Setting Records | Dividend Update - December 2017
|Dividend Update - December 2017|
December turned out to be my best month yet for dividends received surpassing September's milestone total. My FI Portfolio produced $907.21 in dividends during the month. My Roth IRA added another $41.62 in dividends during December. Combined the two portfolios generated $948.83 during the month.
As I mentioned earlier I set a personal best for my FI Portfolio and broke through the $900 level in December for the second time ever. I just tip toed in at $907.21 dividends received, but I still passed it.
Compared to September my FI Portfolio saw a very modest 0.4% increase. However, what's really exciting is that year over year, December's dividends showed a hefty 5.7% increase and that's without Ventas' (VTR) usual December payout that was pushed back into January. Although, 2017's yearly total only showed a slight 0.8% increase compared to 2016's total.
Considering the position trims made in late 2016/early 2017 and the two dividend cuts I had to absorb, as well as the 4 no raise holdings, I'm pretty happy with how things turned out. Especially when you add in the fact that there was no new capital added to the portfolio because we're still getting back on solid ground. Things are moving in the right direction and I expect 2018 to bring about a lot more progress.
Roth IRA Portfolio
My Roth IRA didn't see any dividend increases among the September and December payers so it was a fairly small increase from dividend reinvestment alone. Compared to September, December's Roth dividends showed a 0.6% increase. However, compared to December 2016 this month's totals showed a whopping 18.0% increase. Looking at the YTD dividends for 2017 compared to 2016 shows an equally impressive 11.2% increase year over year.
Dividend Raises During the Month
December was a solid month for dividend increases with 3 of my holdings announcing raises. 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!
That's 3 different pay raises in just one month compared to a big, fat zero from my day job. Combined those 3 companies increased my forward 12-month dividends by nearly $4.01. Through the end of December I've received 47 different dividend increases raising my forward 12-month dividends by over $267.
My forward 12-month dividends for my FI Portfolio ended 2017 at $5,833.07. My Roth IRA's forward-12 month dividends ended December at $322.61. Across both accounts, assuming no dividend cuts or position size changes, I can expect to receive at least $6,155.68 in dividends over the next year.
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, as we saw above, and eventually some positions will get dropped, but the long-term trend is what matters.
The rolling 12-month monthly average for my FI Portfolio is at $473.37 per month which is just slightly above 2016's monthly average of $469.73. Considering the stock sales and dividend cuts I had to overcome I'm pretty happy with 2017's small increase.
|Monthly Comparison of Dividends Received From FI Portfolio|
|Company||Dividend Amount||DRIP Shares|
|Wells Fargo (WFC)||$21.46||--|
|Bank of America (BAC)||$19.42||--|
|Coca-Cola Company (KO)||$60.51||--|
|McDonald's Corporation (MCD)||$85.76||--|
|Phillips 66 (PSX)||$5.80||--|
|Emerson Electric (EMR)||$29.97||--|
|Walgreens Boots Alliance (WBA)||$18.43||--|
|Target Corporation (TGT)||$79.57||--|
|Exxon Mobil (XOM)||$53.69||0.539|
|Realty Income (O)||$20.17||0.356|
|Johnson & Johnson (JNJ)||$64.20||0.386|
|Unilever plc (UL)||$12.62||--|
|YUM Brands (YUM)||$12.63||--|
|3M Company (MMM)||$21.16||--|
|United Technologies (UTX)||$9.80||--|
|T. Rowe Price Group (TROW)||$12.11||0.115|
|Becton, Dickinson and Company (BDX)||$6.07||0.028|
|Ross Stores (ROST)||$8.98||--|
|Hershey Company (HSY)||$7.22||--|
|Centerpoint Energy (CNP)||$31.19||1.079|
|December 2017 Total||$907.21|
|2017 YTD Total||$5,680.38|
|Company||Dividend Amount||DRIP Shares|
|Bank of America||$12.58||0.423|
|December 2017 Total||$41.62|
|2017 YTD Total||$288.73|
I've updated my Dividend Income page to reflect December's changes.
How were your dividends in December? Did you meet your dividend goals for the year?
Let me know in the comments below!