It’s crazy how quickly time moves as I get older. I can’t believe there is only ONE more month remaining in 2018! November turned out to be a pretty good month. Dividend income was a fantastic haul and net worth rebounded nicely by the end of the month (after October’s big decline). For the most part, everything is still going to plan.
Also, you may have noticed the site design has changed a bit. The old site design was looking a bit dated and a makeover was due. The new style has a much larger text section and navigation has been improved greatly. There is still work to be done on the new style, so please forgive anything out of place. Anyway, I hope you like it! Oh, and if you do notice any glaring errors, please let me know.
November Dividend Income
This month I received $1,117.63 in dividend income! On average, I was paid $37.25 from 30 different companies!! This month’s dividend income is a remarkable 92.1% increase over November 2107.
That’s $535.61 more dividend income than last November!
Dividend Income - November 2018
Date Company Ticker Dividend Income 01/11/18 CVS Health Corp CVS 92.30 01/11/18 AT&T Inc. T 232.53 01/11/18 General Mills, Inc. GIS 85.27 05/11/18 Cracker Barrel Old Country Store, Inc. CBRL 12.50 07/11/18 Lowe's Companies, Inc. LOW 66.24 09/11/18 American Express Company AXP 12.94 15/11/18 Realty Income Corp O 61.80 15/11/18 Stag Industrial Inc STAG 11.83 15/11/18 Apple Inc. AAPL 20.44 15/11/18 Main Street Capital Corporation MAIN 10.73 15/11/18 Colgate-Palmolive Company CL 5.04 15/11/18 Hormel Foods Corp HRL 23.44 15/11/18 Paychex, Inc. PAYX 16.80 15/11/18 Procter & Gamble Co PG 48.64 16/11/18 Clorox Co CLX 19.20 20/11/18 British American Tobacco PLC BTI 40.41 15/11/18 National Retail Properties, Inc. NNN 63.50 21/11/18 Fastenal Company FAST 32.00 23/11/18 Costco Wholesale Corporation COST 22.23 28/11/18 Delta Air Lines, Inc. DAL 35.00 30/11/18 Starbucks Corporation SBUX 47.88 15/11/18 Omega Healthcare Investors Inc OHI 92.96 20/11/18 Caterpillar Inc. CAT 22.12 01/11/18 PowerShares Preferred Portfolio PGX 2.94 01/11/18 Deere & Company DE 6.21 09/11/18 Bank of New York Mellon Corp BK 3.64 09/11/18 Mastercard Inc MA 0.50 15/11/18 AbbVie Inc ABBV 9.60 15/11/18 Kinder Morgan Inc KMI 2.00 19/11/18 Texas Instruments Incorporated TXN 16.94 ∑ = 1,117.63
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 my utilities, insurance, cell phone and groceries for the month!
November Dividend Growth (Dividend Increases)
Here are the realized dividend increases I received this month. This currently ranks as the worst performing month for dividend growth since I began tracking this data a few months ago. Only one of my holdings increased their dividend. However, it was a doozy of an increase – 24%! I’m happy to receive any increase and one increase is 100% better than zero increases!
Dividend Increases - November 2018
Name Ticker New Div Old Div % Increase Shares Addl Income Texas Instruments Incorporated TXN 0.77 0.62 24.19% 27 16.20 ∑ = 16.20
November’s dividend increase adds $16.20 in annual dividend income! Sadly, this ends my streak of dividend income increases that were averaging over $50 a month.
Net worth rebounded beautifully this month!
Let’s do the numbers…
Things were pretty good with regards to cash this month. First, I received a tax refund from an error we made while filing our taxes (whoops). This was for a little over a thousand dollars! Cha-Ching… though I wish we wouldn’t have made the error in the first place. Second, we received a reimbursement which added another $500 or so. And third, I didn’t move as much money into the market this month. I was traveling and wasn’t able to be as active as I would have liked.
I’m still sitting on a bunch of cash. The money is sitting in a high yielding money market account with the cash earning 2.25%. I’m continuing to keep this powder dry while waiting for some better (or worse depending on your perspective) deals.
We received our payment on time this month and didn’t have any problems with the tenant. We are having a property inspection / walk through in December which will be great to see. It’s been probably 2 years since we’ve seen inside our townhome.
We also received some unlucky news with or rental. The rental property HOA has decided to split the water bill out of the HOA dues. This will put the water bill responsibility onto the individual owners. Unfortunately, in our rental contract, we have stated we will pay the water bill. I’m not certain yet, but I suspect the HOA dues will not be reduced… and we are going to have to pay the water bill until the current contract is up in August 🙁
Still no luck on finding new rental properties that fit our criteria. Everything is so expensive… or in a part of town where we aren’t interested in owning rental property. Either prices will have to decline or we are going to have to expand our area.
*The weird negative number in the rental property mortgage liability column above is from a clerical mistake. The rental mortgage is due in the middle of the month and the balance statement isn’t generated until then and the mortgage rate just increased (its an ARM mortgage). Anyway, it will look right next month.
November was full of ups and downs. The late month rally ended-up adding all the gains for the month. Which was clearly wonderful for the monthly snapshot of my net worth.
Dividend growth investing is continuing to prove itself in my portfolio. I have continued to expand my holdings during both good and bad times and I have been rewarded. While the total market value of the portfolio fluctuates, dividend income continues to only climb! Slow and steady wins the race!
How did you do this month with realized dividend increases? Also, do you see any glaring problems with the new style that I need to fix?