August 2019 Dividend Income: "David, No!" "David, YEEESSSS!!!"

Some in my family have raised concerns and objections about these dividend posts.  It may seem odd that this comes up more than a year after I started, but I think the impetus was the unclaimed property, where the numbers featured were a bit larger (though in the grand scheme of things, it wasn't that big).  The fear largely centers around hacking/identity theft.  The thought is that these posts will draw the wrong kind of attention. I get it. I do want to go on record and say that the objections were duly noted and I did take the "stop doing them" suggestion under advisement.  As you can see, though, I have decided to push forward. 

So, yeah, onward and upward as they say.

Alright, with all that out of the way, let's get to the good stuff; the material you really came here for: the dividend income for August.  As has been mentioned before, the mid-quarters are my big payer.  There's a lot to cover, so let's dive in.

AT&T (T): $1.05  Up a penny from last quarter due to reinvestment
AGNC: $0.16       Same as last month
Sprague Resources (SRLP):  $3.71    Up $0.13 from reinvestment
Hormel (HRL): $0.43   Up a penny from reinvestment
Kinder Morgan (KMI): $0.75
Omega Healthcare (OHI): $2.09   Up $0.04 from reinvestment
Realty Income (O): $0.70   Same as last month
Senior Housing (SNH): $0.15  Same as last quarter
Tanger Factory Outlet Centers (SKT): $1.07
Westrock (WRK): $0.91
Paychex (PAYX): $1.27 Up a penny from reinvestment
Arconic (ARNC): $0.02   Same as last quarter
Barnes and Noble (BKS) $3.08  Up $0.09 from last quarter due to reinvestment.
Publix paid $1.27 in dividends.  The non-401K portion remained $0.30, while the 401K shares threw in $0.97 in dividends.  The latter number is up $0.25 from last quarter.  This is due to reinvested dividends as well as some of my contributions going to more shares in the company.

The 401K also added another $0.44 in dividends (up $0.08) courtesy of one of the other funds.

That brings the non 401K dividend total to $15.69.  If we include the 401K, the total jumps to $17.10.  It's another record and just shy of the $20 threshold.  I'm pretty confident I'll have that beat by November.

Bank interest threw in $3.46 of passive income, which is up $0.74 from last month.

Sadly, this is going to be the last time you see Barnes and Noble featured on this list.  They were bought out by some hedge fund and became privately owned.  I, myself, voted against this arrangement, as Barnes and Noble was the passion project of the portfolio.  You could say that this was the company I was most invested in.  Sadly, the other shareholders didn't think the same way.  It's odd too, as by the time the form went out for us to cast our vote, the stock was worth more than what the hedge fund was offering.  I was certain that no one was going to take that deal, but here we are.  You did a dumb, shareholders.   You did a dumb.

I have no idea how to go about getting the company back into the public market, but I hope it happens.  This not being a Barnes and Noble shareholder thing isn't working for me.  I need my stake in the company back. Seeing as the deal just went through, I think it's safe to say it's going to be a while so I guess I'm just going to have to get used to it....for now.

In addition to a plethora of dividends that got reinvested.  This was a pretty active month on the stock buying front, with 4 purchases under the belt.

The first was a share of Pepsi (PEP).  A bit pricier than what I'm used to, but a great brand.  Now, when I use the vending machine at work, I can not only quench my thirst, but fund my own future.  See, tactics.

The second was 5 shares of Sprague Resources (SRLP).  I haven't really gone back to this company.  The thing that drew me to it in the first place (low cost, big dividend) suddenly became the reason I decided to keep my distance. However, with the loss of Barnes and Noble, I had to make up that loss in forward income.  With the money I got from the hedge fund, this was the only company that could allow me to do that.  On the plus side, it not only succeeded in that goal, but also boosted the number higher than it was before.

The third purchase was 3 shares of Franklin Resources (BEN).  I picked these up after that 800 point drop in the market.  An affordable dividend aristocrat and a company that I knew DIDN'T pay in the mid-quarter month.  I figured it was worth nabbing a few more shares.

The fourth and final purchase was 4 shares of Bed, Bath, and Beyond (BBBY).  Like the prior, this was a post-dip purchase, though it did happen at a later date.  This also doubled as a "work annoyed me" purchase, so hooray for multi-tasking.

All in all, this was a good month, Barnes and Noble loss notwithstanding.  A lot of forward progress with some interesting curve balls thrown in. 2019 is going into its third trimester.  It should be interesting to see where things go as we move closer to year's end.

                                                                                                    

"stock dividend" by CreditDebitPro is licensed under CC BY 2.0 

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