I’m back on the ball this month and pumped to share this month’s record breaking dividend income and net worth report. It’s these kind of months that keep me motivated to continue this FIRE marathon. Also, a bad news update about our downsizing plan.
September Dividend Income
This month I received $2,425.32 in dividend income! On average, I was paid $32.34 from 75 different companies! This month’s dividend income is an impressive 40.05% increase over September 2108.
To put things in dollar figures, that’s $693.60 more dividend income than last September!
Dividend Income - September 2019
|1/9/19||W W Grainger Inc||GWW||43.20|
|3/9/19||Ford Motor Company||F||53.81|
|3/9/19||J M Smucker Co||SJM||17.60|
|04/09/19||United Parcel Service, Inc.||UPS||35.52|
|05/09/19||Discover Financial Services||DFS||29.92|
|06/09/19||Honeywell International Inc.||HON||22.14|
|10/09/19||Exxon Mobil Corporation||XOM||158.96|
|10/09/19||CVS Health Corp||CVS||29.75|
|10/09/19||Emerson Electric Co.||EMR||13.72|
|10/09/19||IBM Common Stock||IBM||105.30|
|10/09/19||Johnson & Johnson||JNJ||77.60|
|10/09/19||United Technologies Corporation||UTX||8.09|
|12/9/2019||Walgreens Boots Alliance Inc||WBA||22.88|
|13/09/19||Costco Wholesale Corporation||COST||25.35|
|13/09/19||Realty Income Corp||O||64.05|
|13/09/19||DuPont de Nemours Inc||DD||2.10|
|16/09/19||Stag Industrial Inc||STAG||14.30|
|16/09/19||Main Street Capital Corporation||MAIN||11.27|
|19/09/19||Home Depot Inc||HD||153.75|
|20/09/19||Dominion Energy Inc||D||68.81|
|27/09/19||Lockheed Martin Corporation||LMT||11.00|
|30/09/19||Travelers Companies Inc||TRV||21.32|
|30/09/19||CROWN CASTLE IN/SH SH||CCI||9.00|
|30/09/19||Just Energy PFD||JE.A||7.97|
|3/9/2019||Wells Fargo & Co||WFC||31.64|
|3/9/2019||Goodyear Tire & Rubber Co||GT||4.80|
|11/09/19||UNILEVER N.V. Common Stock||UL||11.92|
|12/09/19||Prudential Financial Inc||PRU||22.00|
|13/09/19||Kraft Heinz Co||KHC||10.80|
|13/09/19||Molson Coors Brewing Co Class B||TAP||21.66|
|13/09/19||Weingarten Realty Investors||WRI||7.90|
|16/09/19||International Paper Co||IP||15.00|
|17/09/19||Stanley Black & Decker, Inc.||SWK||10.35|
|24/09/19||UnitedHealth Group Inc||UNH||14.04|
|27/09/19||T. Rowe Price Group Inc||TROW||12.92|
|30/09/19||DIGITAL RLTY TR/SH||DLR||15.15|
|30/09/19||Marriott International Inc||MAR||2.88|
|30/09/19||Union Pacific Corporation||UNP||34.45|
|10/09/19||Tractor Supply Company||TSCO||5.37|
|16/09/19||Duke Energy Corp||DUK||38.61|
|20/09/19||Kontoor Brands Inc||KTB||1.68|
|25/09/19||BHP Group PLC||BBL||50.58|
|25/09/19||Suncor Energy Inc.||SU||6.33|
|30/09/19||SCHWAB STRATEGI/US DIV EQUITY ETF||SCHD||151.47|
|30/09/19||PowerShares Preferred Portfolio||PGX||3.09|
|∑ = 2,425.32|
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 September 2018 and 2019 that have fueled this dividend income growth.
The dividend portfolio has been updated.
September’s dividend income covers my mortgage – which is no small feat!
September Dividend Growth (Dividend Increases)
Below are the realized dividend increases I received this month.
This month I received 13 increases. Five of my holdings increased their dividends by over 10%! It was $TAP with an almost 40% increase that really shined this month for the portfolio’s dividend growth.
Dividend Increases - September 2019
Name Ticker New Div Old Div % Increase Shares Addl Income J M Smucker Co SJM 0.88 0.85 0.03529411765 10 1.20 Cummins Inc. CMI 1.31 1.14 0.149122807 20 13.60 Discover Financial Services DFS 0.44 0.40 0.1 68 10.88 Kellogg Company K 0.57 0.56 0.01785714286 57 2.28 Walgreens Boots Alliance Inc WBA 0.45 0.44 0.02272727273 50 2.00 Hershey Co HSY 0.77 0.72 0.07063711911 22 4.49 Wells Fargo & Co WFC 0.51 0.45 0.1333333333 60 14.40 Invesco Ltd. IVZ 0.31 0.30 0.03333333333 50 2.00 KeyCorp KEY 0.19 0.17 0.08823529412 30 1.80 Molson Coors Brewing Co Class B TAP 0.57 0.41 0.3902439024 38 24.32 Stanley Black & Decker, Inc. SWK 0.69 0.66 0.04545454545 18 2.16 Union Pacific Corporation UNP 0.97 0.88 0.1022727273 31 11.16 Duke Energy Corp DUK 0.95 0.93 0.01886792453 40 2.80 ∑ = 93.09
September’s dividend increase adds $93.09 in annual dividend income. This dividend growth is $20.56 more than I received September 2018! September’s dividend increases are the equivalent of investing an extra $2,659.71 of new money at 3.5% yield!
Net worth crushed the new high set last month. Things are definitely moving in the right direction.
Let’s do the numbers…
We were cash positive this month as we were saving to purchase a new home. I didn’t deposit into the taxable trading account as I normally do and saved that money to bolster cash reserves. We also saved a little extra money this month and sold some stuff around the house to net us a little over 400 bucks!
I hate to have to write this, but here is our sad and bad news update on our house. It doesn’t look like we are going to purchase the new house. After almost 5 months of planning, visiting, watching, helping and stressing about our new home purchase – we’ve decided to throw in the towel.
We’ve run into several problems with the home construction and are concerned with the quality of the craftsmanship. For example, our front porch was poured nearly 2 feet too small, the siding and soffits were replaced with lesser materials (and installed incorrectly), the craftsman columns on the front of the house look emaciated, the covered back porch has a column that is 3/4 hanging off the footing, the cabinets look as if the installer used their teeth to make cuts… and I could go on and on.
The builder at one point told us that many of the sub contractors used to build our house were fired (concrete, framing and siding) after the work they did on our house. First, how the heck does that help me… and second, the builder didn’t plan to get any of the work redone!?! Ugh.
Anyway, we just don’t feel comfortable spending 300k+ on a house that we know is going to have some extra problems a few years down the road. So, back to the drawing board on our downsizing goal.
Also, after some minor interest in our home this last month, we have decided to take it off the market until prime time next year.
Our rental property is still ticking along well and we’ve finally started receiving checks without us having to pay for water. YAY!
This report is a bit good and bad news this month. We were very excited to cut our living expenses in half and live in a mortgage free home, however, I do feel as if we are making the right decision to not buy a poorly constructed home. But, on the good news side, dividend income is chugging along and dividend increase have been incredible this year! I’m certain a better downsizing plan will present itself in due time 😉