Ida pays
3.17% dividends and hikes its rates recently by 13.2 percent. The new stake
will increase my current passive dividend income by $30 bucks or so.
With a current P/E of 12.78 and forward P/E of 14.03, the utility is not expensive in my view. For sure, the market cap is small but IDA is one of the electric utilities with the lowest debt ration within its industry. These is a modest potential to grow the balance sheet and boost sales.
With a current P/E of 12.78 and forward P/E of 14.03, the utility is not expensive in my view. For sure, the market cap is small but IDA is one of the electric utilities with the lowest debt ration within its industry. These is a modest potential to grow the balance sheet and boost sales.
 |
| Latest Portfolio Transactions (Click to enlarge) |
 |
| Dividend Yield Passive Income Portfolio I (Click to enlarge) |
 |
| Dividend Yield Passive Income Portfolio II (Click to enlarge) |
--------------------------------------
For readers
who are new to the matter and my dividend growth philosophy: I funded a virtual
portfolio with 100k on October 04, 2012 with the aim to build a passive income
stream that doubles each five to ten years. I plan to purchase each week one
stock holding until the money is fully invested. The total number of
constituents is expected at 50 – 70 companies and the dividend income should be
at least at $3,000 per year.
--------------------------------------
Over the
full year, the expected dividend income amounts to $2,441.92. With around
$30,000 in deposited cash, it’s still possible to reach the $3,000 by the end
of this year.
The
portfolio holdings are up since the date of funding by 8.91 percent. Because of
the slow purchase process and high cash amounts over the recent year, the full portfolio
performance is only up 7.38 percent.
As of now, the strategy produced an underperformance compared to the overall market but the current situation is not sustainable on the market. Bernanke and the Fed manupulates the stock market. More high-fly momentum stocks like Tesla and Facebook lead the market. Dividend paying stocks are not hot or popular right now. They are boring for many investors. But not for me and I hope you think the same about the philosophy of dividend growth investing.
The goal of this portfolio is to show how to build up a passive income stream for normal investors with small investment budgets. To buy a stock each week for $1,000 bucks is possible for many people with a solid job and a high savings rate.
Here is the income perspective of the portfolio
 |
| Dividends and Earnings of IdaCorp. |
As of now, the strategy produced an underperformance compared to the overall market but the current situation is not sustainable on the market. Bernanke and the Fed manupulates the stock market. More high-fly momentum stocks like Tesla and Facebook lead the market. Dividend paying stocks are not hot or popular right now. They are boring for many investors. But not for me and I hope you think the same about the philosophy of dividend growth investing.
The goal of this portfolio is to show how to build up a passive income stream for normal investors with small investment budgets. To buy a stock each week for $1,000 bucks is possible for many people with a solid job and a high savings rate.
 |
| Portfolio Performance (Click to enlarge) |
Here is the income perspective of the portfolio
|
Sym
|
Name
|
P/E Ratio
|
Dividend Yield
|
Buy
|
# Shrs
|
Income
|
Value
|
|
TRI
|
26.75
|
3.69
|
28.90
|
50
|
$64.75
|
$1,747.00
|
|
|
LMT
|
Lockheed Martin C
|
14.62
|
3.53
|
92.72
|
20
|
$92.00
|
$2,560.00
|
|
INTC
|
Intel Corporation
|
12.92
|
3.76
|
21.27
|
50
|
$45.00
|
$1,188.45
|
|
MCD
|
McDonald's Corpor
|
17.93
|
3.15
|
87.33
|
15
|
$46.20
|
$1,453.50
|
|
WU
|
Western Union Com
|
11.89
|
2.65
|
11.95
|
100
|
$50.00
|
$1,864.00
|
|
PM
|
Philip Morris Int
|
17.59
|
3.8
|
85.42
|
20
|
$68.78
|
$1,809.40
|
|
JNJ
|
Johnson & Johnson
|
19.99
|
2.82
|
69.19
|
20
|
$50.80
|
$1,793.60
|
|
MO
|
Altria Group Inc
|
16.36
|
5.03
|
33.48
|
40
|
$72.00
|
$1,422.00
|
|
SYY
|
Sysco Corporation
|
19.66
|
3.38
|
31.65
|
40
|
$44.40
|
$1,302.80
|
|
DRI
|
Darden Restaurant
|
15.73
|
4.16
|
46.66
|
30
|
$61.50
|
$1,373.40
|
|
CA
|
CA Inc.
|
13.42
|
3.26
|
21.86
|
50
|
$50.00
|
$1,536.00
|
|
PG
|
Procter & Gamble
|
20.76
|
2.91
|
68.72
|
25
|
$58.20
|
$1,984.75
|
|
KRFT
|
Kraft Foods Group
|
17.67
|
3.70
|
44.41
|
40
|
$80.00
|
$2,161.20
|
|
MAT
|
Mattel Inc.
