Dividend Update - September 2014
September, like the end of most quarters, was an excellent month for dividends. The majority of companies that I own make their payment to owners at the end of each quarter and I set a new personal best this month. These dividend updates reflect all dividends that I receive through my investing pursuits and I hope 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 opens up all sorts of possibilities. You can check my dividend income or progress page to see what dedication to an investment plan can give you.
I received $689.60 in dividends in my FI portfolio throughout September and have received a total of $3,215.63 year to date. The $689 was a personal best for any month and those dividends helped me to surpass the dividends I received all of last year but in just 9 months. That's a 14.0% increase from June 2014 and an excellent 52.9% increase from September 2013. I'm 71.5% of the way towards my goal of receiving $4,500 this year and we're now 75% of the way through the year. I've got some work to do in order to make up that gap but there's a chance I could still meet this goal. I also received a whopping $0.10 in my Loyal3 portfolio. The dividends in my Roth IRA give a purer view of dividend growth investing at work since I haven't been able to make additional contributions. Growth is only from dividend increases and reinvestment. For my Roth IRA, I received $41.70 in September and have received a total of $164.47 year to date. That's a 14.9% increase from June 2014 but a 14.3% decrease from September 2013. The decline is due to selling part of my position in Norfolk Southern (NSC) at the end of last year to add shares of Phillip Morris (PM).
After the buying spree that was August, September was a much tamer month. I added to my position in Deere & Company (DE) as well as adding to one of the first companies I purchased, Emerson Electric (EMR). I made several other smaller purchases in my new Loyal3 portfolio but those don't really move the needle like the bigger purchases in my regular taxable account. With the purchases and dividend increases from six of my holdings my FI Portfolio's forward 12-month dividends increased to $5,128.24. Adding in the $13.74 from my Loyal3 Portfolio and my forward 12-month dividends are $5,141.98. That's 93.5% of the way towards my revised goal of $5,500 by the end of the year. My forward dividends continue to climb month after month and eventually they will exceed my expenses and allow me to contemplate retiring early. My Roth IRA's forward 12-month dividends increased to $251.26 which is around a $25 increase from June 2014.
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. It's great to see that my 2014 average through September is up to $357.29 and well above 2013's monthly average of $212.23. With more contributions/investments and expected dividend increases the gap should widen that much more.
| Company | Dividend Amount | DRIP Shares |
|---|---|---|
| Wells Fargo (WFC) | $19.26 | -- |
| Conoco (COP) | $12.98 | -- |
| Bank of America (BAC) | $8.09 | -- |
| McDonalds (MCD) | $84.97 | -- |
| Halliburton (HAL) | $7.22 | -- |
| Phillips 66 (PSX) | $4.14 | -- |
| Emerson Electric (EMR) | $15.83 | -- |
| Walgreens (WAG) | $23.31 | -- |
| Harris (HRS) | $38.78 | -- |
| Cummins (CMI) | $18.19 | -- |
| Target Corporation (TGT) | $66.73 | -- |
| Aflac (AFL) | $27.16 | -- |
| Lorillard (LO) | $18.85 | -- |
| BP (BP) | $23.69 | -- |
| Microsoft (MSFT) | $11.52 | -- |
| Chevron (CVX) | $58.82 | -- |
| ExxonMobil (XOM) | $36.39 | -- |
| Wal-Mart (WMT) | $30.44 | -- |
| Realty Income (O) | $16.76 | -- |
| IBM (IBM) | $23.34 | -- |
| Visa (V) | $6.81 | -- |
| Johnson & Johnson (JNJ) | $35.15 | -- |
| American Realty Capital Properties (ARCP) | $16.03 | -- |
| PepsiCo (PEP) | $40.32 | -- |
| Unilever (UL) | $11.48 | -- |
| 3M (MMM) | $9.41 | -- |
| Centerpoint Energy (CNP) | $23.93 | |
| September Total | $689.60 | |
| 2014 Total | $3,215.63 |
| Company | Dividend Amount | DRIP Shares |
|---|---|---|
| Bank of America (BAC) | $5.01 | 0.292 |
| Wells Fargo (WFC) | $9.37 | 0.182 |
| Wal-Mart (WMT) | $4.54 | 0.060 |
| Norfolk Southern (NSC) | $22.78 | 0.209 |
| September Total | $41.70 | |
| 2014 Total | $164.47 |
I've updated my Dividend Income page to reflect September's changes.
