Finally! This month’s dividend income statement reports a level of success I’ve been working towards for quite some time. It’s been a long time coming and I’m really excited about this record breaking month.
March Dividend Income Statement
March is the month dividend dreams come true. Not really, but I was able to hit a long sought over goal. March’s dividend income is significant, and I’m happy to share this achievement with you.
Let’s get to it.
This month, I received $507.37 in dividend income. On average, I was paid $12.68 from 40 different companies (actually, 39 companies and 1 preferred shares fund)! This month’s record breaking dividend income statement shows an awesome 49.58% increase over last March.
Dividend Income Statement - March 2017
|03/14/2017||Johnson & Johnson||JNJ||21.33|
|03/15/2017||Realty Income Corp||O||15.72|
|03/16/2017||Duke Energy Corp||DUK||31.41|
|03/28/2017||BHP Billiton plc (ADR)||BBL||22.82|
|03/01/2017||Wells Fargo & Co||WFC||6.35|
|03/01/2017||Ford Motor Company||F||24.72|
|03/01/2017||Wells Fargo & Co||WFC||16.72|
|03/08/2017||United Parcel Service Inc.||UPS||5.81|
|03/10/2017||Emerson Electric Co.||EMR||3.84|
|03/10/2017||Honeywell International Inc.||HON||4.66|
|03/10/2017||United Technologies Corporation||UTX||2.64|
|03/10/2017||Exxon Mobil Corporation||XOM||34.36|
|03/15/2017||Main Street Capital Corporation||MAIN||2.78|
|03/15/2017||Unilever plc (ADR)||UL||8.94|
|03/21/2017||UnitedHealth Group Inc||UNH||3.13|
|03/23/2017||Home Depot Inc||HD||6.23|
|03/24/2017||Lockheed Martin Corporation||LMT||5.46|
|03/30/2017||T. Rowe Price Group Inc||TROW||9.69|
|03/31/2017||Digital Realty Trust Inc.||DLR||4.65|
|03/31/2017||Marriott International Inc||MAR||1.80|
|03/31/2017||Travelers Companies Inc||TRV||7.37|
|03/31/2017||Union Pacific Corporation||UNP||20.98|
|∑ = 507.37|
This month’s dividend covers my: cell phone, internet, electricity, gas and car insurance. It’s a significant amount of money and a big portion of my monthly bills.
Here is a chart of my passive dividend income progress over the last 2 years.
The dividend portfolio has been updated.
Net worth continues to move up as I work hard to pay down the mortgages and invest heavily.
Let’s do the numbers…
My cash is moving in the correct direction yet again this month. We seem to have found ourselves on a solid footing with no crazy surprise expenses hitting.
We are working towards finding a new health insurance plan as we recently discovered we made a mistake and picked the wrong plan (and they won’t let us change). My wife’s doctor doesn’t take this particular plan and she’s the only one that needs to go to the doctor in our family. We are considering moving to a Christian based health care sharing plan. If you have any experience with these plans, please let me know. It looks like I could cut my monthly premium in half… which sounds like a win. But, I certainly don’t want to drop out of my insurance plan to find that there programs aren’t any good.
I believe my long-term tenant in rental property #1 is thinking about moving. While that is sad, I am very excited about the thought of selling this property. The return on rental #1 is pretty low, and I would love to put that money towards paying off my primary home. I would lose the income, but I would also lose my mortgage… which would be amazing! And, it would give me a lot more money to invest every month. The monthly cash flow on this rental is less than the amount I’m paying in interest every month. I also don’t see the property gaining much in value over the next few years. There are benefits to keeping the rental, however, there are a lot of minuses too. Anyway, I don’t need to get too excited about it yet, as I don’t know if the tenant will be leaving (and I would never kick them out to sell).
Other than that, the rentals were perfect again this month. No problems and everyone paid on time! Gotta love good tenants.
Obviously, I’m ecstatic with the gains I’m making – not only in dividend income but net worth. The month’s dividend income statement is huge for me. I’ve finally hit my coveted goal of surpassing $500 of dividend income in a single month and it is the result of a little over two years of consistent investing and work. It’s been a great run, and I’m thrilled that this is only the beginning of my journey – just wish I would have started earlier.
As you may have noticed from my March and April money in the trough posts, I’ve been putting a lot of money to work (for me at least). Its been an exciting time to invest. However, it’s really unfortunate that I’m having to find a home for this money while having to deal with some super inflated values. I’m doing my best to remember time in the market trumps timing the market.
What do you think, would you consider selling a positive cash flow generating rental property to pay off your mortgage and be completely out of debt?