Month of May Stock and Dividend Report
In the month of May, I started adding more Bonds to my portfolio. You can’t see this here, but both of my retirement accounts already held a good bit of bond funds that are doing incredible; beating the market in some cases.
The Putnam Managed Fund is a Closed End Fund, something I was new to, but had done a good bit of investment research on. One unique thing about this closed end fund is it pays a MONTHLY dividend, as opposed to a QUARTERLY dividend.
At this point, my dividends are very small, but a lot of my investment additions were after ex-dividend dates, so I expect this to grow in June.
New stock positions for May included:
- Kroger (KR) -IRA
- Eastman (EMN)
- TLT ishares Treasury Bond ETF
- MUB Ishares National Municipal Bond Fund
- Putnam Managed Municipal Income trust (PMM)
- Medical Properties Trust = IRA
Stock Positions I sold:
- Delta-8.5% profit
- Macy’s (I still hold half my Macy’s shares)-I sold for a small loss, more on this later
May Dividend Breakdown ($21.72 Total):
- General Mills-$10.29
- Delta $7.35
- Ennis $4.08
My two retirement accounts are not discussed here; however, I received dividends from them as well. These retirement accounts are largely just index funds with a few stocks.