Weekend Update - 3/9/13

Well, it has been quite a ride up.  This week we hit the all time high for the Dow.  My portfolio is up over 10% in 2013 and it was up another 9% the last 6 weeks of 2012.  I know CNBC must love it, as their rating always go up in a rising market.

Every day now, people opine on what will happen next.  Frankly I have not a clue.  I am sitting about 25% in cash, so I actually would not "mind" stocks getting a bit cheaper.  I suspect a lot of other people are thinking the same thing.  So any pullback could be shallow.  Instead, I will likely look for targeted value opportunities.  It is a bit more work, but has worked okay for me in 2013.  I think I got stocks like CIM, ABR, FCX and AOD at pretty good prices.

Upcoming Dividends

As my readers know, I try (at times) to focus on dividends from my portfolio rather than total value.  I find total value can be arbitrary, it hot markets it is too high and in bear markets it is too low and can cause undue stress.  If instead you focus on dividends, as long as those are constantly going up I believe everything else is noise.

The back 1/2 of March is pretty busy on the dividend front.  Here is what I show as on tap:

Stock	Shares	x Date	Div/Share	Est New Shares	Amount
CSQ	5,519	3/11/13	$         0.07	36.00	386.31
NEM	800	3/11/13	$         0.43	8.00	340.00
HFC	912	3/13/13	$         0.30	4.00	273.66
JQC	3,135	3/13/13	$         0.07	20.00	216.97
BHK	2,270	3/13/13	$         0.07	11.00	165.72
WU	1,585	3/13/13	$         0.13	13.00	198.07
AOD	12,968	3/19/13	$         0.03	86.00	350.14
CIM	20,000	3/27/13	$         0.09	580.00	1,800.00
OIBAX	3,972	3/31/13	$         0.02	12.00	79.45
O	563	3/31/13	$         0.18	2.00	101.80
JPM	1,684	4/2/13	$         0.30	10.00	505.12

I am especially looking forward to that first juicy CIM dividend.  It yields over 11% and is a very large holding for me.  Hopefully, it is sustainable.

Dividend Portfolio

On the year, my dividend portfolio has actually not quite kept up with the averages, as I am up just 8.4%.  AAPL is one big reason for the under-performance, but I also have a few hybrid type holdings (read bonds) and these are not high-fliers. That is ok.  As I state many times, I am not trying to get rich quickly.

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	151	527.49	431.72	397.50	-17.7%	9.9%	-27.6%
ABR	4,566	7.19	8.21	540.00	15.8%	2.3%	13.4%
AOD	12,968	3.91	4.07	270.00	4.5%	4.0%	0.6%
BHK	2,270	12.79	14.75	3,118.18	26.1%	15.6%	10.5%
CIM	20,000	2.77	3.10	-	11.8%	5.4%	6.4%
CSCO	4,292	17.22	21.83	2,013.95	29.5%	17.2%	12.3%
CSQ	5,519	8.29	10.57	6,001.20	40.6%	33.3%	7.3%
FCX	1,560	32.17	33.28	343.75	4.1%	8.3%	-4.2%
HFC	912	36.21	56.09	2,412.29	62.2%	13.9%	48.3%
INTC	1,996	20.99	21.58	2,442.56	8.6%	26.5%	-17.9%
JPM	1,684	35.29	50.20	1,494.26	44.7%	17.1%	27.7%
JQC	3,135	9.18	10.36	3,755.66	25.9%	15.4%	10.5%
KMF	1,873	22.08	32.17	4,453.63	56.5%	29.4%	27.0%
NEM	800	41.18	39.25	-	-4.7%	3.8%	-8.5%
O	563	19.62	45.90	7,665.26	203.3%	82.0%	121.4%
OIBAX	3,972	4.95	6.54	6,982.85	67.6%	82.9%	-15.3%
PGR	2,118	20.56	24.84	2,596.23	26.8%	15.2%	11.6%
PRE	540	67.59	90.94	1,628.69	39.0%	15.4%	23.6%
PVD	427	65.11	104.66	3,787.87	74.4%	29.9%	44.5%
SAI	4,726	12.83	12.20	1,938.29	-1.7%	10.7%	-12.4%
STO	1,040	23.82	24.87	1,121.00	9.0%	32.4%	-23.5%
Total Open				52,963	24.1%	17.0%	7.2%
Closed					13.1%	9.8%	3.3%
Combined					16.1%	11.8%	4.3%
Annualized IRR Since 12/31/10					17.5%
2013 Gain					8.4%

