Tuesday, February 27, 2018

Dividend Income Update - February 2018

It has been almost two weeks since I've posted anything. I haven't forgotten about this site, but I've been out of town and then had a minor dental surgery. This was an unexpected expense that has set me back a little in terms of investing, but I should recover in March with some fresh capital.






This is now my second post tracking my monthly dividend income. It really helps to track your dividends each month to see just how well you are doing. It also provides motivation to invest more to try and beat your own personal records. At this point the only way my months would stop increasing is if I started selling stocks. Even if I stopped buying stocks the monthly dividends would continue to grow. That is the power of dividend growth investing!

The companies that paid me this month are:
  • AbbVie (ABBV) -  $26.27
  • Apple (AAPL) - $7.56
  • AT&T (T) - $43.00
  • CVS Health Corp (CVS) - $6.50
  • Enterprise Products (EPD) - $15.30
  • General Mills (GIS) - $7.84
  • Kinder Morgan (KMI) - $4.50
  • Main Street Capital Corp (MAIN) - $4.94
  • Omega Healthcare (OHI) - $21.12
  • Proctor & Gamble (PG) $11.03
  • Starbucks (SBUX) - $9.90
  • Verizon Communications (VZ) - $57.82
  • Williams-Sonoma (WSM) - $8.58

This month I received  $219.86 in dividends.

This is up from $161.89 for February 2017

This represents a 35.8% year over year increase!

Now I would like to get January and February up in terms of dividend income, but I don't buy stocks based on their payment dates. It can be hard because my biggest months by far are March, June, September, and December. These months will eventually catch up though through investing and growing dividends. 

I've run into some unexpected costs these past two months so I'm a little behind in my investing schedule, but I have some fresh capital that will be available in March and I should be able to invest around 2k or so. 

March is looking to be my best month ever and I'm expecting around $500 or so in dividend income. This is truly incredible! This number only took 4 years to reach and is a value that can actually be used to pay off significant expenses or costs. 

The power of dividend growth investing is truly incredible. If I can achieve these results in a short amount of time then so can anyone! I can't wait to see where the dividends are in a few more years. They will be close to covering a majority of my expenses each month. 

Let me know what you guys think! How did you do in February! Let me know in the comments!

8 comments:

  1. Looks like another great month. Will be interested to see what you buy with that $$$ next month!

    I should have my monthly summary posted in a couple of days :)

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    1. Hey thanks! Yes, hoping to buy at least twice next month! Looking forward to your monthly summary!

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  2. Solid year over year increase. You have many well known dividend payers sending cash your way in Feb. Nice to see we have a handful of stocks paying us both. Keep up the good work!

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    1. Thanks! I like owning these great companies that will continue to pay and grow dividends! Best of luck to you as well! Looking forward to your February dividend income!

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  3. Looking good MD. A 36% YoY increase is fantastic. And it looks like you have a solid group of companies that pay you. Like you my end of quarter month is huge compared to the other 2 months each quarter. I'd love for it to be a little more even, but in the end it's all about the valuation at the time of purchase. The timing of the dividends are always secondary.

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    1. Yes, I wish I could keep up that YoY increase, but I know that will start to slowly decline. Looking at your site you are doing incredible with your dividend income! I can't wait to be on that same level one day!

      Best of luck!

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  4. Nice work millenial and great companies paying you. Keep it up!

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    1. Thank you! I can't wait to see where the dividend income is in a few years! Working hard to build up a large snowball!

      Best of luck!

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