May is officially behind us, which means it’s time for one of my favorite types of posts: dividend recaps! I love these posts because they embody the tangible power of dividend growth investing, which lies in the ever-flowing stream of passive income that my portfolio generates on a monthly basis. I started investing in late December 2014, but I didn’t receive my first dividends until February 2015, when I earned $6.26. This is effectively the fourth month I’ve ever received dividends in my life, so let’s take a look at who paid me what, and how my earnings stack up compared to last month.
|BreitBurn Energy Partners||$4.17|
|Omega Healthcare Investors||$3.78|
|Procter & Gamble||$3.98|
|Textainer Group Holdings||$7.05|
As you can see, I received dividends from 7 different companies for a total of nearly $35. This is almost double the payout of $17.51 that I received last month, which is fantastic progress.
The lion’s share of my earnings came from Apple, which I initiated a position in back in April and doubled down in a few weeks later, right before the ex-dividend date. Apple is a company I feel tremendously bullish about, and I’m glad to have added it to my portfolio while snagging that dividend along the way.
My second largest payer was Textainer Group Holdings, a company that sells and leases marine cargo containers at the commercial level. Textainer’s stock hasn’t been doing very well as of late, largely due to current low interest rates and cheap commodity prices (such as steel for example). In spite of these headwinds, operational performance remains strong, and I am fairly confident that the company isn’t facing any real long-term threats. It’s not like marine freight transport is gonna go extinct any time soon, and with interest rates supposedly due to rise any day now, rental rates will almost certainly follow suit. Plus, in the meantime, shareholders get to enjoy the company’s fat yield in the region of 6% 😉
The rest of my passive income was pretty much evenly distributed between BreitBurn Energy Partners, Hasbro, Omega Healthcare Investors, Procter & Gamble, and Verizon. Hasbro in particular has been treating me very well, with the stock up more than 20% since I purchased it in January. I think the company has a very bright future, as its recent deal with Disney granting them exclusive rights to develop toys for the Marvel and Star Wars franchises will undoubtedly generate copious amounts of revenue for years to come. After all, Spider-Man action figures, FX lightsabers, and Princess Leia blow-up dolls will never go out of style.
So that wraps up May, and I have to say, I’m super stoked about my progress so far. I’ve only been investing for a few months and I am already reaping decent, tangible results. It’s all very exciting. My thirst for dividends is unquenchable; I want moar divis nao. Moar! Haha.
Anyway, onward to June!
What about you, my esteemed reader? How was your month of May? Did you collect some nice dividends? Let me know in the comments!
Disclosure: long AAPL, BBEP, HAS, OHI, PG, TGH, VZ