Once again it is the first Saturday of the month, so it is time for a goals/progress update. My dividend portfolio continued to improve in August after the June collapse. Annualized dividend income has increased every month since I began tracking it in November 2007. I am still concerned about some stocks reducing their dividend. However, since I am well ahead of my 2008 goal it is unlikely I will fall below it. Now onto the numbers.My goals were defined in this December 1, 2007 Investing Goals post. Below is an updated version of the table found in the original post.
| Description | Dividend Income Annualized | Yield on Cost |
|---|---|---|
| 2027 Goal | 110,000 | 20.00% |
| 2017 Goal | 30,000 | 10.00% |
| 2008 Goal | 4,000 | 4.90% |
| Dec/2007 | 3,054 | 5.00% |
| Purchases YTD | 2,221 | 0.24% |
| Div. Changes YTD | 56 | 0.08% |
| Sales YTD | (120) | 0.06% |
| August/2008 | 5,211 | 5.38% |
| Purchases | 299 | 0.07% |
| Div. Changes | 0 | 0.00% |
| Sales | 0 | 0.00% |
| July/2008 | 4,912 | 5.31% |
Click here for a Detailed Historical Progress Update Table.
For the month, annualized dividend income increased $299, and Yield on Cost (YOC) increased 0.07%. These changes were driven by new purchases and dividend changes (no sales in August). Let's examine each of the these categories:
Purchases: The $299 increase in annual dividend income and 0.07% increase in YOC related to the following purchases (yield at the time of purchase):
- $174 ETO (7.91%)
- $50 GE (4.40%)
- $75 BBT (6.15%)
Dividend Changes: The $0 net change in annual dividend income and 0.00% net change in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $2 BBT : $0.46q>$0.47q : 0.00%
- $3 PAYX : $0.30q>$0.31q : 0.00%
- ($-5) RY : $0.50576q>$0.47755q : (0.00%)
Sales: I did not sell any income portfolio investments in August.
The next monthly progress update will be on Saturday, October 4th.
