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Already two months gone by in 2017! Crazy how time flies.
While sometimes I really wished time would just slow down …. the good news is that for every month that goes by … we get to give a new dividend income update.
Posting monthly updates about building our dividend growth portfolio is one of my favorite things about investing. It gives us a chance to look back and see how much our income has grown over the years.
Well … February was a great follow up to last month for dividend income. We continued to see solid growth from new investments, several dividend increases, and dividend reinvestment’s.
All of our new investments (and reinvestment’s) will eventually grow and compound. Future dividend income growth will rely on these new investments we are making now.
As you can see below, consistently investing and growing your portfolio will provide awesome returns over the course of several years.
So … here is our dividend income portfolio results for February 2017 –
2017 February Dividend Income Summary
Not a huge surprise, but we set another record for February dividends. Really, unless we get a dividend cut or sell shares of a stock … we should never see any decrease when comparing months.
Since we are constantly investing new money and reinvesting our dividends … our income stream should continue to grow every single month.
February was no different – we continued to grow our new investments as well as our most recent dividend income earnings this past month.
Month by month, year by year … we continue to slowly grow this sustainable income stream.
Just take a look at the growth we have seen over the past 6 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 – $104.72
February 2017 Dividend Income – $136.30
We saw an increase of 30.2% last month compared to February 2016!
This latest increase of over 30% is consistent with past months and shows all the new capital we have invested into the market is working hard.
February 2017 Dividend Breakdown by Company
Overall, we had 8 stocks pay out a dividend in February. This was the first month that we have received a dividend payment from Apple (AAPL).
Awesome companies like Lowe’s, Clorox, and Procter & Gamble gave our family a paycheck for not really doing much at all. Pretty cool … huh?
Here is the breakdown of dividend income (by stock) in February –
- Apple Inc. (AAPL) – $2.92
- Caterpillar Inc. (CAT) – $15.40
- The Clorox Company (CLX) – $26.94
- Lowe’s Companies (LOW) – $8.81
- Realty Income Corp (O) – $8.42
- Omega Healthcare Investors (OHI) – $44.64
- Procter & Gamble (PG) – $12.44
- Verizon Communications (VZ) – $16.73
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
The last two months of 2016 (November and December) were great for new investments. Over the past several months, we have been focused on growing our forward annual dividend income to $3,000 by the end of 2017.
That goal requires that we invest over 25% of our income … which can be difficult during certain times of the year.
As you can tell below, January and February were not as good for new investments.
In order to reach our goal, we estimated needing to invest $20,000 over 14 months (November 2016 to December 2017). We were on track, but January and February we slipped.
Here are the new investments we made in February –
- $150.00 investment in Apple Inc. (AAPL) – 1.09 shares
- $25.00 investment in Best Buy Corp. (BBY) – .56 shares
- $50.00 investment in Cincinnati Financial Corp (CINF) – .68 shares
- $67.46 investment in Cisco Systems (CSCO) – 2 shares
- $25.00 investment in Dr Pepper Snapple (DPS) – .27 shares
- $155.30 investment in Omega Healthcare Investors (OHI) – 5 shares
- $150.00 investment in Target Corp (TGT) – 2.26 shares
- $25.00 investment in VF Corp (VFC) – .47 shares
Note – All of these investments were made through our Robinhood, LOYAL3, and transfer agent (CINF) accounts … which means we did not pay any commissions or fees on these trades.
The total amount of new capital invested in February was – $647.76
New 2017 Investments – $1,248.48
In addition to tracking our yearly new investments, we are also keeping track of new investments since last November (2016).
Here are the new investment totals since last November –
- February 2017 Investments – $647.76
- January 2017 Investments – $600.42
- December 2016 Investments – $1,969.28
- November 2016 Investments – $1,091.31
Total New Investments – $4,308.77
The dividend income earned in January ($136.30) was up over 30% from the same time last year. These increases were from a combination of new investments made, dividend reinvestment’s, and company dividend increases.
Speaking on company dividend increases – we got several this past month – Wal-Mart (WMT) 2.0%, Cisco Systems (CSCO) 11.5%, Coca-Cola (KO) 5.7%, Dr Pepper Snapple (DPS) 9.4%, and Archer Daniels Midland (ADM) 6.7%.
Our goal for 2017 is to earn $2,400 in dividend income.
We have earned a total of $276.42 in dividends for 2017 … which means we need to earn around $2,125 the remainder of the year. That is an average of $212 per month.
Unlike 2016, I think reaching our goal in 2017 will be challenging but within reach. Last year, we set an unrealistic goal and didn’t come close to reaching it.
As long as we keep up with our new investments, I think reaching our 2017 dividend income goals can be attained. And if all goes well, we will be on our way to reaching a goal of $3,000 in dividend income for 2018!
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 – AAPL, ADM, BBY, CAT, CINF, CLX, CSCO, DPS, KO, LOW, O, OHI, PG, TGT, VFC, VZ, and WMT. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.