October 2017 Dividend Income

Once again it is my “off” month. I receive the least amount of dividend income on the months of January, April, July, and October from the least amount of stocks I own. But, truth be told, this month has been anything but an “off” month. This was very much an “on” month! This was a very exciting month for my financial world. This month I received $378.72 in dividends from 3 companies.

 

Medical Properties Trust (MPW) – $216.00

Starwood Property Trust (STWD) – $103.20

GlaxoSmithKline (GSK) – $59.52

October 2017 Dividend Income Total: $378.72

 

This month’s dividend income represents a .33 % increase from last quarter when those same 3 companies paid me $377.44 in dividend income. This is why it is called an “off” month. Don’t get me wrong, getting nearly $400 is a very good month. But compared with the other two months that will follow in a quarter, these “off” months are very sluggish for me. Plus, these months include GSK’s dividend payment that differs each quarter, so the amounts may go up and down.

At this same time, this has been a very exciting month. First, I made a purchase of 70 Shares of TGT during the first week of October adding $173.00 to my yearly dividend income . Secondly, during this time I cross the $250K mark in net worth for the very first time. The combination of my portfolio ($141,000K at the time), bank accounts ($9000), and value of my co-op apartment ($99,900) pushed me over the quarter million mark in net worth! The power of saving and investing on display.

Finally, there is the icing on the cake: dividend increases! Who doesn’t love a dividend increase? VF Corp (VFC) raised their dividend by 10% to $0.46 per share. This means I will receive $123.28 in dividend income yearly (up from $112.56). Sprague Resources (SRLP) also raised their dividend for the 14th consecutive time to $0.6225 per share. This means I will receive $1,431.15 in dividend income yearly (up from $1,397.25). And finally, GSK raised its dividend slightly to $0.499 per share which will give me $61.38 next quarter (up from $59.52 this quarter).

Taken all together, this month saw $46.48 in dividend increases from stocks I own. I would say that makes this a great month! I did not keep track of monthly dividends last year, so I cannot give an accurate year by year comparison. Once this quarter is over I will be able to see a year by year comparison which should be very interesting. The dividend income I received this will be used to buy more quality dividend stocks from great companies as I continue to diversify and expand my portfolio. I will continue to build my dividend dynasty.So how about the rest of you? How did you all do this month? Let me know in the comments below and thanks for stopping by! 🙂

25 Comments

  1. DivRider

    Even if it’s a low month for you, I envy the numbers 🙂
    I only got $88.57 last month. But I’m constantly adding and also try to increase the portfolio yield. And I just want to say I really like your portfolio with the high yield mix. Not very common to see.

    Just a little note, below your individual dividends it’s “July 2017…”.

    Reply
    1. My Dividend Dynasty (Post author)

      Hi DivRider! Thanks for stopping by! $88.57 sounds like a good month to me. 🙂 Yeah, I got a few powerhouses that are high yielding stocks. So far they have worked out well for me. And thanks, I fixed the “July 2017” lol. 😛 Thanks for your comment. 🙂

      Reply
  2. Dividend Portfolio

    Off month or not, that was a solid report Dynasty. Congrats again for reaching 250k in net worth. And, getting those dividend increases are really just icing on the cake. You get money you didn’t have to work for, to reinvest so you can get more money you don’t have to work for, all for the one-time price of owning the stock.

    Reply
    1. My Dividend Dynasty (Post author)

      Hi DP! Yes! I love getting money I didn’t have to work for. It is one of the great joys of passive income. Thanks for your comment! 🙂

      Reply
  3. Mr. Robot

    Allmost 400 for an off-month is fantastic! Great to see your active purchases, you are rocking it!

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Mr. Robot! 🙂

      Reply
  4. Dividend Daze

    Seems to be an off month for everyone. Even with just a few companies paying you, those are still big positions to collect that many dividends. Probably 6 or 7 times what my portfolio is producing in October haha. Looking forward to seeing what you pull in on a not “off month”.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Daze! Looking forward to seeing your success in the coming months as well. 🙂

      Reply
  5. dividendgeek

    How is this a off month? 380$ in dividends is awesome :). I am mostly invested in mutual funds and ETFs, so no dividends in October 🙁

    Reply
    1. My Dividend Dynasty (Post author)

      Hey Dividend Geek! Aw, no dividends in October… But it still looks like your raking in some good income. And you set some great goals for yourself. Keep up the good work! The snowball will grow bigger over time. 🙂

      Reply
  6. DivHut

    Getting close to $400 for an off month isn’t too shabby. We all come off those end of quarter highs but as long as the passive income keeps rolling in you are golden. Nice to see GSK there. I have been looking at that stock for some time but never pulled the trigger. I guess I’m a little skeptical of that dividend. I do like the sector they are in and the fact that they also have a nice consumer division. Thanks for sharing!

    Reply
    1. My Dividend Dynasty (Post author)

      Hi DH! Yeah, even with a different dividend each quarter, I do like GSK. I have owned the stock since 2015 and have received a little over $635 in dividend payments from them. Next year should be interesting. Thanks for stopping by! 🙂

      Reply
  7. Dividend Diplomats

    DD –

    Nice work and damn, almost $400 this month! Killing it and appreciate the GSK news, as I own them too!!

    -Lanny

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Lanny! Yes, it is always nice to see a diviend increase (even if it is a slight one lol). Thanks for stopping by! 🙂

      Reply
  8. Engineering Dividends

    MDD, I’m glad to see continued progress for your portfolio. Some nice income and sweet raises you reported. Looking forward to those YoY comparisons soon!

    Reply
    1. My Dividend Dynasty (Post author)

      Yes, it will be great to finally post the YOY comparisons. January will be the first month I can do so. Can’t wait! Thanks for your comment! 🙂

      Reply
  9. DividendSolutions

    Hey Dynasty,

    378$ is a great number for an off-month like October…wish i was in that league:-)…Starwood Properties is on my watchlist and i think about adding a small position to my portfolio as a high yield stock.

    My October income came in as 90$…just short of the three figures…but motivation to change that in 2018.

    Greets from Germany,
    DividendSolutions

    Reply
    1. My Dividend Dynasty (Post author)

      $90 still sounds like a great month to me. 🙂 I am sure you will cross the three figures soon for the month. STWD has been good for me. Actually, I have had it for a year now and collected a years worth of dividends totaling $412.80. Looking forward to next year. Thanks for your comment and for stopping by! 🙂

      Reply
  10. Doug

    Awesome month. Those dividend increases you get will be nice when you get them. January I’ll get my first 100 dividend. Hopefully lots more after that. Keep it up.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Doug! Getting your first $100 dividend is a great accomplishment. It is always nice to cross higher thresholds and it will certainly add up to more after that. The snowball will get bigger and bigger as it rolls! Keep up the great work! 😀

      Reply
      1. Doug

        Just to clarify that’s a stock not monthly lol

        Reply
  11. Passivecanadianincome

    Nice dynasty huge payouts from only 3 stocks. Congrats on the quarter mil mark and all the raises!

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks PCI! 🙂

      Reply
  12. Investment Hunting

    Great month. I love that you’re a STWD share holder. I collect a handsome divi from this company every quarter too.

    Reply
  13. My Dividend Dynasty (Post author)

    Hi Investment Hunting! It is great to meet another STWD shareholder. Your really got a huge pile of cash from that stock which is awesome! Keep up the good work! 😀

    Reply

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