Tuesday, 1 July 2014
June 2014 Dividend and Monthly Report Update
Another month has passed by and things are on track. My core purchases are complete. My portfolio has had some appreciation, dividends are almost fully coming in.
Here is my Dividends totals for June and so far in July
2014 Running Total - $1,254.93
* July - 115.18
* June - 608.62
* May - 531.13
July 2014 Dividends Paid
32.27 - BAX Baxter
22.50 - CNQ Canadian Nat Resources
32.10 - KO Coca Cola
115.18 - TOTAL
June 2014 Dividends Paid
35.09 - PEP PepsiCo
22.50 - HR.UN H&R Reit
40.43 - TOT Total SA ADR
18.33 - SJR Shaw Communications
27.60 - SU Suncor Energy Inc
28.00 - D.UN Dream Office Reit
22.92 - ENF Enbridge Income Fund
34.43 - MCD McDonalds
46.00 - CPG Crescent Point Energy
22.50 - AX.UN Artis Reit
35.00 - ENB Enbridge
48.00 - FTS Fortis
33.15 - PFE Pfizer
58.75 - REI.UN RioCan Reit
39.16 - CVX Chevron
32.73 - JNJ Johnson & Johnson
22.95 - DD DuPont
41.06 - COP Conocophillips
June Dividend Notes -
- Total SA ADR is a France based company and they take 30% in withholding taxes ouch!
- Overall slightly disappointing, Was expecting to hit over $1,000 with my holdings. Missed a few ex dividend dates from my initial purchases in May were to be paid out in July.
- Next month in July my portfolio should be at full dividend paying efficiency and should be generating close to the $1,100 of my monthly average forward dividend projections including withholding tax.
- The totals are actual payouts I have received so they include withholding tax and are currency neutral
Future Buys and Portfolio Readjustment
Going forward I hope to make a new purchase every 1-2 months. I do however wish to do a little bit of portfolio rebalancing. Nothing major but some mild tweaking to increase my income via dividend payouts and also starting to write options.
I have begun to write options on my Apple holdings. Overall I am bullish on Apple in the long term. I have a large 700 share holding roughly equating to $65,000. Or roughly 16% of my overall holdings. Which is overly substantial.
So I have come up with a plan with my holdings to write covered call options against it. I am writing monthly out of the money options at above 5-10% of the share price. This strategy will hedge my earnings if APPL were to gain over 10% in one month so I will miss out on gains beyond that.
The benefits of this strategy is that it would give me a positive exit point in reducing my position, it would give me extra income for writing the calls, it will hedge against losses with the premiums I receive. Overall its an insurance policy for movement in the stock and a way to generate some more income.
Once I finally do get called with the stock, I may look to re-enter my holdings at a smaller position of apple and continue the option writing process for income in the future.
As some know I am investing in a brewery start up. I have officially invested $85,000 into it. The brewery was in the funding stage and just last week they have reached their goal of raising over 1.1 million. Several banks are competing for the rest of capital needed and their borrowing rates are surprisingly quite low in the sub 4%. This shows even the banks have quite a bit of faith in the team and project which is assuring for investor such as myself. So the gears are in motion of purchasing the land and building, upgrading the building and ordering the necessary equipment. This process will take a few months but it is quite exciting. The brewery already has a good local buzz around it and will no doubt have some good community support to start.
Not much going on, Just starting to get a schedule going on of at least 4-5 posts a month. I have joined the Yakezie challenge where finance bloggers try and improve their Alexa score and get more involved with their finance network.
Thanks to all the fellow bloggers that have dropped by and dropped a comment and added me to their blogroll network.
I plan to write a post about 2 different loans I have given and also getting a friend out of debt.
So what do you guys think of my month and how was your month? Also what are your thoughts on options for an added income boost to the dividend investor?
Good Day and Grind On!