Friday, September 7, 2012

Dividend Growth Portfolio, August 2012 Update

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.

New Purchases
Becton Dickinson - $54.00
Pason Systems - $88.00

Sales
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.

2 comments:

  1. Our banks always find ways to boost their earnings :0) I recently sold some energy stocks because I thought they were starting to get over valued. I don't see how the US stock market can maintain it's upwards momentum with all the troubles going on in the world.

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    1. its true. canadian banks are always find ways to bring in more revenue thru traditional banking, by increasing deposit requirements, or raising fees, etc. great as a shareholder, but rather annoying as a customer, esp since they do it all in tandem!

      i try to stay very defensive with my energy and commodities sector investments by going with big diversified producers (major integrated oils), companies that move the commodities (rails). i went into PSI because their dividend history is incredible but my positions is relatively small

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