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The first quarter of 2016 has just ended and it has flown by. We are happy to report that March was another record month for earning dividend income for the Money Sprout Index.
Here is our dividend income portfolio results for March, 2016 –
2016 March Dividend Income Results
We broke the $200 threshold for the first time ever for March dividend income. I absolutely love looking back at our March dividends from past years to see just how far we have come.
Just 3 short years ago we were not even earning $100 in dividends per month and look at us now.
Take a look at the growth we have seen over the past 4 years based on March dividend income results –
- March 2012 – $55.11
- March 2013 – $83.70
- March 2014 – $105.29
- March 2015 – $168.33
March 2016 Dividend Income – $209.10
We saw an increase of over 24% last month compared to March 2015!
Here is the breakdown of dividend income (by stock) in March –
- Aflac Incorporated (AFL) – $11.29
- ConocoPhillips (COP) – $5.06
- Consolidated Edison, Inc (ED) – $23.92
- Emerson Electric Co. (EMR) – $16.63
- Intel Corporation (INTC) – $12.47
- Johnson & Johnson (JNJ) – $15.79
- Kellogg Company (K) – $2.67
- McDonald’s Corp (MCD) – $32.19
- Microsoft Corporation (MSFT) – $24.00
- Norfolk Southern Corporation (NSC) – $15.09
- Realty Income Corporation (O) – $6.95
- Target Corp (TGT) – $12.46
- Unilever plc (UL) – $5.28
- Exxon Mobil Corporation (XOM) – $25.30
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 March
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 March –
- $50.74 lump sum investment in Emerson Electric Co. (EMR) – 1 share
- $33.34 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) – .55 shares
- $25 automatic investment in The Kraft Heinz Company (KHC) – .32 shares
- $150 automatic investment in Microsoft (MSFT) – 2.92 shares
- $50 automatic investment in Unilever (UL) – 1.10 shares
- $50 automatic investment in Verizon (VZ) – .89 shares
- $150 automatic investment in WalMart (WMT) – 2.21 shares
We had our normal automatic investments in WalMart, Verizon, Unilever, Microsoft, Dr Pepper Snapple, Kellogg, Coca-Cola, and Kraft Heinz through LOYAL3 and Computershare. We also used some dividend balance to add a share of Omega Healthcare and a share of Emerson Electric.
The total amount of new capital invested in March was – $584.08
Here are the new investment totals for the year –
- January Investments – $518.30
- February Investments – $527.49
- March Investments – $584.08
New 2016 Investments – $1,629.87
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 March ($209.10) was up over 24% from the same time last year. This is all a direct result of pumping more and more money into the stock market.
March always has been one of the busiest months for earning dividend income, and this past month did not disappoint. Our goal for the remainder of 2016 is to invest as much new money as we can to dividend stocks. This is a necessary step if we plan to hit our 2016 goal of earning $2,250 in dividend income.
How was your dividend income in March?
Full Disclosure – At the time of this writing, we owned shares in the following stocks noted in this post – AFL, COP, DPS, ED, EMR, INTC, JNJ, K, KO, KHC, MCD, MSFT, NSC, O, OHI, TGT, UL, VZ, WMT, and XOM. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.