Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income rose in January, extending the streak to 11 months after February 2009′s decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 25 of the last 26 months.
|Div. Changes YTD||19||0.01%|
The above information covers the current month and year-to-date through the current month.
For the month, annualized dividend income increased $267, and Yield on Cost (YOC) decreased (0.08%). This month’s changes were a net of new purchases and dividend changes (no sales). Let’s examine each of the these categories:
Purchases: The $248 increase in annual dividend income and (0.09%) decrease in YOC related to the following purchases (yield at the time of purchase):
- $84 Harleysville Group Inc. (HGIC) 4.05% [Analysis]
- $94 Sysco Corp. (SYY) 3.45% [Analysis]
- $70 Vanguard Intermediate Bond ETF (BIV) 4.33%
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 $19 increase in annual dividend income and 0.01% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- $1 Canadian National Railway Company (CNI) $0.236q>$0.241q 0.00%
- $1 iShares Invest Grade Bond (LQD) $5.71a>$5.73a 0.00%
- $13 Sysco Corp. (SYY) $0.24q>$0.25q 0.00%
- $4 Emerging Markets Debt (PCY) $1.61m>$1.63m 0.01%
Sales: There were no sales in this month.
After one month, I still expect to achieve my goal of an annualized dividend income of $9,500 by December 31, 2010.
That’s it for this time. The next monthly progress update will be early March.
(Photo: sanja gjenero)