Dividend Update - October 2013
Another month down. Seems like just yesterday I was having to switch to October and now we're already moving on to November. The debt ceiling and budget debate came and went with a decent sized dip coing about 2 weeks before the deadline, but all but erased by the time I was able to get capital transferred to the brokerage account. It was a shame that I wasn't able to pick up any ownership stakes during that time because there were better values at the time that I would have loved to jump on. I was able to add to my IBM position after an earnings related sell-off as well as start positions in both HCP and ARCP. Now let's get into my favorite monthly update, the dividend income update.
I received a total of $128.15 in dividends in my FI portfolio in October and have received a total of $1,875.54 through the first 10 months. This was the first time that the January, April, July, October payout schedule has been able to cross the $100 mark for me which is a nice little milestone. This was a 526% increase from October 2012 and a 32% increase over July 2013. I know the percentage increases will only be heading lower but as long as steady progress is being made I'm happy. Only JP Morgan paid out in my Roth IRA with a $7.98 payout. So far in 2013 I've received $170.38 in dividends in my Roth IRA. I was originally hoping to receive closer to $2,750 in dividends in 2013, but I don't really expect to see that target get hit. Although the goal does include option premium income and interest as well, which I've already surpassed since I'm now up to $1,434.41 in option premium income this year. My FI portfolio forward dividends are now comfortably above the $3,000 mark at $3,205.99 before any further increases or reinvestment. In my Roth they are at $223.77. The FI portfolio forward dividends are now 91.6% of the way towards my goal of $3,500 by the end of 2013. I still have some work to do on that goal, but I think I'll be able to hit it by the end of the year as I still have over $8,000 to put to work right now and only need $9,800 invested at an average yield of 3.0% to hit that mark. And there's still two more months of capital that I get to invest.
I've updated my Dividend Income page to reflect October's changes.
How did your dividends do in October?
I received a total of $128.15 in dividends in my FI portfolio in October and have received a total of $1,875.54 through the first 10 months. This was the first time that the January, April, July, October payout schedule has been able to cross the $100 mark for me which is a nice little milestone. This was a 526% increase from October 2012 and a 32% increase over July 2013. I know the percentage increases will only be heading lower but as long as steady progress is being made I'm happy. Only JP Morgan paid out in my Roth IRA with a $7.98 payout. So far in 2013 I've received $170.38 in dividends in my Roth IRA. I was originally hoping to receive closer to $2,750 in dividends in 2013, but I don't really expect to see that target get hit. Although the goal does include option premium income and interest as well, which I've already surpassed since I'm now up to $1,434.41 in option premium income this year. My FI portfolio forward dividends are now comfortably above the $3,000 mark at $3,205.99 before any further increases or reinvestment. In my Roth they are at $223.77. The FI portfolio forward dividends are now 91.6% of the way towards my goal of $3,500 by the end of 2013. I still have some work to do on that goal, but I think I'll be able to hit it by the end of the year as I still have over $8,000 to put to work right now and only need $9,800 invested at an average yield of 3.0% to hit that mark. And there's still two more months of capital that I get to invest.
| Company | Dividend Amount | DRIP Shares |
|---|---|---|
| EOG Resources (EOG) | $0.76 | -- |
| Coca-Cola (KO) | $44.79 | 1.163 |
| Medtronic (MDT) | $25.55 | 0.451 |
| Phillip Morris (PM) | $43.15 | 0.499 |
| Realty Income (O) | $4.40 | 0.110 |
| General Electric (GE) | $9.50 | 0.364 |
| October Total | $128.15 | |
| 2013 Total | $1,875.54 |
| Company | Dividend Amount | DRIP Shares |
|---|---|---|
| JP Morgan Chase (JPM) | $7.98 | 0.151 |
| October Total | $7.98 | |
| 2013 Total | $170.38 |
I've updated my Dividend Income page to reflect October's changes.
How did your dividends do in October?
What a great month JC! Even as your contributions become a smaller percentage of your portfolio, your YOY increase between 2013 and 2014 will be fantastic. Especially now that your portfolio is starting to get large enough to do some churning on its own.
ReplyDeletew2r,
DeleteThe snowball is really starting to pick up steam. Based on the dividend payments that I missed this year due to purchase timing and projecting 5% growth, I'll receive right around $3,500 with no more investments. That's awesome and I can't wait to get more capital working.
Thanks for stopping by!
Pursuit,
ReplyDeleteSolid month, bud. Keep up the great work. Those dividend dollars buy new investments which pay out more dividends. Compounding is a wonderful thing. :)
Best wishes!
DM,
DeleteCompounding from reinvestment and dividend increases can lead to some serious wealth creation. I'm over $100 for every month going forward so that's a great milestone.
Thanks for stopping by!
Hi,
ReplyDeleteI have found your blog and your dividend income is really amazing!
I have build a blog (since 3 days) in Germany about DGI to show the german people, what big power is behind the dividend-shares!
But 1.875 US$ in 2013 until now - that is GREAT!!!
Keep going!
Best regards
Dividenden-Sammler from Germany
The power behind DGI is amazing. I never felt comfortable with the 4% safe withdrawal method because there's so many factors that can wipe that plan out quickly. I'm so glad that I found DGI when I did, although earlier would have been better. Looks like you've got a great plan laid out and best of luck in your own DGI endeavors. Race you to the finish?
DeleteThanks for stopping by!
Yes - I´ll race to the finish! I´m sure!!
DeleteI'm 39 now, but I still have 20-30 years to build the portfolio!
I wish I had started sooner!
On the other hand, I have a debt-free home!
I had to decide: Debt Free House or DGI.
I paid off the house in 12 years and now I'm in the race with DGI for the next 20-30 years! :-)
Best regards and thank you so much!
D-S
Another solid month -- in fact, we received nearly identical dividend amounts in October! Keep up the good work!
ReplyDeleteDGM,
DeleteFunny how that works out sometimes. I know a few months back, DM and I had almost the exact same amount of expenses for a month. I'm ready to see how well the rest of the year treats us.
Thanks for stopping by!