue over the past decade. 

TXN Dividend Increase

Texas Instruments ($TXN) announced its next dividend of $1.30 per share, a 4.8% increase over the company's previous payout of $1.24.

DivGro's annual dividend income will increase by $24.00 as a result.

I own 100 shares of TXN at an average cost basis of $108.84 per share. Following this increase, my yield on cost is 4.78%. In comparison, TXN's forward yield is 3.23% at $160.90 per share. 

TXN became DivGro's 31^st Home Run stock in February 2021 when the stock doubled my original capital outlay.

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SBUX Dividend Increase

Starbucks ($SBUX) announced its next dividend of $0.57 per share, a 7.5% increase over the company's previous payout of $0.53.

DivGro's annual dividend income will increase by $32.00 as a result. 

I own 200 shares of SBUX at an average cost basis of $67.68 per share. Following this increase, my yield on cost is 3.37%. In comparison, SBUX's forward yield is 2.49% at $91.74 per share. 

SBUX became DivGro's 37^th Home Run stock in July 2021 when the stock doubled my original capital outlay.

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MSFT Dividend Increase

Microsoft ($MSFT) announced its next dividend of $0.75 per share, a 10% increase over the company's previous payout of $0.68.

DivGro's annual dividend income will increase by $28.00 as a result.

I own 100 shares of MSFT at an average cost basis of $46.63 per share. Following this increase, my yield on cost is 6.43%. In comparison, MSFT's forward yield is 0.94% at $317.91 per share. 

MSFT became DivGro's 7^th Home Run stock in October 2016 when the stock doubled my original capital outlay.

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September Newletter

I just published the September edition of my DivGro 2.0 newsletter.

Each month, I give a quick market recap, review my DivGro portfolio, and present four top-10 lists of Dividend Radar stocks. 

In August, DivGro's projected annual dividend income (PADI) increased by about 0.3% and, year over year, by about 5.0%.

WPC Dividend Increase

W. P. Carey ($WPC) announced its next dividend of $1.071 per share, a 0.19% increase over the company's previous payout of $1.069.

DivGro's annual dividend income will increase by $0.80 as a result.

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VZ Dividend Increase

Verizon ($VZ) announced its next dividend of $0.665 per share, a 1.9% increase over the company's previous payout of $0.6525.

DivGro's annual dividend income will increase by $15.00 as a result.

I own 300 shares of VZ at an average cost basis of $51.43 per share. Following this increase, my yield on cost is 5.17%. In comparison, VZ's forward yield is 8.16% at $32.59 per share. 

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O Dividend Increase

Realty Income ($O) announced its next dividend of $0.256 per share, a 0.20% increase over the company's previous payout of $0.2555.

DivGro's annual dividend will increase by $2.10 as a result.

I own 500 shares of O at an average cost basis of $56.29 per share. Following this increase, my yield on cost is 5.46%. In comparison, O's forward yield is 6.11% at $50.30 per share. 

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PM Dividend Increase

Philip Morris ($PM) announced its next dividend of $1.30 per share, a 2.4% increase over the company's previous payout of $1.27.

DivGro's annual dividend income will increase by $14.40 as a result. 

I own 120 shares of PM at an average cost basis of $85.89 per share. Following this increase, my yield on cost is 6.05%. In comparison, PM's forward yield is 5.56% at $146.41 per share. 

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My Highest Quality Dividend Challengers

This article presents the highest-quality Dividend Challengers, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 5-9 years. 

Companion articles presented the highest-quality Dividend Champions (25+ years) and Dividend Contenders (10-24 years).

I use a quality scoring system that employs six quality indicators from trusted and independent sources. Each quality indicator contributes up to 5 points to a stock's quality score, for a maximum of 30 points.

To screen for the highest quality Dividend Challengers, I screened for stocks with quality scores in the range of 21-30. 

MO Dividend Increase

Altria ($MO) announced its next dividend of $0.98 per share, a 4.3% increase over the company's previous payout of $0.94.

DivGro's annual dividend income will increase by $48.00 as a result.

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10 Dividend Growth Stocks For August 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting the ten highest-quality stocks in Dividend Radar.

August Newsletter

I just published the July edition of my DivGro 2.0 newsletter.

Welcome to the August edition of my monthly newsletter. Following a quick market recap, I review my DivGro portfolio (as of 31 July 2023) and conclude with four top-10 lists!

In July, I opened one new position and added shares to three existing positions. Additionally, I closed one position. Seven DivGro stocks announced or paid higher dividends in July. 

The net result of these changes is that DivGro's projected annual dividend income (PADI) increased by about 1.0% in July. Year over year, PADI increased by 5.4%.

ITW Dividend Increase

Illinois Tool Works ($ITW) announced its next dividend of $1.40 per share, a 6.9% increase over the company's previous payout of $1.31.

DivGro's annual dividend income will increase by $30.60 as a result.

This extends ITW's streak of paying higher dividends every year since 1972!

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AWR Dividend Increase

American States Water ($AWR) announced its next dividend of $0.43 per share, an 8.2% increase over the company's previous payout of $0.3975.

DivGro's annual dividend income will increase by $26.00 as a result.

This is AWRs 69th year of annual payout growth!

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MAIN Dividend Increase

Main Street ($MAIN) increased its dividend by 2.2%, from $0.23 to $0.235 per share, and announced a special dividend of $0.275 per share.

DivGro's annual dividend income will increase by $18.00 as a result, and DivGro will receive $82.50 from the special dividend in September.

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MDLZ Dividend Increase

Mondelez ($MDLZ) announced its next dividend of $0.425 per share, a 10% increase over the company's previous payout of $0.385.

DivGro's annual dividend income will increase by $32.00 as a result.

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CTAS Dividend Increase

Cintas ($CTAS) announced its next dividend of $1.35 per share, a 17.39% increase over the company's previous payout of $1.15.

DivGro's annual dividend income will increase by $20.00 as a result.

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My Highest Quality Dividend Contenders

This article presents the highest-quality Dividend Contenders, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 10-24 years. 

A companion article presented the highest-quality Dividend Champions (25+ years), and a subsequent article will present the highest-quality Dividend Challengers (5-9 years).

I use a quality scoring system to assess the quality of dividend growth [DG] stocks and focus my research efforts on the highest-quality DG stocks. The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator for a maximum of 30 points.

To screen for the highest quality Dividend Contenders, I screened for stocks that appear in the top two scoring categories of the quality indicators, namely those scoring 4 or 5 points for each quality indicator. 

10 Dividend Growth Stocks For July 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting high-quality, discounted stocks with high growth rates and high trailing total returns [TTRs]. Every stock trades at least 10% below my risk-adjusted Buy Below prices. 

NNN Dividend Increase

NNN ($NNN) announced its next dividend of $0.565 per share, a 2.7% increase over the company's previous payout of $0.55.

DivGro's annual dividend income will increase by $24.00 as a result.

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Home Run Number 47

I'm celebrating DivGro's 47^th Home Run today!

When a stock in my portfolio doubles my original investment in total returns, I label it a Home Run stock! 

I announced my 46^th Home Run stock, TJX (TJX), on 30 June 2023. In that article, I shared that Snap-On (SNA) was the only home run contender with total returns of at least 80%.