Today, I'll be detailing the purchases that I executed last month as a result of the margin used in my Robinhood account and my retirement account purchases.
Starting with the purchases in the retirement account, I deployed $292.36 in capital with the dividends received during the month included and $281.38 net of sales charges.
As a result of these contributions and dividends, I was able to increase my Capital Income Builder (CAIBX) holdings from 94.776 shares entering March to 100.088 shares entering into April.
The 5.312 shares of CAIBX that were added during the month of March boosted my annual forward dividends by $11.37.
Starting from the top of the screenshots, I added 12 shares of ONEOK (OKE) at an average cost per share of $37.06 and a total cost of $444.77.
Across the 12 shares that I purchased, I increased my annual forward dividends by $44.88 and deployed capital at a yield of 10.09%.
I also added 3 shares of Realty Income (O) at an average cost of $48.88 a share and a total cost of $146.63.
The $8.39 in annual forward dividends added as a result of my purchase of O equates to a yield of 5.72%.
While on the subject of triple net lease REITs, I also added 2 shares of WP Carey (WPC) to my portfolio at an average cost of $51.47 a share and a total cost of $102.93.
The $8.32 in annual forward dividends that were added as a result of my purchase of WPC works out to a yield of 8.08%.
Rounding out the triple net lease REITs, I opened a position in STORE Capital (STOR) by purchasing 16 shares at an average cost of $29.18 a share and a total cost of $466.93.
The initiation of this position resulted in an addition of $22.40 in annual forward dividends, which is a yield of 4.80%.
Moving to the BDC industry, I initiated a 16 share position in Main Street Capital (MAIN) at an average cost of $31.45 a share and a total cost of $503.15.
Including the special dividends, the MAIN position added $47.04 in annual forward dividend income, which works out to a 9.35% yield.
Moving to the semi-conductor industry, I added to my overall position in Broadcom (AVGO) (which was started in my Webull brokerage account) and initiated a position in the stock in my Robinhood portfolio.
The 2 shares of AVGO that I purchased last month were at an average cost of $236.99 a share and a total cost of $473.97.
When factoring in the $26.00 in annual forward dividends that were added to my portfolio, my investment in AVGO was at an average yield of 5.49%.
Transitioning back to REITs, but more specifically, prison REITs, I added 4 shares to my position in The GEO Group (GEO) at an average cost of $11.95 a share and a total cost of $47.80.
The $7.68 in annual forward dividends equates to an average yield of 16.07%.
I also added 6 shares of Prudential Financial (PRU) at an average cost of $59.86 a share and a total cost of $359.14.
When considering the $26.40 in annual forward dividends that were added as a result of my purchase of PRU shares, the capital that I deployed into PRU was at an average yield of 7.35%.
Moving back to REITs and more specifically to mall REITs, I added 3 shares to my position in Simon Property Group (SPG) at an average cost of $97.09 a share and total cost of $291.26.
The $25.20 in annual forward dividends that were added due to the purchase of SPG shares works out to an average yield of 8.65%.
Moving to tobacco, I added 2 shares of Philip Morris International (PM) at an average cost of $73.62 a share and a total cost of of $147.23.
When factoring in the $9.36 in annual forward dividends that were added as a result of my purchase of PM shares, the capital deployed into PM was at a yield of 6.36%.
I added 3 shares of Ventas (VTR) at an average cost of $24.71 a share and a total cost of $74.13, which works out to an average yield of 12.83% on the $9.51 of annual forward dividends generated as a result of my purchase.
What's more, I added a share of The Home Depot (HD) at a cost of $161.70, which is a yield of 3.71% on the $6.00 of annual forward dividends produced in the portfolio as a result of my purchase.
On the tobacco front once again, I added 4 shares of Altria Group (MO) to my portfolio at an average cost of $38.98 a share and a total cost of $155.92.
The $13.44 in annual forward dividends added as a result of the MO purchases were at an average yield of 8.62%.
Concluding with tobacco industry purchases, I added 3 shares to my position of British American Tobacco (BTI) at an average cost of $30.55 and a total cost of $91.65.
When considering the $8.06 in annual forward dividends due to my purchase of BTI shares, my cost basis on this block of shares works out to a yield of 8.80%.
I also added 3 shares to my position in Leggett & Platt (LEG) at an average cost of $24.40 and a total cost of $73.20.
Against the $4.80 in annual forward dividends added from this purchase, I deployed capital at a yield of 6.56%.
Furthermore, I added 2 shares of Genuine Parts Company (GPC) at an average cost of $58.88 a share and a total cost of $117.76.
The $6.32 in annual forward dividends added from this purchase work out to a 5.37% yield.
Moving to the multi-conglomerate AT&T (T), I added 3 shares at an average cost of $28.93 a share and a total cost of $86.79.
When I factor in the $6.24 in annual forward dividends added as a result of this purchase, the capital invested in T was at an average yield of 7.19%.
Moving to the tech giant International Business Machines (IBM), I added a share to my position at a cost of $96.80.
Against the $6.48 in annual forward dividends added by the purchase of IBM, this works out to a yield of 6.69%.
Transitioning back to the home improvement industry, I also added 2 shares of Lowe's (LOW) at an average cost of $69.42 a share and a total cost of $138.84.
When I consider the $4.40 in annual forward dividends added by the purchase of LOW stock, this works out to a yield of 3.17%.
