Dividend Portfolio Update

It has been a couple of months since our last dividend portfolio update and we continue to make slow and steady progress. Slow is probably the operative word here since we are now retired and need to adhere to our budget. Just to reiterate we only invest money earned from side hustles, like this blog, as any income earned is not included in our budget and doesn’t impact our standard of living.

As someone that has always been willing and able to put cash to work at a moments notice this can sometimes get frustrating, especially when you see a good stock at a low price. There have been a few times where I have had to walk away some my trading platform on days when I would normally be buying. But we have a plan and we need to stick to it in order to be successful. On the bright side this has given us some incentive to find new side hustles to keep our portfolio growing.

One side hustle we recently started doing in our spare time is taking surveys. It’s easy to do and has actually turned out well for us on a couple of fronts. First, with both of us doing surveys we have been able to acquire gift cards to places like Walmart and Amazon which has already saved us quite a bit of money on food and household supplies. Second, and more relevant to this post, is that we also have the ability to cash out money earned. This has given us another small stream of income to use for buying dividend paying stocks. It’s not a ton of money but between lowering our out of pocket expenses and being able to consistently buy shares of dividend paying stocks it’s a win win so far! Over time these shares will keep adding up and compounding to help the continued growth of our dividend income stream.

If you are interested in signing up to take surveys we currently use Survey Junkie and you can click the banner below to sign up. And by doing so it also helps support our blog as we will earn a small commission at no cost to you. We have also used Branded Surveys and you can check them out by clicking here.

Here is where our dividend portfolio currently stands:

Symbol# Of Shares
ABBV13.211
ABR2.038
BKH2.016
DOW7.079
FRT4.034
GIS5.067
IBM3.036
IRM11.215
JNJ6.031
K2.018
KHC5.022
KMB2.017
KO2.032
MMM4.024
MO8.187
MPW7.124
O3.048
QYLD16.358
SO2.03
SPTN6.117
T13.316
WEBR50
XOM5

We have continued with our strategy of only adding to existing positions so we can build them up. However, there are a couple of stocks out there that I have been watching so this might change soon. I would like to add one or two more monthly payers if or when the price is right.

Since our last update we have added shares to the following positions: ABBV (1), DOW (2), IRM (1), JNJ (1), KHC (1), MPW (1), QYLD (3) and T (3),

We have also reinvested dividends via DRIP for ABBV, FRT, GIS, IRM, KMB, KO, MO, MPW, O, QYLD, SPTN and T.

And on top of all of this the following companies have announced dividend increases which is like getting a pay raise for doing absolutely nothing. ABBV (+8.5%), ABR (+2.9%), BKH (+5.3%) and XOM (+1.1%) Let that snowball roll!

Make money with covered calls

As you know we have been anticipating an announcement from Weber (WEBR) regarding their aforementioned dividend distribution plan and they finally followed through by announcing a quarterly dividend of $0.04 per share. With this Weber will add an additional $8.00 to our annual dividends starting in December. It’s not a huge amount but it’s what was expected and hopefully it’s just the beginning of a long and prosperous string of dividend announcements.

With purchases, reinvested dividends (DRIP) and the Weber announcement our dividend portfolio now sits at approximately $9,150 and has a yield to cost of 4.52%. This is about a $900 and .35% increase from our last update. Our dividend portfolio will now provide annual forward dividends of about $408 or about $35 per month which is an increase of $58 and $5 per month from our last update. This is pretty good progress from our last update considering the budget constraints and we are slowly moving in the right direction which is all that matters.

Lastly, if you still haven’t tried the free version of Personal Capital click on the banner below and give it a shot. The free version has some very useful tools and is great for tracking your investments and net worth. By signing up you will also help support our blog as we do earn a small commission at no cost to you.

Thank you as always for reading our blog, we really appreciate you taking time to follow us. Please leave a comment below if you have any questions, feedback or if you have a favorite dividend stock and/or EFT’s you would like to share.

Joe

2 thoughts on “Dividend Portfolio Update

  1. Interesting! So you both are officially retired and you have an existing portfolio of over 1.6M which you use to fund your current RV lifestyle.But in addition you are also starting a dividend portfolio? So are you using savings / stock return to convert these into purchases of dividend stocks or solely based on your sidehustles?

    Liked by 1 person

    1. Our dividend portfolio is included in our total portfolio but I break it our on seperate updates because it’s a fun thing to do and I like to watch the progress. When we started it a few months ago it was funded only by our blog/affiliates. Then when we work camped we also added that money in as well because my wife was sill working at the time and it was extra cash. Now that we are both retired and no long work camp we are funding it by our blog/affiliates again and other small sidehustles here and there. This money is not a part of the budget we live off so we are using it to build a passive income stream via dividends. Thanks for reading!

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