No dividend is too small

Another dividend hit my account Monday and, while the $0.10 payment might not allow me to quit my day job anytime soon, it is a welcomed sight.

All the dividends I receive are, regardless of amount. The bigger ones will obviously help me get to where I want to be a little faster, but the smaller ones represent the exact same thing at the end of the day: progress.

Anyway, on to the dividend …

American Airlines

I’m not going to lie … I opened a position in American Airlines (AAL) when I heard Buffett was buying shares of the company. While I wish I could say that isn’t the only reason I picked up a share for $47.59 back in February, it pretty much is the only reason.

I also liked the idea of having an airline in my portfolio. That, and I was after another company that paid quarterly dividends in January, April, July and October. Honestly, though, AAL wasn’t even on my radar until Buffett brought it to my attention.

I love Warren Buffett, by the way. To say he’s the man when it comes to investing would be like saying Picasso was a pretty good painter. It goes without saying, but I figured I’d say it anyway.

This was my second dividend from American Airlines. The last, also for $0.10, came last quarter.

As you can tell from the payment, even though I only own one share, American Airlines doesn’t pay much of a dividend. The $0.40 annualized payment represents an 0.88% yield at today’s prices. Hopefully that will change sooner than later, though, as the company has a dividend payout ratio less than 10%.

Closing Numbers

Today’s $0.10 dividend, my 41st of the month, brought my August total up to $32.41 and my 2017 total to $192.59.

That’s all for today.

March on!

  • shah

    Thank you for posting daily updates on this website! Do you also update the portfolio screenshots every now and then? Is there any way you can integrate excel/google sheets into your portfolio page? I was just curious on whats your total investment in $ as of today. Cheers!

    • Steady Saver

      Thanks for following along! I’ll see what I can do about that. I do need to get better at updating my portfolio. I know there is a way to integrate google sheets, just haven’t sat down and really tried to figure it out yet. It’s on my to-do list. Have a great one!

  • Steve Connors

    Airlines are a high fixed cost commodity product. That possible moat does AAL have to make it anything but a momentum play?

    • Steady Saver

      It’s not really a momentum play, not for me at least. None of my purchases are. I plan on owning AAL for awhile.

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