This month’s dividend income report is a spectacular example of the benefits of dividend investing. Consistently adding new money every month into fantastic companies that pay cash to hold them is providing the desired effect… a nicely growing dividend income stream. Oh, and net worth also made a big jump in May.
May Dividend Income
I am ecstatic with the progress I’m making with dividend income. While the path is not quick, it is taking me to my desired goal – building a cash flow machine that will cover my early retirement!
This month I received $957.16 in dividend income! On average, I was paid $33.01 from 29 different companies!! This month’s dividend income is a hearty 212.94% increase over May 2107.
That’s $651.3 more dividend income than last May! This is the second month in a row that I have made over $600 more than the previous year!
Dividend Income - May 2018
|01/05/18||General Mills, Inc.||GIS||70.20|
|15/05/18||Procter & Gamble Co||PG||33.37|
|15/05/18||Omega Healthcare Investors Inc||OHI||89.81|
|03/05/18||CVS Health Corp||CVS||86.20|
|10/05/18||American Express Company||AXP||11.59|
|15/05/18||Realty Income Corp||O||61.14|
|01/05/18||PowerShares Preferred Portfolio(ETF)||PGX||2.95|
|04/05/18||Roche Holding Ltd. (ADR)||RHHBY||24.62|
|07/05/18||Cracker Barrel Old Country Store, Inc.||CBRL||12.00|
|09/05/18||Lowe's Companies, Inc.||LOW||55.76|
|15/05/18||Stag Industrial Inc||STAG||11.83|
|15/05/18||Main Street Capital Corporation||MAIN||10.45|
|15/05/18||Hormel Foods Corp||HRL||23.44|
|15/05/18||National Retail Properties, Inc.||NNN||59.38|
|25/05/18||Costco Wholesale Corporation||COST||22.23|
|14/05/18||British American Tobacco PLC (ADR)||BTI||9.92|
|25/05/18||Nestle SA (ADR)||NSRGY||15.71|
|01/05/18||Deere & Company||DE||5.40|
|15/05/18||Kinder Morgan Inc||KMI||2.00|
|∑ = 957.16|
Here is a chart of my passive dividend income progress over the last 3 years.
The dividend portfolio has been updated.
This month’s dividend income covers all my utilities, internet, cell phone and grocery shopping for the month!
May Dividend Increases
I’ve seen quite a few dividend blogs that list their realized dividend raises each month. I think this is some wonderful information so I will share mine here as well! I’m happy to report that 5 of my holding paid an increased dividend this month. While PG dividend raise was only 4% (more is still more, right) the other 4 hovered around 14%.
May Dividend Increases
|Name||Ticker||New Div||Old Div||% Increase||Ex-Date||Payment Date|
|Procter & Gamble Co||PG||0.72||0.69||4.00%||4/19/18||5/15/18|
|Costco Wholesale Corporation||COST||0.57||0.50||14.00%||5/10/18||5/25/18|
With the stock market moving up, net worth is climbing with it.
Let’s do the numbers…
A little walk down memory lane. This time last year I was still in the process of finishing my basement. Honestly, I can’t believe it’s only been a year (normally time passes quicker not slower). The money that we invested into our basement has given us some amazing times in only a year. I can’t count how many family game and movie nights we’ve had down there now. I write that to say, while we did spend a lot of money to fix up our basement (we did all the work ourselves, so it wasn’t crazy money), the return that we’ve received in terms of fun has been off the charts!
As for cash sitting in the bank, you can see, I still have a lot. This money came from the sale of rental property #1 and has been earmarked to pay off my mortgage. However, as you can also see, I still haven’t paid it off and it’s still sitting in the bank.
I’m not really sure why that is. I know it’s more than, I just haven’t gotten around to it. Frankly, having this hoard of cash sitting in the bank is comforting and my FOMO (fear of missing out) on a large correction/recession is strong. However, I think my desire to not have a mortgage payment is even stronger… I think 😉
I received a disturbing letter in the mail. Our county is raising our property taxes. Not by just a little bit, but buy a lot, a WHOLE LOT… like an extra $2,000 a year! I will appeal their new, unrealistic appraised value, however, until that appeal happens (and is hopefully granted) I’m on the hook for the extra amount. I’ll keep you updated on how this shakes out.
I’m continuing to pay down my mortgages at a pretty impressive clip. I’m clearing a little over $2,000 in mortgage debt every month! A huge physiological impact.
Rental property #2 is doing great and the renter is continuing to pay on time and without issue. Best kind of renter to have!
I am certainly pleased with the progress I’m making on the dividend income front. My portfolio says that forward dividend income now surpasses 12k a year! It’s an exciting position to be in and I’m very grateful.
However, we will see what happens as the ominous inverted yield curve that’s permeating the news gets closer and closer to flipping. If it does invert, and a recession follows, having a large trough of cash to buy up undervalued dividend growth stocks will be extremely valuable. We’ll just have to wait to see how everything shakes out.
How did you do in May? Break any monthly records?