Dang, it’s cold! My fingers are freezing as I write this… I can’t remember why in the world I couldn’t wait for cooler weather back in July 😉
Anyway, October has come and gone and my dividend income and net worth report has arrived. I received some great dividend income and ate way too much candy (I identify well with pigs when free candy is near). Net worth continued to climb higher and life plans have been altered. Let’s dig into this eventful month.
October Dividend Income
This month I received $766.85 in dividend income! On average, I was paid $21.91 from 35 different companies! This month’s dividend income is an okay 19.47% increase over October 2108.
To put things in dollar figures, that’s exactly $125.00 more dividend income than last October!
Dividend Income - October 2019
|9/10/19||Illinois Tool Works Inc.||ITW||20.45|
|1/10/19||PowerShares Preferred Portfolio||PGX||3.09|
|2/10/19||Iron Mountain Inc||IRM||116.14|
|11/10/19||Philip Morris International Inc.||PM||76.42|
|15/10/19||Realty Income Corp||O||64.25|
|25/10/19||General Electric Company||GE||1.16|
|01/10/19||Genuine Parts Company||GPC||90.74|
|02/10/19||Kimberly Clark Corp||KMB||45.32|
|04/10/19||Johnson Controls International PLC||JCI||20.80|
|11/10/19||Franklin Resources, Inc.||BEN||18.20|
|14/10/19||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||12.83|
|15/10/19||State Street Corp||STT||6.24|
|15/10/19||American Finance Trust Inc Preferred Shares Series A||AFINP||4.69|
|15/10/19||WP Carey Inc||WPC||10.36|
|15/10/19||Store Capital Corp||STOR||17.50|
|15/10/19||Stag Industrial Inc||STAG||14.30|
|15/10/19||Main Street Capital Corporation||MAIN||11.28|
|15/10/19||Spirit Realty Capital Inc||SRC||3.13|
|23/10/19||Cisco Systems, Inc.||CSCO||17.50|
|31/10/19||Consolidated Water Co. Ltd.||CWCO||1.70|
|31/10/19||JPMorgan Chase & Co.||JPM||31.50|
|31/10/19||PowerShares QQQ Trust, Series 1||QQQ||11.91|
|4/10/2019||Eastman Chemical Company||EMN||13.64|
|7/10/2019||Merck & Co., Inc.||MRK||2.75|
|15/10/19||Fulton Financial Corp||FULT||1.95|
|15/10/19||Starwood Property Trust, Inc.||STWD||9.60|
|∑ = 766.85|
Here is a chart of my passive dividend income progress over the last 5 years.
Here are the dividend stock purchases I’ve made between October 2018 and 2019 that have fueled this dividend income growth.
The dividend portfolio has been updated.
This October’s dividend income covers my utilities and food for the month!
October’s Dividend Growth (Dividend Increases)
Below are the realized dividend increases I received this month.
This month I received 10 increases. Two of my holdings increased their dividends by over 10%! It was $JPM with a 12% increase that added the most this month to the portfolio’s dividend growth.
Dividend Increases - October 2019
Name Ticker New Div Old Div % Increase Shares Addl Income Iron Mountain Inc IRM 0.62 0.61 0.01227495908 185 5.55 Philip Morris International Inc. PM 1.17 1.14 0.02631578947 63 7.56 MONDELEZ INTERNATIONAL INC Common Stock MDLZ 0.29 0.26 0.09615384615 45 4.50 State Street Corp STT 0.52 0.47 0.1063829787 12 2.40 WP Carey Inc WPC 1.04 1.03 0.001934235977 10 0.08 Store Capital Corp STOR 0.35 0.33 0.06060606061 50 4.00 Nutrien Ltd NTR 0.45 0.43 0.04651162791 13 1.04 Realty Income Corp O 0.23 0.23 0.002207505519 248 1.49 Illinois Tool Works Inc. ITW 1.07 1.00 0.07 19 5.32 JPMorgan Chase & Co. JPM 0.90 0.80 0.125 35 14.00 ∑ = 45.94
October’s dividend increase adds $45.94 in annual dividend income. This dividend growth is $9.25 less than I received October 2018. This is kind of a downer, but not surprising after last years super increases due to the changes in corporate taxes. October’s dividend increases are the equivalent of investing an extra $1,312.57 of new money at 3.5% yield!
Net worth cruised past last month’s record high. Things are continuing to look very green!
Let’s do the numbers…
While cash looks like there was a lot of activity this month, there really wasn’t. I had some travel expenses that I haven’t been reimbursed for and… we spent some extra money eating out. This was probably due to some really destructive and bad habit forming self soothing about not buying our new house. I’ll talk about this more in real estate, but our downsizing plan didn’t work this time. Back to the drawing board.
As I mentioned above, some unfortunate events brought us to a decision to not purchase our home that we had contracted to be constructed for us. I’m still kinda debating on whether I should go into detail here with a “shady” builder review – but I’ll give you a quick run down though.
We put down earnest money for a national builder to build one of their floor plans, in one of their neighborhoods on the lot we selected. After some really stressful times, we discovered that this national, publicly traded builder had decided to make some changes to the level of details they put into their new homes.
Unfortunately, this change was made prior to the construction of our home, but after we signed the contract… and we were never told about the changes!
This was a big issue as the new diminished detailed homes look a lot cheaper than the other homes in the neighborhood. Sadly, we were told that “management” wouldn’t build our house as all the other homes on the street and make our home and detail quality match the other homes. So, a week before closing and trying to work with our sales agent for months, we walked away.
We have not received our earnest money back, but I’m working on getting the cash returned. I’ll let you know how that goes.
As far as our rental, our tenant payed on time and we haven’t heard a peep about repairs. No problems there!
I’m very disappointed about our home downsizing plan not working out as I had hoped. So, we will regroup over the winter and devise another course of action. I have no doubt that we will work something out… its just a matter of time!
As far as dividend investing, our results are exceeding our plans! We need to keep finding the best values we can in the market and keep consistently investing. I’m only 5 years into my 10 year plan to retire by 45… I still think I can make it!