This post may contain affiliate links. Please read our disclosure for more info.
The first month of 2017 is already in the books! It felt like I just got done posting about our 2016 dividend income and December earnings.
January was a great start to 2017 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 January 2017 –
2017 January Dividend Income Summary
With all the momentum we built up last year leading up to reporting our December dividend income, it is hard to imagine getting excited about January dividends.
But guess what? We set another record for January dividends. Not a big surprise, but the first month of 2017 did not disappoint.
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 5 years based on January dividend income results –
- January 2012 – $11.29
- January 2013 – $24.74
- January 2014 – $70.11
- January 2015 – $85.44
- January 2016 – $111.51
January 2017 Dividend Income – $140.12
We saw an increase of over 25.7% last month compared to January 2016!
This latest increase of over 20% is consistent with past months and shows all the new capital we have invested into the market is working hard.
January 2017 Dividend Breakdown by Company
Overall, we had 8 stocks pay out a dividend in January.
Awesome companies like WalMart, Lockheed Martin, and Sysco Corp gave our family a paycheck for not really doing much at all. How awesome is that?
Here is the breakdown of dividend income (by stock) in January –
- Cincinnati Financial Corp (CINF) – $36.83
- Cisco Systems Inc. (CSCO) – $1.56
- Dr Pepper Snapple Group, Inc. (DPS) – $0.63
- Genuine Parts Company (GPC) – $3.29
- Lockheed Martin Corporation (LMT) – $52.50
- Realty Income Corp (O) – $8.10
- Sysco Corporation (SYY) – $10.37
- Wal-Mart Stores Inc (WMT) – $26.84
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 January
The last two months of 2016 (November and December) were great for new investments.
Ever since we set a goal to grow our forward annual dividend income to $3,000 by the end of 2017 … we have been focused on investing new dollars.
Unfortunately, January we took a step back.
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 we slipped.
Here are the new investments we made in January –
- $150.00 automated investment in Apple Inc. (AAPL) – 1.24 shares
- $50.00 automated investment in Cincinnati Financial Corp (CINF) – .70 shares
- $60.34 lump sum investment in Cisco Systems (CSCO) – 2 shares
- $190.08 lump sum investment in Omega Healthcare Investors (OHI) – 6 shares
- $150.00 automated investment in Target Corp (TGT) – 2.22 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 January was – $600.42
New 2017 Investments – $600.42
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 for the year –
- 2017 Investments – $600.42
- November Investments – $1,091.31
- December Investments – $1,969.28
Total New Investments – $3,661.01
The dividend income earned in January ($140.12) was up over 25% 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 – Realty Income Trust (O) 4%, Consolidated Edison (ED) 3%, Norfolk Southern (NSC) 3.4%, and OHI 1.6%.
Our goal for 2017 is to earn $2,400 in dividend income.
We have earned a total of $140.12 in dividends for 2017 … which means we need to earn around $2,260 the remainder of the year. That is an average of $205 per month.
Unlike last year, I think reaching that goal will be challenging but possible. We set an unrealistic goal in 2016 and didn’t come close to reaching it.
Provided we keep up with our new investments, I think reaching our 2017 dividend income goals can be attained. And if they are, we will be well on our way to reaching a goal of $3,000 in dividend income for 2018!
How was your dividend income in January?
Full Disclosure – At the time of this writing, we owned shares in the following stocks noted in this post – AAPL, CINF, CSCO, DPS, ED, GPC, LMT, NSC, O, OHI, SYY, TGT, and WMT. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.