Tuesday, October 7, 2014

September Dividend Update

It's time to report on my September dividend income. It looks like a new record once again! We shattered the previous record by a whopping 3 cents thanks to those small monthly dividend increases from Reality Income (O). :-)  So pretty much not much has happened since last quarter since I've made no purchases and received no dividend increases for this quarter other than Realty Income's

September 2014 Purchases
  • Tompkins Financial (TMP) - 26 shares @ $44.50

September 2014 Dividend Income
  • Chevron (CVX) - $57.78
  • Universal Health Realty Trust (UHT) - $31.50
  • McDonalds - $28.35
  • Pepsi (PEP) - $28.17
  • Avista (AVA) - $18.42
  • Realty Income (O) - $18.28
  • Lorillard (LO) - $21.88
  • Walmart (WMT) - $16.32
  • Johnson & Johnson (JNJ) - $11.90

Total Dividends For August: - $227.94

Sunday, October 5, 2014

Gold Resource Corporation Reports September Monthly Dividend

Gold Resource Corporation (NYSE: GORO) announced its monthly instituted dividend of $0.01 per stock for the month of September, which is payable to investors on October 23, 2014. September's monthly dividend report marks GORO's milestone of returning more than 100 million cash dividends to shareholders since its public production in 2010.

As of September 2014, the company has paid 51 consecutive dividends per month to its investors.

"We reached a major milestone for a junior precious metal producer now having returned over one hundred million dollars back to the owners of the Company, its shareholders, in just over four years," said Jason Reid, the president and CEO of Gold Resource Corporation. "This achievement is not only rare for a junior miner, but coupled with our conversion program allowing shareholders to convert cash dividends to physical gold and silver, is unique to this industry. Both the level of dividends and the cash to physical metal conversion option underscore management's shareholder friendly and focused philosophy. We remain committed to monthly dividends and the physical conversion option not only during these current volatile metal markets, but look forward to the future when hopefully the bull market in the metals space returns."

The cash dividend conversion that Reid is talking about is GORO’s “Double Eagle” program that allows investors to receive .999 fine gold or silver coins as part of their dividend payout. It is a unique way to get exposure in gold, since investors can mix their dividends with cash and precious metals. In an article by BullionVault, Herve Hannoun of Banque de France points out that gold remains an important investment today, even if it’s not an interest-bearing asset, because of three things: security, liquidity, and diversification.

GORO’s dividends vary in amount and regularity, and can be ceased at the Board of Directors’ judgment.

About Gold and Resource Corporation

Gold Resource Corporation is a gold mining company with projects that feature low-operational costs and high investment returns. Its main focus is on cash flow, with priority on dividends for investors and owners of the company. It has a total of 54,179,369 shares outstanding and no warrants. The company is currently exploring new mining deposits at its Oaxaca Mining Unit located in Southern Mexico.

*** This article was a guest post. ***

Tuesday, September 30, 2014

Recent Buy - Tompkins Financial (TMP)

It that time again where I make my monthly stock purchase. These monthly purchases started out as monthly purchases but are now getting close to every 3 weeks as my dividends help boost me over my $1000 minimum purchase total faster and faster.

This time I have decided to purchase a small bank called Tompkins Financial. Most of you may have never heard of this little bank but it is a dividend champion with 27 years of dividend raises. The company has been around for over 170 years and operates over 65 banks in the north eastern United States.

I was torn between buying more General Mills (GIS) and starting a position in Tompkins Financial (TMP) since both have been on a bit of a downtrend lately. Ultimately I went with TMP simply for more diversity.

A curious thing happened with my order at my brokerage. My purchase price was $44.50 which was actually higher than the daily range of the stock price over the entire trading day. The trading range went from $44.12 - $44.44 which I checked on a few sites. I have no idea how my brokerage managed to execute my order so poorly and even if it did go through shouldn't the daily range been at least $44.50 on the high range ? It wasn't a premarket order or anything like that, just a limit order which I wish I set a tad lower. Not a big deal but I've never seen that before.

Edit: I contacted my broker to find out more about the trade and they cleared things up for me. Turns out that unless the transaction is at least 100 shares it will not be reflected in the daily trading range. Makes me wonder what the daily trading ranges really are in some stocks.

TMP Stock Chart

TMP Basic Statistics

TMP Dividend Growth

Sunday, August 31, 2014

August Dividend Update

It's time to report on my August dividends and I nearly had my highest dividend total ever at $227.68 which just barely missed beating my June number by 23 cents. My recent purchase of KMI (pre merger news) helped bolster my income as did a couple of dividend raises that I've listed below.

August Dividend Increases

Kinder Morgan (KMI) - From .42 to .43 +2.3%
Clorox (CLX) - From .71 to .74 +4.2%

(The low growth in KMI is misleading as they tend to increase dividends multiple times per year.)

August Purchases
  • Coca Cola (KO) - 20 shares @ $39.38

August 2014 Dividend Income
  • AT&T (T) - $45.08
  • General Mills (GIS) - $22.55
  • WGL Holdings - $29.04
  • Clorox (CLX) - $14.06
  • Realty Income (O) - $18.28
  • Kinder Morgan (KMI) - $39.99
  • Proctor & Gamble (PG) - $21.88
  • Peoples United Financial  (PBCT) - $36.80

Total Dividends For August: $227.68

Looks like I've got that chart back on the right track after a weak July.