Just like
Really though, I’m just very excited
Dividend Income
In January, I received a total of $37.54 in dividend income broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | CSCO | Cisco | $13.02 |
| 2 | KMB | Kimberly Clark | $16.05 |
| 3 | O | Realty Income | $8.47 |
| $37.54 |
As mentioned, the first month of the quarter is slow and January is the slowest. That’s because Coca-Cola (KO) didn’t pay this quarter. In 2018 (as was the case in 2017), KO paid twice in the last quarter of the year and none in the first quarter of the new year. Still, despite KO not paying, I made more this year than I did last year. Besides, I keep building shares, regardless of what the market is doing.
I can’t wait for this quarter to cross the triple-digit mark.
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 | ||
| 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 |
As you can see, I earned triple-digit growth in dividends as compared to last year. Granted, some of that growth was largely based on my personal contributions to the dividend portfolio, but some also came from dividend increases from the companies. I’m very pleased with the results.
Portfolio Changes
January saw some minor but noticeable changes to my portfolio. For starters, I had to move Abbvie from one company to another because there was a change in Abbvie Transfer Agent. Well, it turns out that there was a $115 cost to transfer those funds. The result is that some of my Realty Income shares were sold to pay for the fees. That’s what it looked like on my statement, but I will call M1 Finance to confirm.
As you know, I hate the
So, sadly, about 1.2 shares of Realty Income were sold. I’m sure I’m going to incur a tax consequent a result of that sale, making the transfer fee even more expensive, but it is what it is.
Forward Annual Dividends
At the time of this writing, my forward annual dividend is $1309.91. A month ago, my forward annual dividend was $1282.03. This represents an increase of $27.48 or 2.00% in my forward annual dividend income. I’m getting closer to that $1500 mark, which will happen 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, slow and steady wins the race!
Finally, the dividend tracker has been updated accordingly.
Conclusion
Although January was small in terms of the number of dividends received, a closer look reveals that it was really the start of what promises to be a great new year. In January, I earned a triple-digit percentage increase in dividends from the previous year. Additionally, I’ve made some important decisions in my life such as to pay extra on my mortgage.
How was January for you? How have the new year treated you so far? What do you think of the progress I’ve made? Let me know your thoughts by commenting below.
Fantastic work mate. Looks like it is trending upwards. I’d take a 2% in forward dividend income if it means more money in the future! Well done.
Buy, Hold Long recently posted…January 2019 Update
Yea it’s growing slowly but definitely moving in the right direction.
Great month DP! It was my “off” month as well… but overall a record month. Congrats on triple digit YOY growth too. I have no doubt you will surpass the $1,500 mark. Keep up the fantastic work! 🙂
My Dividend Dynasty recently posted…January 2019 Dividend Income
Thanks MDD. I’ll check out your progress soon for January. Looking forward to crossing that $1500 mark.
A solid increase in annual forward dividend income. Keep it up.
That’s the plan DSFI. Growth will be slowed in 2019 but for good reason as mentioned in my financial plan.
Congrats DP. Nice start to 2019. Looks like the increases are tapering down a bit.
Yea, they are. That’s to be expected, but they are still respectable. The issue is I have all these goals and plans but so few money to spread around. But, I can’t wait to see what the year has to bring.
It’s not you… time does fly by crazy fast. I hate to say it but I can already see the “I can’t believe we’re half way through 2019,” blog posts. Make use of that time and continue to invest and stay invested. Looks like a solid start to 2019. Solid dividend payers sending cash your way with a very respectable year over year growth rate. Keep contributing!!!
DivHut recently posted…Recent Stock Purchase January 2019
I will definitely keep contributing to my portfolio, even if it’s a much smaller amount. The goal is to maintain an automatic minimum contribution to my portfolio. That’s a good habit to have and one I hope to keep for a long time.
That is outstanding growth DP! That’s a bummer to hear that you had to sell a little of your Realty Income shares to cover the fee of the transfer, but I think in the long run that will be best to have those ABBV shares somewhere you are comfortable. We share KMB and O from this month; I’ve been watching KMB for an add but it hasn’t hit the price where I feel comfortable adding more just yet.
The older that I get, the faster time seems to go by. All the more reminder of how important it is to be sure that we slow down and enjoy the journey while we can. Keep executing against your plan and you should see some great things this year!
DivvyDad recently posted…Dividend Income Report :: January 2019
Thanks DD. It’s definitely important to enjoy the ride along the way. I hope the year is a successful one for both of us.
Nice month DP, especially seeing the YoY comparison. I also received dividends form 3 companies these months and you have two of them (CSCO & O).
It’s nice to see that the dividend income keeps climbing despite all the troubles you were mentioning in your previous posts last year. Keep it up and good luck with making that financial plan work for you!
BI
BrokeInvestor recently posted…January 2019 Summary
Thanks BI. That’s one of the benefits of the DGI Strategy: dividends are always there working for you in the background. I’m so excited for what the new year has to bring. I can’t wait to see what happens and to share details about it.
Great update as always. I know January is always slow. But you still have good quality names paying you. I want to add KMB to my portfolio sometime if the opportunity presents itself. Good luck this year!
Dividend Daze recently posted…Dividend Update – January 2019
Thanks. It took a while for me to add KMB myself, but once I added it, I never looked back. Good luck getting in on an acceptable price to you.
We share all three of your companies this month DP. It’s great to see you making educated decisions and coming up with a 150% growth number. Congratulations my friend!
Mr. Robot recently posted…January 2019 dividend report
Thanks Mr. Robot. Hopefully sometime this year I can expand my portfolio but it might be a while before that happens.
I just found your site here and it’s pretty cool. One question I have on your Dividend Portfolio table…
What figure do you use in the DIVIDEND column? For example for Realty Income Corp, symbol O, you show a dividend of $2.71. Do you simply take the January dividend of .2255 and extrapolate that for the entire 12 monthly dividends, even though these may change slightly during the year?
Hey Joe. Welcome to the site.
Regarding your question, basically, I rely on the data provided by finance.yahoo.com. I know sometimes it is slightly inaccurate, but I’m good with the data for the most part. These numbers are manually entered in the spreadsheet. So, if there’s a change in dividends along the way, I might not have the most updated information where this is concerned. I hope that makes sense.
Hey, DP! Your January total may seem small, but I agree it doesn’t reflect all your progress. Your dividend chart shows how consistent you’ve been in growing your dividend totals. Anyway, I think you’ve got your portfolio moving in a good direction… Nice work.
I’m excited to see what transpires in 2019 as well.
By the way, does your dividend meter need to be reset for 2019?
Engineering Dividends recently posted…Monthly Dividend Income (Jan. 2019)
Thanks ED. Regarding your question, the dividend meter does not need to be reset for 2019. It doesn’t reset on a yearly basis. Instead, the forward annual dividends increase year-by-year. Now, once I’ve reached my goal of $2000 (or close to it), I will reset that to be a higher amount, like $3000. But I will ways continue from where I left off and not reset it back to zero. I hope that makes sense.
Got it.. thanks DP.
No worries.
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Well, I did get rid of CSCO, but I’m considering adding it back to my portfolio. O and KMB are great companies but I’ll take any increase.