Nothing scary about my dividend total for October. Not a big YoY increase, just continued growth. However, I got quite the treat in receiving a large number of dividend increases. Let’s get into the details!
The total was $452.91… an acceptable 9.28% increase compared to the same month last year.
A baker’s dozen of companies paid me a dividend this month. The largest amount came from RPM, a long-time holding. The least came from ENSG, a position initiated earlier this year.
The amounts from CAH, OZRK, NKE and O were boosted by additional purchases over the past year.
The amount from WPC was a decrease compared to last year, due to a partial sale.
I have 1 new dividend payer (ENSG), but their payout is rather small, so it didn’t play a significant role in my monthly percentage increase. The increase came from additions to existing holdings (as noted above), and reinvested dividends. I reinvest dividends back into the stock that paid them.
My Financial Engines (FNGN) position was closed out over the past year, thus no dividends compared to last year. FNGN wasn’t raising their dividend, so I decided to move on.
The excitement for October came in the form of dividend increases. I had 8 companies raise their dividend! OZRK and OHI have been announcing increases on a quarterly basis, so the small % increases for these two are actually quite nice if you annualize them. Of the remaining companies, which announce annually, the largest increase came from V, a hefty 18.18%, while the smallest came from AFL, at 4.65%.
These raises contribute a total of $99.82 to my annual forward dividend income. I was thinking SBUX might announce an increase in October, too, pushing me over the $100 mark, but I think SBUX is planning a November raise… I’ll have to wait.
Amazingly enough, I’d have to invest $3,839 at my portfolio’s average yield of 2.6% in order to equal the same boost to my annual forward dividend income that these dividend raises provide.
So, not too much to get excited about with regard to dividend income this month, but there certainly was with the dividend increases. Ultimately, progress was made again in October, so I have to be happy about that. I have some cash to invest, so hopefully I can boost my annual forward dividend income, and hit the $7,200 total before year’s end.
On another note, with October’s dividends I surpassed last year’s dividend income total. I have 2 more months to push the 2017 total higher! I estimate that I should reach at least $6,700 for 2017.
I’d love to hear about your progress in October as well. Have you surpassed last year’s dividend total yet? Any goals you’d like to accomplish before year’s end?