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 (like this and this) 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! 🙂