Friday, March 6, 2015

Stock Purchase -- PM Again

Today I purchased more shares of PM.

  • PM:  38 shares @ $79.81 --- Yield  5.01%

Total capital invested is $3042.78 which will increase my yearly dividends by $152.00.

Obviously I thought yesterday's PM price of $81.95 was good so why not buy some more today. I wanted to take advantage of today's big market slide and was paralyzed looking at all the choices. Thanks to interest rate fears, companies like HCP and SO have fallen close to $10/share in the last month. T has been drifting lower. Stalwarts KO and PG have great yields and are companies to buy and own for decades to come. I don't even have to talk about XOM, RDS, BP, and CVX.

At the end of the day, I have too much exposure to energy, not that I won't be adding more shares in the future. I just like the yield and defensive nature of tobacco companies and since PM continues to underperform MO, I decided to add once again.

Forward dividends from MO and PM now exceed $1000/year. That has to be a good thing.

I have now regained approximately 75% of the income that I lost from the ESV cut.

I hope everyone has a great weekend!!!!


Thursday, March 5, 2015

Stock Purchases: PM,CAT

Today I purchased shares of PM and CAT

  • PM:  50 shares @ $81.95 --- Yield  4.88%
  • CAT:  50 shares @ $80.25 --- Yield  3.49%

Total capital invested is $8130 including commissions and the combined yield is 4.19%. These two purchases will add $340.65 to my yearly dividends.

PM is now my largest position followed by T, BP, and GE. Forward dividends are now back above $15,000.


Tuesday, March 3, 2015

Weekly Sharebuilder Purchases

Here are my automatic investments for this week.

  • PM:  3.63 shares @ $82.76 --- Yield  4.83%
  • CVX:  2.85 shares @ $105.25 --- Yield  4.07%
  • CAT: 3.60 shares @ $83.31 --- Yield  3.36%
  • XOM:  3.43 shares @ $87.38 --- Yield  3.16%

Total capital invested is $1200 ($300 in each company). The combined yield is 3.86% and my yearly dividends will increase by $46.26.

Here we go again. Another new month and time to continue climbing the mountain to financial freedom. It looks like energy companies are drifting lower so I am happy to pick up shares of two giants in the industry. PM and CAT continue to look like solid values and I will keep adding shares at these levels and lower.

Companies on my watchlist for next week include the four above along with HCP, APU, BAX, JNJ, and SO.

Recently I have seen a couple of people use the following phrase. I really like it!!!


Saturday, February 28, 2015

February 2015 Recap

As I reflect back on this month it has been fantastic. Like every other Saturday morning, I am here at work getting ready to finish off what will be a record month! I just looked at the clock and it is 7:25 and many people are at home sleeping or just starting to read the morning paper drinking coffee (actually I probably am one of the few who still likes a traditional newspaper). I envy you, but right now I must continue to build my passive income for the future. My focus is on finishing strong at work today and every day for the next several years so that one day, my Saturdays along with my Tuesdays, and really every day looks no different than my Sundays (relaxed and with limited obligations).

February was also a great month for passive income as my dividends keep increasing on a year over year basis. Maybe by this time next year, 3-digit months will be a just a memory. That would be nice and quite honestly I think it is realistic.

Anyway, here is the passive income that I received during the month of February.

Taxable Account

  • AHITX --- $245.97
  • T --- $166.86
  • HCP --- $118.65
  • KMI --- $105.19
  • APU --- $66.61
  • VZ --- $65.10
  • PG --- $59.99
  • CLX --- $39.71
  • PAYX --- $35.04
Total taxable passive income is $903.12.

New Capital Invested

  • JNJ --- $1100
  • CAT --- $800
  • BAX --- $500
  • PG --- $500
  • XOM --- $300
  • WM --- $300
  • KO --- $300
  • T --- $300
Total new capital invested is $4100.00

Friday, February 27, 2015

DLR raises dividend 2.4% --- New yield is 5.17%

DLR announced that is will raise its quarterly dividend by $.02 from $.83 to $.85. This represents a 2.41% increase and the new yield is 5.17%.

Digital Realty's board of directors authorized a quarterly common stock dividend of $0.85 per share to common stockholders of record as of the close of business on March 13, 2015. The common stock dividend will be paid on March 31, 2015.

Since I currently own 100 shares, my yearly dividends will increase by $8.00

Yesterday's ESV news obviously sent a shockwave through my portfolio and it will take a lot more raises from other companies to fill the void. Actually looking across the board, I don't know that raises from every company I own can make up for that catastrophe. The fallout is going to be felt for several quarters until I can replace the lost income.

But only a fool trips over what's behind him, so it is time to brush myself off and get moving again!

Thursday, February 26, 2015

Ouch!! ESV cuts dividend 80% --- New yield is 2.33%

Surprise, surprise. ESV announced they are reducing their quarterly dividend $.60 from $.75 to $.15 which is an 80% reduction. The new yield will now be 2.33%

Since I own 263.62 shares, my yearly dividends will decrease by $632.69.

Holy shit that is going to leave a mark! I just did a preliminary check on my forward dividends and they will drop from around $15,500 to $14,800 and some change.

Anyway here is a cut and paste statement from the company.

"To improve capital management flexibility in light of the market downturn, Ensco’s Board of Directors declared a $0.15 cash dividend per Class A ordinary share payable on 20 March 2015, a $0.60 reduction from the prior level. The ex-dividend date is expected to be 5 March 2015 with a record date of 9 March 2015."

In other news, WM is increasing its quarterly dividend by $.01 from $.375 to $.385 which is a 2.66% increase and will increase the yield to 2.82%. The record date is March 9th and the pay date is March 20th. I currently own 25.4 shares so my yearly dividend will increase by $1.02.

Obviously I have a lot of work to do in order to get my yearly dividends back on track. I don't plan on selling any ESV right now, as this probably is the bottom. A lot of times these type of events allow companies to regroup, clean up their house and begin marching forward again. We'll see. I don't need any tax losses right now, but if I do in the future I will use the opportunity to sell off part of my position.

Tuesday, February 24, 2015

Weekly Sharebuilder Purchases

Here are my automatic investments for this week.

  • T:  8.82 shares @ $34.02 --- Yield  5.53%
  • CAT:  3.55 shares @ $84.10 --- Yield  3.33%
  • XOM:  3.36 shares @ $89.60 --- Yield  3.08%
  • JNJ: 2.97 shares @ $100.66 --- Yield 2.78%

Total capital invested this week is $1200 ($300 in each company). The combined yield is 3.68% and will add $44.16 to my yearly dividends.

Another week is in the books and the snowball is bit larger than last week. This is a pretty boring group of companies, but that is ok. Sometimes boring can be good. I plan to continue slowly adding quality names at this pace and then hopefully ramp up purchases sometime around May.

Other companies on my radar include BAX, PG, PM, NOV, KO, and HCP.

Stay relentless in your pursuit of FI!