As I’m sure you’ve noticed, building dividend income monthly is a very important event for dividend growth investors. That’s why you see us all post our dividend income reports habitually. This month was a success with regards to building dividend income but disappointing as I’ve done a poor job winding in expenses and the Falcons didn’t win the Super Bowl. 🙁
Building Dividend Income
In my January 2016 dividend income report I posted a spreadsheet that showed a projection of what my January dividend income would look like in 8 years if I continued building dividend income at that month’s percentage increase. (To save you a click, the percent increase was 55%) Unfortunately, I wasn’t able to build my dividend income to $177 this month, but I was able to come pretty close! And I’m certainly happy with the growth.
Let’s get to it.
This month I received $148.71 in dividend income. On average, I was paid $10.62 from 15 different companies (more accurately, 14 companies and 1 fund)!! This is some respectable growth compared to last January! This month I was able to increase my dividend income a decent 34% over January 2016. Thank you sir, may I have another!
Building Dividend Income - January 2017
|03/01/2017||Wal-Mart Stores Inc||WMT||23.87|
|10/01/2017||Philip Morris International Inc.||PM||11.25|
|Realty Income Corp||O||15.03|
|General Electric Company||GE||25.84|
|03/01/2017||PowerShares Preferred Portfolio(ETF)||PGX||2.78|
|11/01/2017||Walt Disney Co||DIS||12.08|
|03/01/2017||Genuine Parts Company||GPC||2.63|
|11/01/2017||Walt Disney Co||DIS||9.36|
|Digital Realty Trust, Inc.||DLR||4.40|
|Main Street Capital Corporation||MAIN||2.78|
|Starwood Property Trust, Inc.||STWD||9.60|
|JPMorgan Chase & Co.||JPM||2.40|
|Windstream Holdings, Inc.||WIN||14.40|
|∑ = 148.71|
The pie chart below also shows the percentage of each payment .
Here is a chart of my passive dividend income progress over the last 2 years.
The dividend portfolio has been updated.
My net worth squeaked out a small gain this month, however cash levels continue to dwindle as I work to gain better control of my spending.
Let’s do the numbers…
So, I actually did some searching around on the internet this month for “is it possible to retire early with pets”. I love my dogs. They provide my family with a lot of joy, heck, my dogs are my family. However, pets are also shockingly expensive. Who knew?
This month we spent $2,300 on pets! Ugh. Unfortunately, our oldest dog (13 years old) got sick and needed some surgery. She is much better now, but these vet bills sure do take their toll on finance. To make it worse, over the last three months we spent over $4,500 on just pets (granted, we bought a super dog for the little piglet for Christmas). Before this month, I didn’t have pets as line item in my early retirement budget… I do now.
Zillow continues to inflate the values of my primary residence and rental property #1 beyond reason. That’s why there is no change in those home prices this month – I’ve elected to use my own “real” values. Rental property #2 is still rolling along well. I’m happy to report there were no issues with any of the rentals this month! YAY!! December’s problem only ended up costing me a little over $100 and a few hours.
Car values declined a bit more than expected this month. That tick up from 2016 to 2017 is really expensive. Our vehicles should average roughly a 1 – 2% decline each month.
This month was pretty nice even with the extreme expenses that popped-up. I’m building dividend income consistently and net worth is on the rise (reaching a new high). I also received some great news that there will be some changes in our 401k that could be HUGE! I’ll have to wait until they go into effect, but I may have a little over 200k to manage myself! Oh, this could be fun!