As I'm writing this blog post, the month of December is just days away, and amazingly, 90% of the ground here in Central Wisconsin is still visibly free of snow cover!
With that aside, I'll delve into the intent of this blog post, which is to outline my dividend stock purchases for the month of November 2020.
Starting with the activity in my retirement account, I deployed $252.00 in capital between my 7% contribution and my employer's 3% contribution.
Net of the $11.34 in sales charges, I set aside $240.66 in capital to increase my position in Capital Income Builder (CAIBX), which helped my share count rise from 136.677 to 140.581.
Assuming $2.14 in annualized dividends/share, my net annual forward dividends were boosted by $8.35, which equates to a 3.47% net yield.
Moving to my Robinhood account, I decided to purchase 2 shares of Amgen (AMGN) at a cost of $447.58 due to the stock's strong 3rd quarter operating results, the relatively attractive current stock price for the long-term, and my desire to add to my position in AMGN.
The 2 shares of AMGN that I added to my portfolio will add $12.80 in immediate net annual forward dividends, which works out to an average weighted yield of 2.86%, with a dividend increase expected from the stock in just a few weeks further bumping up my net annual forward dividends.
I purchased 9 shares of Cisco (CSCO) in November at a total cost of $370.95, which marks my initiation of a position of CSCO into my portfolio.
Weighing my costs against the $12.96 in net annual forward dividends that were added by my purchase of shares of CSCO, my average weighted yield equates to 3.49%.
I also continued to add to my position in AT&T (T) by purchasing 1 share at a cost of $28.91, which works out to a yield of 7.19% when factoring in the $2.08 in net annual forward dividends that were added to my portfolio.
Consistent with the theme of primarily building positions during the month, I added 1 share of Lockheed Martin (LMT) at a cost of $372.39, which equates to a yield of 2.79% when considering the additional $10.40 in net annual forward dividends that went into my portfolio as a result of the purchase.
I also added to my position in Philip Morris International (PM) with the purchase of 1 share at a cost of $75.02, working out to a yield of 6.40% when factoring in the $4.80 in net annual forward dividends that were added to my portfolio.
Closing out my dividend stock purchase activity for the month of November, I added 2 shares to my CVS Health (CVS) position at a total cost of $139.42, which equates to a yield of 2.87% when considering the additional $4.00 in net annual forward dividends that went into my portfolio due to my transaction to purchase shares of CVS.
Concluding Thoughts:
November marked a return to my typical capital deployment schedule of $1,500-$2,000/month after several months of intensive capital deployment to reduce my debt load to virtually nothing, aside from the $1,000 in interest free Robinhood margin.
As a result of my $1,674.93 in capital deployed in November, I added $55.39 in net annual forward dividends to my portfolio, which works out to an average weighted yield of 3.31%.
As I detailed in my previous post of my expected dividend increases series, Iron Mountain (IRM) opted to keep its dividend in line with the previous, which meant there were no dividend announcements that resulted in an increase or decrease in my net annual forward dividends during November.
My net annual forward dividends heading into December are just over $1,310, which marks yet another all-time high for my portfolio, positioning me for a strong close to 2020.
Discussion:
How was your November in terms of capital deployment?
Were you fortunate enough to be able to add a position to your portfolio as I was in the case of CSCO?
Thanks for your readership and I welcome your comments in the comment section below!
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