Dividend update 12-27-17

As you all know I am heavily invested in the stock market, $8,000 in my Robinhood account to be exact and I showed you all my portfolio not too long ago. You may have noticed some unfamiliar tickers and some dividend stocks I own. Well today I am going to give an overview of my dividend stocks, why I hold them, and how they play into my strategy.

Like I’ve mentioned before, I am a college student with little to no income from August to May. I also stretch invested my summer earnings with little to know savings left so I can not add more money to my stock account whenever I feel like it. That’s where my dividends come in.

Ticker cost avg percent yield dividend/share share # year equivalent
O $57.20 4.46% $2.55 17 $43.35
OHI $27.12 9.59% $2.60 15 $39.00
F $11.14 5.39% $0.60 45 $27.00
STAG $26.71 5.28% $1.41 10 $14.10
BAC $23.95 2.00% $0.48 25 $12.00
T $33.64 5.95% $2.00 5 $10.00
DE $126.27 1.90% $2.40 1 $2.40

Above is an overview of my current dividend stocks. It yields approximately $148 a year (1.85% overall in portfolio). This does not include the interest payments I receive from Robinhood which have been around $6 a month for the last 3 months. In total, my dividend and interest income from all apps and platforms is approximately $20+ a month. Now because I can’t put any new money in I have to play with what I got to be ready for opportunities as they arise. So how do I do that?

It happens about like this, I own a stock that is down huge right now (BPMX) approximately -66% right now and it trades at $.11 a share. It is very volatile and the whole time I’ve owned it, it general would swing in a 10-15% range. I would buy shares on the low end and sell at a 10% gain regularly. Using the dividends that I would receive to do that. I would continue to compound my small gains over and over and purchase either CHK which also is volatile and swings in a range to short trade, or buy more dividend stocks. O and STAG are both monthly dividend stocks with yields near 5% which allowed me to keep my short trades fluent. I would also sell bits and pieces of positions I’ve made good returns on (DE, BAC, F, MTR, VOC etc.) to fund the purchase of more dividend stocks, or other long-term positions.

While this may not be the most standard approach it has allowed me to compound small gains rapidly. It also keeps things moving and interesting as I am young and like to have fun with the stock market. I currently have on the table a buy order for 15 shares of CEFL a leveraged high dividend paying stock that I would expect to capitalize even more short-term gains on, as well as other long-term positions I am looking at.

This next year should be very interesting with my current portfolio and the stocks I am looking to sell and purchase here shortly, I will update this as I see relevant to my portfolio situation.