Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income rose in November, extending the streak to 9 months after February 2009’s decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 23 of the last 24 months.
|Div. Changes YTD||(488)||-0.45%|
The above information covers the current month and year-to-date through the current month.
For the month, annualized dividend income increased $193, and Yield on Cost (YOC) decreased (0.10%). This month’s changes were a net of new purchases, dividend changes and sales. Let’s examine each of the these categories:
Purchases: The $226 increase in annual dividend income and (0.09%) decrease in YOC related to the following purchases (yield at the time of purchase):
- $87 Nucor Corporation (NYSE:NUE) 3.38%
- $56 United Technologies Corp. (NYSE:UTX) 2.25%
- $83 Vanguard Inter. Bond (NYSEARCA:BIV) 4.29%
All the above purchases lowered my YOC. As noted in earlier updates, I generally expect YOC to drop each month since most new investments will yield less than my current YOC, and dividend increases will not be sufficient to offset it.
Dividend Changes: The $5 decrease in annual dividend income and (0.03%) decrease in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $5 Vanguard Inter. Bond ETF (BIV) $3.41a>$3.48a 0.00%
- $11 Vanguard Long Bond ETF (NYSEARCA:BLV) $3.90a>$4.00a 0.01%
- $1 iShares Invest Grade Bond (NYSEARCA:LQD) $5.72a>$5.74a 0.00%
- ($20) Eaton Vance Global Dividend Fund (NYSE:ETO) $1.53a>$1.46a -0.02%
- ($2) Emerging Mkts Debt (NYSEARCA:PCY) $1.60a>1.59a -0.01%
Sales: The ($28) decrease in annual dividend income and 0.02% increase in YOC related to the following sale:
- ($28) M&T Bank Corp. (NYSE:MTB) 0.02%
I sold my entire position in MTB after the company announced another $0.70/share dividend. This ensured that 2009’s dividend will be flat with 2008.
I have exceeded my revised estimate of annualized dividend income of $7,000. However, I will fall short of my my original goal of $8,000.
That’s it for this time. The next monthly progress update will be early January.