Once again it is the first Saturday of the month, so it is time for a goals/progress update. I am pleased that I can continue to say that annualized dividend income has increased every month since I began tracking it in November 2007. I have one stock that I am certain will either cut or eliminate its dividend in October. I will likely sell it in the next few days and reinvest the proceeds. As noted in past reports, since I am well ahead of my 2008 goal it is unlikely I will fall below it.
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 | 2,386 | 0.18% |
| Div. Changes YTD | 21 | 0.05% |
| Sales YTD | (120) | 0.06% |
| September/2008 | 5,341 | 5.29% |
| Purchases | 165 | -0.06% |
| Div. Changes | (35) | -0.03% |
| Sales | 0 | 0.00% |
| August/2008 | 5,211 | 5.38% |
The above information covers the current month and year-to-date through the current month.
Click here for a Detailed Historical Progress Update Table.
For the month, annualized dividend income increased $130, and Yield on Cost (YOC) decreased -0.09%. These changes were driven by new purchases and dividend changes (no sales in September). Let's examine each of the these categories:
Purchases: The $165 increase in annual dividend income and -0.06% decrease in YOC related to the following purchases (yield at the time of purchase):
- $65 BP (6.22%)
- $26 PG (2.27%)
- $74 PID (4.19%)
Dividend Changes: The ($35) decrease in annual dividend income and (0.03%) decrease in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $6 BP : $.8115q>$0.84q : 0.01%
- $5 O : $0.138m>$0.1405m : 0.01%
- ($14) VFH : $1.56a>$1.34a : (0.02%)
- ($10) VYM : $1.67a>$1.56a : (0.01%)
- $1 VNQ : $3.05a>$3.08a : 0.00%
- $4 VIG : $1.00a>$1.05a : 0.01%
- ($27) PID : $0.71a>$0.55a : (0.03%)
I continue to be unhappy with the performance of the income ETFs. The dividends tend to be volatile and unpredictable, which is not what a dividend investor is looking for.
The next monthly progress update will be on Saturday, November 8th (I will likely not be ready on November 1st).
(Photo: sanja gjenero)
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