I’m crazy late with this report. I’ve been super busy this month taking a big step towards my path to financial independence (I’ll post more on that later) and I’m just now getting around to updating everything. I’ll keep this month’s report brief.
February Dividend Income
This month I received $1,499.69 in dividend income! On average, I was paid $36.58 from 41 different companies!! This month’s dividend income is a great 22.51% increase over February 2019.
That’s $275.55 more dividend income than last February!
Dividend Income - February 2020
|5/2/20||Lowe's Companies, Inc.||LOW||80.30|
|7/2/20||Bank of New York Mellon Corp||BK||8.68|
|7/2/20||Vodafone Group Plc||VOD||12.40|
|10/2/20||Deere & Company||DE||6.84|
|10/2/2020||Texas Instruments Incorporated||TXN||44.10|
|11/2/2020||British American Tobacco PLC||BTI||75.57|
|14/02/20||Main Street Capital Corporation||MAIN||11.27|
|14/02/20||National Retail Properties, Inc.||NNN||67.98|
|14/02/20||Realty Income Corp||O||66.02|
|14/02/20||Omega Healthcare Investors Inc||OHI||101.32|
|18/02/20||Kinder Morgan Inc||KMI||2.50|
|18/02/20||Procter & Gamble Co||PG||51.02|
|21/02/20||Costco Wholesale Corporation||COST||25.35|
|24/02/20||Royal Bank of Canada||RY||13.44|
|25/02/20||Constellation Brands, Inc. Class A||STZ||9.75|
|26/02/20||Bank of Montreal||BMO||3.98|
|28/02/20||Charles Schwab Corporation Common Stock||SCHW||1.80|
|28/02/20||Simon Property Group Inc||SPG||54.60|
|03/02/20||CVS Health Corp||CVS||95.05|
|10/2/2020||American Express Company||AXP||14.33|
|28/02/20||PowerShares Preferred Portfolio||PGX||2.87|
|3/2/2020||General Mills, Inc.||GIS||126.80|
|14/02/20||Eaton Vance Corp||EV||3.75|
|5/2/2020||Cracker Barrel Old Country Store, Inc.||CBRL||13.00|
|18/02/20||Stag Industrial Inc||STAG||14.40|
|18/02/20||Genie Energy Ltd Preferred Stock||GNE.A||7.97|
|18/02/20||Hormel Foods Corp||HRL||29.06|
|18/02/20||A. O. Smith Corp||AOS||7.92|
|21/02/20||The GEO Group Inc||GEO||38.40|
|∑ = 1,499.69|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between February 2019 and 2020 that have propelled this dividend income growth.
February’s dividend income covers my utilities, groceries, internet, car insurance and mobile phones for the month!
February Dividend Growth (Dividend Increases)
Here are the realized dividend increases I received this February. Dividend growth is always an exciting metric on which to report.
This February I received 6 dividend increases and 4 of those dividend increases were over 10%!
Dividend Increases - February 2020
Name Ticker New Div Old Div % Increase Shares Addl Income AT&T Inc. T 0.52 0.51 0.01960784314 414 16.56 Fastenal Company FAST 0.25 0.22 0.1363636364 141 16.92 Charles Schwab Corporation Common Stock SCHW 0.18 0.17 0.05882352941 15 0.60 Hormel Foods Corp HRL 0.23 0.21 0.1071428571 90 8.10 AbbVie Inc ABBV 1.18 1.07 0.1028037383 32 14.08 Mastercard Inc MA 0.40 0.33 0.2121212121 12 3.36 Name Ticker New Div Old Div % Increase Shares Addl Income ∑ = 59.62
February’s dividend increase adds $59.62 in annual dividend income! February’s dividend increases are the equivalent of investing an extra $1,703.43 of new money at 3.5% yield! Not a bad monthly raise for doing nothing!
So, February’s net worth declined pretty significantly.
Cash pretty much stayed the same this month. I’m holding a big chunk just in case an opportunity presents itself.
We made some big progress this month on our downsizing journey. We entered into a contract to buy a new home. I’ll write more about it later, but we are super excited!
Our tenant in rental #2 paid on time again this month! Other than the stupid special assessment for the HOA, everything is going great with the rental!
Dividend payments as well as dividend increases increased this month as compared to last year! The YOY sums are getting larger… which has been fantastic! Hopefully, that trend will continue during the rest of the year.
So the Corona virus brought the market down a bit this February. Nothing crazy, but it did wipe away the gains for the year. The March report will be the real month of Corona pain. Hopefully, that will be the worst of it!
Oh, and here are all the dividend stocks I purchased this February – I went in hard WAY too early.