Wednesday, February 29, 2012

February Recap

I purchased stock in two new companies this month, my portfolio now stands at 23 positions.  The goal is to build up to 30, but it's not a priority.  I'm still trying to conserve cash for better opportunities.  This month was my highest dividend total ever; it's because AT&T and my MLPs paid out.  All MLPs seem to pay the same month making income uneven if you own 'em.  To me it doesn't matter.

New Purchases:
1) 24 shares H.J. Heinz (HNZ) providing $46.08 annual income.  HNZ was purchased at $51.73/share + commission.
2) 19 Shares Norfolk Southern (NSC) providing $35.72 annual income.  NSC was purchased at $67.93/share + commission.


Dividends Received: $371.33
General Mills (GIS) - $21.52
AT&T (T) - $80.52
Raytheon (RTN) - $24.51
TC Pipeline (TCP) - $40.81
Exchange Income Corp (EIFZF) - $17.31
Procter & Gamble (PG) - $40.95
Abbott Laboratories (ABT) - $25.92
Boardwalk Pipeline (BWP) - $90.63
LTC Properties (LTC) - $29.16

Dividend Increases:
1) AVA: $.275 to $.29 per quarter. $6.24 annually
2) BWP: $.5275 to $.53 per quarter. $1.71 annually
3) KO: $.47 to $.51 per quarter. $6.24 annually
4) ABT: $.48 to $.51 per quarter. $6.48 annually
5) UNS: $.42 to $.43 per quarter. $4.24 annually

New Capital:
$1080 in February.  $300 added to ROTH IRA, $780 added to taxable account.  This is more than I normally contribute thanks to spending less than my budget and making some money on the side.  The only unusual expenses were a pair of new work boots for $100 and $48 on my dress uniform.  I expect to contribute around $800 next month.


Well that's it for February.  In March I plan to make 2 or 3 purchases.  I now have all tax documents needed including K-1's from my MLPs.  I will do my taxes soon.


  1. Solid month there! Huge month for dividends, and you received more than double what I did. Good stuff!

    Keep up the great work. The plan is obviously working for you.

    1. Thanks DM. You will retire before me, that's the important part.

  2. Nice month! I'm still a long way from receiving that much in dividends in a month, but I'm working on it. Getting 5 dividend increases in a single month is superb. I look forward to hearing about your progress throughout the rest of the year.

    1. Thanks deedubs. I try to maintain a mix of low, mid range, and high yielders that will increase over time. It just works out that my high yielders paid this month.

  3. Very nice month CI! Dividend income looks great. AT&T gave me a boost this month in the divi income as well.

    1. AT&T was the second dividend growth stock I ever bought, it has been great so far. We're both prospering from the same company, good stuff.