Trying to Tame My Honey Badger Style of Dividend Stock Investing

When I first started investing in stocks in 2004, I actually started out as a dividend stock investor.  The first stock I ever purchased was PTF – Petrofund Energy Trust.  It was a Canadian gas company which focused on acquiring, managing, and disposing petroleum and natural gas property rights and interests.  Petrofund was later acquired by Penn West Petroleum Ltd., however I sold my shares well before the acquisition.

The reason I purchased this stock was because it paid a monthly dividend.  For the very little I had invested (less than $1,000), I remember receiving about $20 per month in dividends.  It was a great first stock pick!  And I ended up selling it for a small gain as well.

For whatever reason I did not continue on the dividend investing path.  I believe the reason for this was I had an interest in trading stocks and not holding them for the long term.  I also had no where near the level of understanding of the stock market as I do now.

In the last year or so I have had more of an interest in acquiring dividend stocks.  I love passive income and multiple streams of income.

As many other personal finance bloggers do, I keep up with many dividend investor blogs.  These blogs have tamed my wild side of stock investing.  The buy and hold strategy is a “boring” approach however boring can be a good thing.

So what you will see out of my stock portfolio is some honey badger style dividend stocks where I am trying to slap some cash out of the companies I own a small piece of.  But I realize I will need to make some tamer safe picks if I want a steady income from my dividend stocks.

 

My Current Dividend Stock Portfolio

As my portfolio stands, here are the stocks I own which have paid a dividend in the last 12 months, whether the dividend is big or small.

 

Stock Shares Purchase Price Avg Share Price Dividends Dividend Return
 ABX            277              3,694.19                      13.34          10.62 0.29%
 CIG         2,175              9,164.07                        4.21        189.70 2.07%
 EDV                 7                  939.12                   134.16             5.75 0.61%
 ELP            100              1,118.00                      11.18          30.87 2.76%
 MBT            512              6,122.33                      11.96        205.74 3.36%
 TCK               25                  559.75                      22.39             0.82 0.15%

 

As you can see, I have some work to do on building a passive income from dividend stocks.  The only two stocks on the list which I did buy because of their dividend and their value at the time are CIG and MBT.  If you look at the historical dividends of these stocks (CIG, MBT), they paid out massive dividends for which I have received.  With commodities hitting a recent low however, these stocks have cut their dividend payouts.  The other stocks I am not married to and will be selling them when it is time.

 

Final Thoughts

I can’t promise that I will be a buy and hold investor on my dividend stocks.  If I have a 40% or higher gain on a stock paying me a 3% dividend, I’m probably going to sell.  We’ll see how it goes!

At the present I am finding it difficult to find a “boring” dividend stock for a good value.  The current market has bear warning flags waving all over the place.  I may have to wait it out before making some purchases.

In the meantime I will be selling non-dividend stocks in my portfolio as the gains become ripe for the picking.  The proceeds from any sales may stay in cash for some time before I feel comfortable deploying it.

 

Hi readers! I’d be interested to hear about your start in dividend stock investing.  If you track your dividends on a personal finance blog, feel free to drop me a comment below and I will check out your portfolio!

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Welcome to all aspiring early retirees! My wife and I still work however we have each been able to cut our hours worked from 40 each week to 24.

We have had no change in lifestyle as a result (except more time with family) and are building wealth every month.

I hope to share some of our ongoing story with you and be an inspiration to you on your path to financial freedom!
Cash Lab
Follow Me

Cash Lab

Welcome to all aspiring early retirees! My wife and I still work however we have each been able to cut our hours worked from 40 each week to 24. We have had no change in lifestyle as a result (except more time with family) and are building wealth every month. I hope to share some of our ongoing story with you and be an inspiration to you on your path to financial freedom!

8 thoughts on “Trying to Tame My Honey Badger Style of Dividend Stock Investing

  • August 31, 2016 at 12:27 am
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    It’s nice to see some different dividend stock picks, I’m going to add a few of these to my watch list.

    Reply
    • August 31, 2016 at 10:29 pm
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      Nice Div 4 Life, I’ll be curious to know if you pull the trigger on any of them!

      Reply
  • September 2, 2016 at 7:07 am
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    I started in 2001 had a plan but didn’t realize how to execute the plan only invested sparingly till 2008-9 then dumped lots of money till I retired from the navy haven’t put a lot in but sold some and reinvested.
    Hopefully I can put 6-7 grand a year in for a few years

    Reply
    • September 2, 2016 at 9:30 am
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      Sounds like you dumped money in at a good time! I invest in waves, right now not so much in my brokerage because we are saving for our next house.

      Saving $6,000 a year breaks down to $500 per month. I hope you can achieve this goal!

      Reply
  • October 18, 2016 at 9:43 pm
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    Glad you came back to dividend investing! I too have awhile to go until I manage to receive a decent passive income stream from my investments, but it sure is fun watching the effects of compounding every quarter. I look forward to following your journey!

    Reply
    • October 19, 2016 at 8:25 am
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      I’m excited to get started again! I have been working on a nice watch list of dividend stocks which I will release soon. In the meantime I am still trading and waiting for good buying opportunities. Good luck to you as well and I’ll definitely keep tabs on your journey!

      Reply
  • November 12, 2016 at 6:16 pm
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    Hi from Spain but in the same way of financial freedom. I am 30 and at 29 I achieved to equalize my monthly expenses to my passive income. Right now I keep on the way just to have a higher margin or have a family, but the basics are done!
    Good blog!

    Reply
  • December 11, 2016 at 3:51 am
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    My investment approach is quite unexciting. I invest in individual stocks on a regular basis, hold them and collect the dividends. If it makes sense to me, I reinvest the dividends into the same stocks or use the cash to add new positions to my portfolio. Over the years it worked out just fine and some “support” from the compound effect can be seen.
    I track my dividend income and on my blog. My goal is to increase my dividend income by 15 % each year through organic dividend growth, reinvestments and new positions.
    Cheers

    Reply

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