How did your dividends do in September? Are you on target to reach any of your dividends goals for 2014? Raising your goal higher?
Wow! You are building one helluva income stream there, JC. Congrats on the fantastic progress! Keep it up
ReplyDeleteR2R
R2R,
DeleteSeptember was really kind to me. Almost an extra $700 that I didn't have to work for and got to invest. Eventually I'll get to start living off those dividends though which will be awesome.
Thanks for stopping by!
Man, that year over year growth is fantastic. At the rate you're going, I'm predicting a $10,000 dividend year in 2016. You heard it here first! :)
ReplyDeleteKeep on chugging!
w2r,
DeleteThe combination of a high income and high savings rate will do wonders to increasing your investments! I'd love to be at $10k in 2016 but I don't think I'll make quite that big of a jump. My forward dividends will hopefully be close to there by then though!
Thanks for stopping by!
JC,
ReplyDeleteAwesome work, bud. Congrats on your personal best. You're nearing over $700!! That's just awesome.
I know I've talked about this income being like a part-time job, but the amount of dividend income some of us are hitting is truly such. I wouldn't have imagined four years ago hitting $700 in one month in passive income.
Keep up the great work!
Best regards.
DM,
DeleteI really can't believe that I'm almost up to $700 for a month in truly passive income. I know I planned for it but it's still completely different to actually see and receive it. I was able to pass $1,200 for the quarter which is pretty awesome. Looking forward to your tally for September. I'm sure it was amazing.
Thanks for stopping by!
PIP,
ReplyDeleteI love the consistent progress. Congrats on the personal best dividend month!
MDP
MDP,
DeleteConsistency is the key to reaching just about any goal. And it has the added benefit of being motivating itself to keep the tally increasing.
Thanks for stopping by!
Nice progress. Keep plugging at it.
ReplyDeleteKeep cranking,
Robert the DividendDreamer
Robert,
DeleteSeptember was really kind to me and it helped me pass $1,200 for the quarter. Still a long ways to go to reach FI but I'm working towards it.
Thanks for stopping by!
Wow those are some incredible numbers, congrats PIP, keep up the great work
ReplyDeleteMrStockFox,
DeleteThe end of the quarter is really great for me. Sadly the other two months each quarter need some work to get up to this level. But the trend is higher which is always welcomed.
Thanks for stopping by!
Impressive! Diversified and substantial, perfect. I'm jealous :)
ReplyDeleteDividendDeveloper,
DeleteI'm trying my best to create a diversified stream. Some companies do better in a booming economy and others hold up much better in a flailing one. But the dividends keep increasing which I love!
Thanks for stopping by!
Hi JC, I just started my blog today and Im following dividend growth investors to keep me motivated. Seeing your passive income, I am already pumped up haha! This is what investing is all about. Best of luck!
ReplyDeleteF2FF,
DeleteGlad to have you starting your own blog. I always like to see new blogs in the DGI space. It's really cool when you're first starting out and you get to see the tremendous growth that each purchase gives you. Keep at it and I'll stop by later today to see what you're all about.
Thanks for stopping by!
Very nice -- almost $700 in dividend income! September was a personal best for me, too, at $498. Keep up the great work!
ReplyDeleteCheers
FerdiS
Ferdi,
DeleteI hope to actually cross $700 in December. It should at least be close. Great job almost getting to $500. That's a huge total.
Thanks for stopping by!
WOW! That is almost more than what I have brought in YTD. More impressive than the number is the growth year over year. Keep it up buddy
ReplyDeleteEvan,
DeleteHigh income, high savings rate and consistent investing will do wonders for improving the dividends received. It's really cool to see the growth and it's starting to pick up all on it's own now. Almost $700 in September plus a little over $500 combined in July/August brought the total to over $1,200 for the quarter. That's almost enough to make a normal purchase for me.
Thanks for stopping by!
I love the end of the quarter months. I wish every month could be like these :) Awesome job on the FI portfolio, I'm just getting that rearranged, but it's already starting to see the changes. Dividends are up 27-49% over the last quarter for my FI, Roth, and IRA accounts.
ReplyDelete