November 2015 – Dividend Progress

Dividend Income Progress

  • American Electric Power (AEP) provided a 5.7% increase (ex-div 11/6).  Not really too bad for a utility stock.  I’ll take it.
  • Emerson Electric (EMR) provided a 1.1% increase (ex-div 11/3).  EMR is a bit of a troubled company at the moment.  Yup, it’s cyclical, but this is a pretty lousy increase.  This company is now “on the bench”.  Another increase like that and I will strongly consider selling.  It has an extremely dependable dividend history, and I think it’s fair to give it some time to turn around.   EMR seems inclined to keep their payout ratio below the 50-ish mark.  If earnings don’t improve, I suspect I won’t see much in the way of dividend increases.  That might take a couple years.  We shall see.
  • Microsoft (MSFT) bumped it up nicely by providing a 16.1% increase (ex-div 11/17)
  • McDonald’s (MCD) came through with a pretty subdued, but not horrible, increase of 4.7% (ex-div 11/27).  They’re trying to make some changes, so I’ll give them some time.
  • Add to Ventas (VTR):  On 11/09, I added to our Ventas holdings at just under $50 and a 5.84% current yield.  Ventas was taken from about 1% weight to just over 3%.  The blog entry on this purchase can be found here.

2015 YTD forward dividend income (through November)

  • Stock purchases have added 20.12% to our forward dividend income
  • Dividend increases have added 4.88% to our dividend income.  This is a bit disappointing, I must admit.  This has not been a good year for dividend growth.  I have experienced dividend freezes and/or very small increases for several stocks.  Hopefully, this is not a harbinger of things to come.  Either way, I continue watching for stocks that might provide better dividend growth.
  • Stock sales have decreased forward income by 5.71%
  • Overall, our YTD forward dividend income increase is 19.28%.
  • Month over month, dividend income was up 13.92% over November 2014
  • Year to date through November, dividend income was up 40.24% compared to last year.

Are you having better luck with dividend growth?  What are you buying (or not) these days?  Thanks for reading.

-Steve

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6 responses

  1. Looks like Nov was a great month overall for you. Congrats on the progress!

    R2R

    1. R2R,
      Thanks for the congrats. I do feel like I’m making progress and am not totally dissatisfied. I definitely have to work on finding some companies with higher dividend growth, but that will take some time. I just finished reading your article on choosing ETFs for your wife’s portfolio. Interesting stuff. Gives me something to think about.

  2. Very nice update, 19.3% forward dividend income growth is great.

    1. Thanks, Ben. I am content with that, no doubt. I certainly never received a 19.3% pay raise when I was working for a living.

  3. Looks like a great month and great year so far for your DG portfolio DG! Dividend growth investing is about as exciting as watching paint dry, but you can’t beat the passive income aspect.

    1. Hi JC,
      Yes, not too bad overall. I need to tweak some things but I’m traveling in the right direction I think. I’m with you on the excitement level. Not much to get cranked up about…. which is one of the things I like about it. Calm is good.

      Steve

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