Dividend Update - October 2015
It's the end of one month and the beginning of another so it's time for my favorite update: my dividend update. These dividend updates reflect all dividends that I receive through my investing pursuits. I hope they can help inspire you to take control of your own finances and invest to build a passive income stream. What you use that stream for is up to you, whether it's to fund early retirement, just provide some FI/FU money, or even to provide for an annual vacation; the key is that it can provide options and open up all sorts of possibilities. You can check my dividend income or progress pages to see what dedication to an investment plan can give you.
Dividends for the month were solid but a bit of a let down after September's haul. I received a total of $256.28 in dividends from my FI Portfolio during October. I also received $4.91 in dividends from my Loyal3 portfolio and $22.89 from my Roth IRA holdings. I don't breakdown my Loyal3 dividends because frankly most of them are quite small and even the sum of parts only amounts to a couple dollars. With October's payments I've now received more dividends YTD than I did in all of 2014 in both my FI and Roth IRA portfolios which is a nice milestone to cross.
My FI Portfolio actually showed a decline compared the the previous quarter of 4.4% although it was a 10.1% increase year over year. The quarter over quarter decline was due to the reduced combined dividend from Baxter (BAX) and Baxalta (BXLT) after the company split in two earlier this year. I've since closed my positions in both Baxter and Baxalta. You can see why I sold Baxter here but it's a combination of tax planing and a shift in the company. If we remove the dividends from July and October that were related to Baxter and Baxalta the quarter over quarter comparison eeked out a small 0.6% increase.
My Loyal3 portfolio also showed a quarter over quarter decline amounting to 92.9%. Ouch! Although the year over year growth came to 411.5%. Of course that's off just a $0.96 base so the hurdle wasn't really hard to beat. The quarter over quarter decline though was caused by the special dividend from the Kraft (KRFT) and Heinz (HNZ) merger as well as Disney's (DIS) semi-annual payment falling in July but not October. On a normalized basis the quarter over quarter comparison works out to a 3.6% increase all due to the the dividend increase from Mondelez International (MDLZ).
Roth IRA Portfolio
My Roth IRA portfolio gives a purer view of dividend growth investing at work as I have not contributed capital to the portfolio since October 2012. Since my dividends are too small for it to make sense selectively reinvest them, I simply reinvest all of my dividends into the companies that pay them. From dividend increases and dividend reinvestment the October dividends showed a 2.1% increase compared to July 2015 and a solid 9.5% rise from the year ago period.
Dividend Raises During the Month
A total of 6 of my holdings announced increases during October which is dividend growth investing at its finest. You mean a company I own a piece of, albeit tiny, wants to pay out more of their profits to me just because I own part of the company? Sign me up! There were increases from Yum Brands (YUM), Omega Healthcare Investors (OHI), Kinder Morgan (KMI), Visa (V), Aflac (AFL), and Starbucks (SBUX). Combined the dividend increases added $49.07 to my forward dividends without me doing any extra.
My forward 12-month dividends for my FI Portfolio are up to $6,011.85. Forward dividends in my Loyal3 portfolio ended the month at $59.55 bringing the total taxable account forward dividends to $6,071.40. My Roth IRA's forward 12-month dividends are up to $270.60 thanks to dividend increases and reinvestment.
Below is the chart showing the monthly dividend totals for each year that I've been investing as well as the monthly average. It's not always an increase as some companies have weird payout schedules and eventually some positions will get dropped, but the long-term trend is what matters. My monthly average so far in 2015 is $464.67. That's about a $85 increase from where my year to date average was at the end of 2014. With more contributions/investments and expected dividend increases the gap should continue to widen.
Dividends Received Breakdown
|EOG Resources (EOG)||$1.36|
|Coca-Cola (KO) (Full Analysis Here)||$53.97|
|Phillip Morris (PM)||$63.86|
|Realty Income (O)||$17.47|
|General Electric (GE)||$39.38|
|Baxter International (BAX)||$4.49|
|Bank of Nova Scotia (BNS)||$11.32|
|W.P. Carey (WPC)||$19.10|
|Toronto Dominion Bank (TD)||$7.59|
|October 2015 Total||$256.28|
|2015 YTD Total||$4,646.68|
|Company||Dividend Amount||DRIP Shares|
|JP Morgan Chase (JPM)||$9.75||0.152|
|Phillip Morris (PM)||$13.14||0.156|
|October 2015 Total||$22.89|
|2015 YTD Total||$223.52|
I've updated my Dividend Income page to reflect October's changes.
Image courtesy of Stuart Miles on FreeDigitalPhotos.net.
How did your dividends do in October? Get off to a good start to close out the last quarter of the year?