|
19.48
|
3.2
|
36.45
|
40
|
$55.60
|
$1,721.60
|
|
PEP
|
Pepsico Inc. Com
|
19.27
|
2.7
|
70.88
|
20
|
$44.20
|
$1,634.80
|
|
KMB
|
Kimberly-Clark Co
|
20.67
|
3.26
|
86.82
|
15
|
$47.55
|
$1,443.00
|
|
COP
|
ConocoPhillips Co
|
11.82
|
3.77
|
61.06
|
20
|
$52.80
|
$1,420.00
|
|
GIS
|
General Mills In
|
17.5
|
2.81
|
42.13
|
30
|
$41.10
|
$1,459.80
|
|
UL
|
Unilever PLC Comm
|
19.53
|
3.24
|
39.65
|
35
|
$47.01
|
$1,446.20
|
|
NSRGY
|
NESTLE SA REG SHR
|
19.28
|
3.12
|
68.69
|
30
|
$65.31
|
$2,095.50
|
|
GE
|
General Electric
|
18.11
|
3.11
|
23.39
|
65
|
$49.40
|
$1,560.65
|
|
ADP
|
Automatic Data Pr
|
25.88
|
2.33
|
61.65
|
25
|
$43.50
|
$1,860.75
|
|
K
|
Kellogg Company C
|
23.4
|
2.91
|
61.52
|
25
|
$44.50
|
$1,514.25
|
|
KO
|
Coca-Cola Company
|
20.7
|
2.79
|
38.83
|
40
|
$43.80
|
$1,576.00
|
|
RTN
|
Raytheon Company
|
13.94
|
2.6
|
57.04
|
20
|
$42.00
|
$1,580.00
|
|
RCI
|
Rogers Communicat
|
11.6
|
3.9
|
46.5
|
50
|
$84.00
|
$2,175.50
|
|
GPC
|
Genuine Parts Com
|
18.41
|
2.58
|
77.06
|
20
|
$42.12
|
$1,626.20
|
|
TSCDY
|
TESCO PLC SPONS A
|
242
|
3.79
|
17.08
|
110
|
$75.68
|
$1,987.70
|
|
APD
|
Air Products and
|
23.48
|
2.45
|
85.71
|
15
|
$40.50
|
$1,628.55
|
|
GSK
|
GlaxoSmithKline P
|
19.13
|
4.72
|
52.16
|
30
|
$71.13
|
$1,515.90
|
|
WMT
|
Wal-Mart Stores
|
14.84
|
2.37
|
79.25
|
20
|
$36.16
|
$1,516.60
|
|
BTI
|
British American
|
16.59
|
3.85
|
111.13
|
23
|
$96.14
|
$2,474.11
|
|
CHL
|
China Mobile Limi
|
11.24
|
3.9
|
55.32
|
25
|
$55.95
|
$1,420.00
|
|
MMM
|
3M Company Common
|
19.03
|
2.05
|
110.27
|
15
|
$37.43
|
$1,800.15
|
|
TUP
|
Tupperware Brands
|
18.66
|
2.55
|
80.98
|
15
|
$33.30
|
$1,287.75
|
|
IBM
|
International Bus
|
13.73
|
1.86
|
197.09
|
16
|
$57.60
|
$3,040.32
|
|
HAS
|
Hasbro Inc.
|
19.94
|
3.08
|
44.09
|
30
|
$45.60
|
$1,463.70
|
|
T
|
AT&T Inc.
|
26.65
|
5.14
|
34.47
|
30
|
$53.70
|
$1,029.45
|
|
WAG
|
Walgreen Co. Comm
|
24.49
|
2.04
|
44.25
|
30
|
$34.20
|
$1,665.60
|
|
AFL
|
AFLAC Incorporate
|
8.64
|
2.25
|
59.39
|
20
|
$28.00
|
$1,246.40
|
|
TGT
|
Target Corporatio
|
15.76
|
2.31
|
68.69
|
32
|
$48.32
|
$2,065.60
|
|
CSCO
|
Cisco Systems In
|
13.23
|
2.52
|
25.12
|
90
|
$55.80
|
$2,205.90
|
|
DE
|
Deere & Company C
|
9.77
|
2.28
|
84.11
|
15
|
$29.10
|
$1,257.30
|
|
RGR
|
Sturm Ruger & Co
|
12.87
|
3.17
|
51.65
|
20
|
$38.52
|
$1,239.80
|
|
LO
|
Lorillard Inc Co
|
14.09
|
4.79
|
42.3
|
30
|
$65.00
|
$1,353.30
|
|
UNP
|
Union Pacific Cor
|
18.32
|
1.78
|
154.75
|
8
|
$22.88
|
$1,276.40
|
|
IDA
|
IDACORP Inc. Com
|
12.89
|
3.15
|
47.94
|
20
|
$30.40
|
$958.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$2,441.92
|
$77,743.68
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Yield
|
3.14%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield On Cost
|
3.43%
|