Oh, my my. Oh, hell yes. You've got to put on that party dress because we just finished a mid-quarter! Where most dividend investors shine in the third month of each quarter, I thrive in the second.Maybe it's because I'm the middle child, or maybe it's a contrarian non-conformist thing; I don't know. In any event, it is what it is and I'm certainly not complaining. With that being said, let's get to it, because there's quite a bit to cover.
Campbell's (CPB): $0.12 (+$0.08 QoQ)
Hormel (HRL): $0.78 (+$0.02 QoQ, +$0.07 YoY)
AGNC: $0.32 (+$0.03 QoQ, +$0.19 YoY, +$0.01 from last month)
Tanger Factory Outlet (SKT): $0.36 (-- QoQ, -$1.17 YoY)
Kinder Morgan (KMI): $1.48 (+$0.07 QoQ, +$0.39 YoY)
STAG: $0.01
AT&T (T): $3.42 (+$0.50 QoQ, +$1.78 YoY)
Verizon (VZ): $0.12
People's United Bank (PBCT): $0.37 (+$0.01 QoQ)
Invesco High Dividend Low Volatility ETF (SPHD): $0.04
GlobalXSuperdividend (SDIV): $0.04
Proctor & Gamble (PG): $1.03 (+$0.16 QoQ)
Realty Income (O): $1.07 (+$0.05 QoQ, +$0.10 YoY, +$0.02 from last month)
Main Street Capital (MAIN): $0.02
General Dynamics (GD): $0.03
Omega Healthcare (OHI): $3.11 (+$0.05 QoQ, +$0.88 YoY)
Papa Johns (PZZA): $0.02
Paychex (PAYX): $1.43 (+$0.10 QoQ, +$0.13 YoY)
Wisdom Tree US Midcap Dividend Fund (DON): $0.01
Westrock (WRK): $1.01 (+$0.17 QoQ, +$0.19 YoY)
Starbucks (SBUX): $0.07
Sprague Resources (SRLP): $10,63 (+$0.96 QoQ, +$2.12 YoY)
Publix: $16.74 (+$7.56 QoQ/YoY)
That brings the sub-total to $42.23, up a little over $10 from last quarter. Publix had a pretty big hand in that. Not only did they hit me with that sweet stock, but they followed that up with a 15% dividend increase, a pretty sweet 1-2 punch if I do say so myself.
They weren't the only ones. Westrock, Paychex, and Kinder Morgan brought increases of their own. It was a pretty bangin' month on that front.
Sprague Resources brought another highlight for the month, breaking the double digit barrier. I thought for sure that DRIP was going to carry me over the threshold, but the projected payment came out to $9.96. I could have just waited another quarter, but I didn't want to; hence the single share buy I made back in February.
I also got my first Papa Johns dividend. It's not huge, but I still got a strange kick out of it.
Enjoy that AT&T number while it lasts. It'll likely go down next quarter. Big merger deal with Discovery, you may have read about it. A lot of shareholders jumped ship, but I'm holding on. DRIP is still going and we'll see how that works out. It wouldn't be the first position to cut, so I'm not quite as rattled as some. Oddly enough, the projected estimated cut puts the yield and payout ratio into much safer and more comfortable territory, so you could argue that this works better long term. It still sucks that the aristocrat streak is over. In hindsight, they should have done it last year when the pandemic was gearing up and everybody was cutting. It would have made for a nice cover. Doing it now when dividend growth is back doesn't look so good. But, what's done is done, so we'll see how things play out there.
We're not done yet. We still have 401K numbers.
Publix: $3.71 (+0.98 QoQ, $1.52 YoY)
Baird Aggregate Bond Fund: $0.89 (+$0.08 QoQ)
401K sub-total comes to $4.60.
All in all, that brings the total to $46.83. Bam ba lam, whoa black Betty. That is up $11.15 from last quarter's record. Obviously, Publix had a lot to do with that, but DRIP and Robinhood buys did allow for growth in a lot of the positions. Really, the only slacker here is Tanger. They really need to get in gear.
Interest clocked in at $2.58 for the month.
Pretty light month as far as buys go. I only had 2 rounds of Robinhood buys (which you can read about here and here) and I bought a share of ViacomCBS. We're coming to that period of the year where I tread fiscal water due to being in the off-season. It's moderately annoying, but I am trying to use the increase in downtime to get caught up on some other things.
On the plus side, the portfolio has been updated, so be sure to check that out.
So, going into 2021, I was anticipating three major 2020 related aftershocks. The first was no United Way contributions. There was no deduction in this year's first paycheck, so I was worried that something went awry. That fear turned out to be unfounded as the second one did include the new contribution amount I had set up. The second was no Publix stock. As I noted back in March, I came up short as far as meeting the requirement, but the company came through anyway. That's two dodged.
The third and final one seemed undodgeable and that was "taxes taxes taxes". I had heard from a few sources that, while the $1,200 economic impact payment wasn't taxable income, it was an advance on your return. As such, I was anticipating having to pay it all back. I barely made any IRA contributions last year and my withholding is borderline. Thankfully, I was able to squeak out a $27 return. This was negated by the tax software requiring me to pay $90 to utilize it (note: selling stock makes filing your taxes an even bigger pain the arse than it already was). While it was a net loss, it was still a heck of a lot better than I was expecting it to be. I'd say things worked out pretty well, all things considered.
This was a pretty eventful month. Broke a record, came close to the $50 threshold, and had a few increases to boot. It does make for a nice finale for the season.
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