Daily Dividend Investor Update
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The DDI Portfolio does it again!
41 companies spread over a multitude of sectors including Oil Production, Real Estate, Consumer Staples, Pharmaceuticals and Telecom produced a total income for the DDI portfolio of $509.24 in Noevember.
With the exception of the passive income stream from the incoming dividends, the Daily Dividend Investor portfolio was fairly quiet in November – recording only one new purchase. Near the beginning of November I added 10 shares of Microsoft (ticker: MSFT) to the portfolio using the available cash on hand.
The good news for November is that once again the DDI portfolio exceeded the $500 mark in passive dividend income, marking the second straight quarter for month #2 to make it’s quota.
However, November was not strong enough to add on to the fantastic gains we had back in August when the DDI portfolio topped out at $527.18.
There were two holdings that negatively affected the results this month. Cal Maine Foods (ticker: CALM) has a floating dividend policy that is tied to the company’s quarterly results, as such this quarter was down slightly from the previous quarter.
Also, income from Sabine Royalty Trust (ticker: SBR) was lower this month due to the recent pull-back in oil prices at the beginning of Fall.
With signs of the economy strengthening, I expect both of these holdings to perform better in the months ahead.