Added WFC to the mix
Before we cover the August dividends, I wanted to give a quick update on another purchase I made last week. There was a fair amount of cash still in the traditional IRA brokerage and decided to pull the trigger on Wells Fargo Corp (WFC). I bought 150 shares @ $48.65/share. This was a good purchase and I expect to hold it forever as long as the business doesn’t deteriorate. In my opinion, I added another quality company that pays a nice dividend to my ever growing portfolio. I am expecting ~ $230 in dividends the first year without reinvesting. Increase that slightly as I always reinvest. Now on to the dividends….
The clock says September 1st and so it must mean it is dividend time again. Christmas comes twelve times year as far as I am concerned. I had a great August for Dividends. The totals were good and the increase Y-O-Y was as well. You can see the last month of this cycle (May Dividends) for a comparison. None of the new purchases have paid out yet but I still enjoyed a nice bump in income. I feel like the dividends are starting to steamroll, which is exactly what I want. Next month is part of my big cycle and I am excited to see how much I am going to bring in. Let’s not get too far ahead, on to this month.
Totals for the month were as follows:
results: Total: $322.24 for August + $83.06 Month/YOY 34.73 % Month/YOY
There it is, a great increase for the month. I have not received any dividends from any of my new purchases yet and I am hopeful that it will help make up the ground so that I can reach my dividend goal for the year. If I had not reshuffled the portfolio in January, I would have made it easily but I missed a few dividends that would have put me over the top. It happens but I am back on track and feeling good with the portfolio makeup. See you next month !!