October turned out to be a very SPOOOOKY month for the stock market. While the October “fall” certainly took a chunk out of net worth, it did provide some opportunities to pickup some better values on our favorite dividend stocks. Best part, even with the market drop, dividend income wasn’t scary at all and appeared in my account just like a phantom 😉
October Dividend Income
This month I received $641.85 in dividend income! On average, I was paid $24.68 from 26 different companies!! This month’s dividend income is a remarkable 127.91% increase over October 2107.
That’s $360.22 more dividend income than last October!
Dividend Income - October 2018
Date Company Ticker Dividend Income 01/10/18 The Coca-Cola Co KO 46.19 01/10/18 Genuine Parts Company GPC 85.68 01/10/18 Nike Inc NKE 28.40 02/10/18 Iron Mountain Inc IRM 100.66 02/10/18 Kimberly Clark Corp KMB 44.00 10/10/18 Diageo plc DEO 10.51 12/10/18 Ventas, Inc. VTR 15.80 12/10/18 Philip Morris International Inc. PM 57.72 12/10/18 MONDELEZ INTERNATIONAL INC Common Stock MDLZ 11.70 12/10/18 Johnson Controls International PLC JCI 20.80 12/10/18 Franklin Resources, Inc. BEN 16.10 15/10/18 Realty Income Corp O 61.74 15/10/18 WP Carey Inc WPC 10.25 15/10/18 Store Capital Corp STOR 16.50 15/10/18 Stag Industrial Inc STAG 11.83 15/10/18 Main Street Capital Corporation MAIN 10.73 19/10/18 Total SA TOT 12.92 24/10/18 Cisco Systems, Inc. CSCO 16.50 09/10/18 Illinois Tool Works Inc. ITW 13.00 01/10/18 Union Pacific Corporation UNP 12.94 25/10/18 General Electric Company GE 13.74 1/10/2018 PowerShares Preferred Portfolio PGX 2.94 5/10/2018 Merck & Co., Inc. MRK 2.40 15/10/18 Starwood Property Trust, Inc. STWD 9.60 19/10/18 North European Oil Royalty Trust NRT 5.20 31/10/18 JPMorgan Chase & Co. JPM 4.00 ∑ = 641.85
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 and groceries for the month! I’ll take it!
October Dividend Growth (Dividend Increases)
Here are the realized dividend increases I received this month. Even during this slow month, I had 8 dividend increases. Three of my holdings increased their dividend by over 15%! While some of the REIT dividend increases were unimpressive, they are still very welcome in my portfolio! All in all, October turned out to be a decent month for dividend increase with a total of 8 dividend raises.
Dividend Income - October 2018
Name Ticker New Div Old Div % Increase Shares Addl Income MONDELEZ INTERNATIONAL INC MDLZ 0.26 0.22 18.18% 45 7.20 Realty Income Corp O 0.22 0.22 0.23% 248 1.49 WP Carey Inc WPC 1.03 1.02 0.49% 10 0.20 Store Capital Corp STOR 0.33 0.31 6.45% 50 4.00 Main Street Capital Corporation MAIN 0.20 0.19 2.63% 55 3.30 Illinois Tool Works Inc. ITW 1.00 0.78 28.21% 17 14.96 Union Pacific Corporation UNP 0.80 0.73 9.59% 31 8.68 JPMorgan Chase & Co. JPM 0.80 0.56 42.86% 16 15.36 ∑ = 55.19
October’s dividend increases adds $55.19 in annual dividend income! That’s the fourth month is a row that dividend raises have added over $50 to the portfolio!
Net worth took a beating with the market drop this month.
Let’s do the numbers…
The cause for the large decrease in cash was the stock market. I did my best to take advantage of this month’s declines and moved 6k to my taxable account. This was all I felt comfortable with at this time.
I’m still holding a large cash position. The money is sitting in a high yielding money market account with the cash earning 2.15%. I’m holding this money to invest once we see a real drop… you know, if the China tariffs jump to 25%, cheap money continues to disappear and the market really starts to care about this stuff.
Thankfully, no problems with the rental property this month! We received our check on time and didn’t hear from the fire department that the place burnt down. I’ll call that a win!
I’m still looking for new rental property deals in my area. Prices haven’t come down, so all the houses are WAY to expensive. This spring was probably the right time to sell to maximize gains. We’ll see, but I suspect home values are going to begin to slide now that mortgage rates are increasing.
Even with the big sell off this month, my dividend income increased nicely and I didn’t once think about hitting the sell button (except for BUD – sold half after the dividend cut). Dividend investing allows you to float above the market noise and drama and just sit back and collect those checks. It’s a fantastic investing strategy and I am thankful everyday that I embraced it.
I hope you were able to weather the market turmoil this month. Knowing that these kinds of ups and downs don’t do much to effect our dividend income… other than allowing us to increase it while we happily buy better values!
How did you do this month? Set any new records?