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.

Sales:
None

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.

Options/Bonus:
None

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.

6 comments:

  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.

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

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  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.

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    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.

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

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    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.

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