My Investing Journey with Passive Income and Stock Market investing

Month: November 2019

NOVEMBER DIVIDEND REPORT

It is that time again, time for another DIVIDEND STOCK REPORT.

Putnam $7.36

General Mills $10.29

Darden Restaurants $7.04

Ennis $28.13

Kaiser Aluminum $3.00

Eaton Vance $18.75

Cash Interest $0.75

TOTAL $75.32

Now, let’s compare where this particular quarter’s income was previously. Three quarters ago, I was sitting at a total DIVIDEND INCOME of $56.06 in my Brokerage account and $5.56 in my IRA account. The total from my IRA account this month was only $1.00 (from cash reserves and Fidelity LONG-TERM Bond fund). This was due to selling most of my Long-term bond funds.

So, the good news is this represents a 35.45% increase in dividends from 3 quarters ago in my brokerage. Talk about awesome.

As always, here is the corresponding Youtube video concerning this report:

Correcting Beginner Investing Mistakes, Dividend Stocks & Netflix

This week I finally got the opportunity to sell some of my Fidelity Health Care Services Mutual Fund for a profit. I’ve been holding this for over a year and it’s been a poor performer until recently.

What were the mistakes I made with this stock?

1)Inside my IRA, I bought too much of it and ended up being overweight.

2)I bought another lot of it in my TAXABLE BROKERAGE account. This Mutual Fund shoots out long and short term capital gains, which are bad from a tax perspective. Something I recommend holding only in an IRA or Roth IRA.

I was anxious to reallocate my retirement account, using these funds to buy more dividend and some growth stocks. I was anxious to take the profits from my brokerage account and buy DIVIDEND STOCKS.

What else is going on with my Dividend Stocks?

Six flags started off good a few weeks back and is still bouncing around, Westrock is still building momentum. Standouts include Ryman Hospitality Properties and Hyatt Hotels.

Hyatt Hotels has had A LOT of bearish sentiment lately but I remain Bullish on the company. Earnings growth was over 30% last quarter, even though it was negative on the year. I’ve noticed lots of new openings with Hyatt around the world in different countries the last three weeks.

Eaton Vance had a nice earnings report. Despite missing revenue, earnings per share was up nice. The stock has turned down and is sliding a bit but COULD present a great buying opportunity here.

I did the UNTHINKABLE this week; I bought another share of Netflix. Netflix is the anti-thesis of everything else I buy. It has a negative cash flow, a P/E of almost 100. However, despite all the Disney Hoo-rah lately, I remain very positive on Netflix. I think it will be a few years before it’s cash positive but I see it as expanding internationally and adding more and more content to it’s library. Only time will tell if this small gamble pays off.

Stock Research Websites | Institutional Buying

Here are some of my favorite websites I visit to see what the big guys are buying and selling:

First and Foremost there is Marketbeat.com. This website has a lot of stuff but I look for the institutional buying section and see if there have been inflows and outflows into specific stocks.

Secondly, there is old.nasdaq.com. I used this A LOT when I first began stock investing. They have something called GURU ANALYSIS and it shows you ideas from what a famous investor might pick based on specific metrics they like. For example, they have a Peter Lynch and Benjamin Graham screener. I got A LOT of ideas from this my first month as a stock investor.

I also like holdingschannel.com. Here you can click on a specific institution and see all of their positions, whether they own calls and puts as well. How much their positions have changed. Watch the video below to see me check in on people like Goldman Saachs and their positions.

As always, here is the corresponding youtube video I did on the websites and walking you through using them.

This is of course not a substitute for looking at companies books, looking at valuations; however, I do believe it can be a part of our Due Diligence when it comes to investing in the stock market.

Pay Raises Dividend Style!

The companies I own have been increasing their dividend this past month. Here are just a few of them:

Eaton Vance gave me a very nice pay raise of 8.57%. The annual dividend per share went from 1.4 to 1.52.

Westrock- 1.82 to 1.86 for an increase of 2.2%

Six Flags-3.28 to 3.32 annual per share owned. This is only a penny per quarter but I didn’t expect to see a raise from Six Flags. So it looks like a 1.21% annual increase here.

Medical Properties Trust in August raised its dividend from 1.00 to 1.04 per share annually. This is an increase of 4%. This was less than shareholders expected given what I’ve read.

As you can see, the company with the lowest dividend yield raised theirs the most. The company with the highest yield, Six Flags, raised its dividend the least amount. Eaton Vance is a DIVIDEND ARISTOCRAT with over 30 years of increasing its dividend, seriously impressive.

As usual, here is my corresponding youtube video to go with this post!

Portfolio Updates for November

Six Flags

I began purchasing Six Flags on October 24th. I purchased three times and now I am up a total of 3.10%. Volumes have been increasing but there have also been some VERY obvious manipulation attempts to the stock. So, we will see what the larger institutions do with this one. It is still paying over a 7% dividend! I got in around a 7.7% dividend yield, incredible.


Xenia Hotels and Resorts #XHR

I bought only a few shares of this REIT on Nov 1st. I am currently DOWN 2.76%. It recently had an earnings report where it beat Funds from Operations expectations. Its FFO is up .01 quarter to quarter over the year. The current dividend yield is over 5% and the dividend is seriously well covered.


Ryman Hospitality Trust #RHP

I am now up 12% in RHP, not counting dividends at all. I will continue to purchase shares of RHP over the next year on any dips. However, at the moment I’m feeling a bit overweight in my portfolio in this one due to capital gains. Once again, the most recent earnings report showed an incredible increase in FFO.


Darden Restaurants #DRI:

I’ve taken more nibbles at Darden because it was back on a trend down. So, I picked up some more shares at 108 and 112. It has since went back up. Darden is a great DIVIDEND GROWER and has a nice free cash flow. I believe it will reward shareholders tremendously over the next 5 years.


Quest Diagnostics

I purchased a few more shares of #DGX at the end of October. I am currently watching and will buy it when it slips below 100/share. I think the stock is on the trend downwards but I still like it over the long-term. Quest has a decent max drawdown during economic slowdowns so it is a bit of a defensive play for me.


Hooker Furniture Company:

I said in a previous video to watch #HOFT, as it’s been gaining momentum. It is still going up and I believe it’ll be back to 27 in no time. I plan on purchasing more as it swings up. I haven’t bought since April because it’s my worst performing position and I want to make sure I’m not catching a falling knife here. I think 2020 will bring great things for HOFT as it makes some adjustments to its business.


Westrock

Westrock has been my big buy lately. I think the company is still undervalued, it pays near a 5% dividend. They also just INCREASED THEIR DIVIDEND! So, between that, a decent earnings report and signs of paying their debts down; I bought even more #WRK this month.


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