That’s right, I’ve made it past a huge milestone today of 10,000 in forward dividends. That means my portfolio will pay out over $10,000 in dividends over the next 12 months not counting any additional purchases or increases to dividends.
I had a trigger set up for AT&T when it hit a certain yield put that went off today. I decided to take advantage of weakness and purchased a full-sized position of 200 shares at a cost/share of 34.01. I see a lot of support at this area for AT&T and another .01 dividend increase should happen fairly soon. CFRA, formally S&P Capital IQ, has them rated as a buy with a 12-month target of $42. I see upside potential here and a nearly 6% dividend to boot. I’m happy parking some money here for a while.
Below is from my dividends tab. Now, I don’t post nearly as often as I used to about my trades, and I hope to change that, but I do keep my portfolio and dividend page updated in real-time. I use my google sheet to check my stock values all the time so these pages stay very updated. You can see in red the companies that have already increased their dividend this year with the purple highlights last year’s increase in that month.
You might also notice the dividend weight column. This is an interesting metric I like to look at as well. It might be concerning to some that nearly 30% of my dividend income comes from 3 stocks, MO, OHI and RDS-B. However, these 3 companies only make up 18% of the value of my portfolio. So you can see how the high/low yields can drastically change the dividend weight. For instance, V is currently a 5.79% weight in my portfolio for value but only 1.24% of the dividend weight due to the smaller yield.
How is everyone else doing? My next stop will be $1,000/mo in income or $12,000 year. I hope to hit that mark in the springtime.