Dividend Update - October 2014
October was a big drop from September's record setting month but that was completely expected. I did set a personal best for dividend payments in the first month of a quarter though. 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 was able to set a personal best in dividends received during March which is great motivation and helps to keep me on track.
I received a total of $232.72 in dividends in my FI portfolio in October and have received a total of $3,448.35 YTD. I'm now 76.65% of the way towards my goal of $4,500 in dividends received for the year so I'm a bit behind pace but the good news is that my expected dividend payouts should bring me just over the $4,500 mark before any other investments. I also received $0.96 total from 2 companies in my new Loyal3 portfolio. It's not much but it's better than nothing. 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. For my Roth IRA in October I received $20.90 and have received a total of $185.37 so far this year. That's about $15 ahead of October 2013's total so it's pretty good to see growth, albeit slow. For my FI Portfolio, October's dividend saw 11.46% growth from July and 81.60% growth from year over year.
I didn't make any new purchases in my FI Portfolio during October although it wasn't for not wanting to. I'm trying to hoard a bit more cash because I'm not exactly sure what the next 6 months or so will bring. And of course by the time I did scrape together some capital and get it moved to my brokerage account the markets had rallied from the sell off in the first half of the month. I did continue to make purchases in my Loyal3 portfolio though to slowly build up positions and invested a total of $1,025 throughout the month, $25 at a time! My FI Portfolio's forward 12-month dividends are up to $5,220.78 thanks to increases from 4 of my holdings and adding in the $33.81 that my Loyal3 Portfolio is at brings my forward dividends up to $5,254.59. As I mentioned in my 3rd Quarter Goals Update I had surpassed my original goal of $5,000 in forward dividends earlier this year and I'm now 95.54% of the way to my revised goal of $5,500. I'm not sure if I'll get to my new goal or not since it'll depend on how quickly I can build up my savings and then start investing again. But there's a chance to get to it. My Roth IRA's forward 12-month dividends are at $252.07.
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 October is at $344.84 and well above 2013's monthly average of $212.23. The last 3 month average is even better at $415.58. With more contributions/investments and expected dividend increases the gap should continue to widen.
|EOG Resources (EOG)||$1.36|
|Phillip Morris (PM)||$62.61|
|Realty Income (O)||$16.79|
|General Electric (GE)||$37.67|
|Baxter International (BAX)||$20.28|
|American Realty Capital Properties (ARCP)||$16.03|
|Company||Dividend Amount||DRIP Shares|
|JP Morgan Chase (JPM)||$8.63||0.146|
I've updated my Dividend Income page to reflect October's changes.
How did your dividends do in October? Are you on target to reach any of your dividends goals for 2014?