November 2020 – Monthly Dividend Portfolio Update

November dividend portfolio update. I ended November with a value of $16,535, gaining $1,750 and a return of 11%. Dividend income totaled $23.

I hope you are all doing well. Elections over. Thanksgiving over. Pandemic… not so much. On Thursday, Gov. Gavin Newsom announced a new regional “stay-at-home” order to stem the rampant spread of COVID-19 in California.

I am Californian and I support this controversial but much-needed approach.

The stock market had a roaring comeback in November. Stocks opened the month strong and climbed throughout election week as bargain hunters scooped up quality companies.

To end the month, the S&P 500 was up 11%, the Dow was up 12% and the Nasdaq was up 12%.

So, what happened?

The Dow reached 30,000 for the first time. Considering the year we experienced, this is a BIG deal. Not to mention, it also had its best month since 1987. Given this was an election month, November also witnessed the best election week since 1932.

While the COVID 19 cases reached new highs, positive developments strengthened investors. Markets (and the world) celebrated the progress of three vaccines from Pfizer and BioNTech, Moderna and AstraZeneca, and the University of Oxford, which appear safe and effective with success rates of 95%, 94.5%, and 90% respectively.

Third-quarter corporate profits were also stronger than expected and investors were psyched. And the fear that there might be sweeping tax changes subsided as it became clear the Democrats will control the House and Repblicans will control the Senate. Thereby, creating a grid lock.

So, what next?

Historically, December is one of the strongest months for the stock market. Since 1928, according to Yardeni Research, the S&P 500 has gone up an average of 1.3% in December.

There’s also the late-year boost around the Christmas holiday, a.k.a the Santa Claus rally. Consumer spending accounts for nearly 70% of GDP, and the National Retail Federation reports that Christmas sales averaged 10% of annual retail sales in December over the past five years.

Whether this trend continues this year remains to be seen because nothing this year is predictable.

Let’s do the numbers.

November Dividend Portfolio Summary

Value: $16,535 | Gain: +$1,750 | Return: ▲11% | Dividends: $23 | Investment: $1,000

Unlike previous months, November ended on a high note. During the middle of the month when the market was at all time high, I sold all 14 of my holdings in the Harvard Business Review Best CEOs list and realized a gain of $648. I re-invested the principal and the gain instantly back into buying other companies in my portfolio.

For the month, I invested $1,000 in new cash. Most of that went into buying the 13 companies I sold. Disney, which was once part of this list, is no longer in my portfolio. Here’s why I sold Disney.

Dividends Received
In November, I received $23 in dividends from the following companies:

  • JP Morgan (JPM): $1.43
  • Verizon (VZ): $0.87
  • Lowe’s (LOW): $0.39
  • Air Products & Chemicals (APD): $0.43
  • Deere & Co. (DE): $0.61
  • Mastercard (MA): $0.31
  • Apple (AAPL): $0.73
  • Costco (COST): $0.22
  • ONEOK (OKE): $10.99
  • Accenture (ACN): $0.39
  • Hasbro (HAS): $1.96
  • Proctor & Gamble Co. (PG): $0.62
  • Texas Instruments (TXN): $1.38
  • Caterpillar (CAT): $0.58
  • Starbucks (SBUX): $0.58

Dividend Increases
Nike announced a dividend increase of 12% to $0.275 per share; the previous payout was $0.245.

ADP announced a dividend increase of 2.2% to $0.93 per share; the previous payout was $0.91.

CDW Corporation announced a dividend increase of 5.3% to $0.40 per share; the previous payout was $0.38.

Portfolio All-time (12/4/2020)

Value: $17,020 | Gain: +$2,128 | Return: ▲14% | Link to portfolio: M1 Finance | Website | Excel

Projected Dividend Income

Annual: $565 | Monthly: $47

That’s it for this month. Let me know if you have any questions or feedback. It’s always wonderful to hear from you.

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