October was a roller coaster month for markets. After a strong start, the markets fizzled because of rising COVID cases and ‘no-deal’ stimulus talks.
To end the month, the S&P 500 was down 3%, the Dow was down 5% and the Nasdaq was down 2%.
So, what happened?
Earnings wise, 86% of companies reported better than expected Q3 earnings. A promising sign that Q3 was better than expected and delivered a strong recovery for many companies.
Third-quarter GDP expanded by a record 33.1%, following the 31.4% contraction in the second quarter. Housing continues to be a bright spot in the ongoing economic recovery. Homebuilder confidence set a new high in October, as low mortgage rates and falling timber prices boosted confidence above previous record levels.
So, what’s next?
Ah, November 2020. Nothing this year has been “according to the plan.” Historically, November is the best month of the year for the S&P 500 during election years. That’s because, after the elections, there’s clarity and optimism.
2020 is supposed to end on a high note. In 6-weeks, we will find out if this year is like every other election of the yesteryears.
Let’s do the numbers.
Value: $13,431 | Loss: -$425 | Return: ▼3% | Dividends: $31 | Investment: $1,155
For the second month in a row, my portfolio ended in the RED. As a dividend growth investor, this doesn’t really affect me because dividends are not dependant on the market price of my holdings. Nonetheless, it still feels bad.
For the month, I invested a total of $1,155 across 50 companies that are part of my lists.
In October, I received $31 in dividends from the following companies:
- Stryker (SYK): $2.75
- Global X NASDAQ 100 (QYLD): $14.36
- Sysco (SYY): $1.53
- Oracle (ORL): $0.33
- Cisco (CSCO): $6.29
- Intuit (INTU): $0.19
- Camden Property Trust (CPT): $1.09
- Ventas (VTR): $2.49
- Altria (MO): $1.99
- Nike (NKE): $0.38
- FedEx (FDX): $0.33
- Coca-Cola (KO): $0.59
Starbucks (SBUX) announced a dividend increase of 9.8% to $0.45 per share; the previous payout was $0.41.
McDonald’s (MCD) announced a dividend increase of 3.2% to $1.29 per share; the previous payout was $1.25.
Cummins (CMI) announced a dividend increase of 3% to $1.35 per share; the previous payout was $1.311.
Visa (V) announced a dividend increase of 6.7% to $0.32 per share; the previous payout was $0.30.
Portfolio All-time (11/10)
Projected Dividend Income
Annual: $528 | Monthly: $44