Live Off Dividends

Passive Income and Personal Finance

Dividend Portfolio: October Update

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October wasn’t the best month for my portfolio. The market is continuing it’s downward trend with the election and the fear of rate hikes still looming. I think the market will continue to drop and may even drop drastically after the election. I think there’s a lot of value to be found in the market currently but, maybe even more so in the next week or two. I was building my cash balance as of last month and it was totaling around $2,500. I was day trading with that money so that it would be readily available in the event of a large market correction so that I would be able to purchase discounted shares. That didn’t quite work out, but I’ll explain later on in this post.

Dividend Increases: 5 Increases

AT&T (T) increased their dividend from $0.48 to $0.49. This is a 2.08% increase, an extra $4.08 for me annually.

Vectren Corporation (VVC) increased their dividend from $0.40 to $0.42. This is a 5% increase, an extra $2.32 for me annually.

Emerson Electric (EMR) increased their dividend from $0.475 to $0.48. This is a 1.05% increase, an extra $0.40 for me annually.

Chevron (CVX) increased their dividend from $1.07 to $1.08. This is a 0.93% increase, an extra $0.76 for me annually.

Northwest Natural Gas increased their dividend from $0.4675 to $0.47. This is a 0.53% increase, an extra $0.01 for me annually.

HCP Inc. decreased their dividend from $0.575 to $0.37 due to the split. They gave us shareholders one share of QCP for each share of HCP that we own. QCP hasn’t paid a dividend yet.

My dividend increases this month will earn me an extra $7.57 annually or $0.63 monthly, with zero additional dollars invested.

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This was kind of a “meh” month for dividends, I received $43.26 in October. This brings my yearly total to $648.98.

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My annual dividends increased by $83.88 this month! I’ve now surpassed my yearly goal to bring my annual dividends to $1,200, or $100/month. Being at $1,260.03 annually, that gives me an average of $105 per month. To me, that’s awesome. I think an extra $105 a month in passive income is substantial especially considering my extremely low expenses (and age). It’ll be really interesting to see what happens in November as this will dictate if I’ll be investing my money or go back to trying to build a cash reserve.

Now, about my day trading. I had about $2,000 which later increased to $2,500 that I was trading with. I was doing pretty well, I was averaging about a 1% gain per week on that money. I explain my strategy in some of the day trading posts. But anyway, I got “stuck” holding BUD and it doesn’t look like I’ll be able to get rid of the shares anytime soon, depending what happens this month anyway. I don’t mind holding this stock so no big deal really, which plays into my strategy. Now I have about $570 in cash that I may trade a little bit with but I would really like to have this ready if we get a market correction.

Either way, I have faith in my portfolio as is and if I’m not able to get discounted shares right away I’m sure there will be plenty of value lying around. In the coming months I’m going to get much more detailed into my portfolio and really fine tune it. I’m also aggressively looking for a multi-family house to buy and I just submitted an offer on one last night so hopefully I have another form of passive income coming in here soon!

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7 Comments

  1. Looking good 😉

  2. Nice job on exceeding your yearly goal! Whats the next target?

    • Thank you! I’m excited I was able to achieve it. For this year, anything extra is all gravy, so no new goal yet. I think the goal for next year is going to be somewhere between $2,000-$2,400 annually. I have to do some figuring!

  3. I saw on another post that you expenses are around $400 -$500. How are you able to have such low expenses? Do you have roommates?

    Great job on the portfolio!

    • Thanks, it just depends on the month. They’ve averaged out to about $1,800 for the past 6 months but that should drop quite a bit going forward.

  4. I sold most of my stocks to get my first investment property. This was a good reminder to get back into it, even if I don’t have enough to make a significant income from dividends.

    • I’m trying not to do the same thing! But I really want to put 20% down to avoid PMI. You gotta start somewhere, even if it builds slowly!

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