Lear paid me my biggest dividend to date

Lear dividend

Blogging is hard.

Not necessarily turning thoughts into type – I can talk about investing all day long and, while I’m not the best typist out there, I can usually manage to peck and poke my way to something somewhat coherent. No, it’s not actually blogging that’s hard … it’s doing it consistently.

So, how can I stay on schedule without really having a schedule? It’s a question I’ve been kicking around lately. This blog deserves so much more than I’ve put into it, but I have a job and a family, ya know. I’m mildly obsessed with investing, but I have a life outside of it. How can I stay organized and keep you guys updated without a weekly or monthly post?

Well, one way that sorta worked for me in the past was to pump out a post every time I made a purchase or earned a dividend. It worked pretty well for me so I think I’m going to go back to that for a bit and see how things go. Sound good? Let’s see it shakes out. Some weeks I might post every single day and some weeks I might not post at all. The good thing about posting every time I receive a dividend or make a purchase, though, no matter how frequent or infrequent, is that you’ll never miss a thing. If I’m not posting, it means I’m not earning dividends or adding shares. If and when I do, you’ll know about it.

Sound like a plan? Yeah? Good. Well, why don’t we get this new “schedule” started right about … now.

Today’s Dividend: Lear

Today’s dividend, $3.75 from Lear (LEA), hit my account before the market opened. I own five shares … shares which earn me $0.75 each quarter. It’s my first dividend from the company since I relaunched my march toward a $1,000,000 portfolio. It’s also the biggest single-day haul I’ve had yet. I know it’s not much, but it’s something to build on for sure.

Lear, which is a solid way to get exposure to the auto industry without investing in a particular manufacturer like Ford or GM, makes up 6.08% of my portfolio. I bought my five shares at an average cost of $109.91 and, as of today’s close, those shares are worth $606.90. That’s a gain of $57.33 (10.43%). Not bad considering I bought my first share on Aug. 8, which wasn’t all that long ago.

Today’s dividend bumped my monthly total to $16.86, which is already considerably more than the combined $6.87 I earned in August and waaaaaayyy more than the $1.88 I got in July.

Anyway, back to Lear. I like the company. It makes seats and electrical components for all the major brands. It’s also an up and coming dividend stock to say the least. It’s raised its dividend for each of the last seven years, most recently at an average rate of 38.14% over the course of the last three. As if that’s not enough to raise some eyebrows, its current $3 annualized dividend comes with a really low 21% payout ratio. In other words, the dividend, which is pretty good now (2.42%), should be even better in the future.

March with me

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