While no one likes to see their portfolio lose value, I am ok with a correction. I have moved to some cash, so I am relatively defensive. In addition, the beauty of my dividend portfolio is that I am re-investing the dividends, so lower prices ==> more shares. As long as dividends are not getting slashed, I should be fine.
My Dividend Portfolio
| Stock | Shares | Avg Cost | Current Price | Dividends Received | Pct Change | R3K Change | Diff |
| BHK | 2,219 | 12.73 | 15.48 | 2,256 | 29.6% | 5.7% | 23.9% |
| CSCO | 4,262 | 17.20 | 18.04 | 1,417 | 6.8% | 7.0% | -0.2% |
| CSQ | 5,404 | 8.26 | 10.17 | 4,487 | 33.3% | 22.2% | 11.0% |
| FSC | 2,753 | 9.79 | 10.70 | 1,532 | 14.9% | 4.9% | 10.0% |
| HFC | 1,100 | 33.98 | 38.18 | 1,814 | 17.2% | 3.6% | 13.6% |
| INTC | 1,952 | 21.01 | 21.27 | 1,559 | 5.0% | 15.9% | -10.8% |
| JPM | 1,673 | 35.23 | 42.32 | 992 | 21.8% | 6.9% | 14.9% |
| JQC | 4,135 | 9.10 | 9.78 | 4,108 | 18.4% | 6.5% | 11.9% |
| KMF | 1,844 | 21.96 | 28.46 | 3,637 | 38.6% | 18.5% | 20.0% |
| KSS | 632 | 48.18 | 52.93 | 400 | 11.2% | 5.3% | 5.8% |
| MPC | 579 | 43.89 | 54.94 | 343 | 26.5% | 4.6% | 21.9% |
| MSFT | 965 | 26.83 | 28.64 | 1,267 | 11.6% | 16.2% | -4.6% |
| O | 552 | 19.17 | 40.94 | 7,212 | 181.6% | 69.0% | 112.6% |
| OIBAX | 3,861 | 4.91 | 6.59 | 6,423 | 68.2% | 69.4% | -1.2% |
| PGR | 2,000 | 20.48 | 22.92 | - | 11.9% | 5.4% | 6.5% |
| PRE | 532 | 67.33 | 79.95 | 956 | 21.4% | 5.4% | 16.0% |
| PVD | 417 | 64.11 | 109.25 | 2,737 | 80.6% | 19.1% | 61.6% |
| SAI | 4,680 | 12.83 | 10.89 | 1,377 | -12.9% | 1.0% | -13.9% |
| STO | 1,040 | 23.82 | 25.78 | 1,121 | 12.8% | 20.8% | -8.1% |
| TROX | 2,423 | 23.94 | 22.84 | 500 | -3.7% | 4.2% | -7.9% |
| VIVHY | 2,296 | 16.70 | 20.30 | 3,749 | 31.3% | 4.0% | 27.3% |
| WBK | 508 | 105.89 | 129.83 | 6,166 | 34.1% | 16.8% | 17.3% |
| Total Open | 54,053 | 21.4% | 11.4% | 10.0% | |||
| Closed | 11.3% | 9.2% | 2.1% | ||||
| Combined | 14.3% | 9.8% | 4.4% | ||||
| IRR Since 12/31/10 | 15.4% | ||||||
| 2012 Gain | 21.9% | ||||||
As you can see, it really continues to be a stellar year. I did have one transaction (outside of re-investments) during the week. I sold 1/2 my PRE position. It had had a great run. The sale is a long term capital gain, and I wanted to lock that in at a 15% tax rate. In addition, I am a little bit worried about a shift in the Property Catastrophe Reinsurance market, which is about 10 to 12% of PRE book. More and more hedge funds and pensions are entering this market with their capital and rates could start getting driven down. I still think they are a solid company with a great balance sheet, so I still hold a pretty sizeable investment in them.
