Tuesday, February 21, 2017

Recent Sell - Tompkins Financial (TMP)

Today was a rare day for me. I sold one of my positions completely. It's been a long time since I've sold one of my stocks and I don't plan on making a habit of this but when circumstances change so dramatically in such a short time I can't help but to evaluate and take action if I fell it is warranted.

This time around an old friend of mine in Tompkins Financial (TMP) was on the chopping block. Tompkins Financial Corporation is a small, diversified financial services company based in Ithaca, New York with banking branches across New York and Pennsylvania.

My decision to sell wasn't because of an accounting scandal or poor management. Quite the contrary and through no fault of their own TMP has simply become grossly overvalued.

 As you can see the stock has made quite a run in the last couple of years, nearly doubling since I purchased it in 2014. I kinda wish it had not made such a run so I could keep buying at a better yield, but now the yield is at 2% and the last dividend raise was a modest 2.3% raise when they typically raise 5% or so. TMP has very steadily growing earnings and even through the financial crisis earnings grew and the stock performed better than any other financial entity I can think of. That being said the valuation has grown far in excess of earnings growth and I am going to wait for the inevitable pullback before buying again.

With the funds from the sale I purchased 81 shares of Verizon (VZ) which offers a better yield and is a far better value at this time.

Sunday, February 5, 2017

12 Undervalued Dividend Growth Stocks

I just wanted to share a nice roundup of attractive dividend growth stocks that Chuck Carnevale compiled over at Seeking Alpha. These are stocks which Chuck feels are technically undervalued currently and he gives his reasons in the video below. I had two of these on my radar for my next purchase.



Here is a quick chart with Chucks metrics.

January 2017 Dividend Update


It's time for my January dividend update! My income for the month was $336.41, this is a bit lower than I was expecting due to the Kraft/Heinz (KHC) dividend payment falling in December. That's still over $300 of free income I didn't have to work for.

This month I made one purchase. I bought 14 shares of Proctor & Gamble (PG) - $1199.96 which should add another $9.38 in dividend income to next months totals!

January Dividend Increases
  • Sysco (SYY) - From .31 to .33 (+6.4%)
January Dividend Income
  • Walmart (WMT) - $43.50
  • New Jersey Resources (NJR) - $90.78
  • Pepsi (PEP) - $32.36
  • Philip Morris (PM) - $14.56
  • Altria (MO) - $57.95
  • GlaxoSmithKline (GSK) - $35.58
  • Realty Income (O) - $3.65
  • Sysco (SYY) - $21.78
  • Cisco (CSCO) - $9.62
  • Annaly Capital (NLY) - $16.80
  • Universal Health Trust (UHT) - $32.75
  • Powershares Muni Bond ETF (PZA) - $9.83
Total Dividends January 2017: - $336.41

In the chart below you can see my dividend growth, you will notice in the past 6 months my income has been reduced slightly, that was due to my sale of Realty Income. I used the proceeds to pay off my mortgage and I have now started to reinvest in Realty Income again (this time in a Roth IRA tax advantaged account ).



Sunday, January 15, 2017

December 2016 Dividend Income Update

It's time for my December dividend update! I'm a bit late posting my results as I've become quite lazy with my blog and suffering from a bit of burnout to be honest. I don't know how much longer I will continue posting if it keeps feeling more like a chore than a rewarding experience. Well see how it goes.

Anyway my income for the month of December was $376.56, this is a bit lower than last quarter due to Pepsi not paying this month. Pepsi has an odd payment schedule where their last payment for the year actually falls in early January. 

In other news I received my first dividend payment from Fundrise of $20.03 (prorated) which boils down to an 11.25% yield before taxes. Unfortunately with Fundrise the dividends are not automatically reinvested and instead go into your bank account. I have also made over $800 'working' online this month (nothing related to blogging) most of which will be reinvested in dividend stocks.

December Dividend Increases
  • McDonalds (MCD) - From .89 to .94 (+5.6%)
  • Universal Health Trust (UHT) - From .65 to .655 (+.7%)
December Dividend Income
  • Johnson & Johnson (JNJ) - $48.80
  • Unilever (UL) - $19.86
  • Exxon (XOM) - $51.00
  • Compass Minerals (CMP) - $22.24
  • Cullen Frost Bank (CFR) - $9.72
  • Travelers (TRV) - $8.04
  • Avista (AVA) - $19.87
  • McDonalds (MCD) - $32.90
  • Coke (KO) - $21.35
  • Kraft/Heinz (KHC) - $25.80
  • Flowers Foods (FLO) - $74.40
  • Universal Health Trust (UHT) - $32.75
  • Powershares Muni Bond ETF (PZA) - $9.83
Total Dividends December 2016: - $376.56

In the chart below you can see my dividend growth, you will notice in the past 6 months my income has been reduced slightly, that was due to my sale of Realty Income. I used the proceeds to pay off my mortgage and I have now started to reinvest in Realty Income again (this time in a Roth IRA tax advantaged account ).