Finally, it’s time for the monthly dividend income update. My dividend income is meeting every goal and I can’t wait for May’s income to arrive. I’m expecting around $800 in income for this month. As always, you can check the updated info any time in the Dividend Income Spreadsheet and the Portfolio Spreadsheet. I also hope you enjoyed the interview I did.
- Dividend Income $355 or 2,880 NOK
- Dividend Income increased 70%
- 10 companies sent a check
- Portfolio Action: Bought more Kimberly-Clark & Gjensidige. Sold Cisco
- Project 1: 5-day finance-camp with Goldman Sachs, JPMorgan, and some hedge funds.
- Traveling: 2 weeks trip to Japan
Once again, my dividend income is in the 3-digit range and the growth is insane. The following companies increased their dividend: Exxon Mobil Corporation increased their dividend by 6.5% which gave me +$3. Enbridge increased by 4.6% which gave me +$7 pf additional income. Tanger Factory Outlet (reviewing this case) increased by 2.2% and netted me +$3.
- CSCO 55.22 NOK
- VER 96.09 NOK
- GJF 830.70 NOK
- O 158.82 NOK
- D 96.83 NOK
- OMC 84.32 NOK
- SPOG 1,100 NOK
- SOR 366 NOK
- KMB 86.19 NOK
- PEP 6.34 NOK
In total, this turned out to be 2,880 NOK or $355. I bought 17 shares of global tissue maker Kimberly-Clark for around $1,800. Further, I reinvested the dividend in Gjensidige and sold my position in Cisco after a 45% gain within a year. Cisco is a great company, but I feel the need to adjust my portfolio by adding a superb high-quality company which has a negative correlation with the overall market. I’ll use the gain from Cisco to hedge my portfolio. Doing this adjusts the overall risk while also increasing my expected dividend income. Follow along and you will be notified about the purchase.
For May, I’m expecting around $800 in dividend income. I also noticed that Cardinal Health is dropping like a stone. For my comment on the case, I recently tweeted this:
Glad I did due diligence and sold Cardinal Health at $72.92 (Down 16% today and trades at $55). As I say, collecting Dividend Aristocrat for the sake of collecting isn’t a strategy you shouldn’t too. Prior history has nothing to do with the current status.
Project 1 – Finance Camp
At the start of August, I’ll participate in a global finance camp in Tokyo sponsored by Goldman Sachs, Bloomberg, JPMorgan, and all the other big boys. I just finished an interview here in Tokyo and I’m truly considering working here for a few years. However, while it’s cool to be able to enter the hedge fund or investment banking industry, there’s a major drawback – transportation and stress. I truly hate rush hour and if I start working here, I really need to find a place where I can avoid the hassle. It’s a huge opportunity cost which can’t be neglected.
Stayed at a 5-star hotel courtesy of a friend who gave it to me for free! Went to Gifu, Osaka, and Kobe with some friends and enjoyed eating raw bear and doing many onsens.
The Party Aftermath:
Strong zeroes (0.5L) with 9% alcohol is super dangerous. Just look at these guys