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.
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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.
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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.
Daily Dividend Portfolio Investment Rules
After living through the world wide stock market melt down in 2008 and 2009, I realized that if you are going to invest in equities, there is never a guarantee that any individual stock will hold it’s asset value. During the sell-off, many high quality stocks declined in value 30/40/50% or more, just like their lower-quality counterparts. There was often no rhyme or reason for valuations – the entire market had deiced to sell. During this volatile time, I decided two things:
- Now is a good time to start buying.
- If you are going to buy equities, purchase shares that offer dependable increasing dividends.
Back from vacation – the cash keeps on flowing…
My family just returned from a 2 week vacation in the Pacific Northwest and Alaska Cruise on the Disney Wonder. We visited the Space Needle in Seattle, Stanley Park in Vancouver and enjoyed a great trip sailing up the inside passage of Alaska to some great ports including Skagway, Juneau, Ketchikan as well as seeing the fantastic glacier at Tracy Arm.
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