Friday, January 9, 2015

Dividend Income Progress Update - December 2014

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in December, extending the streak to 54 consecutive months of increases after June 2010's decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 83 of the last 85 months.

My goals were defined in this December 1, 2007 Investing Goals post and last updated in my 2014 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 n/a
2017 Goal 42,000 n/a
2014 Goal 30,000 n/a
December/2013 26,580 4.54%
Purchases YTD 5,273 -0.17%
Div. Changes YTD 1,748 0.25%
Sales YTD -1,916 -0.02%
December/2014 31,685 4.60%
Purchases 224 -0.02%
Div. Changes 337 0.06%
Sales 0 0.00%
November/2014 31,124 4.56%

The above information covers the current month and year-to-date through the current month.

Click here for a Detailed Historical Progress Table.

In September I exceeded my 2014 goal of $30,000 of annualized dividends from my Dividend Growth Stock portfolio. For the month, annualized dividend income increased $561 and Yield on Cost (YOC) was up 0.04%. This month's changes were a net of new purchases, dividend changes and sales. Let's examine each of the these categories:

Purchases: Purchases this month increased my annual dividend income by $224 and lowered my yield on cost -0.02%. As noted in earlier updates, I generally expect YOC to drop in most months since new investments will yield less than my current YOC, and dividend increases will not normally be sufficient to offset the decline.

Dividend Changes: The $337 increase in annual dividend income and increase of 0.6% in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):

- $23 AFLAC Inc. (AFL) $0.37q>$0.39q
- $55 Emerson Electric Co. (EMR) $0.43q>$0.47q
- $109 Microsoft Corporation (MSFT) $0.28q>$0.31q
- $79 McDonald's Corp. (MCD) $0.81q>$0.85q
- $62 Lockheed Martin Corporation (LMT) $1.33q>$1.50q
- $9 Universal Health Realty Income Trust (UHT) $0.63q>$0.635q

Sales: There were no sales during December.

That's it for this time. The next monthly progress update will be early February.

Full Disclosure: Long, all the aforementioned securities. See a list of all my dividend growth holdings here.

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(Photo: sanja gjenero)


Tags: AFL, EMR, MSFT, MCD, LMT, UHT,

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