Lanny beat me to the punch for releasing our monthly dividend income summary and lets just say I have a tough act to follow. $1,100 in total dividend income and a 30.31% dividend growth rate…impressive numbers Lanny! You are crushing it. However, the show must go on here and luckily for me, I had some nice year over year growth as well. Time to peel back the layers and take a dive into my June dividend income summary!
It’s only right so say — WE ARE HALF WAY THROUGH THE YEAR!!! On top of that – my Cavs won the NBA Finals and our first championship in 52+ years AND the Tribe are CURRENTLY on a 14 game win streak. Cleveland could not be on any more fire than they are right now. What about my portfolio? Can it keep up with the heat that Cleveland as it’s aura? Did my Dividend Portfolio spit out the best income it’s ever had? Well, let’s find this out and see if I hit some big targets!
I just couldn’t sit on the sideline any longer. For those of you that have followed our blog over the last month, you would have realized that there was one stock I have been fixated on…Target (TGT). It was the number 1 stock on my June watch list for a reason. Over the month, I was patiently waited for the right moment to strike. When I went to buy, the stock price increased. When I wasn’t able t access the internet to actually purchase the stock, the price fell. Finally, the stars aligned as the markets had two terrible days after the Brexit situation. Time to check out why and most importantly, how much TGT stock I purchased this week!
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.
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!
May 2016 was the best month of my life…hands down. And it had absolutely nothing to do with investing. I’m sure those that have been following along can guess what happened. If not, no worries, I will have some blog posts soon to fill you all in on what exactly happened soon. It was also a great month for dividend income as I saw some growth compared to May 2015. Let’s take a look at the dividend income I received during the last 31 days! Here is my May 2016 Dividend Income summary!
