Come What May… A 90% Increase & A Record High 🥂

The month of May. Well, it wasn’t exactly the month of Theresa May. To say the least… But May was certainly a good month for me. Last month I wrote that a monthly dividend income higher than $200 seemed to be the new normal. In fact, I hope to touch the amount of $300 any time soon. That would be a huge milestone for me; just steamrolling forward 💪

Income numbers

For this month my total amount of dividend income was $291.38. As I wrote a record high and the fourth month in 2019 above the $200 threshold. Crossing the $300 barrier is well within reach, hopefully in August. I already notice the snowball effect taking place; every month I have more money to invest, because of the increasing number of stocks and higher dividend amounts per share.

Three companies paid me more than last quarter as a consequence of a raise. Apple (AAPL) increased its quarterly dividend from $0.73/share to $0.77/share, representing a 5.5% annual dividend increase. May included the first payment of $0.77/share. Good ol’ Realty Income (O) paid me $3.84, just a penny more than in February. Tanger Factory Outlets (SKT) paid me $0.355/share, which comes down to a 1.4% increase from prior dividend of $0.35. Delta Airlines (DAL) switched their month of pay date so that’s a bit of a cheat. They paid me $8.05 for this quarter.

The only business paying me more than a quarter ago because of a bigger position was CVS Caremark (CVS) which paid $17.00 (instead of $6.00). Here’s the breakdown:

Apple (AAPL) – $16.94

Abbvie (ABBV) – $18.19

CVS Caremark (CVS) – $17.00

Delta Airlines (DAL) – $8.05

Realty Income (O) – $3.84

Omega Healthcare (OHI) – $66.00

Starbucks (SBUX) – $16.92

Tanger Factory Outlets (SKT) – $51.83

AT&T (T) – $85.68

Texas Instruments (TXN) – $6.93

This makes the total amount of dividend income for this month a nice $291.38. My dividend income in February 2019 was $270.71 so that’s a small increase of 8% QoQ. My passive income for May 2018 was $153.68 so that’s an increase of 90% YoY. This means another high double-digit growth number, I love it! Here is the graph that shows all monthly dividends YTD as compared to last year:


Transactions during May

I bought 22 stocks of 3M (MMM) in only two weeks. I like this company very much; they have a streak of 61 years increasing their dividends. Including this transaction I now own 26 stocks for an average price of $172.44. My first stocks were bought at a price slightly above $192. I added to my small position in four different chunks:

9F141247-4E21-4C3A-8D08-892667F1DFA4Looking Forward

This is my fourth month with a dividend income above $200. And I’m already on my way to realize the target of getting my first dividend income of $300+ in 2019.

My stake in the tobacco industry has come under pressure again after Nielsen tracking data indicated that cigarette industry volume fell 11.2% in the 4-week period ending on May 18 to mark a deceleration from the -9.5% 12-week pace, according to Wells Fargo. Not a good sign, but I’m sure MO and PM will prosper eventually. MO looks very attractive again at these price levels.

I earned $1,178.93 in dividend income YTD. That’s a big number, imho. I collected this income number three months earlier than in 2018.

Please let me know which stocks you bought. Did you buy 3M (MMM)? Was May a good month in terms of dividend income numbers?

Thanks for reading.


The Snowball Keeps Rolling – April 2019 Dividend Growth of 92% YoY $$$

63C38821-0343-4305-A892-C5A2455C4134We’ve closed the first quarter of 2019. I’ve managed to update my blog the last weeks so I’m happy to write about the income numbers for April. The first quarter was very encouraging as growth rates went through the roof. I’m very curious for my progress in dividend numbers YoY and QoQ in April. The first month of each quarter has always been a strong month for me in terms of absolute numbers, but also percentage-wise. I’m very excited about several new positions so let’s find out whether these new stakes contributed to my dividend income in April.

The Numbers

My dividend income for 2019/04 was $258.53. In this month I got several raises as compared to the dividend payment three months ago. This month included another small dividend increase from Realty Income (O). April included my first dividend income from my new position in JP Morgan (JPM), $4.80 to be exactly. Also Leggett & Platt (LEG) contributed a very welcome $7.98. I bought “alotta” shares of Altria (MO) and Philip Morris (PM) during the end of 2018 which resulted in a dividend of $69.60 and $30.78 respectively. This sums up to:

