This week, I felt like taking a different approach to finding hidden gem dividend growth stocks. Typically, as I did with my watch list last week, I run the Dividend Diplomats Stock Screener and try to identify a sample of stocks that fit my metrics that I can buy at that moment in time. And if that doesn’t work, Lanny or I will run a different screener and create a “Top 5” stock list of some sorts and identify a certain type of dividend stock we are targeting. For example, we have run screeners for low dividend yield, high dividend growth rate stocks and dividend growth stocks with low debt to equity ratios in the past. This time, my approach was to identify an industry that is not represented in my portfolio and check out a few dividend stocks in the sector and see what I’m missing. Maybe they will fit, maybe they won’t….but there is only one way to find out. For today, I wanted to check out some grocery store stocks that pay a dividend.
Here we are. June of 2016. It has been a very big year thus far and I have climbed another rung of the illustrious ladder that we are all holding. The steepness to the ladder and the climb up is definitely hard mind, body and soul – but this was never supposed to be easy, and what is the point of going for something if it isn’t a hard road? This has definitely been worth it and I have learned a vast amount of information and simpler techniques on the way… Yes… you read the title correctly, this month events and activities have allowed me to Crush through $7,000 in projected dividend income!
A couple of months ago, I wrote about my desire to simplify my finances and make our lives a little easier. Method #1 was to consolidate the number of banks had accounts with and just make our banking situation easier. Despite the fact I wrote about this back in April, I saw my upcoming wedding as the golden opportunity to hit the reset button and start over in terms of banking when we would eventually consolidate our finances. Before the weeding, we banked at four branches. We made our decision and after we were married and reduced that number to one. What’s even crazier is that we dropped the idea of using a local bank with “roots,” or branches, in our community. I’ll let you in our decision to ditch a bank with a physical branch all together and take the first step towards simplifying our finances!
Life is finally starting to settle down again now that my wedding festivities are over. I feel like I finally have the time to needed to properly analyze the stock market and find the perfect stock to buy. A few days ago, Lanny purchased more shares in Target and I must say, I’m a little jealous of the make he is making moves while I am still sitting on the sideline. That jealousy, coupled with the excitement I have following our review of other bloggers’ May dividend income figures, leaves me feeling as motivated as ever to find a great stock and invest. What stocks am I consider? Time to take a look at my June stock watch list!
As I’m sure you all know, each month we aggregate a list to show how other bloggers in the Dividend Investing community are CRUSHING IT! This month, one of us got excited (**cough cough Lanny**) and set a record for a number of bloggers included in this list. It blew April’s bloggers summary out of the water! Time to brew up a cup of coffee (maybe Starbucks) and get ready to check out some results! See our May Dividend Income summary from the blogging community.
Our wedding day finally arrived! The day my wife (that STILL is strange to write) and I had been planning and eagerly awaiting for over one and a half years finally arrived. A few weekends ago, we looked each other in the eyes, exchanged our vows, and began this amazing new chapter of our lives. The two-day celebration flew by and to be honest, a lot of it is still a blur (which we were told by everyone would happen). I am still honored that so many friends and family members took the time to celebrate with us. Man, what an awesome few days.