It is the first Saturday in March, so it is time for the February goals/progress update. 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% |
| Feb/2008 | 3,557 | 5.13% |
| Purchases | 357 | 0.10% |
| Div. Changes | 13 | 0.02% |
| Sales | (93) | 0.02% |
| Jan/2008 | 3,280 | 4.99% |
| Purchases | 212 | -0.11% |
| Div. Changes | 41 | 0.06% |
| Sales | (27) | 0.04% |
| Dec/2007 | 3,054 | 5.00% |
| Net Changes | 228 | 0.12% |
| Nov/2007 | 2,826 | 4.88% |
For the month dividend income increased $277, and Yield on Cost (YOC) increased 0.14%. These changes were driven by new purchases, divided changes and sales. Let's examine each of the these categories:
Purchases: The $357 increase in annual dividend income and 0.10% increase in YOC related to the following purchases (yield at the time of purchase):
- $36 VYM (3.56%)
- $50 SDY (4.92%)
- $152 SFI (13.oo%)
- $26 JNJ (2.62%)
- $45 NNN (6.24%)
- $48 HCP (6.03)
Dividend Changes: The $13 increase in annual dividend income and 0.02% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $10 RY (0.429q>0.4903q - 0.02%)
- $2 HCP (0.445q>0.455q - 0.00%)
- $1 PGN (0.61q>0.62q - 0.00%)
Both HCP (a REIT) and PGN (a utility) are relativity high-yield companies (both 5%+) with relatively low dividend growth rates (both less than 2%).
Sales: As discussed in my It Was An Odd Odyssey article, I was fortunate enough to sell DHI at a significant gain. This resulted in a decline of dividend income of $93 and increased my YOC by 0.02%. There have been more sales this year than I had originally anticipated. There will likely be some more.
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