Dividend Update - March 2019

dividend growth investing | financial independence | freedom | dividends
It's the end of one month and the beginning of another so it's time for my favorite update: my dividend update.  These dividend 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 pages to see what dedication to an investment plan can give you.

The last month of each quarter always ends up being a great month for dividends and March was no exception.  My FI Portfolio produced $1,016.55 in dividends for March while my Folio First portfolio chipped in another $9.37.  My Roth IRA rejoined the dividend party with $55.21 of dividends.  Now that I'm reporting my Rollover IRA dividends that account added another $245.20.  My taxable accounts produced $1,025.92 with all 4 accounts combining to produce $1,326.33 during March.

Making Money While I Sleep

The power of joining the ownership class is that those companies can work much harder for you than you can.  Think about it.  By myself I have to devote my own time to my regular job in order to make money.  However by buying a stake in a high quality business I now get to leverage my own time that I exchanged for money into companies that are working around the clock to make products or provide services for their customers.  Those companies are working 24/7/365 which means that I make money even when I sleep.

During February the companies I own paid me $42.78 per day or $1.78 per hour.  Year to date those numbers are $26.26 per day and $1.09 per hour.

FI Portfolio

As I mentioned above my FI Portfolio produce $1,016.55 in dividends for March.  That's a 1.9% decrease from December which can be explained by the timing of payments.  Some of my holdings are not on a "normal" payout schedule and as such paid dividends in December, but not in March.  

Compared to March 2018 the increase is a solid 10.4%.  Through the first quarter of each year 2019 shows a great 12.5% increase compared to the first quarter of 2018.

Roth IRA

After the mid quarter month break my Roth IRA rejoined the party in March.  My Roth IRA showed excellent growth here, especially considering the growth is 100% from dividend increases and dividend reinvestment.  Compared to December 2018 March showed 5.2% growth.  Against March 2018 the increase jumps to a whopping 22.6%.  Through the 1Q of 2019 compared to the 1Q of 2018 there's 23.0% growth.  

Rollover IRA

Last month I mentioned how I will start reporting on my Rollover IRA.  The bulk of those funds are invested in dividend growth companies, although there's few that aren't, so to give the cleanest picture I will show those during my monthly reports.  That being said I'm not too worried about any particular month/quarter of dividends since my current plan is to be a bit more active with these funds than I would in my taxable accounts.  Companies fall in and out of favor with market participants throughout the year and I want to attempt to capture some of that change in emotion.  If I feel a company is undervalued I'll purchase shares and won't sell until the story changes or the market price hits what I feel is at least 1.3x "fair value".  This is just a little experiment that I wanted to try and if I feel it's too much hassle or that I'm constantly taking 2 steps forward and 1 step back then I'll revert back to my bread and butter buy and hold strategy.

Dividend Raises During the Month

March was a bit light on the dividend raise front with only 2 increases being announced.  That being said I won't complain about getting a pay raise.  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!  

Combined those 2 companies boosted my forward 12-month dividends by $7.35.  Thus far in 2019 I've received 16 increases from 15 of 54 of the companies within my FI Portfolio combining to increase my forward 12-month dividends by $90.58.

Looking Forward

My forward 12-month dividends for my FI Portfolio ended March at $6,853.33 while my FolioFirst forward dividends are at $97.72.  That brings the total taxable account forward 12-month dividends to $6,951.05  My Roth IRA's forward-12 month dividends decreased to $381.25 due to a few trims of positions.  My Rollover IRAs forward 12-month dividends are at $2,179.53.  Across all 4 accounts, assuming no dividend cuts or position size changes, I can expect to receive at least $9,511.83 in dividends over the next year.

Monthly Average

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 $540.38 per month which is $15.44 above 2018's monthly average of $524.95.  
dividend growth investing | dividends | financial independence | freedom
Monthly Comparison of Dividends Received in my FI Portfolio

Dividends Received Breakdown

Dividends | Financial Independence | Dividend Growth Investing
Dividends Received Breakdown March 2019

I've updated my Dividend Income page to reflect March's changes.

It's hard to believe the first quarter of 2019 has already come and gone.  That being said how are you looking through the first 3 months of the year?

Let me know in the comments below!


  1. 10% YoY increase is a great result, JC. Congrats on the dividend income and keep up the great work!


  2. That's a great, consistent dividend chart. It looks like you had an awesome month. I need to start separating out my IRA/Roth income from taxable like you are doing. After all I can't touch it without penalty for another 20 years. Keep up the good work.

  3. Looks like all your accounts are running well. Congrats on a 4 digit month. As always it's nice to see we share quite a few names for the month. Keep up the good work.

  4. JC - YES!!! Things are firing on all cylinders for you. Great list of companies are paying you dividends every three months. What's not to like here.



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