Tax season is upon us. I’ve already filed my taxes and am waiting for my refund to process. Recently, I asked How Should I Spend My Tax Refund? I’m still trying to figure it out, but as soon as I decide, I will let you know. Of course, I’m sure that’s not why you came here. It’s that time of the month to see how much dividends I earned. Now that I get to report on the second month of the first quarter, I expect it to be a great report. How great? Well, you just have to keep reading, won’t ya!
Dividend Income
In February, I received a total of $141.16in dividends broken down as follows:
| 1 | AAPL | Apple | $7.91 |
| 2 | ABBV | Abbvie | $32.36 |
| 3 | GIS | General Mills | $21.91 |
| 4 | HRL | Hormel Foods | $9.33 |
| 5 | O | Realty Income | $8.35 |
| 6 | PG | Proctor & Gamble | $15.02 |
| 7 | SBUX | Starbucks | $12.43 |
| 8 | T | AT&T | $33.85 |
| $141.16 |
Not too bad. I’m inching closer to that $150 mark for total dividends in a month. Even with the minimum contribution to my portfolio reduced, the portfolio is growing at a decent pace. Last quarter, I made $124.92, so that’s an increase of $16.24 extra to the portfolio since then. I would still love for the speed of the growth to be higher, but it’s hard to inject new capital into my portfolio right now because of my many goals. For more information, see my Goals and Financial Plan for 2019. Perhaps I’ll use my tax refund to increase my portfolio. Only time will tell.
Annual Comparison
Below is a graphical representation of my dividends this year as compared to the last two years:
Here is the raw data:
| MONTH | 2017 | 2018 | 2019 | Rate |
| January | $0.00 | $14.93 | $37.54 | 151.44% |
| February | $0.00 | $77.66 | $141.16 | 81.77% |
| March | $0.00 | $72.93 | ||
| April | $0.41 | $31.47 | ||
| May | $2.85 | $79.33 | ||
| June | $16.89 | $98.51 | ||
| July | $5.99 | $42.32 | ||
| August | $21.95 | $108.44 | ||
| September | $28.72 | $111.15 | ||
| October | $23.21 | $48.09 | ||
| November | $62.11 | $124.92 | ||
| December | $76.51 | $140.24 |
Well, it’s not a triple-digit increase, but a high double-digit increase from last year. As my dividend portfolio matures, the rate of the increase seems to go down. But that’s okay. The portfolio is still moving in the right direction.
Forward Annual Dividends
At the time of this writing, my forward annual dividend is $1333.85. A month ago, my forward annual dividend was $1309.91. This represents an increase of $23.94 or 2.00% in my forward annual dividend income. This is the same percentage increase as last month’s reporting. I’m getting closer to that $1500 mark, which will happen in 2019. But it might take a little longer than I would have liked because of that pesky reduction in minimum contribution to my dividend portfolio. But, as always, slow and steady wins the race!
Conclusion
Well, there you have it. Not a bad month. The dividend portfolio showed a healthy increase from last
I haven’t made a decision about what to do with my very small tax refund. Right now, the leading contenders include paying down more on my mortgage and/or making a one-time payment to my dividend portfolio. I have an idea, but I keep going back and forth between the two options. Regardless, of my indecision, my portfolio is still there working for me in the background. That’s one of the beautiful things about dividend growth investing.
How was February for you? What do you think of this post? Let me know your thoughts by commenting below.
Wow, that’s a great month DP! It’s an all-time record for you as well, as I understand.
I received dividend from 4 companies this month and you have all 4 of them (O, PG, SBUX & T). I am yet to report my summary for the month, it should come out in a few days.
BrokeInvestor recently posted…February 2019 Watchlist (Utilities)
Looking forward to checking out your report BI.
What a great month. Keep up the great work. Any increase is welcomed!
Buy, Hold Long recently posted…Passive Income Received in February 2019
Thanks BHL. I’ll be checking out your report soon.
Great Month DP! That is a nice payout from ABBV (I am looking to increase my position in that stock). I agree, no matter what is happening around you, your portfolio working for you in the background is a beautiful thing! Winter is coming to an end but snowball will continue to grow bigger and bigger. Keep up the great work DP! 🙂
My Dividend Dynasty recently posted…February 2019 Dividend Income
Thanks MDD. There’s just something awesome about the snowball effect. It never gets old.
Exellent month DP – You’re going to blow past the $150 mark in no time based on your dividend growth rate. I love the listing of companies that paid you a dividend this month. Strong, strong names.
Bert
Dividend Diplomats recently posted…Lanny’s March Dividend Stock Watch List
Thanks Bert. I’m really looking to crossing that $150 mark.
A solid month. Which stock will you buy to achieve $150 dividend per month?
DSFI recently posted…Dividend Income | February 2019 | $173.07
Hahaha. We will see DSFI.
Congrats on the monthly dividend record. Just beating out your December results. Glad to see you making some new records as well. Nice names paying you this month. Dividends being spread around pretty evenly. Keep up the great work!
Dividend Daze recently posted…Dividend Update – February 2019
Thanks Daze. I hope to continue to make new records, and I think I will be posting some news in that department soon!
Allmost at the $150 monthly and allmost at the $1500 yearly. You are making waves my friend, financial ripples which will strengthen each other in the future even if you’re contributions are dialled back.
Cool to see we share 6/8 companies this month. 🙂
Mr. Robot recently posted…February 2019 dividend report
Thanks Mr. Robot, but stay tuned regarding my dialed-back contributions.
That’s only about $14 away from doubling your previous year’s February totals…pretty nice! I’m only really getting started. I’d be happy to have $50/month at this rate.
Keep up that pace, and maybe next year this time, you’ll be closing on on $275-300!
Thanks Money Hacker. I didn’t notice that. And keep at it! You’ll eventually get to $50/month and beyond!
Getting…so…close! Congrats on a great month and pushing closer to that $150 milestone, and this was a new record for you too! I share 7 of your 8 companies from February too.
DivvyDad recently posted…Dividend Income Report :: February 2019
That’s awesome DD. Great minds think alike.
Great income report, I enjoyed reading that! Keep up the good work and best of luck in the future.
Samuel recently posted…Best Landing Page Builder 2019 – Builderall’s Responsive Website Builder
Thanks a lot Samuel. I hope my future reports will be just as good or better.
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Hahaha – thanks! Stay tuned for future updates.
Pingback: February Dividend Income from YOU the Bloggers! - Dividend Diplomats
Great minds do think alike. I look forward to these posts as always. Thanks for the continued support!