Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income rose in February, extending the streak to 12 months after February 2009’s decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 26 of the last 27 months.
|Div. Changes YTD||23||0.01%|
The above information covers the current month and year-to-date through the current month.
For the month, annualized dividend income increased $319, and Yield on Cost (YOC) remained flat (0.00%). 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 $315 increase in annual dividend income and no change (0.00%) in YOC related to the following purchases (yield at the time of purchase):
- $165 AT&T, Inc. (T) 6.65% [Analysis]
- $58 United Technologies Corp. (UTX) 2.55% [Analysis]
- $92 Emerging Markets Debt (PCY) 6.47%
T and PCY raised my YOC, while UTX 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 $4 increase in annual dividend income and the flat (0.00%) YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
- ($3) iShares Invest Grade Bond (LQD) $5.73a>$5.69a (0.01%)
- $5 Nucor Corporation (NUE) $0.35q>$0.36q 0.01% [Analysis]
- $2 Emerging Markets Debt (PCY) $1.63a>$1.64a 0.00%
Sales: There were no sales in this month.
I am still on target 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 April.
(Photo: sanja gjenero)