August was a typical month for me. A couple buys here and there, along with a couple intrinsic boosts by companies I own. I added to my previously established Becton (BDX) position and also a new position in a Canadian oil and gas services company, Pason Systems (TSE:PSI). There were also a couple intrinsic boosts in dividends by the Canadian banks. Always happy to see that, especially in this challenging economic environment.
The annualized dividend now sits well over my 2012 goal, but my "real" annual goal (termed 'Whisper Goal' in reference to whisper earnings numbers) is actually around 10% higher than my upper range, so while I'm not quite there yet, I expect to achieve it easily as a few companies typically raise their dividend in Q4, like Mcdonalds, Becton Dickinson, Emerson Electric, Boeing, and Microsoft.
Becton Dickinson - $54.00
Pason Systems - $88.00
There were no equities divestitures this month.
Intrinsic Dividend Changes
Scotiabank - $4.40 (DRIP reinvested shares)
Scotiabank - $18.16 (quarterly dividend increase of 3.6% from 55 cents to 57 cents)
TD Bank - $5.00 (quarterly dividend increase 6.9% of from 72 cents to 77 cents)
July 2012 Annualized Dividend: $4115.06
+ $142.00 (from new purchases)
- $00.00 (from sales)
+ $27.56 (from intrinsic changes)
July 2012 Annualized Dividend: $4284.62
End of 2012 Goal: $3800 to $4000
Whisper Goal: $4400
I think September might bring some sales for me, as I think some of the investments no longer present an attractive combined yield, dividend growth, and valuation metric.