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We are almost through 2015, and my wife and I couldn’t be happier about our dividend income results. At the start of 2015, we set a goal to earn ,500 in dividend income this year. While it looks like we may come up just short of that target, we have built a solid foundation of dividend stocks that will grow into the new year.
Despite a lot of market uncertainty over the past 8 to 9 months, our dividend portfolio still seems to be getting stronger. Instead of focusing on the daily ups and downs of the market, we are focused on accumulating long term assets that will pay us back year after year.
Here is our dividend income portfolio results for November, 2015 –
2015 November Dividend Income Results
November was no where close to setting any dividend income records, but that doesn’t mean it wasn’t a successful month. We were very close in hitting the $100 mark and more than doubled our dividend income from last November! It seems like each month we continue to see our dividend income machine grow.
Just look at the growth we have seen over the past several years based on November dividend numbers –
- November 2012 – $34.30
- November 2013 – $43.73
- November 2014 – $43.16
November 2015 Dividend Income – $98.12
We saw an enormous increase of over 127% last month compared to November 2014! Those are truly some amazing numbers, which is what keeps us motivated to pump more and more new money into dividend stocks.
Here is the breakdown of dividend income (by stock) in November, along with the number of new shares added from DRiP –
- Caterpillar Inc. (CAT) – $13.09 ($13.09 cash)
- The Clorox Company (CLX) – $25.14 (.21 shares DRiP)
- The Kraft Heinz Company (KHC) – $0.26 ($0.26 cash)
- Lowe’s Companies Inc (LOW) – $6.90 (.09 shares DRiP)
- Realty Income Corporation (O) – $6.67 ($6.67 cash)
- Omega Healthcare Investors Inc (OHI) – $22.96 ($22.96 cash)
- The Procter & Gamble Company (PG) – $11.83 (.16 shares DRiP)
- Verizon Communications Inc (VZ) – $11.27 (.22 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 November
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 November –
- $210.39 lump sum investment in Caterpillar Inc. (CAT) – 3 shares
- $501.10 lump sum investment in Emerson Electric (EMR) – 10 shares
- $150 automatic investment in Microsoft (MSFT) – 2.80 shares
- $50 automatic investment in Unilever (UL) – 1.17 shares
- $50 automatic investment in Verizon (VZ) – 1.05 shares
- $150 automatic investment in WalMart (WMT) – 2.50 shares
We had our normal automatic investments in WalMart, Verizon, Unilever, and Microsoft through LOYAL3 and Computershare. In addition, we added 3 shares of Caterpillar (CAT) and 10 shares of Emerson Electric (EMR).
Note – These small purchases are only possible because of new online brokers like Robinhood and LOYAL3.
The total amount of new capital invested in November was – $1,111.49
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
- November Investments – $1,111.49
New 2015 Investments – $12,201.30
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
- November 2015 – $1,787.93
We are very pleased with where our future dividend income projections are at. If 2016 started today, then we would likely earn a minimum of ~$1,780 in dividend income next year without lifting a finger. That means no new money would need to go into the market, nor would we need to reinvest any dividends through DRiP.
These are just estimates and nothing is guaranteed, but it is still a good gauge to where we are heading. We plan to set a goal of earning $2,000 in dividend income for 2016, so this certainly gives us a great starting point.
The dividend income earned in November ($98.12) was up over 100% 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 $1,237.57 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!
At this rate, we likely won’t reach our goal to earn $1,500 this year. However, we will be close and will use this to motivate us to hit our target next year.
How was your dividend income in November? 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 – CAT, CLX, EMR, KHC, LOW, MST, 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.