I also added 3 shares of Williams Sonoma (WSM) at an average cost of $36.30 a share and a total cost of $108.90, which equates to a yield of 5.29% against the $5.76 in annual forward dividends added.
Moving to the financial sector, I added 3 shares of Wells Fargo (WFC) to my portfolio at an average cost of $33.51 a share and a total cost of $100.52.
When I factor in the $6.12 in annual forward dividends added by my purchase of WFC shares, this works out to a yield of 6.09%.
Transitioning to logistics, I opened a 4 share position in United Parcel Service (UPS) at an average cost of $90.17 a share and a total cost of $360.66.
Against the $16.16 in annual forward dividends added by the purchase of UPS shares, this is a yield of 4.48%.
On the midstream front, I added 10 units to my position in Energy Transfer (ET) at an average cost of $8.40 a unit and a total cost of $84.00.
When I consider the $12.20 in annual forward distributions that I added as a result of my purchase, this works out to a yield of 14.52%.
Additionally, I added 5 units to my position in Enterprise Products Partners (EPD) at an average cost of $18.99 a unit and a total cost of $94.95.
The $8.90 in annual forward distributions added as a result of my EPD purchase equates to a yield of 9.37%.
Within the energy industry, I also added 5 shares of Royal Dutch Shell (RDS.B) at an average cost of $39.05 a share and a total cost of $195.24.
When I factor in the $18.80 in annual forward dividends added due to my purchase of RDS.B shares, my purchase works out to an average yield of 9.63%.
Staying on the subject of supermajors, I also added 7 shares of British Petroleum (BP) at an average cost of $28.22 a share and a total cost of $197.54.
Against the $17.50 in annual forward dividends added as a result of the purchase, my investment works out to an average yield of 8.86%.
Concluding with the supermajors, I added 5 shares of Exxon Mobil (XOM) at an average cost of $48.87 a share and a total cost of $234.34.
When I consider the $17.40 in annual forward dividends added due to my purchase of XOM shares, the capital deployed equates to an average yield of 7.43%.
I added 2 shares of Magellan Midstream Partners (MMP) to my portfolio at an average cost of $47.17 a share and a total cost of $94.34.
The $8.22 in annual forward distributions added to my portfolio as a result of my purchase works out to a 8.71% yield.
Furthermore, I added a share of Eastman Chemical Company (EMN) at a cost of $53.05.
Against the $2.64 in annual forward dividends added by my purchase of EMN, the capital deployed equates to a yield of 4.98%.
Moving to the pharmaceutical industry, I added 4 shares of Pfizer (PFE) to my portfolio at an average cost of $34.35 a share and a total cost of $137.40.
This added $6.04 in annual forward dividends to my portfolio, which works out to a yield of 4.40%.
Concluding my activity within the industry, I added a share of AbbVie (ABBV) to my portfolio at a cost of $87.92.
The $4.72 in annual forward dividends works out to a 5.37% yield.
Wrapping up my purchases, I added to my position in General Dynamics with the purchase of 1 share at a cost of $164.45.
When considering the $4.08 in annual forward dividends added by my purchase of GD, the capital was deployed at a yield of 2.48%.
It is important to note that as a result of my decision to subscribe to Robinhood Gold and use margin, I am positioned to incur $60 in annual subscriber costs and $219.95 in annual margin interest for total costs of $279.95.
Concluding Thoughts:
Against the $430.83 in annual forward income added as a result of dividend stock purchases and the reinvestment of my retirement account dividends, I added $150.88 in annual forward dividends.
When I include the $1.81 in annual forward dividends that were added due to dividend increases last month, I added $152.69 in annual forward dividends during the month of March.
I deployed $6,175.29 in capital during the month of March, which equates to an average yield of 6.98%.
Heading into the month of April, my annual forward dividend income is approaching $1,100.
Give yourself a pat on the back if you read this post from start to finish because my fingers are practically sore from typing this post! Fortunately and unfortunately, my investment activity will be dropping off quite a bit as I deleverage my Robinhood margin down to about $1,000.
Discussion:
Did you add any new positions last month as I did with my purchases of OKE, STOR, MAIN, and UPS?
How was your month in terms of capital deployment?
As always, thanks for reading and I look forward to replying to your comments in the comment section below.
I Added a few of the same like VTR,AVGO,T,GD.Quite a nice price on your purchases.
ReplyDeletedesi,
DeleteThanks for reading. Congrats on your purchases. At these levels, I think we'll do well in the long-term.
Hope you have some dry powder left as prices on many of these REITs and BDCs and Energy Stocks are substantially lower now. Could be life time income opportunities or complete doom. Stocks like Store or WPC are simply too good for this yield unless the rent deferrals and outages will continue for many months. Also bought Main, WPC, STOR, the US Banks, the canadian Banks, MPW and some Energy stocks but expect some dividend mayhem in Q2, possibly q3. If by q4 the economy is not back to Something like normal there will be some very ugly developments. But we will see. No reward without risk. Stefan Redlich from seekingalpha :)
ReplyDeleteStefan,
DeleteThanks for reading! I have a slight bit of dry capital available, but I'll mostly be focusing on paying on margin the next couple months. I completely agree that STOR and WPC are too high quality to continue trading at these levels beyond perhaps 6 months from now. Hopefully, business will be back to usual next quarter for WPC and STOR's tenants or things will certainly be very ugly.