November 2024 Dividend Stock Purchases/Sales

As I'm writing this blog post, it's currently Friday, November 22nd. The low temperature here in Central Wisconsin is set to get down to just 26 degrees Fahrenheit later today. Snow is also in the forecast tonight. In other words, winter is unofficially here.

Now that November will be over in one trading week, it's a good time to review my stock purchases and sales for the month. Without further ado, let's jump into it!

Stock Purchase #1: Energy Transfer (ET)

The first stock that I purchased in November was 41 units of Energy Transfer at an average price of $16.46 a unit. Interested readers can check out my updated investment thesis for ET in this recent TipRanks article. This transaction lifted my net annual forward distributions by $52.89, which equates to a 7.84% distribution yield.

Stock Purchase #2: Alphabet (GOOGL)

Another stock purchase that I completed was four shares of Alphabet at a cost per share of $171.16. Readers can find my buy rationale for GOOGL in my November 2024 Dividend Stock Watch List blog post. This added $3.20 to my net annual forward dividends, which is equivalent to a 0.47% dividend yield.

Stock Purchase #3: PepsiCo (PEP)

The third stock purchase that I made in November was four shares of PepsiCo at an average price of $165.73 a share. My buy case for PEP is briefly laid out in the aforementioned November 2024 Dividend Stock Watch List blog post. The $21.68 boost to my net annual forward dividends works out to a 3.27% net dividend yield.

Bonus Stock Purchase: Meta Platforms (META)

My final stock purchase executed with fresh capital was one share of Meta Platforms at a cost of $567.42. My bullish argument for Meta Platforms is briefly summarized in my September 2024 Dividend Stock Watch List blog post. This increased my net annual forward dividends by $2, which equates to a 0.35% dividend yield.

Dividend Stock Sales: Albemarle (ALB), Cisco Systems (CSCO), Simon Property Group (SPG), and Texas Instruments (TXN)

I disposed of several dividend stocks during the month. I made each of these sales because of a combination of overvaluation and poor dividend growth. These transactions lowered my portfolio's net annual forward dividend income by $189.04.

Dividend Stock Purchases: Energy Transfer (ET), MPLX LP (MPLX), Nvidia (NVDA), and Realty Income (O)

I used my proceeds to purchase 40 units of Energy Transfer (ET) at $17.31 apiece, 25 units of MPLX LP (MPLX) at $47.47 each, 24 shares of Nvidia (NVDA) at an average cost of $144.82 apiece, and 15 shares of Realty Income (O) at $57.33 each. These purchases boosted my net annual forward dividends by $195.64.

Concluding Thoughts:

In November, I put $2,589.84 in fresh capital to work. These purchases raised my net annual forward dividends by $79.77, which is a weighted average dividend yield of 3.08%. Capital redeployment increased my net annual forward dividends by $6.60.

My net annual forward dividends were also lifted by $13.28 from November dividend increases. As a result, my net annual forward dividends rose from over $5,155 at the start of the month to roughly $5,255 at the end of the month.

Discussion:

How was your capital deployment in November 2024?

Did you open any new positions this month?

Thanks for reading and please feel free to comment below!