Today’s dividend: UPS

Today was a pretty productive one. I earned a solid dividend which, for me, means more than $1. I made a handful of purchases, too, but I’ll start with the dividend from UPS.

Today’s dividend

United Parcel Service: UPS passed along a $1.82 dividend payment for the two shares I own ($0.91/share). It brought my March total to $12.84 and my 2018 mark to $97.51.

The company hasn’t produced for me in terms of capital appreciation – my two-share position is currently worth about $217, which is down $10 overall – but the dividend has certainly been holding up its end of the bargain.

UPS hooked me up with four dividends in 2017. All four were for $1.66 ($0.83/share). Today’s, the first in 2018, was for $0.16 more, which equates to a 9.6% raise. Nothing beats a good raise and, while I’ve had better over my short time as a dividend-growth investor, I’ve had a lot worse as well.

UPS’s $3.64 annualized dividend represents a 3.44% yield at current prices. The payout ratio is 59.18% … not low, but certainly not too high.

The company’s been boosting its dividend for eight straight years and, if you’re interested in picking up a share or two, is closer to the bottom of its 52-week range ($102.12) than the top ($135.53) as of this post.

Today’s Purchases

I normally don’t buy stocks on days I receive dividends, but I got a little ancy considering it looked like it was going to be a down day early on. Turns out it was a down day for me, but not nearly as down as I thought (-$30). There are still lots of good deals out there, so I went ahead and pulled the trigger on a few.

Proctor & Gamble: I picked up a share of PG, my third, for $79.59. The purchase lowered my cost-basis to $81.52 and boosted my forward annual dividend income by $2.76. PG has a bunch of great brands and is trading more than 16% off its 52-week high of $94.67.

M.D.C. Holdings:MDC is another stock trading well below its 52-week high (nearly 25% below it, in fact). I bought a share, also my third, for $28.30 to lower my cost-basis to $30.27 and bump my forward annual dividend income another $1.20.

Franklin Resources: I can’t think of a better time to buy shares of BEN. It’s 17.5% off its 52-week high of $47.65 … and don’t forget about the special $3/share dividend that’s going to be paid out along with the regular divi on April 12. The ex-dividend date is March 28, so now is the time to load up. I paid $39.41 for today’s share, lowering the cost-basis on my three-share position to $40.23 and adding $0.92 to my forward annual dividend income.

Combined, the three shares boosted my forward annual dividend income by $4.88. Overall, I’m up to $608.69.

This week’s steps

I increased my forward annual income by $2 thanks to the purchase of CVS on Monday. Tuesday’s dividend from Valero, meanwhile, was my first of the week. It brought me up to $0.80 for the week, $11.02 for the month and $95.69 for the year.

Last week’s steps

I earned at least one dividend every day last week. Royal Bank of Canada ($0.72) passed a little something my way Monday, Fastenal ($0.37) and Lazard ($1.71) paid me Tuesday and Bank of Montreal ($1.46), Ameriprise Financial ($0.83) and Simon Property Group ($1.95) accounted for Wednesday’s steps. I earned a combined $8.51 in dividend income Thursday and another $1.71 from Boeing on Friday.

March on!

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