On March 4th, 2019, I bought 38 shares of Compass Diversified Holdings (CODI) at $16.01 per share. With its quarterly dividend payout of 0.36 dollars per share, this latest buy has a dividend yield of 8.99% and will pay us $13.68 (before tax) every quarter. Awesome!
I bought this share for our little baby girl stock portfolio.
Without hesitation, I can say - our 7-month-old baby girl has a dividend portfolio generating already $22.91/mo. I'm looking to grow it towards $50/mo by the end of 2019. The latest buy has made a nice little boost of $3.87 monthly.
CODI is already the fourth stock in our baby investment portfolio, and it's the first stock with a dividend yield under 10%. Better a stable stock, than artificially high dividend yield.
Unlike most of the other of our holdings in child's investment portfolio, CODI has a stable dividend track, and there haven't been any dividend cuts (yet)
CODI Dividend payout history: source: dividend.com
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time our baby girl will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time she will turn 2.
Our child's portfolio now has as TTM at $274.94, giving daily $0.75 and hourly 0.03$. I really like these numbers.
Currently, I don't plan to go for a separate child investment account, instead, I will keep investing in my own portfolio, but will keep a separate Google Spreadsheet to track baby dividend progress. See: Simple Google Spreadsheet to Track Stock Portfolio Changes Using GOOGLEFINANCE
For the rest of the year, we are looking to get a dividend income of $34.88 (after tax) from this stock, which is about 1.7% from $2,045 goal for 2019.
2018 in Review and Financial Goals for 2019
About Compass Diversified Holdings (CODI)
CODI is a publicly traded holding company (NYSE: CODI) that partners with management teams to acquire and manage North American middle market businesses. CODI is managed by Compass Group Management LLC, an active and highly successful acquirer and manager of middle market companies since 1998
Learn more at www.compassequity.com