Dividend Income Report – October 2019

By | November 2, 2019
The struggle is real

Halloween has come and gone. October is over. November is upon us. Only two more months left until the end of the year! And what a year it’s been. I can’t wait to do my end of year report and outline my new financial plan for 2020. But let’s not get heading of ourselves. There’s still a lot that can get done in 2 months. We can still make smart decisions on how we save, how we spend and how we invest for dividend income. We can still finish the year strong. In the meantime, let’s see how much dividend income I received in October 2019.

Dividend Income

In October, I received a total of $3.00 in dividend income broken down as follows:

NO.STOCKNAMEDIVIDENDS
1CSCOCisco Systems $0.89
2KMBKimberly Clark $0.87
3KOCoca Cola $0.89
4ORealty Income $0.35
 $3.00

Wow! How the mighty have fallen! This is a direct result of me selling my stocks to buy a beach condo. While the sale was for a good cause, it’s still sobering to see the drastic drop in dividend income. That’s mostly because of my history with dividend income stocks.

As you may recall, prior to starting this blog, I was invested in dividend reinvestment plans but chose to sell ALL my stocks. Then, years later, I chose to get back into dividend reinvesting and started this blog. Part of my mantra was not to sell stocks until retirement. But, as the apt saying goes, life happens when you make plans.

Here is some good news! Dividend Portfolio isn’t going anywhere. What’s more is that because the second month of the quarter is my slowest month, this $3 in dividends will be my SMALLEST dividends earned for a long time. Although I plan on selling more stocks soon, none of them will be any of these four. After I close on the condo, you can expect a very robust contribution campaign to rebuild my dividend portfolio – after I’ve established a 3-month emergency fund for the condo.

Annual Income

Here is a graphical representation of the dividends earned this month in relation to the dividends earned in previous years.

Here is the raw data:

MONTH201720182019Rate
January$0.00 $14.93 $37.54 151.44%
February$0.00 $77.66 $141.16 81.77%
March$0.00 $72.93 $136.45 87.10%
April$0.41 $31.47 $55.39 76.01%
May$2.85 $79.33 $142.69 79.87%
June$16.89 $98.51 $160.47 62.90%
July$5.99 $42.32 $59.68 41.02%
August$21.95 $108.44 $147.73 36.23%
September$28.72 $111.15 $151.66 36.45%
October$23.21 $48.09 $3.00 -93.76%
November$62.11 $124.92   
December$76.51 $140.24   

As you can see, I earned a NEGATIVE 93.76% in dividends compared to last year October. That is, I earned less money this year than I did last year. As mentioned, that’s because I sold my stocks. Still, I’m not giving up. Although it will take some time, one of my short term goals will be to earn enough dividends that exceed my 2018 results.

Finally, the Dividend Tracker has been updated.



Forward Annual Dividends

At the time of this writing, my forward annual dividends is $497.50. A month ago, my forward annual dividends was $489.95. This represents a 2% increase from the previous month. I do expect another decrease to the forward annual dividend figure to help with closing costs.

Conclusion

I honestly can’t wait for this year to be over. There has been so much that has happened recently and I am just looking for a fresh start. These include new health concerns as well as laying the groundwork to start a new website, which will track the progress of my real estate. Still, I’m going to do everything I can to finish the year strong.

Stay tuned for my upcoming posts. Because of the recent changes going on with brokerages such as Charles Schwab, I am actively deciding to switch brokerage firms. I really like M1 Finance, but I have some stocks in Computershare. It just doesn’t make sense anymore to be with Computershare. Once I sell all the stocks at Computershare, I will choose to rebuild my portfolio at either M1 Finance, Charles Schwab or both. So, stay tuned.

How was October for you? Did you dress up for Halloween? If so, what was your costume? Did you reach any milestones? What do you think of this post? Let me know by commenting below.

20 thoughts on “Dividend Income Report – October 2019

    1. Dividend Portfolio Post author

      Hey thanks Bert. Technically, the condo is still ahead of me because the closing is not until February. But I get your point. I too am looking forward to that moment when I can start rebuilding my portfolio in earnest.

