Since the NFL season began this month, it only seems appropriate to declare my portfolio’s September dividend total as a Touchdown! In addition, the portfolio went for the 2-pt conversion and made it, as it didn’t just score 7 hundred, but rather 8 hundred for me. Check it out…
The total was $804.08… a noteworthy 30.89% increase compared to the same month last year. This is only the 2nd time I’ve topped $800 in a month, the 1st being this past June.
A whopping 17 companies paid me a dividend this month. As you can see in the table above, the largest amount came from QCOM, and the least from V. I’d like to have a larger dividend from V, but they have a low payout ratio. While I like the size of my position in V, I wouldn’t be opposed to owning more, just not at the current price.
The amounts from QCOM, XOM, and O were boosted by additional purchases over the past year, as opposed to being from only dividend increases and reinvested dividends.
The amount from TROW was a decrease compared to last year, due to partial sale during the past year.
September brought 3 new dividend payers for me – TGT, CCI, and GWW. The group played a large part in my monthly percentage increase.
Meanwhile, 3 companies (CMI, PX, PII) exited the portfolio over the past year, and thus no longer provide me with dividends. CMI was sold as it was a comparatively small position, and I felt it was overvalued at the time. PX was essentially replaced with APD. As for PII, uncertainty with regard to some product recalls led me to sell.
In September, I had 2 companies raise their dividend, WPC and O. WPC tends to announce dividend raises on a quarterly basis. O is a little more sporadic, usually delivering four to six small raises during the year. Neither deliver large increases on an annual basis. In the past couple of years they’ve delivered annual raises in the range of 2% to 6%. I won’t complain though…. as it’s always nice to get extra income.
These raises contribute a total of $1.75 to my annual forward dividend income.
Once again, I’m quite happy with my progress. First, the YOY total showed nearly a 31% increase! I expect this YOY growth to slow next year, as there has been less investment in recent months. However, I do have some $$$ set aside to invest. I just need to find the best place to deploy it. Second, I crossed $7,000 in annual forward dividend income this month! That’s compared to about $5,800 at the beginning of this year. That $1,200 difference is an extra $100/mo. in passive income coming my way…. Love it!
Let me know if your portfolio scored in September, too. Any milestones or achievements to announce?