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The new year seems to be flying by! February has ended and with that comes more dividend income to report. A traditionally slow month for dividends, this February pointed to a ton of positive signs for the growth of our portfolio going forward.
Here is our dividend income portfolio results for February, 2016 –
2016 February Dividend Income Results
For the first time ever, we hit the triple digit mark for February dividend income! While it is nowhere near what March will be like, it is a great sign our dividend income portfolio is growing.
Take a look at the growth we have seen over the past 4 years based on February dividend income results –
- February 2012 – $25.26
- February 2013 – $36.20
- February 2014 – $35.68
- February 2015 – $46.16
February 2016 Dividend Income – $104.72
We saw an increase of over 126% last month compared to February 2015! Maintaining that rate every year would be difficult, but it is still awesome to see our current growth.
Here is the breakdown of dividend income (by stock) in February, along with the number of new shares added from DRiP –
- Caterpillar Inc. (CAT) – $15.40 ($15.40 cash)
- The Clorox Company (CLX) – $25.29 (.20 shares DRiP)
- Lowe’s Companies Inc (LOW) – $6.93 (.10 shares DRiP)
- Realty Income Corporation (O) – $6.95 ($6.95 cash)
- Omega Healthcare Investors Inc (OHI) – $25.08 ($25.08 cash)
- The Procter & Gamble Company (PG) – $11.93 (.15 shares DRiP)
- Verizon Communications Inc (VZ) – $13.14 (.25 shares DRiP)
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 February
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 February –
- $27.49 lump sum investment in Omega Healthcare Investors Inc (OHI) – 1 share
- $25 automatic investment in Dr Pepper Snapple Group, Inc. (DPS) – .28 shares
- $25 automatic investment in Kellogg Company (K) – .33 shares
- $25 automatic investment in The Coca-Cola Company (KO) – .57 shares
- $25 automatic investment in The Kraft Heinz Company (KHC) – .34 shares
- $150 automatic investment in Microsoft (MSFT) – 3.01 shares
- $50 automatic investment in Unilever (UL) – 1.15 shares
- $50 automatic investment in Verizon (VZ) – .94 shares
- $150 automatic investment in WalMart (WMT) – 2.26 shares
We had our normal automatic investments in WalMart, Verizon, Unilever, and Microsoft through LOYAL3 and Computershare. We also initiated new automatic investments in Dr Pepper Snapple, Kellogg, Coca-Cola, and Kraft Heinz. Finally, we used some dividend balance to add a share of Omega Healthcare. It is these little investments overtime that will really add up.
This year has started out slower for new investments than what I would have liked. We are still feeling the residual of the holiday bills as well as unexpected automobile expenses. The good news is that we were at least able to slightly increase our new investments from January.
The total amount of new capital invested in February was – $527.49
Here are the new investment totals for the year –
- January Investments – $518.30
- February Investments – $527.49
New 2016 Investments – $1,045.79
Note – We used to track our 12 month forward income in these posts. However, we have decided to drop this information from our monthly updates as it gets cumbersome to track. We plan to instead provide quarterly updates on our progress.
The dividend income earned in February ($104.72) was up over 126% from the same time last year. This is all a direct result of pumping more and more money into the stock market.
February has always been one of the slowest months for earning dividend income, so we are excited with our results. However, we also need to be focused and continue to build our portfolio the remainder of the year if we want to hit our 2016 goal of $2,250 in dividend income.
How was your dividend income in February?
Full Disclosure – At the time of this writing, we owned shares in the following stocks noted in this post – CAT, CLX, DPS, K, KO, KHC, LOW, MSFT, O, OHI, PG, 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.