Recording-Breaking! That is the perfect way to describe September 2018’s dividend income. I achieved a recording breaking month in dividend income this past month. One other thing, I am happy about is the with the coming of Fall the temperatures are dropping down to comfortable levels for me. The heat wave from earlier this month has given way to cooler temperatures which means less air condition usage thus lower electric bills. And without further ado, here this month’s dividend income. This month I received $950.28 in dividend income from ten (10) companies!
Pfizer (PFE) – $58.48
Southern Company (SO) – $121.80
International Business Machine (IBM) – $151.49
Target Corporation (TGT) – $44.80
VF Corporation (VFC) – $30.82
McDonalds (MCD) – $72.08
Realty Income Corp (O) – $41.36
Ares Capital (ARCC) – $371.28
Consolidated Edison (ED) – $41.47
PepsiCo, Inc (PEP) – $16.70
September 2018 Dividend Income Total: $950.28
And with that, we have a new record for the most I ever received in dividend income for a single month. Compared with last year, this month shows a 7.68% year over year increase in dividend income. Granted it is not double-digits, but I will happily take it. As last month has shown, it has actually been my mid-quarter months that have shown the most impressive year over year growth rates. Nevertheless, I am really excited by the fact that I am within $50 of breaking the $1K per month milestone in dividend income!
And now we come to dividend increases. For this month there were two dividend increase. First there was Realty Income Corp (O) which raised their dividend very slightly to $0.2205 per share. This increase raised my forward dividend income $496.32 to $497.45 for total increase of $1.13. Secondly, there was McDonalds (MCD) which raised their dividend more substantially to $1.16 per share. This increase raised my forward dividend income $288.31 to $331.13 for a total increase of $42.82. Altogether I saw a $43.95 increase in yearly dividend income just from dividend increases.
So, I think I can safely say, it has been a great month! A record payout, nice dividend increase, and cooler temperatures. My portfolio now stands to generate $9,128 in dividend income over the next 12 months. Marching on toward the $10K milestone. With that, there is just one quarter left in the year 2018. Can you believe that? So how did you all do this past month? Let me know in the comments below!
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