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As we near the end of 2015, we are inching closer and closer to our goal of earning ,500 in dividend income this year. While we are not there yet, the results from October have certainly helped to push us closer.
Despite a lot of market uncertainty over the past six months, our dividend portfolio still seems to be chugging along. Instead of worrying about which way the market is going, we took the opportunity to increase our investments recently.
This will certainly pay “dividends” down the road.
Here is our dividend income portfolio results for October, 2015 –
2015 October Dividend Income Results
October certainly didn’t have the impact for dividend income that last month did, where we set an all time record. However, we were close to hitting the $100 mark this month, which is a great building block for future months to come.
Speaking of building blocks, just look at the growth we have seen over the past several years based on October dividend numbers –
- October 2012 – $22.28
- October 2013 – $63.37
- October 2014 – $79.16
October 2015 Dividend Income – $96.03
We saw an increase of over 21% last month compared to October 2014! Just look at the growth compared to last year where we are up by over $16 in dividend income.
These numbers and increases will only keep growing as each month passes. Plus, we have been pumping new investment dollars into the market which will begin to bear fruit in the months and years to come.
Here is the breakdown of dividend income (by stock) in October, along with the number of new shares added from DRiP –
- Cincinnati Financial Corp (CINF) – $33.77 (.60 shares DRiP)
- Dr Pepper Snapple Group, Inc. (DPS) – $0.17 ($0.17 cash)
- The Coca-Cola Company (KO) – $4.49 ($4.49 cash)
- Lockheed Martin Corporation (LMT) – $41.82 (.19 shares)
- Realty Income Corporation (O) – $6.67 ($6.67 cash)
- Sysco Corporation (SYY) – $9.11 (.22 shares)
Note – All of the dividends we currently receive are reinvested into new shares of the same stock using DRiP – except those purchased through our LOYAL3 and Robinhood accounts.
New Capital Invested in October
Regardless of which direction the market is going, we have been dedicated to investing new money into dividend stocks. Here are the new investments we made in October –
- $35.09 lump sum investment in BHP Billiton Limited (BHP) – 1 share
- $150 automatic investment in Microsoft (MSFT) – 3.22 shares
- $50 automatic investment in Unilever (UL) – 1.11 shares
- $50 automatic investment in Verizon (VZ) – 1.02 shares
- $150 automatic investment in WalMart (WMT) – 2.57 shares
We had our normal automatic investments in WalMart, Verizon, Unilever, and Microsoft through Robinhood and Computershare. In addition, we added 1 share of BHP Billiton (BHP) as part of our tax refund portfolio holdings.
Note – These small purchases of 1 share are only viable because of new online brokers like Robinhood and LOYAL3.
The total amount of new capital invested in October was – $435.03
Here are the new investment totals for the year –
- January Investments – $475.00
- February Investments – $1,067.30
- March Investments – $652.26
- April Investments – $1,094.77
- May Investments – $4,219.12
- June Investments – $1,148.80
- July Investments – $482.64
- August Investments – $750.00
- September Investments – $764.89
- October Investments – $435.03
New 2015 Investments – $11,089.81
12 Month Forward Dividend Income
We continue to track our 12 month forward dividend income each month. Several factors will determine if our forward dividends increase including: adding new shares, dividend reinvestment’s, and when a company raises its annual dividend.
Here are our current and past results for the year –
12 Month Forward Dividend Income
- March 2015 – $1,239.21
- April 2015 – $1,288.31
- May 2015 – $1,501.44
- June 2015 – $1,570.40
- July 2015 – $1,590.65
- August 2015 – $1,615.53
- September 2015 – $1,679.28
- October 2015 – $1,698.24
Our 12 month forward income grew by 1.1% this past month. That is an increase of $18.96 in future dollars!
This increase was a bit smaller than a typical month lately. Since October was our lowest month for new investment dollars this year, it slowed down our future income growth a little.
Conclusion
The dividend income earned in September ($96.03) was up over 21% from the same time last year. This is all a direct result of pumping more and more money into the stock market.
To date, we have earned a total of $1,139.45 in dividend income for 2015. We continue to set new records every month as this is the first year that we will earn over $1K in dividends! Plus, we still have two solid months to go.
At this rate, we would earn around $1,450 in annual dividend income this year. Since our goal is to earn $1,500 this year, we have a little more work to do over the next 2 months.
How was your dividend income in October? What stocks are you buying in this market?
Full Disclosure – At the time of this writing, we owned shares in the following stocks noted in this post – BHP, CINF, DPS, KO, LMT, MSFT, O, SYY, UL, VZ, and WMT. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.
