September 2017 Dividend Income

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? 🙂

22 Comments

  1. Engineering Dividends

    Excellent work, MDD. Nearly $900 for Sept. and now $8K annually is terrific. I’m trailing right behind you at ~$800 for Sept. and $7K annually. Keep an eye in your rear view mirror! We have VFC in common. It looks like it had a nice little run up in price for you since buying late last year. Keep up the investing efforts…. looking forward to your continued progress.

    Reply
  2. My Dividend Dynasty (Post author)

    Thanks Engineering Dividends! Yes, I am very happy with my VFC purchase 🙂 lol. Looks like you had a great month as well! Keep up the awesome work! 😀

    Reply
  3. Dan

    Nice work Dynasty! Very solid month. I crushed SEP as well with about 1.6k. I’m curious – what do you mean by cover your maintenance of $507?

    Passive Income Dude

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Dan! WOW, 1.6K! Congrats and great job! I live in a co-op apartment so the maintenance is monthly “fee” that everyone in the building pays in order to maintain the building. Renting is expensive here (In my area, $1200 to $1400 rent per month is considered very low for a one-bedroom apartment), so I bought a Co-op apartment instead and only pay $507.72 per month. That move helped my savings rate substantially lol. 🙂

      Reply
  4. Passivecanadianincome

    Awesome income and congrats on hitting 8k in forward dividends! Do u drip or just take the cash?
    Cheers

    Reply
  5. My Dividend Dynasty (Post author)

    Thanks PCI! I don’t DRIP, but I do use the cash to buy more stocks. Sometimes adding to a position or most of the time, buying new stocks. 🙂

    Reply
  6. Doug

    Awesome Job ARCC is the heavy hitter this month. Awesome that it pays so much and as you keep adding it will keep growing which is awesome also. once i get over 8,000 i will have replaced my military disability still aways off but i could have the quarter ending months close in 2 years.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Doug! Yeah, ARCC has been a powerhouse for me every quarter since I bought it in early 2016. Sounds like you have a good plan as well. Thanks for your comment! 🙂

      Reply
  7. DividendWombat

    Nifty site you have there! I also like your portfolio with just 14 companies. Nice and easy to get an overview. I am invested in over 40 companies at the moment and to be honest it is getting harder and harder to keep track of everything. I also read your post about buying GIS, I already own some stocks but I wouldn’t mind averaging down on that company.
    Cheers

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks DividendWombat! I like your site as well. 🙂 GIS is a great stock to have and I see we also have VF Corp in common as well. Forty companies is awesome as well! Thanks for stopping by. 🙂

      Reply
  8. Dividend Dozer

    Very impressive – you’re giving me something to work towards. I see we have a couple of the same companies. I try to keep adding to my PFE when I can. Thanks for sharing!

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Dividend Dozer! PFE is another great company I am glad to have in my portfolio. We share IBM and SO as well. Great dividend paying stocks. Thanks for stopping by! 🙂

      Reply
  9. Mr. Robot

    Awesome results. I hope to get at your level in the next 20 years or so… 🙂

    Reply
    1. My Dividend Dynasty (Post author)

      lol Thanks Mr. Robot. I’m sure you will get there before that 🙂

      Reply
  10. Dividend Portfolio

    That’s just awesome Dynasty. The lowest dividends you received from one company is about the dividends I received in September from all the four companies that paid me dividends. Congrats on breaking the $8000 mark. Imagine what you break $10000!

    Reply
  11. My Dividend Dynasty (Post author)

    Hi DP! $10000 sounds wonderful! 🙂 The snowball will get bigger and bigger in time. Stay committed to the long-term and eventually you will break all your bench marks! Thanks for your comment! 🙂

    Reply
  12. Dividend Diplomats

    MDD –

    WHOA! Almost $1,000?! That’s insane, pairing that up that you are holding only a few companies that are paying you a TON. It’s very cool to see. Congrats on the moves you are making.

    -Lanny

    Reply
  13. My Dividend Dynasty (Post author)

    Hi Lanny! Yes, I am inching closer to that $1000 mark as well lol. Thanks so much for your comment! 😀

    Reply
  14. Dividend Daze

    Love quarter ending months! This was huge for you. Almost hitting the $900 mark in a month. Also congrats on hitting 8k. Keep that snowball rolling!

    Reply
  15. My Dividend Dynasty (Post author)

    Quarter ending months are terrific! 😀 Thanks Daze! 🙂

    Reply
  16. DARK

    Hello My Dividend Dynasty,

    Can you explain me this “began really investing in this portfolio back in 2015 when it had only 2 companies and a value around $23,000”

    How could you afford IBM at 18,22$? Not even in 2009 IMB closes to that value.

    Btw great results! Keep up!

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Dark. I had IBM since 1993 when an investment account was first open for me as a child. Any money I got in dividends was automatically reinvested over the next 2 decades. The beginning value of my portfolio at the start of 2015 was $23,170.24 (and the only other stock I had in there was MCD). Perhaps I should clarify on the porfolio page; I only “actively” started investing in my portfolio in 2015. Prior to that I just left it alone, almost as if it didn’t exist. It wasn’t until circumstances forced me to become financially literate did I start to actively manage my portfolio. Hope that helps. Thanks for your comment! 🙂

      Reply

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