Recent Buy - Campbell Soup Co (CPB)

Alright folks, what does one do when an equity holding of theirs falls by > 20% in a matter of days despite maintaining a high conviction of the company's ability to overcome short terms headwinds? Buy more of course!  Well, that is just what I have done.  Today I increased my position in CPB by 50%.  The company's current valuation is ridiculously low based on adj EPS and/or operating cash flow, especially in light of where many of the indexes are currently trading.  Below are the details of the purchase as well as some additional commentary regarding recent events for CPB.

Recent Sell - Omega Healthcare Investors, Inc. (OHI)

Last summer I decided to make the plunge and purchase one of the most popular REITs among retail dividend growth investors, OHI.  Well, not quite a year later and I've regretted the decision nearly as soon I made the decision to buy it.  Now that prices have recovered to levels close to where I initially purchased, I have decided to sell my relatively small position to allocate the capital elsewhere with much less industry (SNFs and ALFs) and regulatory risk.  There are a select few REITs that I currently own (LAMR, KIM, WPC, and CLDT) and would rather be invested in either of them rather then be exposed to the risk and rewards currently associated with OHI relative to current valuations.  The funds received in connection with this sell are held in a Roth IRA account and so the capital will likely be allocated towards purchasing additional share of KHC and/or WPC where my equity positions in both of those companies also reside.  Below are the details of the OHI transaction including the gain and loss calculations.

2018 April Dividend Summary

April dividends saw a decent jump YoY, a 54% jump to be exact.  Viewing the summary below, you can see there were 4 new companies added to the portfolio in the last 12 months that were remitting any dividend payments my way: CPB, GE, KMB, and KIM.  The addition of these four companies accounted for bulk of the YoY difference.  There is one company that I no longer own, that is BNS my small position shortly before starting this blog.  See below for the full details.

Recent Buy - AT&T (T)

Today I picked up some additional shares of AT&T which has been trading about 10% below my cost basis.  There remains some uncertainly about the future prospects of the company in regards to its Time Warner acquisition that is pending approval from the courts.  In addition, it recently came to light that the company has had a business relationship with one of President Trump's former lawyers which some on Wall Street may find concerning. Below are details of the purchase:
 

Recent Buy - The Kraft Heinz Co (KHC), Kimberly-Clark Corp (KMB), and Campbell Soup Co (CPB)

In my previous post on Friday discusses a couple of positions I sold, which you can read more about here.  The proceeds from the equity positions sold was used to purchase 3 separate stocks on the same day: KHC, KMB, and CPB.  Of the three, KHC is new position for the PIV portfolio.  I have included details on each of the purchases below.

Recent Sell - Compass Minerals International (CMP) and Telefonica (TEF)

Today unexpectedly became an active day in the market for me.  I have the Yahoo Finance app installed on my phone and I typically will open up the app and take a look at my watchlist that I set up within the app in additional to the Google sheets file I have here on my blog.  When I opened the app I noticed many consumer staples were taking a hit; more on this in my next post.

Recent Buy - The Procter & Gamble Company (PG)

Made another purchase of PG that tacked on an additional 22 shares to the previous 42 I've acquired in recent months.

Purchased: 22 shares x $78.28 = $1,722.16 (+$4.95 commission)

Dividend Income: Increases forward annual dividend income by $63.11 ($2.87/sh annually; paid quarterly in Feb, May, Aug, and Nov)

Comments: Other than the purchase price, not much else has changed since my initial purchase last month.  As such, I'll refer you to the initial purchase here where additional metrics and the company profile can be found.  Forward dividend yield is 3.66% based on the company's recent announcement that can be found here; dividend increased by 4%.  With this recent purchase, PG now accounts for roughly 2% of my portfolio which I am comfortable with at current valuation.

2018 March Dividend Summary

Spring has arrived and the month of March has come to a close.  As I referenced in the February summary, March was a another month with significant changes in dividend income YoY.  This year I received $986.60 in dividends compared to last year's total of $427.97, a 76.6% increase.  Similar to the months the January and February, the significant changes in dividend income were largely driven by changes in holdings within my portfolio.  In early 2017 I deployed quite a bit of cash that I had generated from selling some ETFs, non-dividend paying stocks, as well as some idle cash I had built up in my retirement account.  Below are some details as well as some additional commentary on the dividend income for the month.

Recent Buy - Kimberly-Clark Corp (KMB)

While traveling with my son for baseball tournament this past Friday, I was surprised to open the Yahoo Finance app on my phone to see that KMB was trading around $106 and subsequently closed on Friday at 104.74.  I quickly put in a small limit order to pick 5 additional shares.

Purchased: 5 shares x $106.30 = $531.50 (+$0 commission)

Dividend Income: $20.00 ($4.00/sh annually; paid quarterly in Jan, Apr, Jul, and Oct)

Comments: I initiated a position in KMB earlier this month when the price was $111.50.  The purchase was made just before the ex-dividend date so I captured a $1 for each of the 25 shares I purchased at the time.  Other than the price, many of the metrics remain unchanged from earlier this month, which you can view here.  Forward dividend yield is 3.7% and my recent purchase price was nearly five percent cheaper than my entry point earlier this month.

Recent Buy - The Procter & Gamble Company (PG)

Made another purchase of PG that tacked on an additional 10 shares to the previous 32 I bought towards the end of February last month.

Purchased: 10 shares x $76.47 = $764.70 (+$4.95 commission)

Dividend Income: Increases forward annual dividend income by $27.60 ($2.76/sh annually; paid quarterly in Feb, May, Aug, and Nov)

Comments: Other than the purchase price, not much else has changed since my initial purchase last month.  As such, I'll refer you to that post here where additional metrics and the company profile can be found.  Current dividend yield is 3.58% and PG is expected to announce a dividend increase within the next few weeks.  If prices continue to hover below < $80 with all else remaining fairly constant, I will continue making purchases of PG.

2018 February Dividend Summary

The shortest month of the year is in the books for 2018.  Similar to January, I experienced some significant growth income, percentage wise, compared to the same period last year.  Take a look below for the details on what contributed to the growth in dividend income.

Recent Buy - Kimberly-Clark Corp (KMB)

Today I initiated a new position in Kimberly-Clark Corp (KMB).  I have been watching this stock in recent months and have had a specific price in mind and it has been hovering dang close so I decided not to quibble over the few extra cents and decided to raise my limit order to $111.50, which was executed this afternoon.  Below are the details of the purchase.