Current Yields

My current portfolio is yielding 4.8%.  Not bad.  Interestingly, it is yielding 5.9% to my cost basis.  This is where I look at what i paid for the portfolio rather than what it is currently worth.

Stock	Shares	Ann Dividend / Share	Yield	Projected Dividend	Sector
AAPL	151	$      10.80	2.5%	1,634	Consumer
ABR	4,566	$        0.48	5.8%	2,192	Real Estate
AOD	12,968	$        0.32	8.0%	4,202	Utility
BHK	2,270	$        0.88	5.9%	1,989	Bond
CIM	20,000	$        0.36	11.6%	7,200	Real Estate
CSCO	4,292	$        0.56	2.6%	2,404	Tech
CSQ	5,519	$        0.84	7.9%	4,636	Hybrid
FCX	1,560	$        1.25	3.8%	1,950	Resources
HFC	912	$        1.70	3.0%	1,551	Resources
INTC	1,996	$        0.90	4.2%	1,796	Tech
JPM	1,684	$        1.20	2.4%	2,020	Finance
JQC	3,135	$        0.80	7.7%	2,508	Hybrid
KMF	1,873	$        1.77	5.5%	3,316	Pipelines
NEM	800	$        1.40	3.6%	1,120	Resources
O	563	$        2.17	4.7%	1,221	Services
OIBAX	3,972	$        0.29	4.4%	1,152	Bond
PGR	2,118	$        0.41	1.7%	869	Insurance
PRE	540	$        2.56	2.8%	1,381	Insurance
PVD	427	$        7.65	7.3%	3,266	Finance
SAI	4,726	$        0.48	3.9%	2,269	Services
STO	1,040	$        0.98	3.9%	1,019	Resources
Total			4.8%	49,693

Recent Increases

As I harp upon regularly, to me it is not just about the current dividend, but the potential for increases in dividends.  "Raising the Dividend" are amongst my favorite three words (do not tell my wife).  Here are some increases I have tracked:

Date	Stock	Prior	Current	Change
12/1/11	KMF	1.64	1.67	2%
1/31/12	CSQ	0.63	0.84	33%
2/3/12	PRE	2.40	2.48	3%
2/7/12	STO	0.94	0.98	4%
2/7/12	FCX	1.00	1.25	25%
2/9/12	CSCO	0.24	0.32	33%
4/2/12	KMF	1.67	1.70	2%
5/7/12	INTC	0.84	0.90	7%
5/10/12	PVD	4.67	5.13	10%
6/5/12	HFC	0.40	0.60	50%
6/6/12	BHK	0.80	0.88	9%
6/28/12	KMF	1.70	1.72	1%
8/15/12	CSCO	0.32	0.56	75%
9/28/12	KMF	1.72	1.74	1%
10/1/12	MSFT	0.80	0.92	15%
11/2/12	HFC	0.60	0.80	33%
5/10/12	PVD	4.67	5.13	10%
6/5/12	HFC	0.40	0.60	50%
6/6/12	BHK	0.80	0.88	9%
6/28/12	KMF	1.70	1.72	1%
12/18/12	KMF	1.74	1.77	2%
12/12/12	JQC	0.80	0.83	3%
1/29/13	O	1.82	2.17	19%
2/6/13	PRE	2.48	2.56	3%
2/13/13	NUS	0.80	1.20	50%
2/20/13	HFC	0.80	1.20	50%
2/20/13	ABR	0.44	0.48	9%

There have been other increases, but I edited out ones on stocks I no longer own (why oh why did I sell LNC???). I think I will stop here.  Later this weekend, I will talk a bit about MFI and other topics.