Live Off Dividends

Passive Income and Personal Finance

Dividend Portfolio Update: February 2017

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Well, I’m happy to say that I finally closed on my house! My girlfriend and I are all moved in and my tenant upstairs signed the new lease (month to month) so she will be staying for the foreseeable future. I did raise the rent from $550 to $650 per month and received my first check March 1st. I’m happy to say that I have a new stream of passive income! I’m going to start including a little bit about the rental property in this post from here on out as well. We’re going on a Caribbean cruise from March 3rd-12th so I’m pretty excited about that too!

Dividend Increases: 5 Increases

Coca-Cola increased their dividend from $0.35 to $0.37. This was a 5.71% increase.  This increase will earn me an extra $1.92 annually.

 Home Depot increased their dividend from $0.69 to $0.89. This was a 28.98% increase. This increase will earn me an extra $8.80 annually.

General Parts Co. increased their dividend from $0.658 to $0.675. This was a 2.58% increase. This increase will earn me an extra $0.75 annually.

Waste Management increased their dividend from $0.41 to $0.425. This was a 3.65% increase. This increase will earn me and extra $0.42 annually.

3M Company increased their dividend from $1.11 to $1.175. This was a 5.85% increase. This increase will earn me an extra $0.065 annually.

 Combined, these five increases will earn me an extra $11.955 annually or $0.996 monthly with nothing more invested.

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These are all the companies that paid me dividends in February amounting to $101.02. Not bad for the second month of the quarter!

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My dividends year over year in February increased from $57.82 to $101.02. This was a 74.71% increase year over year!

 

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Now that I’ve closed on my house I finally felt comfortable making some changes to my dividend portfolio. Last month I sold all my shares of HRL and WFC. I replaced these two companies with LOW and ADM. I’m extremely happy with this switch and I’m happy with the prices that I paid. My annual dividend increased from $1,272.624 to $1,290.198 this month ($106.05/monthly to $107.5165/monthly). I have a list of stocks that I will be removing from my portfolio and replacing with new stocks.

The premise of this portfolio change is basically lower payout ratios as well as much larger dividend growth. Of course, sacrificing initial yield in the process. Which is fine with me, I’m in it for the long haul. Dividend growth is much more important to me than current yield.

I’m still extremely far behind on my portfolio contributions. I’m now behind on 8 contributions totaling $3,520. I’m not going to let this number go away and I still fully intend to make this up. Trying to find value in this market is getting more and more difficult so I may wait for a pull back and seize the opportunity with some large purchases. At this point, any month that I earn over $100 in dividends is great with me.

Rental Property: $550

I received my first rent check of $550 (it will be $650 next month) and I haven’t had to invest any money into the rental apartment at all yet. So far so good. The apartment that my girlfriend and I are living in is a different story though. I did a ton of work to this place and spent a bunch of money. I’m going to write a separate post about the entire process from writing an offer to closing to moving in and all the expenses in between.

 

How did your portfolio perform in February? Are you buying or hoarding cash at this point?

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6 Comments

  1. Very nice income over the February month. Nice purchase of the apartment and added income stream, can’t go wrong. To top it off you’re off on holiday soon, everything is looking great for you.

    • Thank you! I’m very excited for the cruise and even more excited for the apartment! Things are starting to fall into place.

  2. That is always great getting more dividend income. And a 57% increase year over year is always help to. Happy dividend investing.

  3. That looks like a solid month to me. Nice YOY growth on your dividend income. Keep up the good work and thanks for sharing!

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