More Dividends Update from November 2019
All work and no play makes Jason a dull boy. Well, unfortunately during most of November I was a dull boy. I picked up a lot of overtime hours during the month and continued to bank more money. At this point, I have almost maxed out my RothIRA so I will continue to just sit on cash until I see some good opportunities out there.
I hope that everyone had a great Thanksgiving! I was able to gather with family and celebrate with a lot of delicious food.
Instead of following the masses and going out shopping on black friday, I decided to go hiking up in the mountains. After I edit some of the pictures from the trip I intend to post them soon!
Until then, let’s take a look at what all has been going on in the portfolio since last month.
Stock Additions
While I have been putting money into my brokerage account because the markets have been at all time highs I have chosen not to invest in anything yet. I will keep stockpiling the cash until I see some good opportunities to invest.
Dividends Received
My dividend income for the second month of the quarter should have still been increasing but because of circumstances outside of my control that was not the case. When WestRock (WRK) announced their dividend it stated that the dividend would not be paid until December. I am not sure if the company will continue to pay the dividend during the last month of the quarter or if this was a one time event. Regardless my quarter over quarter income actually saw a small loss as a result of it. It is not a huge concern to me because it isn’t like the company quit paying their dividend all together.
Apple (APPL) – $1.59 – Reinvested
General Mills (GIS) – $9.14 – Reinvested
Hormel (HRL) – $2.52
Realty Income (O) – $6.31 – Reinvested
Omega Healthcare Investors (OHI) – $28.14 – Reinvested
Procter & Gamble (PG) – $5.42
STAG Industrial (STAG) – $1.31
AT&T (T) – $25.50 – Reinvested
November was the second month of Q4 and accounted for $79.93 of my 2019 Dividend Income.
In total during 2019, I have earned $815.27 in dividend income!
So far my dividends received looks like this
Dividends Received By Year
Year over year, I saw a -1.11% decrease in dividend income. The whole reason for this was the movement of the WestRock dividend. Overall, it will not affect my dividend income for the year so I am still ok with it!
Portfolio Allocation
With no new additions to the portfolio all of the changes that you see here were all caused by the fluctuations in the market. With the markets at all time highs, I am looking more at my portfolio allocation as I am considering my next purchases.
Current Portfolio
The portfolio is doing great. With each reinvested dividend I am seeing more and more of the compounding effect! I am very excited to continue to see this portfolio grow through smart acquisition.
MoreDividends.com Articles
Here are the 6 articles that I posted on MoreDividends.com during November from oldest to newest.
Emerson Electric Increases Their Dividend 2%
More Dividends Update from October 2019
Millionaire Success Habits by Dean Graziosi
WestRock Increases Their Dividend 2.2%
Daily Hacks You Can Use to Save More Money
Hormel Increases Their Dividend 10.7%
How to Manage your Money Better in 2020
If you are interested in posting a guest post, just head over to the Contact Page and send me a message.
Conclusion
Overall it was an alright month. I continued to produce and reinvest some dividend income. I am building up my cash reserves for the time when I can find some good buying opportunities. I am continuing to build onto More Dividends and to grow the blog and awareness.
You have heard about what has been going on here lately! Leave me a comment down below and let me know how your portfolio performed during the month of November.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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Glad to see you had a nice month MD! Like you, T and OHI were my dividend power hitters this November. Looking forward to seeing a T dividend increase this month. Keep up the great work! 🙂
My Dividend Dynasty recently posted…November 2019 Dividend Income
Very True. T and OHI were definitely my heavy hitters! I will continue to hold to them and let those positions grow over time! Thanks for stopping by!
November was another steady as she goes month. Our FI Portfolio showed strong quarter over quarter and year over year growth and we continued to put capital to work with DCA now that commissions are zero for just about every US based investor. You’ve got to love that! Keep it up and finish the year strong. Hopefully Mr. Market will give you some opportunities this month to put some of your cash to work!
JC recently posted…Dividend Increase | Becton, Dickinson & Company (BDX)
That is great. Yeah, I love the $0 trade fees. Hopefully some opportunities do arise in the markets! Thanks for stopping by JC.