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||--|
|Bank of America (BAC)||$8.09||--|
|Phillips 66 (PSX)||$4.14||--|
|Emerson Electric (EMR)||$15.83||--|
|Target Corporation (TGT)||$66.73||--|
|Realty Income (O)||$16.76||--|
|Johnson & Johnson (JNJ)||$35.15||--|
|American Realty Capital Properties (ARCP)||$16.03||--|
|Centerpoint Energy (CNP)||$23.93|
|Company||Dividend Amount||DRIP Shares|
|Bank of America (BAC)||$5.01||0.292|
|Wells Fargo (WFC)||$9.37||0.182|
|Norfolk Southern (NSC)||$22.78||0.209|
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?