Some stability… that’s the summary of my dividend portfolio’s progress for the month of March 2009. The month of March had some good opportunities. I initiated few starter positions in ETFs and stocks which I had been waiting for to fall into my buy range. Attached below is the summary table to reflect the status as of March 31, 2009.
Portfolio Status Update
- The total portfolio dividend cash flow was $1380 (up from $1317). This change was combination of dividend cuts (WFC), new purchases (PG), and additions (DUK and O).
- The portfolio’s total yield on cost crawled up to 5.05% (up from 4.94%).
- Purchased PG with annualized dividends of $48 (3.5% of total portfolio dividends). The purchase yield was 3.06%.
Additions to Existing Positions
- Added to DUK with total annualized dividends now at $85 (6.1% of total portfolio dividends). The purchase yield was 7.41%.
- Added to O with total annualized dividends now at $115 (8.3% of total portfolio dividends). The purchase yield was 10.67%.
- I am continuing to hold WFC even tough it cut its dividend. This is my third stock (BAC and GE being other two), that I decided to continue to hold for long term. As of today, based on the information that is out there, I believe these three corporations will continue to exist for 10 years and beyond. In addition, the funds that will become available after selling of these positions will not make any significant impact on my portfolio.
- In my index portfolio, I also initiated starter position in VWO.
The next monthly progress update will be on May 1, 2009. The month of March is also the end of 1Q 2009. Shortly, I will publish the risk analysis of my dividend portfolio.