SCHD Buys! More Dividend Increases, Weekly Recap Issue #8

Hey guys! I hope everyone had a great week. So far, we have hit the ground running in the first week of May with a fantastic 10% dividend increase from $PEP PepsiCo! This is actually my 6th largest position in my dividend portfolio so very excited to see this raise come in. I hold 57 shares, I plan on only accumulating more shares and never selling. On the not so good side, we saw the financial sector continue to get attacked this past week. Also, $PARA Paramount Global announced a dividend cut of 79%, yikes! Unfortunately, this is too part of our dividend investing world. We also saw the Federal Reserve increase interest rates 0.25 basis points. It almost feels like these interest rate hikes are just regular news now.

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State Of The Market

Looking at the $SPY on the daily chart.

We saw the $SPY take a small dive down to $405 about mid week but didn’t push lower. It pushed right back up above the 20 day moving average going into the close on Friday.

By looking at the chart, we see the SPY still has plenty of room on the RSI (55) so I wouldn’t be totally shocked to see the market push higher this week. Whenever I see the SPY break below the 20 day moving average, then quickly shoot right back above it, I take that as a bullish sign. Let’s see what happens this week.

Purchases this week

Patience is a skill. It takes time to develop and use it wisely. I’ve been patiently waiting for $SCHD to come into a zone I thought was a potential buy zone. I finally got that shot this past week and I took advantage of it. I was able to capture some shares of $SCHD under $70 and in my zone which was awesome for the portfolio. That brings my total share count to 61 shares. I’m pushing to hit that sweet 100 share point! I also added to my $VICI position, I plan on continuing to increase my position through out the year. Lastly, I was able to get 2 more shares of $AMT which is another one I’m trying to beef up this year.

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Weekly Tweet Corner

So this happened this past week! With the recent dividend raises received in the portfolio, I finally crossed the $14K dividend income mark! By no means was I expecting this to come so quick but very grateful to have invested in such excellent companies. One of my main objectives as an investor is to invest in quality companies that increase their dividends and value their shareholders. My goal for 2023 was $15K in dividend income, however it seems that I will have to step this goal up to the next level! I’m going to keep doing what I’ve done for the past 6 years everyday, invest in quality dividend paying companies where ever the best opportunities are at the time.

Thanks so much for reading!

I’m super excited to provide this weekly newsletter so THANK YOU all for being subscribers.

Until next week. Keep the focus and stay consistent!

-Nick Dividend Investor and Educator

Friendly Disclaimer: This is NOT financial advice. This newsletter and the information included is for fun and entertainment purposes only. Always consult with a professional before making any investments.

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