Wednesday, September 14, 2016

August 2016 Dividends

I'm a bit late on this report, but better late than never. August was a good month, so I'm happy to report on my results.

Taxable Accounts:
Abbott Labs (ABT) - $9.10
Amerigas (APU) - $24.00
Apple (AAPL) - $3.99
AT&T (T) - $13.12
Prospect Capital (PSEC) - $18.97
Verizon (VZ) - $1.13

Taxable Account Total: $70.31

Roth IRA Account:
Abbott Labs (ABT) - $6.50
TD Bank (TD) - $9.26

Roth IRA Total: $15.76

Overall Total Dividend Income for August 2016: $86.07

Forward 12-month Projected Dividend Income: $1,193.07


My Thoughts:
This was a nice bounce-back month for me, as July was the low month of the last quarter. Buying shares of ABT while below $40/share definitely paid off, and it is a joy to see the dividends growing. It was also good to see a TD Bank dividend shortly after starting a position (just before the Ex-Dividend date).

For some perspective, let's take a look at my dividend history:

Month201420152016
January$14.38$14.42
February$49.07$50.38
March$50.22$52.16
April$10.83$27.91
May$46.52$59.42
June$6.69$47.51$90.97
July0$18.99$51.37
August$33.96$50.11$86.07
September$54.75$55.61
October$10.94$14.42
November$48.79$50.11
December$63.55$49.89

Since starting out, my August Dividend Income has gone from $33.96 (2014) to $50.11 (2015) to $86.07 (2016). This represents a Y/Y increase of 71.8% from August 2015 to August 2016. Not too shabby. It's always good to check progress, and see that you are making progress!

Comparing to the previous quarter (May 2016), my dividend income increased from $59.42 to $86.07, which is a 44.9% increase. I definitely like that. More progress!

August was a nice month for dividend income, but I am really looking forward to September, as the March, June, September, December months are my high dividend months for the year. Early projections have me actually exceeding $100 for the first time, and I am excited!

Onward and upward as I continue to make progress in growing my dividend income on the road to financial independence. Part of me wishes that it could come quicker, but I realize that this will take time, and so I'm happy for now plugging away at it each month, and viewing my progress, enjoying the journey.

Thanks for reading, how did you do last month? Feel free to mention below in the comments.

8 comments:

  1. Moving in the right direction it looks like keep it up.

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    1. Thanks Dividendsandhobbies! Definitely in the right direction, and continuing that momentum!

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  2. Thanks for sharing your recent dividend income with us. I used to own APU a while back. Was a good stock to hold. Nice to see a few names in common too.

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    1. Thanks Keith, my pleasure. APU is just a hold for me now as I am preferring shares in other stocks, but happy to collect the payment in the meantime.

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  3. Very nicely done! Keep at it and you will see it compounding right before your eyes. It is magic. Cheers !

    -Brian

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    1. Thanks Brian! I am seeing the beginnings of it, and I like what I see!

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  4. That's a solid month buddy - looking forward to see what September brings for you!

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    1. Thanks timeinthemarket! September was my best month to date, and I was excited to receive the dividends as well as report on them. Look out for the Sept 2016 Dividends post.

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