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.
|Div. Changes YTD||46||0.08%|
Click here for a Detailed Historical Progress Update Table.
For the month, annualized dividend income increased $151, and Yield on Cost (YOC) increased 0.09%. These changes were driven by new purchases, dividend changes and sales. Let's examine each of the these categories:
Purchases: The $850 increase in annual dividend income and 0.37% increase in YOC related to the following purchases (yield at the time of purchase):
- $23 PEP (2.38%)
- $45 LLY (4.46%)
- $30 ITW (2.91%)
- $36 NUE (3.42%)
- $33 INTC (3.31%)
- $35 MFC (3.42%)
- $34 UTX (3.28%)
- $43 RY (4.05%)
- $571 AOD (37.05%)
Since some of the securities sold were in my risky category, I was comfortable taking a calculated risk on one of the securities. The AOD purchase was opportunistic. I fully expect a future dividend cut, but on the day I bought it, I believed the closed-end fund was trading at a significant discount to the underlying securities. Since I purchased it about a month ago, it is up around 35% in this tough market. Combine that with its previously declared forth quarter dividend (37.05% yield), AOD has the potential to be quite profitable.
Dividend Changes: The $25 increase in annual dividend income and 0.03% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $18 SDY : $2.76a>$2.99a : 0.02%
- $6 ACAS : $1.03q>$1.05q : 0.01%
- $1 O : $1.405m>$1.411m : 0.00%
Sales: The ($724) decrease in annual dividend income and (0.31%) decrease in YOC related to the following three stocks that cut their dividend and were immediately sold.
- ($452) : SFI : (0.29%)
- ($235) : BAC : (0.01%)
- ($37) : STI : (0.01%)