[Shared] To DRIP or Not to DRIP

Excellent post on Dividend Dreams on DRIP vs not DRIP.  Worth the read.

http://dividenddreams.com/to-drip-or-not-to-drip/

I think most people in the Dividend Growth world do have most of their stuff to auto DRIP.

Mine is set to auto DRIP in the IRA (I'm a long way off from reaching monthly/yearly goals or having full positions in stocks in the portfolio).  Once those goals are met I'll probably turn off DRIP for selected stock that I have full positions in and use that money to add to other positions or new positions.

Loyal3 doesn't do DRIP I plan to use any dividend income there to purchase additional shares manually.

End of February Update

Update for Feb:

Opened a Loyal 3 account and established 9 positions. There is some overlap with the IRA. The portfolio page was updated to reflect the new positions. I plan to add to these positions every month.

1 purchase of STWD (REIT)  10 shares @24.50

More background here: http://divgro.blogspot.com/2015/02/recent-buy-starwood-property-trust-inc.html   The 10 shares should generate $19.20 of annual dividend income.


Dividend income for the month was: $140.28  Everything in the IRA is DRIP so it was all reinvested back into the stock that generated it.  I'll add that it is pretty exciting to get paid to just hold onto stocks.

Purchased a logo on Fiverr for 5 bucks. Its OK and better than I would have come up with, so it stays for now.

Thanks for reading

End of January updates

Wrap up for January

-initiated a postion in OHI @ 44.4599 and MKC @ 70.85

-add to PG @ 84.50 to average down

-GE DRIP 0.238 GE @ 24.3306


Musings:

Wow CAT. Really couldn't have gotten too much worse of an entry in retrospect. Thankfully its a long term hold.

Dividend income predictions, did notice that my dividend income predictions will be lower than I have on my spreadsheet. Why? spreadsheet assumes 4 dividend payments throughout the year which wont be the case for some of the stocks (or I added after ex-div date and).   Some of the positions I initiated this month were based on ex-dividend date.

Need to do more research/planning on determining Fair Value, this should help make entries and additions to the portfolio at a better price point. Thanks to DivHunt for the reminder. Still new to this.

       
         

DRIP Purchase (KRFT)

Bought 0.21 KRFT @ 65.5547 via DRIP

This adds .46 to my yearly dividend income.

Drip Purchase (O)

Bought 0.088 O @ 52.4085 via DRIP  this adds $.19 to my yearly dividend income

DRIP Purchase (CB)

Bought 0.049 CB @ 101.6596

This takes projected income from $20 to $20.10        

DRIP Purchase (HDV)

1/02/2015  Bought 0.087 HDV @ 76.5371  via DRIP

This took annual dividend on this stock holding from $24.50 to $24.71   wwwwwwooooohooooo!

The public sheet hides the shares but the weight was updated

DRIP Purchase (IDV)

Will try to update DRIP purchases on this blog

12/30/2014  Bought 0.672 IDV @ 34.0445  via DRIP

This took annual dividend on this stock holding from $88.37 (2014 values) to $98.21 (2015 $/per share). (Dividend increase for 2015)

portfolio spreadsheet was updated to reflect the new amount of shares owned.

DRIP Purchase (VYM)

Will try to update DRIP purchases on this blog

12/26/2014  Bought 0.081 VYM @ 69.9863  via DRIP

this took annual dividend on this stock holding from 18.93 to 19.09. (Hold onto your socks!)

portfolio spreadsheet was updated to reflect the new amount of shares owned.