Another month is gone. February was such a short month, but I’m glad it’s over. Currently, I’m super busy at work and will be for the foreseeable future. I guess the equivalent might be an accountant who gets busy because it’s tax season. In any case, it is what it is. Even working long hours, sometimes twelve hours per day, sometimes more, I hope I find time to blog. Blogging is a nice reprieve and I love doing it. And, one of my favorite posts to write is at the beginning of the month where I get to report on my dividend income for the previous month. January was an off month, but let’s see how my dividend portfolio did in February.
Dividend Income
In February, I received a total of $77.66 in dividends broken down as follows:
- AAPL — $5.97
- ABBV — $13.26
- GIS —- $8.97
- HRL — $7.17
- O —– $7.09
- PG — $10.17
- SBUX – $6.06
- T —– $18.97
Now, that’s more like it. That’s the most I’ve ever received in a single month and it came from a respectable 8 number of companies. Honestly, it’s been very difficult maintaining the increased level of contributions to my dividend portfolio. It’s tough but certainly achievable and seeing numbers like this gives me motivation to keep going. AT&T gave me enough dividends to purchase 0.5 shares of the same company. I can’t wait until that reaches 1 share. I love the power of compounding growth over time.
Unfortunately, I didn’t start tracking my dividends until April of last year. So, I have to wait until April of this year before I can begin a year on year comparison. It’s going to be exciting!
The dividend tracker has been updated accordingly.
Forward Annual Dividends
At the time of this writing, my forward annual dividends is $732.93. I’ll be updating my portfolio next week to reflect the $600 per month that I invest with Capital One Investing. By the way, because Capital One Investing will be moving to E*trade later this year, it’s unclear if E*trade will be keeping the same advantage program as Capital One Investing. If they don’t, there might be a brief pause on my monthly trades as I work to find a solution. But, until that time, I’ll maintain my current level of contributions and cross that bridge when I get there.
No additional stocks were purchased in February.
Conclusion
February was a much better month for my dividend income than January. Truthfully, I’m thankful for every dividend amount no matter how small. But, it’s nice to see big numbers every now and again. This year, I’m really hoping to cross the 3 digit mark in a single month and I feel like it’s going to happen. But until then, I’ll be moving forward at the speed of exponential growth.
How was February for you? Let me know your thoughts by commenting below.
Wow man you rocked it 🙂 my feb income is a minor 12$ from T. Thats it. Rest u.s stocks will pay me at March and european once a year durring Q2 and Q3. HRL and GIS are on my target and they pay in feb. But next purchase is far for now.
700$ div income and 600$/mo investing is huge 🙂 keep it up.
And dont get overworked. We all know what they do with overworked hourses back in the days 😉 Health is very important.
p2035 recently posted…Recent buy – Pfizer (PFE)
Appreciate it p2035. HRL and GIS are great companies so they will make a good addition to your portfolio. And you have no where to go but up as you continue to contribute to your portfolio and experience exponential growth.
Job is good, but stressful. I’ll try to keep a watchful eye on my health.
Hi DP,
Congrats on a great month and a new record! I am sure that you will reach the 3 digit mark for a single month in the nearest future. I received dividends from 3 companies and you share all 3 of them (PG, O & T). I will be reporting my results this weekend 🙂
-BI
BI, looking forward to the report. All three great companies and I’m looking forward to crossing the 3 digit mark.
Nice progress DP. Keep up the good work. Tom
Tom @ Dividends Diversify recently posted…FIRO and You
Thanks Tom.
Nice job. $77+ is a solid month!
brian @ singledadmoney recently posted…Net Worth Update – FEB 2018 – $19,820 (+$2,440)
Thanks Brian. Just waiting to hit that 3 digit mark.
Congrats DP! Great list of stocks as well. We share O, GIS, and T. I am sure you will reach a 3-digit dividend income month very soon. The snowball will just get bigger and bigger. 🙂
My Dividend Dynasty recently posted…February 2018 Dividend Income
Looking forward to that time Dynasty. Thanks.
Nice dividends mate. We have one common stock AAPL. I used to own T. Cant you buy fractional shares with DRIP? I used to have the same problem with Scottrade.
dividendgeek recently posted…Dividend Increases This Week (Feb 26 – Mar 02)
Geek, I’m not sure and it’s possible you might. The problem with E*trade right now is that if it costs me $4.95 per trade and I have 12 companies, I would be paying $59.40 every month just to maintain my current level of contributions, whereas, with Capital One Investing, I pay only $12 a month. So, I hope they keep the same deal when the account gets transferred to E*trade, otherwise, I will have to try and find a solution.
DP –
Nice job! 8 Companies and almost $80 in income, with a record month is a HUGE milestone. Keep it up, keep the contributions up and push to new heights!! You can fricken do this. Busy season is almost over… cannot wait for the end.
-Lanny
Well, things will came down for me after about two weeks, but then it’s going to pick back up a couple of months from now in all likelihood. Just rolling with the punches. Thanks for the encouragement.
Hi DP. Congrats on your increasing dividends! It is only going to keep going up. My wife had the same issue with E*TRADE and she decided to make one trade a month with her entire investment. This way she avoided the trading fee being a big percentage of her investment every month (gotta watch those investing expenses!).
There are a couple of platforms with lower trade expenses – here is an article that summarizes them: https://www.thesimpledollar.com/best-free-stock-trading/
I own AAPL, PG, and T. You should do very well with those stocks long term!
Sweet. Thanks DFM. I’ll take a look at that article and welcome to the site.
Hey DP,
77$ is pretty solid and the names that paid you are top quality companies. Keep it up like this and your dividend income will be three figures each month!
