Friday, February 2, 2018

Dividend Income Update - January 2018

This is my first post in a series where I will track my dividend income each month and compare it to the prior year. I hope these can inspire other people to see just how easy it is to collect these dividends. 

January is a slow month for me in terms of dividends, but it was better than last year!  These posts will be fun for me to write because they deal with dividend income and you can truly see the results of dividend growth investing. 

The companies that paid me this month are as follows:

  • Toronto-Dominion Bank (TD) -  $8.70
  • JPMorgan Chase & Co (JPM) - $10.08
  • Bank of Nova Scotia (BNS) - $9.24
  • Sysco Corporation (SYY) - $7.20
  • General Electric (GE) - $5.64
  • Cisco Systems Inc (CSCO) - $19.43
  • Western Digital Corp (WDC) - $4.50
  • Cardinal Health Inc (CAH) - $14.33
  • Philip Morris Intl (PM) - $20.33
  • Walt Disney Co (DIS) $8.40
  • Altria Group Inc (MO) - $9.90
  • PepsiCo Incorporated (PEP) - $9.66
  • Kimberly-Clark Corp (KMB) - $7.76
  • HP Inc (HPQ) - $9.47
  • Nike Inc (NKE) - $2.80

This month I received $147.46 in dividends. 

This is up from $96.13 for January 2017. 

This represents a 53.4% year over year increase!

Now, again January is my slowest month of the year so the rest of the year should be much higher. My biggest months by far are March, June, September, and December. With all the recent dividend increases I'm looking at around $500 for this March! 

When I first started it was hard to see the results adding up to anything, but now its truly incredible as the results don't lie.  

This year I've run into some unexpected costs so it may be a bit of a down year in terms of investing, but I hope that with added dividends and increases that I can invest close to $2,000 a month. This would allow me to add around $700+ in forward dividend income. 


How did you guys do in January? Let me know in the comments!

8 comments:

  1. Congratulations, well done, nice year over year increase, let the snowball roll on!

    Regards,
    DH

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  2. Thank you! Yes it is truly amazing to see year over year progress! Can't wait to see where it is in another year or two

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  3. +50% is always a good month. Congrats.

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    1. Thank you! Yes, going forward it will be hard to maintain those kind of year over year increases, but I'll take it!

      Best of luck!

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  4. January seems like it's also my slowest month of the year. Only two companies paid me dividends. In December, I had 8 companies that paid me dividend income. So, definitely looking forward to the rest of the year.

    I think it's good you're starting to track your dividends. Congrats on the income for January and looking forward to following your progress MD.

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    1. Well I've been tracking my dividends for all my prior months, but this is the first month I've publicly shown them. I've only started the blog about a month ago, but wanted to track my progress and discuss financial independence with others. I'm glad I'm joining this awesome community of like minded people. I know we will allow achieve our financial freedom very soon!

      Best of luck and I will be following your progress as well!

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  5. Congratulations MD. The results are really starting to show. Love the names that you received dividends from. You are setting yourself up for quite the future here and I'm pumped as heck that you are able to get the dividend snowball rolling so quickly. Cheers!

    Bert

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    1. Hey thanks for stopping by! The dividend snowball is incredible! Looking forward to March being my biggest month ever at around $500! Best of luck and thanks again!

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