In the month of May I added only one new stock to DivGro. The good news is that I had another good month as far as dividend income is concerned: I earned $330, compared with $126 earned in May 2013, an increase of 162%!
This month, I invested in PennyMac Mortgage Investment Trust (PMT), adding one more stock to DivGro's holdings in the Financials sector. With an impressive starting yield on cost of 11.27%, the purchase of PMT increased DivGro's projected monthly dividend income from $333 to $358. DivGro now has a market value of $98,339.
Transactions:
Purchases
2014-05-09: BUY 120 PMT @ $20.94
Dividends
2014-05-01: Return of Capital ETP: $93.50
2014-05-07: Return of Capital APU: $105.60
2014-05-09: Cash Dividend Receipt GD: $21.70
2014-05-15: Cash Dividend Receipt VNR: $37.80
2014-05-22: Cash Dividend Receipt CAT: $18.00
2014-05-28: Cash Dividend Receipt TGH: $35.25
2014-05-30: Cash Dividend Receipt PRE: $18.09
Deposits
2014-05-30: JUNE Cash Deposit: $2,500
New Dividends and Dividend Increases:
The purchase of PMT added $283.20 of projected annual dividend income.
BAX's dividend increase added $4.44 of projected annual dividend income.
ACE's dividend increase added $1.92 of projected annual dividend income.
SDRL's dividend increase added $5.76 of projected annual dividend income.
Projected annual dividend income: $4,295.35
Dividend Summary:
Dividend income last month: $167.25
Dividend income this month: $329.94
Total dividend income year-to-date: $1,077.86
Markets:
Apr 30, 2014
DOW: 16,580.84
S&P 500: 1,883.95
10-YR BOND: 2.65%
May 31, 2014
DOW: 16,717.17
S&P 500: 1,923.57
10-YR BOND: 2.46%
Portfolio: The following spreadsheet shows the state of DivGro on May 31, 2014:
Looking Ahead: I have enough funds for a single purchase, which would be the 31st stock purchase for DivGro. I'm still hoping to find a good candidate in the Materials sector. I'll be updating the Performance page with this month's information soon.
How did your portfolio do in May?