Recent Buy - AT&T (T)

It been over a month since my last stock purchase, which can be found here.  The indexes have been approaching their record highs hit shortly after the first of the year, however, some stock valuations are still hanging out near their 52 week lows.  One such stock is AT&T (T) and today I've decide to add to my position.  Take a look below for the details on the purchase along with some additional commentary.

2018 June Dividend Summary

These late spring, early summer months go by way too fast!  We have now passed the midway point of the year as well as the recent summer solstice.  Without further ado, I'll get into this past months dividend income summary.  Anyone who tracks there dividend income activity throughout the year knows well that the month of June is one of the big 4 months when it comes to dividends and this is no exception for my portfolio.  As I mentioned last month, I fully expected to hit the 4 digit mark in June, which I did.  However, my dividend income for June 2018 was -1.5% lower than this same period last year - wait what!?  Yep, that's right, lower - but there is a reason for it and I'll explain below.

Recent Buy - PPL Corporation (PPL)

Well, I could no longer resist the appealing valuation of PPL Corp.  I actually have to give credit to Jason Fieber over at Mr. Free at 33 for bringing this company to my attention in recent months and I said as much in a comment on his blog shortly after my limit order executed. Initially, I had considered selling my position in NGG when it was trading at > $58/sh to finance this, but with the retreat in NGG's valuation I've decided to hold on to NGG and purchase PPL using a cash balance I have accumulated.  See details of the purchase along with some additional commentary below.

2018 May Dividend Summary

We are now nearly mid way through the year and the month of may has rung up another substantial YoY increase in dividend income - a YoY increase of 102.1% to be exact.  Take a look below to see which companies contributed to my monthly dividend income.

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.