February was one of the worst months I’ve ever had! Not because the market pulled back (that was a positive as it gave an opportunity to pick up some better values) but because of my wife’s health problems. I’m going to briefly address some of health challenges we faced in a bit.
But first, February was an incredible month for dividend income. Truly, the dividend snowball is really starting to grow!
February Dividend Income
This is the year of big gains for my dividend income. Last year, when I was given the keys to my 401k account to invest, I planted the seed for some huge dividend income growth. Well, that money is pretty much all invested now, and this year the fruits of that work are being seen. Big time!
Let’s get to it.
This month I received $748.92 in dividend income. On average, I received $29.95 paychecks from 25 incredible companies. While this isn’t my highest monthly dividend income rake, it’s still a lot!
February - 2018 Dividend Stock Buys
Date Company Ticker Dividend Income 02/01/2018 AT&T Inc. T 148.86 02/01/2018 General Mills, Inc. GIS 70.06 02/02/2018 CVS Health Corp CVS 78.66 02/07/2018 Lowe's Companies, Inc. LOW 47.56 02/09/2018 American Express Company AXP 11.58 02/09/2018 Clorox Co CLX 8.40 02/15/2018 Realty Income Corp O 52.02 02/15/2018 Stag Industrial Inc STAG 11.83 02/15/2018 Apple Inc. AAPL 17.64 02/15/2018 Hormel Foods Corp HRL 23.44 02/15/2018 Paychex, Inc. PAYX 15.00 02/15/2018 National Retail Properties, Inc. NNN 58.90 02/23/2018 Starbucks Corporation SBUX 30.00 02/27/2018 Fastenal Company FAST 29.60 02/20/2018 Caterpillar Inc. CAT 19.75 02/28/2018 PowerShares Preferred Portfolio(ETF) PGX 2.93 02/15/2018 Procter & Gamble Co PG 14.75 02/15/2018 Omega Healthcare Investors Inc OHI 88.05 02/01/2018 Deere & Company DE 5.40 02/01/2018 Potash Corporation of Saskatchewan (USA) POT 3.31 02/09/2018 Mastercard Inc MA 0.50 02/15/2018 AbbVie Inc ABBV 4.97 02/15/2018 Colgate-Palmolive Company CL 1.60 02/15/2018 Kinder Morgan Inc KMI 1.25 02/15/2018 Main Street Capital Corporation MAIN 2.86
This is a 267.28% increase over February 2017!
February’s income covers all of my utilities and food for the month!
Here is a chart of my dividend income progress over the last 3 years.
The dividend portfolio has been updated.
I had a slight net worth drop this month, but nothing too terrible. We had a lot of health care bills this month.
Let’s do the numbers…
A lot of red this month with regards to cash. My wife’s health insurance deductible needed to be paid. We quickly blew through almost $9,000! It’s a lot of money, but it’s a mere 3% of the total hospital bill that we received. We are extremely fortunate to have health insurance to cover these type of events. And even more fortunate to have an emergency fund that we can use to pay for these types of expenses.
You’ll also notice that there is still a large sum of cash sitting in the account. This is from the sale of rental property #1. That money will be used to payoff our primary home mortgage. Just need to finish the taxes to figure out how much we will owe the government.
As I’ve mentioned several times on the blog, my wife has some health issues. Sadly, three months after her last surgery, she needed another one as she received some scary test results (think of the bad word that begins with the letter C).
After meeting with an oncologist, we were pretty certain that it was NOT anything bad (THANK GOD), but the growths needed to come out. The surgery lasted almost 7 hours. After she was done, we learned that some repairs to her colon were needed as there were some perforations during the procedure.
After about 24 hours, my wife was in the worst pain of her life (she said it was worse than child birth). Two hours later she was rolled into another surgery. Fortunately, the doctor was able to quickly find and repair the ruptured colon spot. This surgery lasted less than 45 minutes.
To make a long story short, her ruptured colon allowed bacteria to into her abdomen and blood. I later learned she was septic (that’s bad) along with some other bad stuff. She had huge doses of antibiotics, had to get nutrition through her veins, couldn’t move, was in excruciating pain and was in the hospital for almost 3 weeks – with several trips to the ICU.
It was an awful experience!
Fortunately, she is now on the road to recovery. As we understand it, she should be back at 100% in about 4 more months. Just around the corner, right? While it’s a long road we are traveling, I’m thankful we are all at home together now!
With rental property #1 out of the picture, we’ve cut our rental income profits by a little more than half. That will be fine for now. Our tentative plan is to continue to work on rental property #2 mortgage and pay that off quickly. When that unit is paid off, we plan to use that rental income to finance another unit if/when we find one.
Rental property #2 is still paying on time and without issue! Best kind of tenants to have!
Dividend income is quickly paying for more and more of my monthly expenses. Once my primary mortgage is paid off, dividend income will cover a huge portion of my bills! Even with the market taking a down turn, dividend income will continue to come in.