Update: 2012 Dividend Tally

Perhaps I was a bit early to total up the dividends for 2012.  One of my positions that is scheduled to pay in 2013 decided to move the dividend payment to the end of this year.  I’ve seen this trend with a few other companies due to the concern over the “fiscal cliff”, but I was not expecting any of my holdings to go this route.

National Presto Industries Inc. NPK is an interesting little company that sells everything from ammo to appliances.  NPK first showed up on my radar because of its special dividend.  If you were to just go by what you see on Google Finance or some of the other finance sites you would not really be impressed with 1.00 dividend that is reported.  However, NPK has a history of also adding to the dollar reported dividend a “special” dividend as well.  This “special” dividend is not as predictable as the reported dividend, as the amount really depends on how well the company is doing.  For some this unpredictability may not be acceptable.  Personally I don’t have a problem with it.

When I first started watching NPK it was trading at a high of around 130 a share.  I picked up my 27 shares for a 71.87 share price.  Based on the 6.50 dividend per share I will be getting a 175.5 in dividends and a YOC of 9%!  I’m happy with that 🙂

This brings my total dividends for 2012 up to $2638.14.

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4 thoughts on “Update: 2012 Dividend Tally

  1. I like that idea of a “special” dividend! It provides you with predictable income, but then adds in a small bonus every once in a while 🙂

    Congrats on your total dividends for 2012 not being final yet! That’s a pretty nice little surprise.

    • Leigh, I like this “special” dividend because it happens on a regular basis. The amount changes, but it is usually consistent in its frequency. Hopefully the trend continues.

    • PIP, thanks for stopping by PIP. I would love to top 3k next year. The additional funds will slow considerably, but I think I can get there. Good luck with your goals as well!!

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