Recent Buy --- WFC

Today I added to my Wells Fargo position.

• WFC:  35 shares @ $45.31 --- Yield  3.35%

Total capital invested is $1592.77 and will add $53.20 to my yearly dividends. I was really happy to see the share price fall again today since I didn't add any shares a couple of days ago. In the long run this bank will be fine and I am happy to get in at such a great yield. My WFC share count is now 171.01.

Adding shares of great companies the past few weeks has felt really good and I love seeing the forward dividends climbing!! $4k is within striking distance. I'm feeling pretty pumped up right now!!!

Forward dividends are $3900.

DEFY MEDIOCRITY

Recent Buy --- TROW

Today I added to my TROW position.

• TROW:  24 shares @ $66.93 --- Yield  3.23%

Total capital invested is $1613.23 and will add $51.84 to my yearly dividends.  This purchase increases my TROW share count to 45.

I was bouncing around between XOM and WFC this afternoon and then decided against adding to one of these two simply because they are two largest positions. 

WFC is still really enticing, so I may still add a few shares before the end of the week.

Forward dividends are $3850.

DEFY MEDIOCRITY

One more purchase --- Easing into EMR

I just couldn't help myself. I had to initiate a small position in EMR.

• EMR:  30 shares @ $50.87 --- Yield  3.74%

Total capital invested is $1533.05 and this purchase will add $57.00 to my yearly dividends.

Well if I had waited a few hours I could have save $50 on my VIAB purchase. That's ok!!! I used the additional market drop (close to 400 Dow points) to pick up some shares of EMR. I was so close to choosing T, but EMR won on a coin flip. Hopefully next week continues to bring good buying opportunities. I still have a shitload of dry powder!!

What a great way to start the weekend!!

Forward dividends are $3800.00

DEFY MEDIOCRITY

More grinding......VIAB purchase

Today I doubled my Viacom position.

• VIAB:  40 shares @ $38.50   Yield  4.16%

Total capital invested is $1546.75 and this purchase will add $64.00 to my yearly dividends. I now have 80 shares.

High yielding REITs, utilities, and telecoms are starting to look interesting. Maybe another interest rate hike will take a few dollars off T, SO, VZ, and WPC. It will be fun too watch!

Forward dividends are $3750.

DEFY MEDIOCRITY

Pipeline construction continues --- DIS purchase

Today I added more DIS shares to my portfolio.

• DIS:  18 shares @ $93.60 --- Yield  1.52%

Total capital invested is $1691.73 and will add $25.56 to my yearly dividends.  The yield is obviously low, but so is the payout ratio at 25%. In five years this company could easily have a 3% YOC. 

My share count is now 35 and I will continue adding until I reach 100 shares.

I keep watching Dividend Hustler kicking ass over there and he's really getting me highly motivated!! I'm not jumping into the deep end of the pool yet, but I feel $5k in forward dividends by year end and maybe $10k by 2017 year end.

Stay tuned!!

DEFY MEDIOCRITY 

Brick by boring brick --- KO purchase

Today I doubled my position in Coke.

• KO:  40 shares @ $43.59 --- Yield  3.21%

Total capital invested is $1750.51 and will add $56 to my yearly dividends.  My Coke share count is now 80 and will be churning out over $100 a year going forward. How cool is that?!

There is really no news coming from Coke recently. The stock is probably overvalued a bit, but the dividends are stable and increasing. I really like this type of company and will be adding shares year in and year out for decades to come. 

I almost added shares of VIAB, but the shares spiked up on me. I may still add some shares hopefully closer to the $38 range. The pipeline is starting to come back nicely!!

Forward dividends are $3650.

DEFY MEDIOCRITY

August 2016 Recap

While July was rough ($0 dividends), August was much better as I received $185.54.  As always, I reinvested all the dividends back into the companies paying them.

At first glance, HCP was the monster payer this month and was responsible for over half of my total income.  The good news is the dividends are beginning to smooth out as I received payments from four companies in August as opposed to only HCP in May. Ideally I would like to have at least 10 different companies paying in the "off" months with no one company contributing to more than 10% of the total. Time and patience will take take of this.

As you can see I also added $6865.01 in fresh new capital which increased my forward dividends by $303.74. I know that I am probably only about 20% of the level I was at this point last year. That's ok! I still have a ton of dry powder to work with and will continue to ramp up the portfolio. In fact I am much further along than I anticipated I would be. I was originally hoping to reach $3000 in forward dividends and now may surpass $4000 by year end. Of course then comes 5,7.5, 10, 15 etc.

The hamster wheel continues to spin. :-)

Forward dividends are $3600.

DEFY MEDIOCRITY