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What’s up, Dividend Investor! It’s time for the quick quarterly review…. In Q323 we bought 8 stocks, sold 7, and received $1,911 in dividends. Because of the unexpected Nexstar Media (NXST) share price plunge, we decided to exit our Merck (MRK) position. We also did some early tax loss harvesting by selling part of our Target (TGT) position in the taxable account to increase dry powder for NXST, which we feel is undervalued and will be a huge beneficiary of the 2024 presidential election spending. As of this letter, we have 99 shares of NXST and will likely add the 100th this week or next. In this investor’s opinion, the 3M situation has deteriorated to the point where we are comfortable just having exposure inside of various funds like SCHD and sold out when it popped above $100. In the Roth, we sold off our non-dividend Alibaba (BABA) position to invest in another non-dividend growth stock we understand better – Harrow Inc. (HROW). AT&T (T), Verizon (VZ), and General Dynamics (GD) were all sold in the retirement accounts to invest in REITs which are beaten down. Remember, REIT dividends are non-qualified and taxed at your ordinary income rate. So, by holding them in a retirement account, we can take full advantage of that benefit. We also continue to increase SCHD into a core position and in the near future, it may be 25% or more of the portfolio. Remember, you can peek at all of the current holdings across the three portfolios we share on the channel at DapperDividends.com Here’s the details on what went down from July 1st to September 30th, 2023- What We Sold (Average)
Combined, this was a net outflow of $327.96 in projected annual dividend income (PADI). What We Bought (Average)
Combined, this was a net inflow of $575.43 in projected annual dividend income (PADI). As a result, our PADI in the quarter increased $247.47 We also received $109.02 of options income and $133.14 of cash in lieu after the Life Storage/Extra Space Storage (EXR) merger finalized. Dividends Received ~$1,669.29
I’d love to know the stock you bought most of last quarter, or recently HERE. 😁Special THANK YOU to the (3) people who responded to my last newsletter!! With that being said, let’s get to the moves made this week. And remember, you can always check out the PORTFOLIOS, the PODCAST, or see what’s cooking on the YouTube channel. Dividends Received This Week $39.43
Dividends Received Year to Date~5,015.73
Stocks Bought (AVERAGE) Notable Ex-Dividend Stocks This Week
Click the image above to try Seeking Alpha Premium for FREE for 7 days. *This is an affiliate offer and I will receive a small commission at no additional cost to you when you buy a premium annual subscription after clicking the image above. Based on the current list price of $239 $189/year. Cancel anytime before the free trial ends to avoid being charged. Auto-renews as an annual subscription at the then-current annual list price. Plus sales tax/VAT, where applicable. You Gotta Check This Out!! I love listening to Arnold Schwarzenegger speak! He was just on The Tim Ferris Podcast and talked about motivation, building your own success ladder, selling yourself, growing old, and the importance of having a vision. By the way, check out Tim Ferriss’ excellent newsletter as well! 💰Ryne Williams dropped 3 Dividend Kings that he’s buying and wrapped up the video with several more that he doesn’t own but look tasty as well. Check it out and see if you own any of these stocks paying an increasing dividend for 50+ years! And he also has a free weekly newsletter of his own I recommend. Economic professor Austan Goolsbee was a guest on the Odd Lots podcast to talk about the “golden path to a soft landing”. He talked about how historically inflation really starts to drop only after the recession has begun. But right now we’re seeing inflation come down without an economic slowdown. And, his talk about the Federal Reserve and its congressional mandate reminded me of the Terminator – It will not stop until inflation is under control Random Music Video I Enjoy And You Might Too: Danzig – How The Gods Kill Hey, you made it to the end of the newsletter! Congratulations! How did you like it? Do you have any suggestions to make this better? Please let me know about it here. With that being said, have a WONDERFUL week and I’ll see you in the next one. |