Hold on to your shorts, we have an exciting dividend income report for February 2014! One of the downsides of starting this blog so early in my investing career is that there are certain time periods when I will not be receiving much of a monthly dividend income. Last month happened to be one of those months. I currently hold no positions in companies that regularly pay in the Feb, May, Aug, Nov cycle. So without further ado my income for the month is as follows:
PSEC: $11.03
C: $0.10
For a grand total of $11.13. While this may not be a dazzling sum of money it does represent at least two subway sandwiches worth of income, a valuable prize indeed.
This income represents about 0.618% of my total spending for February a decrease when compared to last months coverage of 0.671%. You can barely see the tiny green bars peeking out in the graph on the right. You will also notice a stock which no longer exists in my portfolio. Before the creation of this blog I sold my entire position in Citigroup in order to purchase assets with a higher dividend payout. The majority of my positions pay out on the March, June, Sept, Dec schedule so this month should be the largest yet in my investing history, stay tuned!
You've got to start somewhere, awesome that you're posting everything right from the start of your dividend growth portfolio, it took me a year before I started blogging about mine. I think when I started my first month that I got any dividends, the total was $2.31 haha. It'll pick up soon, especially now that you hit that 10k mark. Congrats!
ReplyDeleteThank you Starting From Zero. I made the decision to characterize the journey starting from the beginning knowing that I would have these slow months. It will be that much sweeter years from now looking back on these days. I would even be happy with $2.31, hey that's almost half a subway sandwich right there! Thanks for stopping in, have a fantastic weekend!
DeleteDon't sweat it at all man, focus on the building that portfolio slowly and over time those payments will find their way into every month. Consistency is the biggest driver of growth.
ReplyDeleteThat is some excellent advice W2R, I keep having to remind myself that there is no rush, and it is not a race. I will stay consistent and see where it takes me! Thank you for your comment and take care.
DeleteAt least you were able to make this type of post. I got a fat 0 in February. haha. Well, like you, I just starting out but I know if we both keep at it, the monthly income will grow year after year. I may have to go with a monthly paying dividend company (like ARCP, O, PSEC) for my next purchase so I don't get shut out next month. LOL.
ReplyDeleteHey! There's my friend who started on this journey at the same time I did. Lets just keep up the hard work and next year we will have flourishing Februarys. Having a monthly payer is a bit of a motivator as I know every single month I will be getting that $11.03. I will likely grab another REIT/BDC this year at some point as my goal is to keep my exposure to them around 10% or less of my portfolio. Thank you for stopping in Richie, always good to hear from you.
DeleteIts a start, Dividendasaur.
ReplyDeleteWhen I started, I wasnt focused on dividend stocks, and my dividends for all of 2008 was a grand total of $19.
Dividend growth stocks compound and you will start seeing results if you have a game plan and stay the course. Happy to see that you've started on the journey to financial independence.
Best wishes
Thank you for your comment R2R. It is always motivational to see someone who has gone from $19 all the way up to $2,682 in such a short time. Congratulations on your gains and I look forward to achieving something similar! Take care sir and have a great weekend.
DeleteMy first month of dividends brought in a grand total of $0.64, so yeah, you've still got me beat by a significant margin on a relative basis. Just focus on buying quality companies a good prices and the dividends will take care of themselves. One thing I liked to track, especially in the beginning because the dividends received totals were so low, was my projected forward 12-month dividends. That let's you see the progress that new capital infusions is allowing you to make. Keep up the good work and February 2015 will most likely be much higher than 2014.
ReplyDeleteYou make a great point, tracking that forward 12-month dividend is significantly more exciting than the monthly amount earned in the first year of investing. I am also looking forward to being able to compare next year to this one for each month. You have come such a long ways since that $0.64 it's extremely motivating to see your progress.
DeleteIts a start. :)
ReplyDeleteMy first month was under $3. Now I will past $100 this month for the first time. Keep it up.
That is fantastic FFdividend, and that is a pretty huge February pull. I look forward to seeing what you are able to bring in this month!
DeleteDon't worry it will drastically increase fast. Even what seems is a small amount it much more then a lot of people I know who are getting $0. Banks don't seem to be giving anyone much interest.
ReplyDeleteI'm not sure exactly what amount I started but I'm sure was small, because I was into investing early at around 16 or 17 years old, but not so much for solid dividend paying companies until the last few years.
That is pretty amazing that you got such a young start, I wish I had been mature enough to start investing at that age. Making that initial decision to start and then maintaining the consistency is truly the key to becoming successful at just about anything you want to be good at. Here's to consistency and seeing those dividends grow each month. Thank you for stopping in Swan!
DeleteThe first February stock dividend I ever got was in 2009. I received $3.75 on some Procter & Gamble (PG) shares I had purchased through their direct stock purchase plan. I now receive $177.57 in February stock dividends from shares of PG, OKE, EPR, OHI, OGS, and PCL. It grows fast if you are disciplined and committed to investing in dividend growth stocks. Stay the course.
ReplyDeleteAwesome progress Scott! That is an impressive increase in a short amount of time. I look forward to joining you some day in the February payers club, hopefully one of my watchlist stocks that pays in Feb goes on sale soon. It seems like many of the consumer goods stocks pay in Feb which is an area that I am hoping to diversify in to.
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