September 2017 Dividend Income

September was a fantastic month for my dividend income, and in more ways than one. This is the opposite of my β€œoff” month. The months of September, December, March, and June are my best months for passive income. On these months I receive the largest amount of dividend income from the greatest amount of dividend stocks. This month I earned $882.44 in dividend income from a total of seven (7) companies! Here they are:

 

Pfizer (PFE) – $55.04

Southern Company (SO) – $105.56

International Business Machine (IBM) – $144.74

VF Corporation (VFC) – $28.14

McDonalds (MCD) – $67.08

Universal Health Realty Income Trust – $120.12

Ares Capital (ARCC) – $361.76

 

September 2017 Dividend Income Total: $882.44

 

This month’s dividend income represents a 1.6 % increase since the start of the year. I had stopped purchasing stocks for the first 6 months of the year. Thus this growth is just from companies increasing their dividends. I did not keep track of monthly dividends last year, so I cannot give an accurate year by year comparison. The last company I purchased that would contribute to this month’s dividend income was VFC, which if I remember correctly, I purchased in December 2016.

This is also a fantastic month in that I broke the $8000 threshold for the first time in forward annual dividend income. As of now, my annual dividend income stands at $8007 in yearly passive income. What does all that mean? Well, that equates to an average of $667.25 in passive income when spread over 12 months. That would cover my monthly maintenance ($507.72) for my co-op apartment with cash left over to cover my cell phone bill ($30), internet ($50), and Hulu and Netflix ($20). These are my β€œfixed” expensive that stay the same each month. However, a good amount would cover β€œnon-fixed” expenses like my utilities and food and supply expenses as well.

On a month like September where I receive almost $900 in dividend income I can say that nearly all my monthly expenses would be covered. That itself is so cool!Β  The dividends I received this month will be used to buy more quality dividend stocks from great companies as I continue to diversify and expand my portfolio. I will continue to build my Dividend Dynasty. So how about the rest of you? How did you all do this month? πŸ™‚

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