Portfolio: October 2018

It’s time for the monthly update on my crop’s progress which is important as a Dividend Farmer.  Since the September update, there have been no major events adversely affecting my current holdings.

Although I monitor news articles and blogs for activity that might be unfavorable to my basket of stock, I’m not checking ticker prices on a daily basis.  Doing so invites a level of consternation I don’t need.  Instead, each investment is reviewed monthly to update dividend increases, price changes, and increases in stock quantities due to reinvested dividends paid during the month.

Not many changes relative to last month and no additions to principle.  However, due to dividend reinvestments in some segments, but not others, the percentages across segments have shifted slightly.  For instance, REITs were my top holding last month, but slid into second position in October.  Telco and Finance swapped rank order this month as well.  

The yield relative to current price dipped from 3.86% in September to 3.82% in October due to stock price increases across various holdings.  All dividends are automatically reinvested with no transactions fees.  Unweighted average yield on cost is approaching 4.6%; nearly 1% higher than yield on price.

The average monthly dividend from this basket is approaching $1,100.  That won’t pay all the bills, but it’ll put a nice dent in them if needed.  With a trailing 1-year CAGR of 10.6%, the long-term dividend farming strategy embarked upon 8 years ago is approaching the point of critical mass.  If you check out the Compound Growth post you’ll gain a sense of what I mean.

The thoughts and opinions expressed here are those of the author, who is not a financial professional.  Opinions expressed here should not be considered investment advice.  They are presented for discussion and entertainment purposes only.  For specific investment advice or assistance, please contact a registered investment advisor, licensed broker, or other financial professional.