«

Nov 30 2019

Dividend Income Report: November 2019

sept_monthly_report_600x200
I hope everybody had a good Thanksgiving holiday with family and friends. It was for me, as I spent Thanksgiving at my sister-in-law’s place with most of my in-laws in attendance. Here in the Pacific Northwest, it has been a mostly dry but unusually cold month. I’m almost done raking leaves, but one’s neighbor’s tree hasn’t shed all its leaves yet, so some work remains.

Well, let’s do the numbers and see how my dividend income fared in November

AWP $ 44.00
BGY $ 33.80
CHW $ 21.00*
CIK $ 22.50*
CLM $ 46.19*
DHY $ 33.25
EAD $ 9.44
EDF $ 45.00*
EHI $ 25.20
EXG $ 92.40*
FGB $114.75
NCV $ 36.75
OHI $150.75
PFN $ 36.00
RA $ 63.68
ZTR $ 33.90
TOTAL $808.61

* Includes Return of Capital

Well, the $808.61 total is good, but it’s getting uncomfortably close to falling below the $800.00 mark, so I may do a stock buy in the next couple months to help boost the total dividend income for future quarters’ second month (February, May, August, and November).

November was certainly not a business as usual month, with a stock sell, stock buy, dividend cut, and dividend increase to report. I sold 45 shares of RA at $22.00 per share, as I needed the money. Of course, this will negatively impact my dividend income (-$8.96 per quarter) but sometimes it’s necessary. On a more positive note, I took advantage of PNNT being within close range of its 52-week low and picked up 50 more shares at $5.985 per share. This buy will help mitigate some of the damage from the RA stock sale.

OHI raised its quarterly dividend from $0.66 per share to $0.67. That’s only a 1.5% increase, which isn’t all that much but I’ll take it anyway. Needless to say, that was a pleasant surprise as dividend increases are a rare occurance for my ETF/CEF heavy portfolio. Unfortunately, FGB slashed its dividend from $0.175 per share to $0.135. Ouch! That’s a -22.9% cut, which is what hurt November’s dividend income. Also, HQL reduced its dividend from $0.37 per share to $0.33 which will affect next month’s dividend total.

The other bit of good news is that the market has done quite well for November. My dividend investing portfolio’s total value has increased, offsetting the small hit from the sale of RA shares.

Overall, November was a mixed bag given the above described activities. Hopefully December will have no unpleasant surprises lurking around the corner (Remember last December’s market correction? Yeah, that wasn’t fun.)

Image Credit: jarmoluk (pixabay.com)

 

2 comments

  1. My Dividend Dynasty

    You had a great month DQ! It sure was great to see an OHI dividend increase. I have been thinking about the market correction that happened last December. Will history repeat itself? I guess we will find out. 🙂

    1. Dividend Quest

      Thanks for visiting MDD! Yep, dividend increases are a real rarity for my portfolio, so I was quite happy to see OHI nudge their dividend up a little. Corrections are an inevitability in any bull market, and I’m sure there will be at least one in the next 12 months. The only question is how deep will the impact be and how long until it fully recovers. Last December’s correction slashed my portfolio’s value nearly 20% in just a couple weeks and, if not for my stock sales and spending of dividends, it would have completely recovered. If the next correction coincides with an emerging recession, then the recovery may take longer than usual. As you said, we will just have wait and find out.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

To prove you're human and not a computer, solve this simple math problem: * Time limit is exhausted. Please reload CAPTCHA.