Hi Everyone,
Overall a pretty solid month of income due to our OHI holdings. This past month we received a total of $382.75!
ABT: $4.02
VZ: $74.90
OHI: $303.83
The amazing thing about DRIP when you have a large position in a company that routinely raises the dividend every quarter and has a high starting yield is the increase in dividends every quarter.
In February, our OHI holding was bringing in a total of $283.27. May's total was $293.58 and now this month at $303.83.
From the beginning of the year till now, we are picking up an additional $20 per quarter and are buying over 10 shares more each quarter as long as the share price stays around the $30 level.
In an update from last month, the move to buying more healthcare related stocks seems to be paying off. VHT, CELG, BIIB are all up nicely from where they were purchased.
If I had to make a prediction going into next month, my UVE stock will go down. If hurricane Irma does not impact Florida, this could present a buying opportunity for investors out there. They are continuing to reduce their exposure to Florida and seem to be running on all cylinders. Hopefully a hurricane Harvey situation does not happen and if so, insurance claims won't impact operations that much.
With that said, my heart goes out to all of the victims who were affected by Harvey. The pictures are truly astonishing and I cannot begin to imagine how it must feel to lose everything.
How was your August?
ADD
Holy cow! OHI was your monster for August. It's true that DRIPing from a large holding really shows the power of compounding more defined. Keep up the good work. Any plans to add other August payers to you portfolio? Many great solid dividend companies paying in Aug :)
ReplyDeleteUnfortunately my wife and I are not in a position to do too much more investing in the taxable accounts right now. I really wish this wasnt the case but sometimes life has different plans. For now, we are saving money into the savings account. Hopefully in the future we will get some cash flow in order to start investing again.
DeleteADD -
ReplyDeleteYikes! What a monster divvy from OHI... 10 shares a quarter from reinvestment is absurd and makes me pumped/jealous/happy/mad at the same time. Keep investing ADD!
-Lanny
No need to be mad, you are killing it over there as well! I'd rather have your diversity over my one large investment. One miss step and that large position and dividend go bye bye! But, for now, as long as the government doesnt screw around too much in the medical arena and OHI keeps diversifying away from their troubled assets.
DeleteNice job ADD. So close to $400! I should look into OHI I guess, though with this recent rental property purchase it may be awhile. Anyway, thanks for sharing and keep it up!
ReplyDeleteI am really liking the idea of getting into rental properties. As long as the place is rented there are great returns on investment if the numbers work!
DeleteHoly OHI batman... thats what im talking about and want to get my OHI and a few other stocks up there.
ReplyDeleteyes UVE had a big drop today pushing the dividend to 3 percent. might be tempting to add it seems well diversified and able to bounce back. wish it would raise its dividend by a penny a year didnt give us a raise this year but the special dividend is nice.
Yea, sometimes not raising the dividend could be a good thing though. They took a bit of a hit to profit due to storms over the past year so I don't mind saving a few bucks to get the company back into a better financial standing. UVE already started to bounce back! The storm track keeps moving farther to the east so this could be a good buying opportunity to dip a toe in. If you do more research on it, I'd be happy to read it!
DeleteThanks!
ReplyDeleteI'll be sure to try and keep the content coming
Man, I love the OHI growth story. I stop DRIP investing some of my stocks and OHI was one of them. I may need to revisit this decision.
ReplyDeletePretty awesome to see the impact of that OHI dividend being reinvested!
ReplyDelete