Kody's Dividends
Unlocking financial freedom with dividend growth investing
Tuesday, October 22, 2024
Expected Dividend Increases For November 2024
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!
Tuesday, October 8, 2024
September 2024 Dividend Income
As I'm writing
this blog post, it's Friday, October 4th. The high temperature is going to
reach into the upper 60 degrees Fahrenheit range later today. Unsurprisingly, I'm
planning on getting outside for a while today to enjoy what's left of
the ideal weather.
Now that September is over, I'm going to be taking a moment
today to review my net dividend income for the month. Without further ado,
let's dig into it.
Dividend
Income Approached $550 For The Month
In September 2024, I collected $543.81 in net dividends
(including ADR fees for BP and withholdings on BAM dividends). Against the
$520.75 in net dividends received in June 2024, this is equivalent to a 4.4% quarterly
growth rate.
Compared to the $434.85 in net dividends collected in September 2023, that equates to a 25.1%
year-over-year growth rate.
My net dividends received in my Charles Schwab
portfolio were $364.41 from 48 companies. This was marginally lower
because of my sale of Dominion Energy (D) in July 2024 and partially offset by my
purchase of Meta Platforms (META) during the month.
In my retirement account sponsored by my former employer, I
collected $87.11 in net dividends from my Capital Income Builder
(CAIBX) holding. This increased slightly because of a higher share count from
dividend reinvestment.
My net dividends received from my Fidelity
portfolio was $74.80 from 13 companies. Dividend stock purchases in June 2024, July, and August 2024 accounted for this uptick in net
dividends.
In my Webull account, I collected $17.49 in net
dividends from six companies. Payout raises contributed to a modest increase in
net dividends.
Concluding
Thoughts:
As I indicated in my June 2024 Dividend Income blog post,
my capital deployment in recent months is putting me on a realistic path to
receive at least $600 in net dividends for December 2024.
Discussion:
How was your net dividend income for September 2024?
Did you collect any first-time dividends during the month
as I did with META?
I appreciate your readership and welcome your comments below!
Tuesday, October 1, 2024
September 2024 Dividend Stock Purchases
As I’m writing this blog post, it is currently Thursday, September 26th. The weekend is going to see highs in the mid 70 degrees Fahrenheit. So, we’re seeing a cooling trend here in Central Wisconsin. That’s decent weather for this time of the year, though.
Since the
month of September is just about complete, I’ll be detailing my dividend stock
purchases for the month. Without further ado, let’s dig into it.
Dividend
Stock Purchase #1: Enbridge (ENB)
The first
dividend stock purchase that I made during the month was 25 shares of Enbridge at an average price of $40.57 a
share. This boosted my net annual forward dividends by $67, which is equivalent
to a 6.61% net dividend yield.
Interested
readers can find the gist of my investment thesis in my September
2024 Dividend Stock Watch List blog post.
Dividend
Stock Purchase #2: Alphabet (GOOGL)
My next
dividend stock purchase completed in September was four shares of Alphabet at an average cost per share of $153.84.
That increased my portfolio’s net annual forward dividends by $3.20, which works
out to a 0.52% net dividend yield.
Curious
readers can peruse the September 2024 Dividend Stock Watch List blog post
linked above for my investment thesis.
Dividend
Stock Purchase #3: Meta Platforms (META)
The third
and final dividend stock purchase that I executed for the month was a share of Meta Platforms at
$506.11. As a result, my net annual forward dividends edged $2 higher. This
equates to a net dividend yield of 0.40%.
Intrigued
readers can also uncover my investment thesis in the September 2024 Dividend
Stock Watch List blog post.
Concluding
Thoughts:
In September,
I put $2,135.70 in capital to work.
Against the $72.20 in net annual forward dividends added from these buys, this
is a weighted average net dividend yield of 3.38%.
My net
annual forward dividends also
increased by $22.378 from the nine dividend increases that I received in September
2024. This helped my net annual forward dividends rise from about $4,945
heading into the month to approximately $5,040 going into October.
Discussion:
How was your capital deployment during the
month?
Did you open any new positions/close any positions in
September 2024?
Thank you
for reading and please leave your comments below!