I'm a bit tardy, but I wanted to continue to show my monthly dividend income, to show my progress since starting dividend investing a few years back, and starting a DGI strategy this past March.
See my numbers for October 2016 below:
Viacom (VIAB) - $3.20
Cardinal Health (CAH) - $6.73
Prospect Capital (PSEC) - $3.75
Cisco Systems (CSCO) - $4.94
New Residential (NRZ) - $17.94
Taxable Account Total: $36.56
Roth IRA Account
iShares Core S&P Small Cap ETF (IJR) - $2.47
iShares Core S&P 500 ETF (IVV) - $12.13
Cardinal Health (CAH) - $5.84
Prospect Capital (PSEC) - $15.53
Roth IRA Account Total: $35.97
Overall Total Dividend Income for October 2016: $72.53
Forward 12-Month Projected Dividend Income: $1,285.97
Unfortunately the January/April/July/October months are my lowest months for dividend income. I've been meaning to contribute more to the companies that pay in these months, to balance it out with the other months, however, these companies did not have attractive prices for me when the time came to buy. When the prices get more attractive, I may be able to balance it out more.
Just before the Viacom (VIAB) payout, I learned that they had cut their dividend by a whopping 50%!! Even before this, I was having my doubts about this company's viability going forward, as they offer a limited number of networks, none of which are necessity entertainment options, in my opinion. As a result, I decided to sell my position in Viacom, and re-allocate the money to shares in Target (TGT). Target next pays out in December, and much of my recent buys are for companies that pay out in December, so I am expecting an amazing December when it rolls around. Stay tuned...
Here is my monthly dividend history:
Since starting this dividend investing endeavor, my October dividend income has grown from $10.94 in 2014 to $14.42 in 2015, and jumped to $72.53 in 2016. Indeed, a nice bump this year!
From October 2015, this has been a Y/Y increase of 403%! From July 2016, it is a more modest Q/Q increase of 41%, but still impressive. Each month, I continue to see increases in my dividend income, and it feels good, and it's a nice encouragement to push forward to keep growing that income. My hope is that to accelerate things, I can pick up some additional streams of income and deploy additional cash to invest. I am investigating some possibilities, but in the meantime, happy to monitor my increasing income.
How was your October? Let me know in the comments!