We are swiftly approaching the halfway mark for 2018. Man oh man, where has time gone? Lanny, like so many of you already, published his May Dividend Income report and crushed it. He earned almost $500 in dividend income and posted a 30% dividend increase! Nice freaking job Lanny. That’s how you crush it right there. I’ve spent some time compiling my results here. Let’s see if my May dividend income summary was as strong as Lanny’s!
2018 has been a fun investing year, as the market has presented many great buying opportunities and I’ve been fortunate enough to have some extra capital on to capitalize. At the beginning of May, I initiated a large position in Pepsi. Selfishly, I was trying to sneak in one more stock purchase before the end of the month and was fortunate enough to have cash on hard, ready to delpoy. I have been hot on the trail of a Dividend Aristocrat for the last few weeks. Finally, after weeks of waiting, the company’s stock price fell and triggered my limit order. Here is why I initiated a position in Leggett & Platt, Inc. (LEG) at the end of May!
I love my older brother. I would do anything in the world for him. I think, care and worry about him all of the time. No, nothing is wrong, at all. It’s not that kind of worry, so readers, please don’t, “worry”. I always think about how great of a person he is and the potential taking on life, in full force, as he has just as much energy as I do. The one HUGE area he has potential in, is guess what? His finances. He’s not completely awful with money, but it’s moreso that he has so much potential to be that much better with money. When it comes to family, finances is an area that you would kill to make sure that they are taking advantage of every single opportunity that they have. I want him to be right there with me, if possible, or even have his finances in better order than mine! That’s what we do as family. However, it wasn’t looking like that was going to happen and after years of working with, talking to and showing him what can happen, he did one thing. He finally said, “Lanny, please help me be better”. That has been the best statement I heard from him all year. Continue reading
With 4 months down, there is one trend that the two of us are seeing everywhere. The dividend growth community is kicking some serious butt this year! Dividend stocks continue to announce strong dividend increases while the consumer staple stock industry is still offering some great value (as evidenced by the fact we both purchased Pepsi this month). One of our favorite activities each month is reading blogger’s monthly dividend income summaries. Why? We both are extremely motivated by the hustle, hard work, and amazing results exhibited by so many in the dividend growth community. So each month, we aggregate as many stories as we can into one article so we can share the results with all of you. Here is the April installment of the Dividend Income from YOU the Bloggers series! Continue reading
Well, it looks like I had an itch that needed to be scratched after compiling my May dividend stock watch list. After years of coveting this stock and patiently waiting on the sidelines for the right moment to strike, the purchase date finally arrived. After all, how could I pass up the opportunity to purchase one of my “Always Buy” stocks? Time to see why I finally initiated a position in Pepsico (PEP) in May!
The market has been beating down consumer staple stocks lately, which shouldn’t exactly be a surprise to my fellow dividend growth investors. Lanny detailed this trend last month in his infamous “Battle of the Consumer Staple Stocks,“ ultimately showing how some of the best consumer staple stocks are trading at a nice discount. The trend has still continued to this day, which is great because I love consumer staple stocks. This was probably evidenced by the fact that I purchased P&G twice in April! I’m back on the lookout for another purchase as I have some capital to deploy. With the introduction I have written, it shouldn’t be a surprise, but my watch list is going to be heavily focused in consumer staples sector. Let’s check out the four companies on my May Dividend Stock Watch List.