Thursday, November 17, 2016

October 2016 Dividends

Greetings folks,

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:

Taxable Accounts
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

My Thoughts
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:


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$101.70
October$10.94$14.42$72.53
November$48.79$50.11
December$63.55$49.89

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!



2 comments:

  1. Nice bump in the income for the month. Good job not buying just to balance out the months. Wait for the price you feel comfortable with. Let stock prices dictate what and when you buy. Congrats on a good month.

    -Brian

    ReplyDelete
  2. Thanks Brian, I'm looking to continue the momentum!

    ReplyDelete