My goals were defined in this December 1, 2007 Investing Goals post and updated in my 2011 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 | 10.00% |
| 2017 Goal | 30,000 | 5.80% |
| 2011 Goal | 15,500 | 4.70% |
| December/2010 | 11,407 | 4.55% |
| Purchases YTD | 2,922 | -0.17% |
| Div. Changes YTD | 580 | 0.10% |
| Sales YTD | (777) | 0.02% |
| July/2011 | 14,132 | 4.50% |
| Purchases | 239 | -0.02% |
| Div. Changes | 128 | 0.03% |
| Sales | - | 0.00% |
| June/2011 | 13,765 | 4.49% |
The above information covers the current month and year-to-date through the current month.
Click here for a Detailed Historical Progress Table.
For the month, annualized dividend income increased $367, and Yield on Cost (YOC) was up 0.01%. This month's changes were a net of new purchases and dividend changes. There were no sales in July. Let's examine each of the these categories:
Purchases: The $239 increase in annual dividend income and (-0.02%) decrease in YOC related to the following purchases (yield at the time of purchase):
- $90 Lockheed Martin Corporation (LMT) 3.7%
- $74 Intel Corporation (INTC) 3.2%
- $75 Procter & Gamble Co. (PG) 3.3%
All the above purchases lowered my YOC. As noted in earlier updates, I generally expect YOC to drop in most months since new investments will yield less than my current YOC, and dividend increases will not be sufficient to offset the decline.
Dividend Changes: The $128 increase in annual dividend income and the 0.03% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $106 U.S. Preferred Stock Index (PFF) $2.29a>$2.59a
- $1 Realty Income Corp. (O) $0.14456m>$0.14487m
- $21 Medtronic, Inc. (MDT) $0.225q>$0.2425q
Sales: There were no sales in July..
After July, I am still on track to reach my goal of $15,500 in annualized dividend income by December 31, 2011.
That's it for this time. The next monthly progress update will be early September.
(Photo: sanja gjenero)
Tags: [LMT] [INTC] [PG] [PFF] [O] [MDT]