Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in December, extending the streak to 6 consecutive months of increases after June 2010′s decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 35 of the last 37 months.
|Div. Changes YTD||-31||-0.01%|
The above information covers the current month and year-to-date through the current month. Click here for a detailed historical progress table.
For the month, annualized dividend income increased $529, and Yield on Cost (YOC) was up 0.01%. This month’s changes were a net of new purchases, dividend changes and sales. Let’s examine each of the these categories:
Purchases: The $903 increase in annual dividend income and 0.05% decrease in YOC related to the following purchases (yield at the time of purchase):
$284 MLP Infrastructure ETN (NYSEARCA:MLPI) 5.30%
LEG, UHT and MLPI increased my YOC, while ABT lowered it. 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 $43 increase in annual dividend income and the 0.02% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
$5 U.S. Preferred Stock Index (NYSEARCA:PFF) $2.30a>$2.32a
Sales: The $417 decrease in annual dividend income and the 0.02% increase in YOC related to the following sale:
- ($417) Emerging Mkts Sovereign Debt (NYSEARCA:PCY)
I am pleased that I was able to reach my revised goal of $11,000 in annualized dividend income by December 31, 2010. To see my 2011 goals click here.
That’s it for this time. The next monthly progress update will be early February.