      Reply
  1. JC

    Man I know that stings a bit to see the drastic YoY drop, but that was money you had saved and invested for your own use. You did what you feel was best by purchasing the condo and I don’t think anyone can fault you on that one. The good thing is that your YoY increases will be gigantic once you get back to investing regularly. All the best.
    JC recently posted…Recent Buy (16)My Profile

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    1. Dividend Portfolio Post author

      Ya, my YoY is going to be awesome! Haha. What I’m really interested to know is whether I can contribute more to my portfolio with the condo than I did without it.

      Reply
  2. My Dividend Dynasty

    Ouch. While it must feel bad to see such a decline, at least you put the money to good use! Congrats again on buying an awesome condo! And like you said, you can always rebuild your portfolio. The snowball will continue to grow and before you know it, you surpassed what your portfolio used to be. I’m sure things will turn out great for you! Like you, I am also looking forward to the new year. 🙂
    My Dividend Dynasty recently posted…October 2019 Dividend IncomeMy Profile

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    1. Dividend Portfolio Post author

      Thanks MDD as always for the continued support. I’m hoping that the snowball will be at a faster pace once I am able to start rebuilding the portfolio. We shall see.

      Reply
  3. Passivecanadianincome

    This is life. Everyone posts their journey. Short term it sucks to see negative growth, but you put that money to other assets. So that’s good.

    I sold a bunch of stocks this yr twice and bought 2 newer cars. No regrets! The snowball slows, but we rebuild.

    This is life.

    Keep it up, diversifying into different asset classes is a good idea. Hopefully your growth rate next year will be spectacular.

    Cheers.

    btw hope that health scare ain’t all that bad.
    Passivecanadianincome recently posted…Passive Income – October 2019My Profile

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    1. Dividend Portfolio Post author

      Thanks Rob. I feel as if that I have a newfound motivation to spend less and save more and it’s not even the new year yet. Regarding the health scare, because of it, I am now forced to eat more healthy and drink more responsibility, so that is probably a good thing regardless. Only time will tell if my change in diet will improve things – it’s supposed to.

      Reply
    1. Dividend Portfolio Post author

      I agree PC. I still wish I had enough money elsewhere so as not to have sold the stocks but you are absolutely right.

      Reply
    1. Dividend Portfolio Post author

      Fair point Tom. By the way, I’m overdue to visit your blog. Will do soon. Thanks as always for your input.

      Reply
    1. Dividend Portfolio Post author

      Thanks Divcome. I hope I am indeed able to achieve my goals.

      Reply
  4. Engineering Dividends

    Lots of change, DP. However some dividend income continues to roll in. Hopefully, you’ll bounce off these dividend lows, supported by new investments thanks to some new found rental income.
    One thought… I’d imagine you’ll be able to transfer out your positions at Computershare without having to selling them. No need to generate a possible tax bill if you are planning to keep your current positions intact.
    Looking forward to see how it all settles out in the coming months…
    Engineering Dividends recently posted…Monthly Dividend Income (Oct. 2019)My Profile

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    1. Dividend Portfolio Post author

      Thanks ED and you’re right. I’m definitely going to transfer funds from Computershare into M1 Finance so that it doesn’t trigger a taxable event. I might sell it from M1 Finance but we will see.

      Reply
  5. Doug

    I would rather sell stocks than have idle cash sitting in a bank for any type of purchase. but other than that build it back up. just consider it a loan from yourself that might or might not get paid back depending on valuations lol.
    Doug recently posted…2 Dividend Increases.My Profile

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    1. Dividend Portfolio Post author

      Haha. Not a bad thought Doug. I’m just hoping not to lose money on this Condo.

      Reply
  6. Pingback: October Dividend Income from YOU the Bloggers! - Dividend Diplomats

    1. Dividend Portfolio Post author

      It only gets better after this! (I hope). But 2020 is going to be exciting!

      Reply

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