Today’s dividends: combined $3.85 from 5 different companies

“To grow your wealth to a secure and comfortable retirement, you should invest in individual stocks in companies that dominate their industries and have a long history of high dividend growth.”

Roxann Klugman

While I haven’t read Roxann Klugman’s book (The Dividend Growth Investment Strategy: How to Keep Your Retirement Income Doubling Every Five Years), I have to admit … she seems like a pretty smart woman. 

I say that because, well, I agree with her. When I started my March toward a $1,000,000 portfolio, I had no idea how I was going to get there.

Now I do … and it’s by investing in the type of companies Klugman’s referring to in her quote. Companies like Johnson & Johnson, 3M and UnitedHeathcare. All three are giants in their respective industries – JNJ is a major player in the pharmaceutical space, 3M is an industrial behemoth and UNH is a dominant figure in health care –  and all three have great dividend track records.

All three were nice enough to pay me dividends today, too.

Today’s Dividends

Johnson & Johnson: JNJ passed along an $0.84 dividend for the one share I own. It’s been a good stock for me since I opened a position last November. The share price has jumped nearly $30 (23%) and the company offered up a dividend raise, boosting its payout from $0.80 to the current amount a few quarters ago. As for that dividend, JNJ has been committed to it for a long, long time. How committed? Well, it’s raised it for 54 consecutive years.

3M: Did someone say dividend raise? As if Johnson & Johnson’s track record wasn’t good enough, MMM’s is even better. The company’s raised its dividend for 58 straight years. Today, it paid me a $1.18 dividend for the one share I own – a share I picked up for $175.95 a year ago. Since then, that share has jumped more than $60 (35%). Can’t argue with that.

UnitedHealthcare: Like MMM, UNH has had a monster year. I bought my one share in February and it’s up about $60. All the while it’s dished out a growing quarterly dividend. The last time UNH boosted its dividend, back in June, it raised it from $0.63/share to today’s rate of $0.75/share. That’s a 19% raise, people!

See … looks like good ol’ Roxann knows what the heck she’s talking about. I also received dividends from Valero (VLO) and Gamestop (GME) for respective amounts of $0.70 and $0.38. Neither have the pedigree of the three companies I already mentioned, but both have pretty nice yields to make owning them worthwhile.

I hauled in a combined $3.85 from the five different companies today, boosting my December dividend income to $19.28 and my 2017 mark to $336.83.

Today was also the sixth straight day I received at least one dividend. Since my last post (Thursday’s bit about the $0.35 Discover sent my way), I collected $1.15 from Amgen and $0.30 from Yum! Brands on Friday, $3 from IBM on Saturday, $3.72 from Target on Sunday and $0.77 from Exxon Monday.

March on!

2 Responses to “Today’s dividends: combined $3.85 from 5 different companies

  • Dividend Farmer
    4 months ago

    Hi Ben,
    I always enjoy stumbling upon new Dividend Growth blogs. I’m intrigued and grateful for people who are willing to present their personal financial information publicly and I’m curious about what makes another DGI investor successful. You have made some good progress and present your totals in an interesting way.

    My wife and I are dividend growth investors (have been for about 20 years and mutual fund investors for the 10 years before that), and for what it’s worth, we happen to be millionaires too.

    I’m going to offer a blunt observation. You’ve got too many positions for a $26,000.00 portfolio. You have some good companies. And you have some that are rather questionable. You should take the time to figure out which is which. You might think it’s fun to get over 600 dividend payments a year, but the bookkeeping alone is a huge time suck, never mind properly evaluating your portfolio. You’d be better off at this stage with 10 positions of about $2,500 each.

    As you get older you will learn that time is your most valuable asset. No matter how much money you get, you cannot buy more time.

    Your bio says you have credit card and consumer debt. That really needs to be gone, especially the credit card debt as it will likely have percentage costs that exceed the returns you can expect with your portfolio. Concentrating on that will get you more money to invest faster.

    Read. Read a lot.

    I was surprised from your post that you had not read Roxann Klugman’s book from which you took the quote. If you haven’t yet, you should. It’s a good book, but admittedly not a great book, yet still worth the time. You may find the following list of books helpful in honing your DGI skills. Check them out from the library.

    The Little Book that Beats the Market by Joel Greenblatt – A quick and meaningful read.
    One Up On Wall Street by Peter Lynch – helpful insights into buying what you know.
    The Single Best Investment by Lowell Miller – useful underpinnings for DGI.
    Bogle on Mutual Funds by John Bogle – Ironically, this is the book that accelerated my switch to DGI.
    The Intelligent Investor by Benjamin Graham – Time tested treatise on value investing
    Dividends Don’t Lie by Geraldine Weiss and Janet Lowe – This is the original DGI book (The follow-up book Dividends Still Don’t Lie by Kelley Wright is still on my to-read list but coming soon.) A unique integration of dividend and value investing.
    The Snowball Effect by Timothy McIntosh – The first three chapters are all you really need
    The Strategic Dividend Investor by Daniel Peris – He brings an unusual historical and foundational perspective of DGI. I will be reading this one again soon.
    Reading these books will not only make you a better investor, but likely a better blogger as well.

    • I really, really appreciate you taking the time to post such a thoughtful comment. You’re where I want to be, so I’m definitely going to take your suggestions to heart. Thanks for the insight, and list of resources! I think your comment will help me and anyone else who stumbles upon my blog.

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