Yikes, I’m really behind this month with my dividend income and net worth report. It’s been a crazy 3 weeks where I have spent more time out of my office or home then in. A nice change to be sure, but certainly not the most productive.
November Dividend Income
November has been a month of shattering records. Not necessarily blowing through any dividend income records (that will happen next month), but I surpassed my yearly dividend income goal… a month early! And, I recorded a gigantic monthly percent increase.
Let’s get to it.
This month I received $582.02 in dividend income. On average, I received $24.25 paychecks from 24 fantastic companies. There truly aren’t many things sweeter than getting paid real money for doing nothing other than making smart decisions.
Dividend Income - November 2017
Date Company Ticker Dividend Income 11/1/2017 AT&T Inc. T 96.20 11/10/2017 American Express Company AXP 11.57 11/15/2017 Realty Income Corp O 42.77 11/20/2017 Caterpillar Inc. CAT 19.64 11/30/2017 Invesco Preferred ETF PGX 2.84 11/15/2017 Procter & Gamble Co PG 14.66 11/15/2017 Omega Healthcare Investors Inc OHI 85.09 11/1/2017 General Mills Inc GIS 45.41 11/3/2017 CVS Health Corp CVS 36.12 11/8/2017 Lowe's Companies Inc LOW 47.56 11/13/2017 Clorox Co CLX 8.40 11/15/2017 Stag Industrial Inc STAG 4.70 11/15/2017 Hormel Foods Corp HRL 21.25 11/15/2017 Paychex, Inc. PAYX 15.00 11/22/2017 Fastenal Co FAST 25.60 11/15/2017 NNN REIT Inc NNN 58.43 11/29/2017 United Parcel Service, Inc. UPS 22.41 11/1/2017 Deere & Company DE 5.40 11/1/2017 Port of Tauranga Ltd POT 3.31 11/9/2017 Mastercard Inc MA 0.44 11/15/2017 AbbVie Inc ABBV 4.48 11/15/2017 Colgate-Palmolive Company CL 1.60 11/15/2017 Kinder Morgan Inc KMI 1.25 11/15/2017 Main Street Capital Corp MAIN 2.85 11/16/2017 Apple Inc AAPL 5.04 ∑ = 582.02
This is a 229.57% increase over November 2016!
November’s income covers all of my utilities for the month!
Here is a chart of my dividend income progress over the last 3 years.
The dividend portfolio has been updated.
Getting so close to joining the club!
Let’s do the numbers…
Certainly not a pretty month when it comes to cash. My wife’s surgery bills finally came due. We spent almost $4,000 on her hospital and doctor bills this month! I’m thankful that we had insurance as a the total bill for the surgery came out to a bit more than $110,000! A ridiculous amount of money for a surgery that lasted only a few hours and a hospital stay of only 23 hours! Anyway, insurance definitely made the surgery affordable.
This month we took a family vacation to a far-off land. After saving miles and hotel points for a little while, I finally had enough to take the whole family to Europe… for free! We were able to use miles to cover the cost of business class tickets for the voyage. After we arrived at the hotel we were greeted with a room upgrade. We stayed in a fantastic suite which they charge $2,500 euros a night! Clearly, it was the best hotel room I have and will ever stay in. This 4 night vacation ended up costing me a bit over $650 for attractions, food and taxes. Had I paid for the exact vacation experience, I calculated the cost of my trip would have been a little over $35,000! The family vacation was incredible and the value we pulled from the points was astonishing 😉
Big news! We are in the process of selling rental property #1. We had a lot of showings and received a few offers. After going back and forth a bit, we finally accepted one just a few thousand off asking! This is a very big deal for us as we will use the money to pay off our primary home mortgage! This will free-up a lot of money monthly. That new found monthly cash will be put to work in the market! I’m very excited as we are getting much closer to our goal of retiring in just a few years.
Rental property #2 (which I guess will soon become rental property #1) is still paying on time and without issue! Best kind of tenants to have!
Every month dividend income pays for a larger percentage of my bills. The pace of growth this year has been phenomenal and I hope it can continue to for the next few years until I retire. I must continue to find the best deals I can in the market and put money to work. Eliminating my mortgage will play a huge role in reducing my costs which will enable me to afford early retirement – living off my dividend & rental income cash flow. Just need to keep my head down and keep plowing away for a few more years!