Sunday, November 30, 2014

Dividend Income: November

Hi everyone!
Nothing new for me this month, just have been busy trying to find a new job. Still no luck.
But I have been on a few interviews so hopefully I can get a new job.

But it's good that my portfolio brings me some comfort, and some dividends.

I hope that I do get a job quickly so I can continue pushing forward towards my financial freedom. I can continue on that path even if I do not get a job soon, it is just so much slower. So anyway here is my Dividend Income for November.

Dividend Income: November

  • Gjensidige Forsikring (GJFO) NOK 260 ($37.32
  • AT&T Inc. (T) $36.80
  • American Realty Capital Properties, Inc. (ARCP) $24.67
  • Kinder Morgan Inc (KMI) $23.32
  • Realty Income Corp. (O) $8.42

Total: $130.53

That's just awesome, my November was better than my whole 3th Quarter (JUL-SEP). It rely brings comfort for me that this actually works. And I see that at least I'm doing something right. 

What comes to my portfolio, currently if we look at performance the best stock that I hold is Nike Inc (NKE) it has grown quite much 42.12%. Nike pays quite low dividend Div/yield 0.28/1.13 and has a P/E 30.95 Which is quite high. Currently this is my only "growth" company on my portfolio. Nike also increased its quarterly dividend by 17% from $0.24 to $0.28. Which is awesome. Hah I just realized I have been misspelling Which few times.. looks quite funny "witch is awesome" heh.

My worst stock by performance is American Realty Capital Properties (ARCP) and we all know why.
It has actually come back little bit, so that's good. I'm currently down for around (18.95%), but I believe that it will someday comeback. But that is just a speculation.

Anyway! How was your month? any good?

thanks for reading.

Sunday, November 2, 2014

Dividend Income: October & Recent Buy

We all have been shocked this week because of the American Realty Capital Corporation (ARCP) accounting mistakes. It is not something that usually happens, and it makes ARCP look like a less trustworthy company. Although I feel sad about what happened, I still bought more.

I bought 96 shares of American Realty Capital Corporation (ARCP)

This purchase increases my annual dividend income for around $92.16 

This purchase does not come without higher risk, and I did think these risk factors before my purchase. The biggest risk probably is that there is more accounting errors, and if there is ARCP will loose all that little bit of trust what they have left among the investors. But I also believe that the CEO and the Board Members have already looked through the files before making any announcements, and making sure that there isn't anything more that could surprise them, well that would be something I would do, I would make damn sure that there isn't anything else that could compromise the company, before announcing anything like that.

Also after listening the ARCP press conference (you can download it here ) ARCP CEO David S. Kay did what a CEO had to do and what he should do, he increased my confidence and comfort according to this issue. If everything bad was here the biggest blow is towards the reputation of the company. Even if it is a speculation I trust that everything bad was here and the stock itself is a bargain, and will eventually rise.

Conclusion: I do plan to hold ARCP for a long time, even if there would be a blow on the 2013 AFFO, and even if the dividend would fall 50% it would still yield a decent 5% dividend annually at the current price. But I would like to remind all of you that ARCP currently may or may not have a higher risk, so if you are planning to buy it you must make your own judgement.

Dividend Income: October

  • American Realty Capital Corporation (ARCP) $16.67
  • Realty Income Corp. (O) $8.42
  • Nike Inc (NKE) $4.56
  • Laclede Group Inc (LG) $20.68
  • The Coca-Cola Company (KO) $24.40
Total: $74.73

My monthly dividend income is starting to look an actual income instead of pennies, and I am really happy on this progress I have made. I will continue to purchase more good dividend businesses and increase my dividend income to be big enough to let me retire one day.


Any comments on my ARCP purchase are welcome.