Dividend Income Report – January 2018

By | February 1, 2018

What a long month January was.  For a guy who only gets paid twice a month, I had way too much month left after my money.  But, February is finally here and now I’m all smiles.  That’s because I can once again make a contribution to my dividend portfolio.  Just like clockwork, every month I deposit the same amount of money regardless of what the price of the stock is doing.  That way, I dollar cost average my way into the stock market.  I’m not saying it’s the best approach for everyone, but it’s definitely the best approach for me.  So, lets see how much dividend income I received in January.

Dividend Income

In January, I received a total of $14.93 in dividends broken down as follows:

  • CSCO – $8.31
  • O —– $6.62

That’s it. Slightly disappointed, but I understand every little bit helps.  As this is the first time I am tracking my dividends in January, I don’t have last year to compare it to.  That will also be the case for February and March dividend income report.  In any case, that’s $14.93 that I didn’t have to work for.  That money will get reinvested back into my portfolio and compound its growth overtime.  I just have to get used to the fact that some months will be low payouts as compared to other months, based on the companies dividend payout schedule.

Forward Annual Dividends

Getting closer and closer to the $1000 mark.  At the time of this writing, the dividend meter shows my forward annual dividends at $701.27.  My goal was to hit $700 last year, but I made it happen sometime in January.  Better late than never.

In January, I added Emerson Electric (EMR) to my portfolio, which added $6.22 to my forward annual dividends.  It’s doubtful I’ll add any more companies soon, but we will see.

Conclusion

I was going to discuss other things such as my progress on student loan repayment, 52-week money challenge, and my savings rate.  However, I think I’ll leave those topics for future posts and only discuss the dividends I earned in this post.

So, how was January for you?  Let me know your thoughts by commenting below.

28 thoughts on “Dividend Income Report – January 2018

  1. passivecanadianincome

    Nice port, Congrats on hitting your goal. whats one month?

    Great companies paying ya and Im sure you have enjoyed the run up in price of Cisco. They are One of my best performing stocks of 2017.
    Keep it up!
    cheers
    Rob
    passivecanadianincome recently posted…Check Yourself Fool..My Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks Rob. I honestly didn’t even noticed that Cisco had a run up in prices. I tend not to pay too much attention to stock prices after I make my purchase, but I probably should change that. I like Cisco too.

      Reply
    1. Dividend Portfolio Post author

      Thanks Brian. Well I can’t wait until next year to see what the YoY Growth is.

      Reply
  2. Arnim

    Hi DP!

    I am a silent reader since a few months but your first sentences in this article triggered me: What a long month January was. For a guy who only gets paid twice a month, I had way too much month left after my money.

    I only get paid once every month at the last working day. So a whole new month ahead with the complete salary in my account. Nothing special here in Germany but makes the “pay yourself first”-slogan essential.

    Just wanted to say that. Now continue to read the rest of the article ..
    Arnim recently posted…Goodtunes.de – Top Alben 2017My Profile

    Reply
    1. Dividend Portfolio Post author

      Glad you enjoyed the article Arnim and thanks for commenting. I have many more people visiting my blog than those who actually comments. But I appreciate all my visitors. Trust me, I totally understand. I used to get paid once per month and it was very important to ensure you budget for the whole month. Sometimes, unfortunately, it was hit or miss, but important nonetheless. Feel free to comment anytime!

      Reply
    1. Dividend Portfolio Post author

      Thanks Driven. I like both companies as well – and I love your site by the way.

      Reply
  3. FIbythecommonguy

    Hey DP,
    Came across your site while browsing on Rockstart. Looks like you are on the right track and there are defiantly higher and lower months when it comes to dividends payouts. I can remember back when I was getting my first dividends and thought I cannot wait until I hit $100/month, next came $200/month, and $500. It will start to snowball quickly! Nothing like kicking back and collect those months dividends!
    FIbythecommonguy recently posted…January 2018: Net Worth Update #10My Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks FBTC. Still waiting on that $100 month, but hopefully it will come this year.

      Reply
    1. Dividend Portfolio Post author

      I definitely hope so geek. I’m so looking forward to doing my taxes – hoping for a larger than usual refund.

      Reply
  4. My Dividend Dynasty

    Hi DP! We all have our “off” months. But you still got nearly $15 for doing nothing. I’d take that! That would actually buy me lunch for the week with left over cash for the next. It’s a good start to what I am sure will be a great year for you! Keep up the great work! 😀
    My Dividend Dynasty recently posted…January 2018 Dividend IncomeMy Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks Dynasty. That $15 can cover two trips for me to Starbucks. Haha. Looking forward to a great year as well (for both of us).

      Reply
  5. Dividend Diplomats

    DP –

    Hey – divvies are divvies, pumped that you have your first January under your belt. January was a solid month for dividend increases, but is an off-month for me. That’s okay, though, as that’s where your expectations helps to alleviate the outcome. Keep it up and invest when you can!

    -Lanny

    Reply
    1. Dividend Portfolio Post author

      Sure thing Lanny. One way to look at it is that it’s good to get an off month out of the way, so I have better months to look forward to.

      Reply
  6. Cameron

    Hey DP!

    Keep up the good work! Very solid portfolio of dividend stocks.
    Give it time and you will see the true power of the snowball!

    Best of luck!

    Reply
    1. Dividend Portfolio Post author

      Totally not worried Cameron. I’m very happy with my portfolio and looking forward to February.

      Reply
    1. Dividend Portfolio Post author

      Cool beans. Hopefully, we can both increase our portfolios so that we can get paid by more companies in January. Thanks for stopping by SD.

      Reply
  7. Dividend Daze

    Happy to be a fellow shareholder in both companies with you. Quality names. Nice to see them paying you out as well. Keep it up. Make that 1k push.

    Reply
    1. Dividend Portfolio Post author

      Thanks Daze. That 1k is definitely achievable this year.

      Reply
    1. Dividend Portfolio Post author

      Thanks Mr. Robot. I wish I had more capital to buy more shares in this down market. But I will definitely keep making those buys.

      Reply
    1. Dividend Portfolio Post author

      Looking forward to the YoY growth myself ED. If the market keeps going down you might get another chance to pick up CSCO in the low $30s.

      Reply

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