You may have noticed this dividend income and net worth report is coming out a month late. Sadly, my family had a really rough February and I was extremlly busy (mostly at the hospital) for about 3 weeks. I’ll go into more detail in my February report, but i’ll cut to the chase. Everything was really awful for awhile, but we are much better now!
January Dividend Income
I’ll keep this short. Getting paid real cash for zero effort and time is the best!
Let’s get to it.
This month I received $499.95 in dividend income! On average, I was paid $26.31 from 19 different companies (really, 18 companies and 1 preferred shares funds)!! This month’s dividend income is a tremendous 236.19% increase over January 2107.
This is clearly some MAMOTH sized growth from last January!!
Dividend Income - January 2018
|1/2/2018||Genuine Parts Company||GPC||80.33|
|1/3/2018||Kimberly Clark Corp||KMB||24.25|
|1/11/2018||Philip Morris International Inc.||PM||28.08|
|1/11/2018||Mondelez International Inc||MDLZ||6.60|
|1/11/2018||Walt Disney Co||DIS||139.20|
|1/12/2018||Realty Income Corp||O||50.42|
|1/12/2018||Johnson Controls International plc Ordinary Share||JCI||20.80|
|1/16/2018||Stag Industrial Inc||STAG||11.75|
|1/24/2018||Cisco Systems, Inc.||CSCO||14.50|
|1/2/2018||Iron Mountain Incorporated (Delaware) REIT||IRM||20.85|
|1/25/2018||General Electric Company||GE||13.40|
|1/31/2018||PowerShares Preferred Portfolio(ETF)||PGX||2.85|
|1/12/2018||Digital Realty Trust, Inc.||DLR||4.65|
|1/12/2018||Main Street Capital Corporation||MAIN||2.85|
|1/15/2018||Starwood Property Trust, Inc.||STWD||9.60|
|1/31/2018||JPMorgan Chase & Co.||JPM||2.80|
|∑ = 499.95|
Here is a chart of my passive dividend income progress over the last 3 years.
The dividend portfolio has been updated.
Net Worth Report
I managed to stay in the club again this month! I wonder how much longer till I get kicked out again?
Let’s do the numbers…
You might notice cash was up a small amount this month.
This came from rental property #1 being sold! This money will be used to pay off our primary mortgage. However, I haven’t paid it off for a couple of reasons. I’ve been busy and more importantly, I don’t know how much I’m going to need to pay in capital gains yet. I’ll work through taxes the end of this month and will hopefully have a zero balance on my primary mortgage in the March report.
Now that the rental property #1 is sold, I have some extra cash. But as I mentioned above, i’m not quite sure how much extra cash I’ll have left after I pay taxes and eliminate my primary mortgage.
But let’s talk some rough real estate numbers. We sold rental property #1 for about 30k over my estimated value. This was because we invested roughly 10k fixing the place up (new kitchen appliances, painting, fancy countertops) and properties in the area were selling like crazy.
I have also done a lot of work to the place over the years I’ve owned the unit… but coming up with actual costs for those upgrades will be hard as I didn’t keep very good records 🙁
We had to pay about 13k in commissions which dwindles the take home significantly. Ugh.
Anyway, that’s why you see only an increase of 209k. I’ve deducted what I estimate my taxes will total and put that into a separate account. I’ll have the true final value once I get those taxes paid!
It was a fantastic start to the month with regards to selling rental property #1 and the huge YOY dividend increase. While I won’t ever have a 236% dividend increase again, I should continue to show some pretty respectable increase over this next year!