I’m very busy at work and with project at home right now too. Would be cool if the day had a few more hours;-). But i know what i work for and it will pay off.
My dividend income for February 2018 was a new all time record which motivates me a lot and the amount that hit my investment account was quite substantial.
If you have the time you can check out my income blogpost…
https://dividendsolutions.wordpress.com/2018/03/01/dividend-income-feb-2018/
The money will be reinvested and i’ll write a blogpost of this new purchase soon.
Greet’s
DividendSolutions
Hey DS. Will stop by your blogpost soon. I’m not sure I want the days to have more hours. That probably just mean more time i have to work. Haha. Grats on the new all time high. Now I can’t wait to see what that is.
Nice progress and good summary. Thanks for sharing.
I’m also getting close to T finally covering one whole share per quarterly dividend. I’ve been adding to my position.
Congrats on your progress. – Mike
Mike at Balanced Dividends recently posted…Passive Income & Portfolio – February 2018 Update
Thanks Mike. It’s going to be an awesome day when T finally makes it to a whole share in reinvested dividends.
That’s a nice group of companies paying you this month, DP. I share 5 of the 8 with you. I don’t have any AAPL, but could see myself owning it. Congrats on record income. 3-digit months will be a foregone conclusion if you continue to plow $600/mo into new investments. Stay with it!
Engineering Dividends recently posted…Monthly Dividend Income (Feb. 2018)
Thanks ED. I actually contribute $1010 to my portfolio every month. The $600 only goes to companies I own in Capital One Investing which will be transferred to etrade later this year. AAPL has a low dividend yield, but I think it’s a good stock to own. I wish I owned them back when they did their stock split, but I don’t think they paid dividends at that time. In any case, I own an iphone and I like the idea that I invest in companies I understand or in whose products I routinely use. Thanks for the encouragement.
Congrats on the record and great month. Although a shakey month for stocks, those dividends look rock solid. Keep it up!
Money Professor recently posted…Net Worth Update February 2018: My Net Worth Revealed!
Thanks MP. Despite the volatility in the market, the dividends payout schedule remained unchanged. What’s more, the companies I invest in are stable companies and so I’m not worried about them going out of business tomorrow, even in a more volatile stock market. AAPL, for example, is still a strong company even though the price of the stock might have declined a little. I do pay attention to the markets, but I’m really not phased by what’s going on. It also helps that I have a long term horizon, as I plan to stay invested for at least the next 15 years and, more likely, the next 30 years (or longer).
Great stuff DP! We share four companies this month. Almost 80$ is really awesome!
Mr. Robot recently posted…February 2018 Dividend Report
Thanks Mr. Robot. Almost $80. I like the sound of that.
DP, 8 companies paying out $80 is great! It’s too bad the forward income isn’t at $800 yet or we’d be rolling in 8s. Congrats on the record month!
timeinthemarket recently posted…Time in the market dividend review – February 2018 – bond yields aren’t terrible now?
Such a shame, but all in good time!
Thats a good month DP. We share stock in a couple of companies like GIS, HRL and O. You had a good month with some good dividend income. Soon you will make it to 3 digit dividend income. Keep up the good work.
More Dividends recently posted…Dividend Increase – Coca Cola (KO)
Looking forward to the three digit mark MD.
Congrats DP,
Good Mix of stocks ,we have 6/8 in common,Very soon you will be at 100 with increases.
great minds think alike desi dividend. hoping to get to that 100 soon.
Nice month. Solid payers giving you a good dividend. I have Capital one also but since I have a larger portfolio I’m gonna switch to Merrill edge and get their free trades which will probably help. Keep it up.
Doug recently posted…FEB 18 Dividend report
I don’t think my portfolio is large enough to qualify, but it might get there in about 1-2 years. Also, I don’t believe you can purchase fractional shares of the stock even though you may have fractional shares with dividend reinvesting. Still, Merrill Lynch is not a bad alternative, especially if I’m looking for automatic dividend reinvesting (that Robinhood doesn’t do) and free trades of stocks (as opposed to index funds or ETFs).
For Merrill edge free trades you need a qualified checking account and a combined balance of 50,000 for 3 months for platinum and that gets you 30 free trades a month
Doug recently posted…FEB 18 Dividend report
thanks for the info doug
Damn DP. The machine is starting to get some serious speed now. Enjoy the ride while it lasts!
Stockles recently posted…Dividend Income Update February 2018
Thanks Stockles. Hopefully, it lasts a long time.
Congrats! I was thinking “Wow, I think this is the most I have ever seen you make in a month”. Then that was the next sentence I read haha. Awesome job man. Catching up to me in a hurry. Can’t wait till we both get to the point where we see triple digit consistent months of dividends.
Also looking forward to the day when we can both reach triple digits. Also looking forward to surpassing you! haha. But all in good fun.
Great job DP! Congrats on your highest month so far! Those 8 companies are strong picks! Keep on grinding!
Money Hungry recently posted…Dividend Income February 2018
Thanks MH, that’s what I plan on doing.
Looks like a solid return for the month of Feb. with a handful of common stocks paying us both. Keep up the good work. Like you I’m also waiting to see how Etrade will honor or not the classic Sharebuilder commish and investing plans. If they don’t I will consider moving my account elsewhere. These days there are several free and low commish choices that one doesn’t need to stick with a broker if they aren’t happy. Thanks for sharing.
DivHut recently posted…Dividend Income Update February 2018
Agreed DH. I do hope they keep the plan but it’s good there are other options.
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The empire is still the long game and dividend investing will help me win at the game.