Bank of Nova Scotia (BNS) – $29.07

Illinois Tool Works (ITW) – $6.00

JP Morgan (JPM) – $4.80

Kimco Realty (KIM) – $70.00

Leggett & Platt (LEG) – $7.98

Altria (MO) – $69.60

Realty Income (O) – $3.84

Philip Morris (PM) – $30.78

Ventas (VTR) – $36.46

This makes the total amount of dividend income for this month a nice $258.53. My dividend income for January 2019 was $216.63 so that’s an increase of a nice 19% QoQ. My passive income for the month of April in 2018 was $134.50 so that’s an increase of 92% YoY. That’s quite a growth rate! Here is the graph YTD:


Transactions during April

I bought 12 stocks of Abbvie (ABBV) for a price of $78.94. I like this stock for a market price below $80. Including this transaction I now own 29 stocks for an average price of $83.37. My first stocks were bought at a price around $92. That’s a nice 10% decrease by averaging down. I also bought my first 4 stocks of 3M (MMM) for a price of $192.14 after the big drop in price following its earnings report. At this price I still bought it at a P/E of 20 which is on the high side. Hopefully the price keeps swinging up and down the coming months so I can add to this position at an even more attractive valuation number.

Looking Forward

Another month above the $200 is in the books. I love this new normal. The focus on diversification seems to pay off. I’m less dependent of a small number of companies, especially REIT’s and the average dividend growth rate is increasing step by step.

CVS Caremark (CVS) was up 5% after their earnings report this week. The company is doing fine and the integration of Aetna seems to go smoothly. I increased my position in this company like many other members of the dividend investing community. Keeping a long-term focus is so important.

My stake in the tobacco industry has risen nicely with my buys in December and January. The FDA recently authorized the sale of the IQOS heated tobacco system in the U.S. market so that’s very beneficial for Altria (MO).

Please let me know which stocks you bought and whether April was a good month in terms of dividend income numbers. Thanks for reading.

Happy investing!

December 2018 – Again a month of growth, 12% YoY

I’m late with writing about my progress in dividend income. It’s already April 2019 and the last month I wrote about was November 2018. That seems like ages ago. My private life has been more turbulent so far than during 2018. But I do love writing about this stuff, so I’m eager to keep blogging. Anyway, today I’m writing about my progress in building up a dividend income during the month of December. It’s always nice to close a year of hard work and investing to see where we stand on our path to financial independence and early retirement. So, let’s hit it!

Income Numbers

The amount of dividend income for month 2018/12 was $131.95. In this month I got one small raise in dividend income from Realty Income (O) as compared to the dividend payment three months ago. “Slowly but surely” seems to sum this up pretty well. This was the only raise I got. So, to be honest, that’s a bit disappointing. But this month included my first dividend income by the companies Blackrock (BLK) and Stanley Black & Decker (SWK). I initiated a small position during the last months of 2018 and would love to build a bigger position. Hopefully, Mr. Market will freak out again because of growing market uncertainties like Brexit, trade wars between the USA, EU and China and signs of a coming recession. So my dividend income for the month of December was generated by:

Bank of America (BAC) – $5.85

Blackrock (BLK) – $9.39

Cummins (CMI) – $11.40

Emerson Electric (EMR) – $4.90

General Motors (GM) – $26.98

Norfolk Southern (NSC) – $4.80

Realty Income (O) – $3.75

Southern Company (SO) – $21.00

Stanley Black & Decker (SWK) – $7.92

Union Pacific (UNP) – $4.80

Exxon Mobil (XOM) – $31.16

Breakdown of Dividend Income YoY

My passive income in the month of December last year was $125.21 so that’s an increase of 5%. That’s on the low side for me, but this month has been lagging behind for a while now. The progress QoQ was a bit higher, just 7%.

The dividend income for the month of December leads to the next graph:

Transactions in December

I decided to sell my full position in General Motors (GM), because the dividend hadn’t been raised for a couple of years. I believe it’s still a good value play. But when stock prices declined so rapidly in December I decided to buy other stocks with this money. Here’s what I bought:

Looking Forward

In order to raise my dividend income for this month going forward I selected the companies Boeing (BA), Home Depot (HD), Johnson & Johnson (JNJ), Lockheed Martin (LMT), 3M (MMM) and Visa (V). They’re all on my watchlist “2019” and my watchlist “buys during the next recession”. Some of these candidates would also give me exposure to new industries and increase my weighted dividend growth rate. Lovely.

Dividend Income FY2018

With the month of December I collected a nice $1,793.09 during 2018. My total dividend income in 2017 was $827.81. That’s an increase of just less than 119%. Wow! Rock solid! This is very encouraging. And we’re already on our way for 2019. The increase in terms of percentages will decline with time, but the increae in dollar amounts will get larger and larger. Just as Sam Cooke sang in 1964, “Ain’t that good news?” 👍