Monday, January 13, 2014
Weekly Purchase - UL
7 shares UL, 3.74% yield, ~$10.29 annual income (depending on exchange rates)
My portfolio gained additional Unilever shares today pushing my expected annual dividend income over $5,800. I'm closing in on the $6,000 mark which would mean an average of $500 per month! HCP is likely to raise payouts in a few weeks, plus OHI & KMI might also follow suit (or maybe not). However February tends to be my best month as far as dividend increases, perhaps I might reach $6,000 sometime in March? I can choose companies extremely likely to raise dividends, but I cannot control the amounts. We'll see.
Most investors base success on the size of their portfolios and probably don't care about this sort of thing. I'm a rehabilitated total return junkie. It took a few years to break the habit so trust me I understand why income investing isn't popular. My new drug is dividends, so yeah passive income is exciting for me. Dividends are equally addicting! Anyways on a serious note, I realize other investing strategies work (like indexing), it's just that I don't trust the 4% rule.
I have many free trades available and did not pay commissions today. I plan to continue small weekly purchases until my supply of free trades run out (probably July).
Core Position: No
Speculative Position: No
Expectations: Steady income; 6% annual dividend growth in € (not $)
Automatic Sell: Frozen dividend; dividend cut
Consider Selling: Business fundamentally changes, management becomes untrustworthy, fundamentals deteriorate, wildly over valued stock price, or position fails to meet expectations.