Tuesday, January 1, 2013

Dividend Update - December 2012

December was a great month for dividends.  I was nearly able to double September's payout in my FI portfolio which was my previous high month, but December set a new personal record with $314.48 received.  The majority of companies that I own payout on the March, June, September, December schedule so I always have my largest months then.  It's amazing to see that after the 1st quarter of the year my forward 12-month dividends were only around $450 and this month alone I received almost 70% of that in my taxable account.  My Roth IRA also saw it's biggest month yet with 3 scheduled payouts and then Wal-mart's acceleration of their usual January payout to allow shareholders avoid the potential jump in tax rates.

I made 5 purchases in my FI portfolio this month by starting new positions in Medtronic and Phillip Morris as well as adding to my position in Target twice and adding to my new Medtronic position.  These 5 purchases will add $270 in annual dividends before further increases or reinvestment.  My forward 12-month dividends for my FI portfolio now sits at $1,770.93 and for my Roth IRA they're at $203.03

Dividend Income 2012
Company Dividend Amount DRIP Shares
Waste Management (WM) $3.70 0.108
Wells Fargo (WFC) $2.93 0.090
Conoco (COP) $11.02 0.195
Pfizer (PFE)* $5.26 --
Bank of America (BAC) $1.61 0.143
Coca-Cola (KO) $19.92 0.529
McDonald's (MCD) $78.85 0.880
Intel (INTC) $32.88 1.650
Halliburton (HAL)** $33.04 --
Phillips 66 (PSX) $2.01 0.040
Emerson Electric (EMR) $14.47 0.287
Archer Daniels Midland (ADM) $6.13 0.229
Walgreen's (WAG) $18.50 0.515
Harris Communication (HRS) $29.82 0.635
Cummin's (CMI) $11.50 0.116
Medtronic (MDT)*** $11.70 0.280
CenterPoint Energy (CNP) $19.10 0.962
Caterpiller (CAT)**** $12.04 0.137
December Total $314.48
2012 Total $795.92
*Sold out of PFE position and took dividend as cash.
**I'm taking all HAL dividends as cash.
***MDT accelerated their normal January payout to December to avoid potential dividend tax increases.
****CAT accelerated their normal February payout to December to avoid potential dividend tax increases.

Roth IRA - Dividend Income 2012
Company Dividend Amount DRIP Shares
Wells Fargo (WFC) $5.61 0.173
Tower Group (TWGP) $9.63 0.516
Norfolk Southern (NSC) $10.00 0.163
Walmart (WMT)* $3.60 0.052
December Total $28.84
2012 Total $104.27
*Walmart accelerated their usual January payout to late December due to potential dividend tax increases.

I've updated my Dividend Income and Progress pages to reflect December's changes.

8 comments:

  1. Congratualtions! Good to see that you had your biggest dividend month. I'm also a big fan of Phillips 66 (PSX).

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    Replies
    1. Brett,

      Thanks! I should have picked up some more PSX after the split from COP, but I never got around to it. It feels really good to see the improvements. In one month I almost received what my forward 12-month dividends were at the beginning of the year.

      Thanks for stopping by!

      Delete
  2. Purstuit,

    Wow! Fantastic month. You received a huge month of dividends. Over $300 in passive income is wonderful. That can pay a car payment, or a cable and phone bill, or about 60% of my rent! Good stuff.

    You also had a monster month of contributions. I wholeheartedly believe that it's the capital contributions and savings rate that will dictate your success, not your investment returns. Your savings rate and contribution level (over $8k this month?) will ensure financial independence at a young age. Keep it up!

    Best wishes.

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    Replies
    1. DM,

      When striving for FI it definitely is the capital contributions because your time advantage is much more limited. My dividends and interest for the month covered over 20% of my required expenses for the month, that's just crazy. I'm definitely blessed to be able to save/invest as much as I can. That's the advantage of having very simple needs, a high paying job and being gone from home due to work. I know if I was home I would spend more but it wouldn't come anywhere close to 50% of my take-home pay. My average monthly FI savings since my debt has been gone has been $4,785 plus some Roth IRA contributions. Once I can get a chance to go take my test I can get my promotion and make more money that will go straight to savings. I definitely think I'll hit FI earlier than my 40 projection.

      And keep it up yourself too. I'm curious to see what your dividends were like for December.

      Thanks for stopping by!

      Delete
  3. Hey PIP,

    You had a great month for dividends! Congrats on hitting a new high. You are making impressive contributions. Keep up the good work. I hope to have a yearly review done myself tomorrow. Take care.

    ReplyDelete
    Replies
    1. AAI,

      Thanks! I'm sure you had a great month as well. I'll be looking forward to your post to see just how good your month was. Your option income is pretty impressive as well at $2700+. Is that just from 2012?

      Thanks for stopping by!

      Delete
  4. Getting over $300 in dividends in one month is very nice. I also like the purchases you made in December. Keep up the good work in 2013!

    ReplyDelete
    Replies
    1. DGM,

      Once I can start averaging that it'll be even better. Although for the 4Q 2012 I did average $135 / mo in passive income which covered almost 10% of my expenses. Now that's some progress. Best wishes in 2013!

      Thanks for stopping by!

      Delete