Tuesday, October 2, 2012

Update month September month 6

The "Project Portfolio"

Monthly Update: September


Investing Account
Starting Balance -- $9053.06

Deposit -- $0
Dividends -- $39.22
Net Gain or Loss -- ($4.30
)
Realized Gain or Loss -- $214.50
Ending Balance -- $9048.76
August Starting Balance -- $9048.76


Stock Shares and Dividend Update
This month there was many dividends from WM, MCD, ABX, MSFT, ERF, and WAG. The year to date dividends payments are $121.68 which is 1.3% of the total money in the investment account. The average payment per month is $10.14 with estimate full year at $22.55.
 

Thoughts

As I mentioned last month both MCD and MSFT raised there dividends. I am looking at adding more WM as I think the company is being ignored. The company is a longer term hold but it will pay us to wait. The current yield is moving toward 4.5% and I expect a raise after the next payout. The company has had some headwinds with its earnings per share hit with commodity prices and the recycling not making as much because of the economy. The company is also moving its whole fleet to CNG natural gas this will help with fuel expenses and the environment. The payout ratio is high at 72% but I don't think the dividend is at risk. The earnings are projected at 2.10 to 2.15. If the dividend payout moves to a 70% payout ratio and the earnings move to 2.15 the dividend can still be raised .08 or .02 a quarter. This payout ratio is high but like I mentioned I think it is temporary.



Disclaimer: This is a personal weblog. The opinions expressed here are my own. All data and information provided on this site is for informational purposes only. Please do your own research before investing.

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