A new look for the DDI blog…
I’ve spent some time over the last week or so tweaking the design and look of the Daily Dividend Investor blog. While ultimately, it’s true what they say that the substance and content is way more important than the style – I think style is important in that the content needs to be easy to read to have real value.
I spent a couple of hours previewing all of the WordPress themes that are available and finally settled on one called “Freshly”. I like it because the header image is clean and the menus are crisp and easy to find. I’m not thrilled about the font selection, but since I’m only using the free WordPress service I don’t get a lot of choices. For now I’m quite happy with this theme and the layout – I hope you’ll find it easier to read as well.
Over the next week or so I hope to provide more information / content about the current portfolio holdings as well as how I got where I am and how I plan to move the portfolio forward, as well as a Q&A section. I hope you will come back often – I look forward to hearing from you!
Dividend Increases for Thursday July 7, 2011
Western Gas Partners, LP (ticker: WES) increased their quarterly dividend today by $.025/share for an increase of 3.8%. Based on today’s closing price of $36.15/share Western Gas Partners pays out a 4.48% dividend yield.
Because WGP is a limited partnership, you will be issued a K-1 tax form each year and will be required to include US Federal Tax Form 1065 when completing your tax return. As I currently hold such small positions in the DDI portfolio I typically avoid adding shares of limited partnership interests to my holdings in an attempt to keep tax reporting as simple as possible.
I would consider making an exception for limited partnership interests that generate monthly income – however, Western Gas Partners currently pays dividends quarterly in August, November, February and May, so for now I won’t be considering adding shares of WGP.
Monthly Income Update: June 2011
As I had anticipated, June was a very good month for the DDI portfolio bringing in $556.14 in passive income for the month.
It was the first (and only) month in the 2nd Quarter in which the portfolio reached it’s goal of $500.00/month in passive cash flow.
While the income for the month blew through the monthly $500 goal, beating it handily by over 10%, it wasn’t enough to make up for the short-fall in both April and May.
Continue reading Monthly Income Update: June 2011 →
Stocks + Fireworks = Explosive week of gains
You know by now that the main focus of the DDI portfolio is (daily) income generation, but with a week like this, the Capital Appreciation that we saw in the markets is always always a nice side benefit. The DOW started the week at 11,943 and with 5 straight days of solid gains ended the week at 12,582 for a total gain of 639 points. On a percentage basis the index rose a whopping 5.3%! WOW…Let’s keep it going.
Continue reading Stocks + Fireworks = Explosive week of gains →
Dividend Increases for Wednesday June 29, 2011
General Mills (ticker: GIS) raised their dividend today from $.28/quarter to $.305/quarter, which equates to an increase of almost 9%. The annual payout is $1.20/share – based on today’s closing price of $37.38 this brings General Mills’ dividend yield to 3.26%.
This is good news for the DDI porfolio which already holds a position of 20 shares. The next dividend payment date for General Mills will be on August 1. Because General Mills has shown a trend of increasing dividends and a yield above 3% it will be included for consideration as I redeploy the free cash flow from the portfolio as June comes to a close.