November is finally over and we’ve entered the last month of the year. Wow. But before we forge ahead, it’s good to take stock of the past. November was an interesting month for me and my blog. For me, Thanksgiving was a bit different in that I spent time not with family, but with coworkers. It was good, but not ideal. But, it was a good reminder that I had so much to be thankful for. Some of the things I’m thankful for are this blog and my readers. So, let me take this opportunity to say thank you all for reading and supporting Dividend Portfolio. As for the blog, in November, the site transitioned from http to https making it more secure. But, enough stalling. Now it’s time for me to provide you with what you came here for, which is my monthly dividend income update. So, let’s dive in.
In November, I received a total of $62.11 in dividends broken down as follows:
- AAPL — $5.45
- ABBV — $10.46
- GIS —- $7.90
- HRL — $5.94
- O —– $6.10
- PG —- $8.91
- T —— $17.35
Wow. That’s the most I’ve ever gotten in a single month, and from the most number of companies. I had to double check the math to make sure it was correct. This is a significant increase from August when all but GIS paid me dividends. As reflected in my August Dividend Income Report, the dividends I received was $21.95. So the $62.11 is about a 183% increase from last time. The result of the increase comes from how I invested $15,000 in August. The investment allowed me to not just increase the shares I owned, but to purchase additional companies, including GIS. So now I’m reaping the fruits of my investment. And, I will continue to reap bigger and bigger fruits every three months, and in the case of O, every month! The exponential benefit received from compounding growth in dividends is one of my top 5 reasons for investing in dividend growth stocks.
And, as always, the Dividend Tracker has been updated accordingly.
Forward Annual Dividends
As of today’s writing, my forward annual dividends is $630.54. The meter will rise again later next week when I purchase more shares with my monthly automatic contributions to my portfolio. You see, that’s how I like to invest in my portfolio. I pursue what’s called a dollar cost averaging (DCA) strategy. I invest the same amount of money every month, at the same time, regardless of what the price of the stock is doing. That way, I get the average price of the stocks I purchase. I don’t have to worry about timing the market. I don’t even have to worry if the stock market is up or down. All I do is find quality companies to invest in and DCA my way into those companies.
Finally, no new stocks were purchased in November.
It’s exciting to see my dividend income rise and get ever so closely to crossing the 3-digit mark in a single month. Spoiler Alert: It’s going to be tough to get to that point, but, I’m hoping to achieve that goal in 2018. In the meantime, I’m going to try and finish 2017 strong. And, November will play a significant role in making that happen.
How was November for you? What are your thoughts? Let me know by commenting below.