October portfolio update

I was paid $38.27 in dividend income from a combined 44 different companies spread out across 19 of the month’s 31 days.

Yup … that pretty much sums up my Dividend Farm’s October.

The highlight came just a couple days ago, Oct. 27, when I received a single-day record $10.64. You can read about that here. Almost all of it came from one company, New Residential Investment Corp. (NRZ). I boosted my position big time thanks to an addition-by-subtraction transaction I’m pretty pleased with. I don’t mess with my portfolio much, other than adding to it, but I made an exception, which you can read about here, just this once.

Here’s a rundown of the specifics – the dividends and the purchases – from October.

October’s Dividends

  • Oct. 1: $0.57 for 1 share of ADP.
  • Oct. 2: $0.43 for 1 share of BIP, $0.51 for 1 share of EMN, $0.37 for 1 share of KO, $0.24 for 1 share of HRB, $0.68 for 1 share of GPC, $0.34 for 1 share of COH, $0.18 for 1 share of NKE and $2.76 for 6 shares of DOW.
  • Oct. 3: $0.39 for 1 share of TU and $0.97 for 1 share of KMB.
  • Oct. 4: $0.27 for 2 shares of HPQ.
  • Oct. 5: $1.36 for 2 shares of TUP and $0.58 for 1 share of DPS.
  • Oct. 6: $0.47 for 1 share of MRK.
  • Oct. 9: $0.07 for 1 share of HPE.
  • Oct. 10: $0.78 for 1 share of ITW, $1.10 for 2 shares of OMC, $0.34 for 1 share of BBY and $0.66 for 1 share of MO.
  • Oct. 12: $0.60 for 1 share of RCL.
  • Oct. 13: $0.20 for 1 share of BEN and $0.36 for 1 share of LEG.
  • Oct. 15: $0.92 for 2 shares of CAH and $0.82 for 1 share of SRE.
  • Oct. 16: $1.01 for 1 share of WPC, $0.35 for 1 share of RSG, $0.16 for 1 share of FITB, $0.34 for 1 share of POR, $0.50 for 1 share of CINF and $0.83 for 1 share of DTE.
  • Oct. 18: $0.45 for 1 share of DGX.
  • Oct. 23: $0.46 for 1 share of MDT.
  • Oct. 24: $0.94 for 2 shares of MKC.
  • Oct. 25: $4.35 for 15 shares of CSCO, $0.16 for 1 share of CMCSA, $0.23 for 1 share of GPS and $0.72 for 3 shares of GE.
  • Oct. 27: $0.31 for 1 share of FL, $0.33 for 1 share of SYY and $10.00 for 20 shares of NRZ.
  • Oct. 30: $0.35 for 1 share of CPB.
  • Oct. 31: $0.25 for 1 share of XRX and $0.56 for 1 share of JPM.

October’s Purchases

I made a handful of purchases this month – purchases which, I’m happy to report, helped me meet my monthly goal of boosting my forward annual dividend income by at least $10.

Here’s the rundown:

  • Oct. 9: 1 share of KR for $20.22.
  • Oct. 11: 1 share of KR for $21.48.
  • Oct. 12: 1 share of AYR for $23.96.
  • Oct. 27: 1 share of CVS for $68.82.
  • Oct. 30: 1 share of IBM for $153.96.

I bought Kroger and Aircastle as new positions, ballooning my collection of March/June/September/December quarterly dividend payers from 43 to 45. Aircastle, which dishes out an annualized dividend of $1.04, has a yield of 4.49%. Kroger, meanwhile, has a 2.43% yield thanks to its $0.50 annualized dividend.

I bough the share of CVS when the price slipped more than 5% on rumors of the Aetna buyout. The move, while it would straddle the company with some serious debt initially, seems like it would be a good one in the long run … and I always, and I mean always, invest for the long run.

The IBM buy, finally, was a pure and simple cost-basis play. I had one share prior to the purchase, which I picked up awhile ago for more than $170. Doubling my position with another share for just over $150 lowered my cost basis considerably. I also like the company’s odds to transform the business to more of a cloud computing/blockchain player. IBM has morphed its model successfully in the past. I don’t see any reason why it won’t be able to do it again.

Thanks to IBM’s $6 annualized dividend, coupled with the $2 from CVS, the $1 from the two shares of Kroger and the $1.06 from Aircastle, I reached my goal, barely, by adding $10.04 in forward annual dividend income this month.

DIY DRIP

I bought a share of Cisco (CSCO) for $34.19 with my October dividend income. Cisco has been a favorite of mine for some time. I now have 16 shares worth a combined $545.76 (3.69% of my portfolio).

Coupled with my last three months of DIY DRIPs (something I started in July), I have a basket of stocks worth a combined $119.29 that shells out $4.70 in annual dividend payments. As I continue to track my DIY dividend-reinvestment plan, I’ll really be able to see the power of compound interest.

If you’ve missed my last several portfolio updates, here are a few to peruse if the mood strikes you:

If you like what I’m doing and want to try it out for yourself, sign up for Robinhood and buy as many stocks as you want completely and utterly free of charge. Use my link, which you can find here, and we’ll both get a free stock.

Also, like my Facebook Page and follow me on Twitter @marchtoward1mil if you haven’t already.

Thanks for reading, guys. Have a great November and, as always, march on!

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