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September Dividend Income and Net Worth Report – 2018

Dividend Income Net Worth

Another successful month of dividend investing into the record books.  Being a dividend growth investor provides such a fantastic investing opportunity, allowing one to celebrate small wins, pretty much weekly!  This month, dividend income hit a new record high as did my net worth.  Gotta love the big pay months!

September Dividend Income

This month I received $1,731.72 in dividend income!  On average, I was paid $29.85 from 58 (WOW!) different companies!!  This month’s dividend income is a solid 68.48% increase over September 2107.
That’s $703.87 more dividend income than last September!

Dividend Income - September 2018




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, groceries, rental property mortgage, internet, cell phone and car insurance for the month… or 1,730 cups of coffee at McDonalds.

September Dividend Growth (Dividend Increases)

Here are the realized dividend increases I received this month.  Six of my holdings increased their dividends by over 10%!  I’m counting on dividend increases to outpace inflation after I retire, so this dividend growth is wonderful to see.  September turned out to be an incredible dividend increase month with a total of 13 dividend raises.

Dividend Increases - September 2018

NameTickerNew DivOld Div% IncreaseSharesAddl IncomeEx-DatePayment Date
Kroger Co KR 0.14 0.13 12.00% 206.00 12.36 8/14/18 9/1/18
J M Smucker Co SJM 0.85 0.78 8.97% 10.00 2.80 8/16/18 9/4/18
Cummins Inc. CMI 1.14 1.08 5.56% 17.00 4.08 8/22/18 9/4/18
Discover Financial Services DFS 0.40 0.35 14.29% 30.00 6.00 8/22/18 9/6/18
Target Corporation TGT 0.64 0.62 3.23% 57.00 4.56 8/14/18 9/10/18
Walgreens Boots Alliance Inc WBA 0.44 0.40 10.00% 50.00 8.00 8/17/18 9/12/18
Hershey Co HSY 0.72 0.66 10.06% 22.00 5.81 8/23/18 9/14/18
Kellogg Company K 0.56 0.54 3.70% 40.00 3.20 8/31/18 9/17/18
Wells Fargo & Co WFC 0.43 0.39 10.26% 60.50 9.68 8/9/18 9/1/18
Duke Energy Corp DUK 0.93 0.89 4.21% 36.32 5.45 8/16/18 9/17/18
BHP Billiton plc BBL 1.26 1.10 14.55% 28.23 9.03 8/6/18 9/25/18
BP plc BP 0.62 0.60 2.50% 10.00 0.60 8/9/18 9/21/18
Weyerhaeuser Co WY 0.34 0.32 6.25% 12.00 0.96 8/13/18 9/28/18
NameTickerNew DivOld Div% IncreaseSharesAddl IncomeEx-DatePayment Date
∑ = 72.53



August’s dividend increases add $72.53 in annual dividend income!  Dividend raises are the best!

Net Worth

Net worth grew again this month with the market continuing to climb a wall of worry.

Let’s do the numbers…

September Dividend Income

Cash

I was able to save a little cash even with a $2,500 deposit into my taxable brokerage account.  After last’s months crazy expenses, it’s great to have a “normal” month.

I’m still holding a large cash position.  The money is sitting in a high yielding money market account with the cash earning 1.85%.  Now that the 10yr has jumped well over 3.2%, I might move some of the cash around.

Real Estate

Zero problems with the rental property and I received the check on time.  No troubles there.  My primary home on the other hand is still pending a hearing for a property tax dispute.  Hopefully, that will happen soon, and I’ll be able to get that 2k property tax increase rolled back.

I’m continuing to look for a new rental property deals in my area.  No dice, everything is crazy expensive.

Also, while I’m looking for rentals, I’m also looking for options to downsize my home.  I’m getting closer to the early retirement date and will need to cash out of this home prior to calling it quits.  Once again, everything is crazy expensive.  We are considering buying some land and building exactly what we want.  A traditionally sized, well built home.  However, I’m still investigating if that can be done for a reasonable price.

Wrap-up

The dividend investing path is not fast and can be some what monotonous.  It’s important to celebrate the small win of which I had many this month.  My dividend income is growing very well and the dividend growth through raises has been over $75 two months in a row!  Fantastic!  I’ll keep moving along and I’m sure you will too!  Good job to us all!

 

Did you have a dividend income record breaking month as well?  Do you have any thoughts on building a home vs buying existing?

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I'm a dividend growth investor who is aiming to retire in 7 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

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  • Tim Allen Oct 5, 2018, 11:23 am

    Thanks for the great update! It’s great motivation to keep looking ahead. I’ve been flirting with $25k net worth for a few months now but Zillow updates on my rental and depreciating my vehicle have kept me just shy. Following your progress keeps me motivated to see those small gains in the dividend portfolio. I know that eventually I’ll see those big #s as long as I stay committed!!

    • Blake Oct 7, 2018, 3:51 pm

      Thanks Tim! We all start somewhere, it just takes perseverance. Keep up the good work.

  • Doug Oct 5, 2018, 5:37 pm

    Good job. Dont you love how the dividend always goes up and up and up. 58 companies wow thats more than my entire profile. LOL some awesome dividends being brought in. Great YOY also. Then over $72 dollars from dividend reinvestment is awesome. Keep it up.

    • Blake Oct 7, 2018, 3:53 pm

      You know it Doug! One of my favorite things is watching the totals rise year over year.

  • Financial Shaper Oct 6, 2018, 10:53 am

    What an amazingly broad list of wonderful businesses paying you these nice amounts. I‘d agree, dividend raises are just great, giving the compound effect an incredible boost over time.
    September was a good month for us as well, our third strongest result of the year (we have a strong exposure to Swiss resp European stocks paying one a year in the second semester.
    My wife and I have been looking for a house and a small apartment as rental property but it‘s amazingly hard to find something that makes sense from a financial standpoint. Central Europe and Switzerland in particular are incredibly expensive. We will certainly not rush in and in the meantime, well, we are sitting on a cash pile we have not yet been able to put to work for us …

    • Blake Oct 7, 2018, 3:56 pm

      Thanks FS. Glad to hear its not just the USA where real estate prices are crazy! I’m surprised some of these properties every sell (to investors that is), just isn’t any value. I like the 1% rule, and that isn’t going to happen it today’s market. I’m sure the money you are sitting on will find a home soon enough. Thanks for dropping in!

  • Dividend Diplomats Oct 6, 2018, 7:45 pm

    DP –

    WOW! You are on a war path. Also, due to the # of companies you own – you had A LOT of dividend increases this month and that would require quite a bit of capital to deploy to add that. Congrats on cross $1,700, too!

    -Lanny

    • Blake Oct 7, 2018, 3:59 pm

      Hi Lanny. Yeah, those dividend increases have been on a tear this year! Best part of receiving that dividend income is the opportunity to reinvest it 😉

  • Torsten Tiedt Oct 14, 2018, 4:57 am

    Hi Blake,

    after documenting already most other dividend income of our fellows, I knew you’re going to have record dividend income, too. You did not disappoint me – well done!

    See you!

    Torsten

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