Kody's Dividends
Unlocking financial freedom with dividend growth investing
Tuesday, November 5, 2024
October 2024 Dividend Income
Tuesday, October 29, 2024
October 2024 Stock Purchases
As I'm writing this blog post on Friday, October 25th, it's expected to reach a high of 62 degrees Fahrenheit later today. If that wasn't enough, it's also going to be sunny throughout the day. For late-October, this is excellent weather for Central Wisconsin. Not surprisingly, that's why I plan on getting outside for at least an hour or two today.
Now that we're in the last week of October, I'm
probably done buying stocks for the month. So, that makes today the perfect
time to highlight my stock purchases for October 2024.
Stock Purchase #1: Amazon (AMZN)
The
first stock purchase that I executed in October was three shares of Amazon at an average cost per share of
$184.53. Curious readers can check out my basic investment thesis for AMZN in
my October 2024 Stock Watch List post.
Stock Purchase #2: Enterprise Products
Partners (EPD)
My second stock purchase completed during the month was 34 units of Enterprise Products Partners at an average price of $29.27 a unit. This boosted my net annual forward distributions by $71.40, which equates to a 7.18% distribution yield.
Readers
can peruse my investment thesis for EPD in the October 2024 Stock Watch List post linked above.
Stock Purchase #3: Visa (V)
The next stock purchase that I carried out in October was two shares of Visa at $277.47 apiece. That transaction increased my net annual forward dividends by $4.16, which works out to a 0.75% net dividend yield.
Again, interested readers can find my investment thesis for
V in my October 2024 Stock Watch List post.
Bonus Stock Purchase: Enbridge (ENB)
I had some dividend payments that accumulated in my IRA. So, I put those funds to work and purchased two shares of Enbridge at an average cost per share of $40.61. This lifted my net annual forward dividends by $5.36, which is equivalent to a 6.6% dividend yield.
Readers can examine my investment thesis for ENB in
my September 2024 Dividend Stock Watch List post.
Concluding Thoughts:
In October, I deployed $2,184.75 in capital. These buys helped my net annual forward dividends jump by $80.92, which is a 3.70% weighted average net dividend yield.
My net
annual forward dividends also rose by $34.092 from the 10 dividend increases that I received during the month. This pushed my net annual
forward dividends from around $5,040 going into the month to over $5,155 exiting the
month.
Discussion:
How was your capital deployment in October 2024?
Did you start any new positions during the month?
I appreciate your readership and welcome your comments below!
Tuesday, October 22, 2024
Expected Dividend Increases For November 2024
Actual Dividend Increases For October 2024
Dividend Increase #1: Agree Realty (ADC)
Dividend Increase #2: Lockheed Martin (LMT)
Dividend Increase #3: A.O. Smith (AOS)
Pending Dividend Increase #1: AbbVie (ABBV)
Pending Dividend Increase #2: American Electric Power (AEP)
Pending Dividend Increase #3: Energy Transfer (ET)
Pending Dividend Increase #4: MPLX LP (MPLX)
Pending Dividend Increase #5: Pinnacle West Capital (PNW)
Pending Dividend Increase #6: Starbucks (SBUX)
Pending Dividend Increase #7: Visa (V)
Pending Dividend Increase #8: Exxon Mobil (XOM)
Expected Dividend Increases For November 2024
Expected Dividend Increase #1: Automatic Data Processing (ADP)
Expected Dividend Increase #2: Aflac (AFL)
Expected Dividend Increase #3: Enbridge (ENB)
Expected Dividend Increase #4: Main Street Capital (MAIN)
Expected Dividend Increase #5: Merck (MRK)
Expected Dividend Increase #6: Simon Property Group (SPG)
Concluding Thoughts:
Discussion:
Tuesday, October 15, 2024
November 2024 Dividend Stock Watch List
As I’m writing this blog post, it is Friday, October 11th. The high temperature is expected reach 74 degrees Fahrenheit in Central Wisconsin. Add in a partly sunny forecast and the weather is perfect for this time of the year.
Now that less
than three weeks remain in the month, I’ll be looking ahead to dividend stocks
on my watch list for November 2024. Let’s dive into it!
Dividend
Stock #1: Energy Transfer (ET)
The first
stock on my watch list for November 2024 is Energy Transfer (ET). Those interested
in the investment thesis in detail can refer to my August Seeking Alpha article.
In a
nutshell, ET set several new partnership records in its second quarter. The
partnership’s credit rating was upgraded to Baa2 (BBB equivalent) by Moody’s in June. The 7.8%
distribution yield is also well-covered by DCF. Finally, ET’s $16 unit price
(as of October 11th, 2024) remains well under my fair value estimate
of approximately $19 a unit.
Dividend
Stock #2: Alphabet (GOOGL)
The next
stock on my watch list for next month is Alphabet (GOOGL). Astute readers will
notice that I just highlighted the stock in my September 2024 Dividend Stock Watch
List.
Well, my
buying rationale is about the same as it was at that time. Since that time, I
published a September
Seeking Alpha article. YouTube Shorts monetization is improving, and Google
Cloud remains a go-to option for both startups and established businesses. GOOGL’s
nearly $100 billion net cash position and AA+ credit rating from S&P on a
stable outlook are also pluses. The recently initiated dividend is modest and
has tons of room for future growth. The icing on the cake is that GOOGL is deeply
undervalued from the current $165 share price (as of October 11th,
2024), with my October fair value estimate approaching $210 a share.
Dividend
Stock #3: PepsiCo (PEP)
The third stock
on my watch list for November 2024 is PepsiCo (PEP). My investment thesis for
the consumer staple remains unchanged from my May
Seeking Alpha article.
PEP operates
as a leader in a fragmented, trillion-plus dollar global beverage and convenient
food category. The company also enjoys an A+ credit rating from S&P on a
stable outlook. Fair value is also edging closer to $200 a share, which would
represent a moderate discount versus the current $174 share price (as of
October 11th, 2024).
Concluding
Thoughts:
So, that
is that for this blog post in my monthly stock watch list series. Three more world-class
stocks on my radar for additional investment. These are the kinds of investment
holdings that allow me to sleep well at night and stand by the dividend growth
investing strategy. This has served me well over the past seven years and I especially
look forward to the next seven years of living by the strategy.
Discussion:
Are any of
ET, GOOGL, and/or PEP on your watch list for November 2024?
If not, what
stocks are on your radar for next month?
Thanks for
reading. I look forward to your comments below!