Dividend Portfolio Update - March 2023
A big addition to the portfolio...
The market volatility did not slow down in the month of March, but with volatility comes opportunity. (All data provided via Seeking Alpha)
The beginning of the month saw the market decline, but it has since recovered over the past week and has finished up about .5%. Peter Lynch was once asked if something needed to be done to reduce the level of volatility in the market, to which he simply responded, “I love volatility”.
I couldn’t agree more. Volatility can provide great opportunities to buy companies who are trading at a price that is less than their value, and this month I added capital to four existing positions in my portfolio, as well as one major new addition.
The four existing positions that I added capital to were the following, along with the price I purchased them at:
Realty Income Corp ($O) - $59.60
VICI Properties ($VICI) - $30.50
Altria Group ($MO) - $44
Jefferies Financial ($JEF) - $29.70
These companies have nice starting dividend yields of about 5%, 5%, 8.5%, and 3.85%. One of the current goals for my portfolio is to have a starting dividend yield on around 3.5%, so that pushes me closer towards that goal.
My current portfolio dividend yield is sitting at 3.43%. This last month was also my highest month of dividend income ever, bringing in $216.32. My expected yearly dividend income is now at $2,165!
I was happy to make these additions, but there was one move I made this month that was by far the biggest move I’ve made in awhile, and it was something I’ve discussed in a previous video.
I made the decision to add what I believe is one of the best dividend ETFs out there to my portfolio, SCHD. I made a full review of this ETF in a video a few weeks ago, which you can see here. SCHD now makes up around 10.3% of my dividend portfolio. I’ll likely move my other ETF positions into SCHD soon, so that position will likely climb up closer to 25%.
In an effort to continue to reduce the number of total holdings in my portfolio and to make sure that my holdings align with my dividend growth strategy, I sold two positions.
WHF
PSEC
Both of these positions have great starting dividend yields of 10%+, but have a huge lack of historical dividend growth and capital appreciation. Moving out of these positions will undoubtedly help my long term returns. Here’s a quick look at where my portfolio stands now.
Stocks I’m currently watching closely:
Bank of America ($BAC)
Target ($TGT)
Lowes ($LOW)
____________________________________________________________________________
Today investors diversify their portfolios with new instruments and trade multiple markets. Demand for intuitive portfolio trackers with comfortable data analytics is very high. Look at our sponsor, Snowball Analytics. It has a user friendly interface and comfortable dashboards to keep dividend analytics on multiple portfolios in one place. With promo code dividendologynews you get 20% discount for subscription.
That’s a wrap on this months update! Let me know if you have any thoughts!
Link to download my spreadsheets:
https://www.patreon.com/dividendology
Get 58% off of Seeking Alpha Premium!
https://www.sahg6dtr.com/9D5QH2/R74QP/
Get up to 17 Free stocks with moomoo | Open a new account and deposit: