Dividend Update - March 2015
It's the end of one month so it's time for my favorite update: my dividend update. These 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 page to see what dedication to an investment plan can give you.
Ah, the end of a quarter is wonderful, isn't it? It brings closure to a portion of the year and most importantly it means there's a big month of dividends ahead and March didn't disappoint. I received a total of $747.37 in dividends in my FI Portfolio throughout the month and year to date I've received $1,343.42. I also received $4.47 in dividends in my Loyal3 portfolio. Combined my taxable accounts provided $751.84 for March. My Roth IRA also brought in $38.35 in March for a year to date total of $64.02.
Dividends in my FI Portfolio for March actually decreased by 0.2% from December 2014 but did show a solid 32.2% increase year over year. The decrease was due to the timing of payments since some companies I own have a weird payout schedule and I also closed a few positions over the last few months. But thanks to steady contributions and investment I was able to make up the difference for the most part. I'm not currently contributing to my Roth IRA due to tax issues, our MAGI hovers along the phase out limit, so all the growth shown is from dividend growth and reinvestment. My Roth IRA showed a 2.7% increase from December 2014 and a 26.7% increase year over year. It's not enough to retire on, yet, but at $1,300+ per quarter that's enough to make one additional purchase through dividends alone to continue building the snowball.
Dividends received are one thing, but I'm also after dividends that grow organically each year. Six of my holdings blessed me with dividend increases announced during March. Those companies were Wells Fargo (WFC), Air Products & Chemicals (APD), Realty Income (O), General Mills (GIS), Omega Healthcare Investors (OHI), and JP Morgan (JPM). Thanks to the dividend increases, purchases made throughout March, and automatic reinvestment of certain positions my FI Portfolio's forward 12-month dividends increased to $5,552.35. Forward dividends in my Loyal3 portfolio are at $55.18 which brings my total taxable account forward dividends to $5,607.53. Forward dividends for my Roth IRA are $264.48.
Below is the chart showing the monthly dividend totals of my FI Portfolio only, 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. At the end of the first quarter my monthly average in 2015 is $447.81 which is a solid increase from 2014's average of $379.24. 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)||$29.05||--|
|Target Corporation (TGT)||$66.73||--|
|Realty Income (O)||$17.33||--|
|Johnson & Johnson (JNJ)||$35.15||--|
|United Technologies (UTX)||$8.96||--|
|National Oilwell Varco (NOV)*||$23.46||--|
|T. Rowe Price Group (TROW)||$10.40||--|
|Centerpoint Energy (CNP)*||$25.44||--|
|March 2015 Total||$747.37||--|
|2015 YTD Total||$1,343.42|
|Company||Dividend Amount||DRIP Shares|
|Bank of America (BAC)||$5.03||0.320|
|Wells Fargo (WFC)||$9.50||0.171|
|Norfolk Southern (NSC)||$23.82||0.219|
|March 2015 Total||$38.35|
|2015 YTD Total||$64.02|
I've updated my Dividend Income page to reflect March's changes.
How were your dividends in March? Are you on track to meet your dividend goals after the 1st quarter of the year?