The month of March is over. Although last month was the shortest month of the year, it felt as though this month went much faster. Here in NYC, we had gone through two Nor’ Easter storms this past month. The first brought a lot of rain and the second brought a lot of snow. But now we are officially in Spring! And I am happy to say that for me, the month of March brought a downpour of dividend income. This month I received $911.66 in dividend income from nine (9) companies!
Pfizer (PFE) – $58.48
Southern Company (SO) – $117.74
International Business Machine (IBM) – $144.74
Target Corporation (TGT) – $43.40
VF Corporation (VFC) – $30.82
McDonalds (MCD) – $72.08
Realty Income Corp (O) – $41.17
Ares Capital (ARCC) – $361.76
Consolidated Edison (ED) – $41.47
March 2018 Dividend Income Total: $911.66
While this was not a record breaking month in terms of dividend income, this month represents the highest number of companies that ever paid me. There was a total of nine companies in March. The list of stocks has grown and will continue to grow! Last year, this same month brought in $868.24 in dividend income. This means a I’ve had a 5% year over year growth rate. Nothing super big, but I will take it!
Since I restructured my portfolio a bit my dividend income for quarter ending months is smaller. When I sold UHT I lost the $121 dividend income the stock paid for those months. The good thing was that I used the money from the sale to purchase new stocks that brought me more dividend income, but on different months. While the purchase of O and ED replaced UHT and gave me a combined $82.64 for this month, it still left me $39 short this month.
Nonetheless, I am sure I will catch up in no time and keep inching closer to that dream of hitting the 1k mark for the month. In terms of dividend increases, there was just my new favorite monthly stock: O! Realty Income Corp raised its monthly dividend ever so slightly from $0.219 per share to $0.2195 per share. That dividend increase will add $1.13 to my forward annual dividend income. Nothing super big, but (again) I will take it!
I must say, I really underestimated just how much dividend increases can grow a portfolio’s forward annual dividend income. Over the course of the last three months (the first quarter of the year) the amount of dividend increases from stocks I own added a total of $155.21 to my forward annual dividend income. My portfolio now stands to generate $8,593 in dividends over the next 12 months! That is awesome! Market corrections or not, I will continue to build my dividend dynasty!
How did the rest of you do this month? Break any records? Make any good buys? Let me know in the comments below. 🙂
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