Another month is in the books. For the past few months, these dividend income posts have been the only blog updates since my buy or sell activity has been nearly non-existent, but not for lack of capital. Available cash for investing has been growing at a normal pace, however, I've been exercising some caution as I believe better opportunities will present themselves, who knows, perhaps we'll see a repeat of Q4 volatility like we did late in 2018, I would love it. In any event, one thing that has been constant this year, despite my portfolio transactions having been less frequent than I had anticipated, is the continuing climb in YoY dividend income. See the summary below.
Total dividends for the month of July came in totaling $533.31, a 31.9% increase over the same period which nearly all the result of the increased number of shared held in the portfolio among a handful of companies listed above. The primary driver of this increase was a result of the increased size of the portfolio's DIS position. You can read more about the recent DIS (and FOXA) transaction here. The DIS position now consists of 100 shares compared to this same time last year, when it was only about a fourth of that size. In addition, purchases of LEG and CAH also contributed to the YoY increase income and both are trading near the same valuations. The net impact of dividend rate changes amount to 1.4% favorable change, much lower than the long term average I would like to see of mid to high single digit increases YoY.
In closing, here is a summary of where the major indexes are trading with respect to their P/E valuations along with their corresponding yields.
No comments:
Post a Comment