As I'm writing this blog post, it's Friday, April 25th. The temperature here in Central Wisconsin is set to reach a high of 57 degrees Fahrenheit later today. This weekend is set to log highs reaching into the low-60 degrees Fahrenheit range. Better yet, those days are expected to be sunny.
Now that the month is almost over, I will go over my stock purchases and sales for April 2025. Without further ado, let's dive into it!
Stock Purchase #1: Brookfield Asset Management (BAM)
The first stock that I purchased in April 2025 was 11 shares of Brookfield Asset Management at an average price per share of $48.74. Interested readers can find the gist of my investment thesis in my April 2025 Stock Watch List blog post. This transaction boosted my net annual forward dividends by $19.25, which equates to a 3.59% dividend yield.
Stock Purchase #2: Enterprise Products Partners (EPD)
The next stock that I added to during the month was 16 units of Enterprise Products Partners at an average cost of $34.15 a unit. Again, curious readers can peruse my investment thesis in my April 2025 Stock Watch List blog post linked above. That lifted my net annual forward distributions by $34.24, which works out to a 6.27% distribution yield.
Stock Purchase #3: Nvidia (NVDA)
The third stock that I purchased in April 2025 was five shares of Nvidia at an average price per share of $108.11. The investment thesis for NVDA can also be checked out in my April 2025 Stock Watch List blog post. This raised my net annual forward dividends by $0.20, which is equivalent to a 0.04% net dividend yield.
Bonus Stock Purchase: Microsoft (MSFT)
I added a share of Microsoft at a cost of $379.70. This is the first time that I've added to my position in MSFT since November 2022. Overall, MSFT is a world-class holding. I also believe it's almost as solid of a value now as it was two and a half years ago when I last added to it. This increased my net annual forward dividends by $3.32, which equates to a 0.87% net dividend yield.
Stock Sales: Kinder Morgan (KMI), Southern Company (SO), and Philip Morris International (PM)
I closed out my 52 share position in Kinder Morgan (KMI) for an average price per share of $26.77. I also exited my five share position in Southern Company (SO) for $90.89 a share. In my view, each of these names were moderately overvalued. Their respective dividend growth rates were also quite low, so that played a role in my decisions to sell as well. Overall, these transactions reduced my net annual forward dividends by $75.24.
I also sold 13 shares of Philip Morris International (PM) or nearly half of my position for $163.73 a share. PM is a fundamentally solid company, which is evidenced by its 9.4% annual earnings growth consensus per FAST Graphs. However, the market is more than pricing this into the stock, with it trading at a forward P/E ratio of 22.2. This transaction decreased my net annual forward dividends by $70.20.
Stock Purchases: Enterprise Products Partners (EPD), Microsoft (MSFT), and British American Tobacco (BTI)
I purchased yet another 34 units of Enterprise Products Partners (EPD) at a cost of $30.77 a unit. This is a high conviction holding for me and I don't mind the fact that EPD is nearly 5% of my portfolio now. I also purchased another two shares of Microsoft (MSFT) at a cost per share of $372.16. These transactions added $79.40 to my net annual forward dividends.
I added another 20 shares of British American Tobacco (BTI) at an average price per share of $42.75. My rationale for doing so remains the same as it was in my February 2025 Stock Watch List blog post. I also purchased another three shares of Microsoft at an average cost of $366.44 a share. These moves lifted my net annual forward dividends by $73.38.
Concluding Thoughts:
I deployed $2,002.78 in capital to fresh capital purchases in April 2025. Against the $57.01 in net dividends that was added by these transactions, that equates to a 2.85% net dividend yield. I also increased my net annual forward dividends by $7.34 from my capital redeployment (and built up my emergency fund slightly).
My net annual forward dividends have also increased by $5.43 so far from April 2025 Dividend Increases. As more of these come in, I'll update this figure. Additionally, foreign currency translation adjustments on a few ADRs from a weakening USD also pushed my net annual forward dividends higher by $28.45. This is how my net annual forward dividends rose from just above $5,765 heading into April to nearly $5,870 going into May.
Discussion:
How was your capital deployment during April 2025?
Did you open any new positions in the month?
Thank you for your readership and I welcome your comments below!
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