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Don’t you just love September? The hint of fall in the air, football season, and of course – dividend stocks!
September is just one of those great months for dividend income. Some of our biggest dividend earning companies pay every September – as well as March, June, and December. This is just the way the quarterly dividend cycle works.
Basically, for the past couple of years – we have been setting a new all time dividend income record every time March, June, September, and December rolls around. And this September did not disappoint!
Our dividend income results for September 2016 set a new all time record high!
We didn’t quite reach $300 in dividend income for the first time ever, but we will certainly blow past that by the time next September rolls around.
So … here is our dividend income portfolio results for September, 2016 –
2016 September Dividend Income Results
As I mentioned earlier, we set a new all time record for dividend income in a month. I am very confident that we will set yet another record in 3 short months when we report December’s earnings.
I love reporting back on past results to see how much we have actually grown. Take a look at the growth we have seen over the past 4 years based on September dividend income results –
September 2016 Dividend Income – $276.78
We saw an increase of over 22% last month compared to September 2015! Months and months of investing new money has helped to increase our dividend income.
Here is the breakdown of dividend income (by stock) in September –
- Archer Daniels Midland (ADM) – $9.00
- Aflac Incorporated (AFL) – $13.83
- Consolidated Edison, Inc (ED) – $24.35
- Emerson Electric Co. (EMR) – $23.75
- Intel Corporation (INTC) – $12.53
- Johnson & Johnson (JNJ) – $23.49
- Kellogg Company (K) – $3.12
- McDonald’s Corp (MCD) – $32.64
- Microsoft Corporation (MSFT) – $29.29
- Norfolk Southern Corporation (NSC) – $15.31
- Realty Income Corporation (O) – $8.06
- Target Corp (TGT) – $22.40
- Unilever plc (UL) – $6.82
- Wal-Mart Stores Inc (WMT) – $25.75
- Exxon Mobil Corporation (XOM) – $26.44
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 September
Over the past couple of months, we have been keeping more of our available cash on hand to help pay off some debt. For the first time that I can remember, we didn’t invest a single dollar of new money last month (August).
In September we invested a little and we hope to pick back up where we left off in October for investing new money.
Here are the new investments we made in September –
- $86.24 investment in Archer Daniels Midland (ADM) – 2 shares
- $90.00 investment in Target Corp (TGT) – 1.31 shares
The total amount of new capital invested in September was – $176.24
Here are the new investment totals for the year –
- January Investments – $518.30
- February Investments – $527.49
- March Investments – $584.08
- April Investments – $500.00
- May Investments – $2,441.26
- June Investments – $1,142.25
- July Investments – $970.08
- August Investments – $0
- September Investments – $176.24
New 2016 Investments – $6,859.70
The dividend income earned in September ($276.78) was up over 22% from the same time last year. This is yet another all time record high for our dividend income earnings. I feel very confident that we will set another record in 3 more months when December rolls around.
Our goal for 2016 is to earn $2,250 in dividend income. To date, we have earned $1,413.02 in dividends for the year.
At this point, we are on pace to earn a little over $1,875 in dividends for the year. There is no chance of hitting our 2016 goal, so we are trying to reach a grand total of $2,000 for the year instead. We have a shot at that but it will be close.
How was your dividend income in September?
Full Disclosure – At the time of this writing, we owned shares in the following stocks noted in this post – ADM, AFL, ED, EMR, INTC, JNJ, K, MCD, MSFT, NSC, O, TGT, UL, WMT, and XOM. The material above is not a recommendation to buy. Please do your own research on a company before deciding to invest.