Here are my dividend yields and upcoming dividends:
| Estimated Dividends for Next 12 Months | ||||||
| Stock | Shares | Ann Dividend / Share | Yield | Projected Dividend | Sector | Worth |
| BHK | 2,219 | $ 0.88 | 5.7% | 1,944 | Bond | 34,349 |
| CSCO | 4,262 | $ 0.56 | 3.1% | 2,387 | Tech | 76,895 |
| CSQ | 5,404 | $ 0.84 | 8.3% | 4,539 | Hybrid | 54,955 |
| FSC | 2,753 | $ 1.15 | 10.7% | 3,164 | Hybrid | 29,452 |
| HFC | 1,100 | $ 1.40 | 3.7% | 1,540 | Resources | 41,996 |
| INTC | 1,952 | $ 0.92 | 4.3% | 1,796 | Tech | 41,514 |
| JPM | 1,673 | $ 1.20 | 2.8% | 2,007 | Finance | 70,786 |
| JQC | 4,135 | $ 0.80 | 8.2% | 3,308 | Hybrid | 40,445 |
| KMF | 1,844 | $ 1.72 | 6.0% | 3,172 | Pipelines | 52,491 |
| KSS | 632 | $ 1.28 | 2.4% | 809 | Consumer | 33,472 |
| MPC | 579 | $ 1.40 | 2.5% | 810 | Resources | 31,805 |
| MSFT | 965 | $ 0.80 | 2.8% | 772 | Tech | 27,649 |
| O | 552 | $ 1.72 | 4.2% | 949 | Services | 22,598 |
| OIBAX | 3,861 | $ 0.34 | 5.1% | 1,309 | Bond | 25,442 |
| PGR | 2,000 | $ 0.41 | 1.8% | 820 | Insurance | 45,840 |
| PRE | 532 | $ 2.56 | 3.2% | 1,361 | Insurance | 42,513 |
| PVD | 417 | $ 5.13 | 4.7% | 2,140 | Finance | 45,578 |
| SAI | 4,680 | $ 0.48 | 4.4% | 2,246 | Services | 50,967 |
| STO | 1,040 | $ 0.98 | 3.8% | 1,019 | Resources | 26,806 |
| TROX | 2,423 | $ 1.00 | 4.4% | 2,423 | Resources | 55,330 |
| VIVHY | 2,296 | $ 1.30 | 6.4% | 2,985 | Consumer | 46,609 |
| WBK | 508 | $ 8.13 | 6.3% | 4,126 | Finance | 65,897 |
| - | ||||||
| Total | 4.7% | 45,629 | 963,388 | |||
| Upcoming Dividends | ||||||
| Stock | Shares | x Date | Div/Share | Est New Shares | Amount | |
| PVD | 417 | 10/22/12 | $ 2.52 | 9.0 | 1,051 | |
| OIBAX | 3,861 | 10/30/12 | $ 0.02 | 10.0 | 69 | |
| O | 552 | 10/30/12 | $ 0.15 | 2.0 | 83 | |
| INTC | 1,952 | 11/3/12 | $ 0.23 | 20.0 | 439 | |
| CSQ | 5,404 | 11/9/12 | $ 0.07 | 37.0 | 378 | |
| BHK | 2,219 | 11/11/12 | $ 0.07 | 10.0 | 162 | |
| FSC | 2,753 | 11/11/12 | $ 0.10 | 24.0 | 264 | |
| JQC | 4,135 | 11/12/12 | $ 0.07 | 28.0 | 276 | |
| MPC | 579 | 11/14/12 | $ 0.35 | 3.0 | 203 | |
| MSFT | 965 | 11/14/12 | $ 0.23 | 13.0 | 222 | |
| WBK | 508 | 11/15/12 | $ 4.20 | 16.0 | 2,132 | |
I do like the metric of dividends, rather than asset value as it is more stable and lets me be a little more rational, rather than being like Chicken Little. You will note PVD just announced their Fall dividend. $2.52 per share is very nice. That works out to 7% at their current value per year and 11.9% based on my cost basis. They paid $1.80 last year in the fall... so a nice bump.
Finally, here is my August 15 MFI portfolio. While it is still in the black, it has fallen back a bit. Still, can't complain. I am in it for a year... hopefully the MSFT Surface and Windows 8 will take off.
| Stock | Start | Current | Dividend | Pct Gain | R3K Gain |
| DLB | $34.43 | $31.75 | $0.00 | -7.8% | 2.4% |
| KFY | $13.98 | $13.68 | $0.00 | -2.1% | 2.4% |
| MSFT | $30.19 | $28.64 | $0.00 | -5.1% | 2.4% |
| NSU | $3.62 | $4.68 | $0.00 | 29.5% | 2.4% |
| UIS | $19.96 | $20.77 | $0.00 | 4.0% | 2.4% |
| Totals | 3.7% | 2.4% |
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