MO raises dividend 4.44% --- New yield is 8.11%

 

Today MO raised its quarterly dividend from $.90 to $.94. This represents a 4.44% increase from last year. The dividend is payable on 10/11/22 and the ex-dividend date is 9/14/22.

While it would have been nice to see a dividend hike closer to the rate of inflation, MO was already yielding around 8% so this is somewhat expected.

Since I currently hold 8370 shares, this will increase my yearly dividends $1339.20 from $30,132 to $31,471.20.

July 2022 Dividend Income

 

 

Here is the passive income I received for July

• MO --- $3033
• 401K --- $227.10

Total income for the month of July is $3530.10.

Recent Purchase --- MO

 

Today I added to my MO position.

• MO:  5000 shares @ $41.19 --- Yield  8.74%

Total capital invested is $205,950. This purchase will increase my dividends by $18000. This brings my total share count up to 8370 shares. Total MO dividend income is now $30,132.

MO has had a rough couple of months and now is down over 13% for the year. The headlines and downgrades have been relentless. It's these time that I typically jump in and hopefully this proves to be a good entry point.

I haven't posted this year as I have not been adding dividend stocks after selling most of them last year. Let the fun begin again!

DEFY MEDIOCRITY

Dec 2021 Net Worth

December was a fantastic month and capped a fantastic year.  I ended up gaining $20,000 and that was even with the purchase of an engagement ring for my fiance. Maybe I didn't spend enough on it ;) 

The S&P 500 finished up 27% for the year. I believe almost 30% counting dividends. Absolutely sensational considering its 15% gain in 2000 and 31% gain in 2019. I read somewhere that since the beginning of 2019 the market has compounded at a 28% clip. Jaw dropping wealth creation.

While I didn't quite make it back to the double comma club, I'm still up $18,000 on the year after all expenses. Again, I ended up paying off my fiance's car, building a new backyard oasis, and getting engaged. Hopefully the expense column reverts to normal levels next year. We'll see!

Happy New Year everyone!

Here are my net worth totals for the end of December.

Checking --- $106,316

Savings/Investments --- $306,345

HSA --- $1,550
IRA --- $14,183

401K --- $553,996

2014 Jeep Wrangler --- $14,000

Liabilities

$8,266

Net Worth

$988,124

YTD Totals

2021

***Jan 1, 2021 --- $969,595***

Jan 31, 2021 --- $966,773

Feb 28, 2021 --- $970,059

Mar 31, 2021 --- $986,189

Apr 30, 2021 --- $997,626

May 31, 2021 --- $998,560

Jun 30, 2021 --- $1,007,093

Jul 31, 2021 --- $1,017,133

Aug 31, 2021 --- $1,027,009

Sept 30, 2021 --- $1,002,049

Oct 31, 2021 --- $1,037,716

Nov 30, 2021 --- $968,361

Dec 31, 2021 --- $988,124

2020

Jan 31, 2020 --- $923,180

Feb 29, 2020 --- $887,924

Mar 31, 2020 --- $840,075

Apr 30, 2020 --- $883,292

May 31, 2020 --- $897,577

June 30, 2020 --- $898,663

July 31, 2020 --- $923,038

Aug 31, 2020 --- $944,156

Sep 30, 2020 --- $922,946

Oct 31, 2020 --- $901,082

Nov 30, 2020 --- $956,268

Dec 31, 2020 --- $969,595

 

Dec 31, 2021 --- $988,124

Dec 31, 2020 --- $969,595

Dec 31, 2019 --- $926,699

Dec 31, 2018 --- $864,613

Dec 31, 2017 --- $914,266

Weekly Stock Purchases

My final purchases of the year are additions to VTI and BND.

• VTI:  4 shares @ $242.18 --- Yield 1.15%
• BND:  6 shares @ $84.82 --- Yield 1.95%

Total capital invested is $1477.60 and the combined yield is 1.69%. Today's purchases will add $24.97 to my yearly dividends.

Happy New Year and I hope everyone has a fantastic and safe evening!

Pipeline re-construction in progress.

Weekly Stock Purchases

Yesterday I added to my MO position.

• MO: 180 shares @ $47.82 --- Yield  7.53%

Total capital invested is $8607.60 and this purchase will add $648.00 to my yearly dividends.

I now have an even 1000 shares of MO which will provide $3600.00 of yearly dividend income.  

I should also mention that I have 12 open $45 MO puts that have been open most of this year. The first 7 expire on Jan 21, 2022 and the other 5 expire in Jan 2023. The assignment of next month's shares would be around $41.50 so it is unlikely that I will be assigned unless MO drops $5 dollars or so during the next few weeks.

Pipeline re-construction in progress

Weekly Stock Purchases

Today I added to my MO, IBM, and BP positions.

• MO:  200 shares @ $44.83 --- Yield  8.03%
• IBM:  40 shares @ $121.42 --- Yield  5.40%
• BP:  50 shares @ $26.77 --- Yield  4.82%

Total capital invested is $15,161.30 and the combined yield is 6.91%. These purchases will increase my yearly dividends by $1,046.90.

I continue to like MO below $45. I also would like to add XOM if the price drops into the mid $50s. 

Pipeline reconstruction in progress.