September was a fantastic month for my dividend income, and in more ways than one. This is the opposite of my “off” month. The months of September, December, March, and June are my best months for passive income. On these months I receive the largest amount of dividend income from the greatest amount of dividend stocks. This month I earned $882.44 in dividend income from a total of seven (7) companies! Here they are:
Pfizer (PFE) – $55.04
Southern Company (SO) – $105.56
International Business Machine (IBM) – $144.74
VF Corporation (VFC) – $28.14
McDonalds (MCD) – $67.08
Universal Health Realty Income Trust – $120.12
Ares Capital (ARCC) – $361.76
September 2017 Dividend Income Total: $882.44
This month’s dividend income represents a 1.6 % increase since the start of the year. I had stopped purchasing stocks for the first 6 months of the year. Thus this growth is just from companies increasing their dividends. I did not keep track of monthly dividends last year, so I cannot give an accurate year by year comparison. The last company I purchased that would contribute to this month’s dividend income was VFC, which if I remember correctly, I purchased in December 2016.
This is also a fantastic month in that I broke the $8000 threshold for the first time in forward annual dividend income. As of now, my annual dividend income stands at $8007 in yearly passive income. What does all that mean? Well, that equates to an average of $667.25 in passive income when spread over 12 months. That would cover my monthly maintenance ($507.72) for my co-op apartment with cash left over to cover my cell phone bill ($30), internet ($50), and Hulu and Netflix ($20). These are my “fixed” expensive that stay the same each month. However, a good amount would cover “non-fixed” expenses like my utilities and food and supply expenses as well.
On a month like September where I receive almost $900 in dividend income I can say that nearly all my monthly expenses would be covered. That itself is so cool! The dividends I received this month 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? 🙂