Hi Carey. You are going to love your Dragon's Blood. It is a very hardy sedum and may or may not bloom this year.
With the drought you have been having I would plant it in a container of some kind so you can move it with the weather conditions. Right now I would put it in light shade and water it as needed the same as you would your other garden perennials. It can be fairly drought tolerant once established, but still benefits from water during drought times.
Once it really gets going for you you can root cuttings to try in other locations to see how they will do in different conditions. : )
Hope I have answered your question?
