Wow! November was incredible as far as my dividend portfolio was concerned. The market continued its climb higher and took my portfolio with it – a nice increase in value. In addition, I had some impressive YoY dividend growth, and just like last month, more healthy dividend increases. Let’s see what happened…
The total was $442.33… a tad lower than last month’s total, but a hefty 61.87% increase compared to the same month last year.
Ten companies paid me a dividend this month. The largest amount came from OHI, a health care REIT. The least came from CTSH, a tech position initiated earlier this year.
The 2017 amounts from OHI and O were boosted by additional purchases over the past year.
The increases from PG, FAST, ABBV and MAIN were a result of dividend increases and reinvested dividends over the past year.
The large YoY increase in the total mainly came courtesy of 4 new dividend payers (CVS, HRL, APD, CTSH). CVS provided the largest new Nov. dividend at just over $50, while CTSH brought up the rear at roughly $15.
My Linear Tech (LLTC) position was closed out over the past year, thus no dividends compared to last year. LLTC was acquired by Analog Devices (ADI), but I decided to sell just before the acquisition was completed, as opposed to taking the cash & ADI stock.
November turned out to be another terrific month for dividend increases. I had 5 companies raise their dividend. This was a reduction compared to the amazing 8 that I saw in October, however, these 5 raises nearly resulted in an annual forward dividend increase comparable to October. AL and SBUX were the stars, with AL delivering a stellar 33.3% increase, and SBUX boosting their dividend by 20%. UNP, NKE and HRL were impressive, too, with all in the neighborhood of 10% raises. Check it out…
These raises contribute a total of $93.99 to my annual forward dividend income! Just like last month, I came up shy of the $100 mark. I was thinking Quest Diagnostics (DGX) might announce an increase in late November, too, pushing me over that $100 mark, but DGX instead held the dividend steady. I now expect the DGX increase will come in February. Last year DGX raised their dividend a quarter early in November, and a February announcement would put them back on their usual schedule.
Awesome stat –> I’d have to invest $3,715 at my portfolio’s average yield of 2.53% in order to equal the same boost to my annual forward dividend income that these dividend raises provide.
Before we wrap November up, I must acknowledge that it was superb with regard to stock price increases also. My portfolio total increased by nearly $13,000, not counting the one purchase this month. In conjunction, my portfolio yield dropped from 2.60% to 2.53% this month (won’t get that without some strong upward price movement). Throw in the nearly 62% YoY dividend income increase, and some sweet dividend raises, and it seems like Christmas came early this year.
How were November dividends for you? What stood out for your portfolio? Do you plan to adjust anything in the portfolio before year’s end? More purchases? Tax loss harvesting? Please share…