Once again it is the first Saturday of the month, so it is time for a goals/progress update. Like June, July left me glad that I am a dividend investor. Annualized dividend income has increased every month since I began tracking it in November 2007. It is good that I am running well ahead of my 2008 goal because I am beginning to sense a few dividend cuts coming down the pipe. At this point, it would take a major melt-down for me not to meet my goal. Now onto the numbers.
My goals were defined in this December 1, 2007 Investing Goals post. Below is an updated version of the table found in the original post.
| Description | Dividend Income Annualized | Yield on Cost |
|---|---|---|
| 2027 Goal | 110,000 | 20.00% |
| 2017 Goal | 30,000 | 10.00% |
| 2008 Goal | 4,000 | 4.90% |
| Dec/2007 | 3,054 | 5.00% |
| Purchases YTD | 1,922 | 0.17% |
| Div. Changes YTD | 56 | 0.08% |
| Sales YTD | (120) | 0.06% |
| July/2008 | 4,912 | 5.31% |
| Purchases | 175 | -0.05% |
| Div. Changes | 6 | 0.01% |
| Sales | 0 | 0.00% |
| June/2008 | 4,731 | 5.35% |
| Net Changes | 101 | -0.12% |
| May/2008 | 4,630 | 5.47% |
| Net Changes | 424 | 0.27% |
| April/2008 | 4,206 | 5.20% |
| Net Changes | 188 | -0.06% |
| March/2008 | 4,018 | 5.26% |
| Net Changes | 461 | 0.13% |
| February/2008 | 3,557 | 5.13% |
| Net Changes | 277 | 0.14% |
| January/2008 | 3,280 | 4.99% |
| Net Changes | 226 | -0.01% |
| December/2007 | 3,054 | 5.00% |
| Net Changes | 228 | 0.12% |
| November/2007 | 2,826 | 4.88% |
For the month, annualized dividend income increased $181, and Yield on Cost (YOC) decreased -0.04%. These changes were driven by new purchases and dividend changes (no sales in July). Let's examine each of the these categories:
Purchases: The $175 increase in annual dividend income and -0.05% decrease in YOC related to the following purchases (yield at the time of purchase):
- $21 CNI (1.87%)
- $25 PG (2.51%)
- $85 ETO (8.41%)
- $44 PID (4.26%)
Dividend Changes: The $6 increase in annual dividend income and 0.01% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $6 ACAS : $1.01q>$1.03q : 0.01%
- ($1) CNI : $0.2318q>$0.2277q : 0.00%
- $1 O : $1.3737q>$1.38q : (0.00%)
The decrease in CNI related to currency conversion from Canadian dollars to U.S. dollars. You can't fault the company for that. Year over year, I still anticipate CNI's dividend will increase on a U.S. dollar basis.
The next monthly progress update will be on Saturday, September 6th.
(Photo: sanja gjenero)
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D4L,
I am a big fan of your monthly passive income updates. Keep up the great work!
July