Dividend Income May 2018 Increased 869% YoY

Well, here we are folks. This is the very first publication of my monthly dividend income. From now on I’ll be posting this information on a monthly basis to track my progress in reaching financial independence. Sharing this information publicly will motivate me even more to buy (new) dividend growth stocks and add them to my basket. I’ll be comparing my dividend income with the amount three months ago and the same month last year. Let’s roll!

The total amount of dividend income in the month of May was $153.68. In this month I got two raises for doing absolutely nothing more than in the month of February. Well, except for continuing to buy quality companies which have a nice streak of dividend increases. Apple increased their dividend with 16% and Tanger Factory Outlets paid me 2.2% more than last quarter. Tanger Factory Outlets became an official Dividend Aristocrat this month by paying a higher dividend than last year. That’s always nice for the statistics. Besides, in February I didn’t possess any stocks of Realty Income in contrary to the month of May. The dividend income was divided by:

Apple (AAP) – $16.06

CVS Caremark (CVS) – $2.00

Realty Income (O) – $3.72

Omega Healthcare (OHI) – $66.00

Tanger Factory Outlets (SKT) – $22.40

AT&T (T) – $43.50

This totals to an amount of $153.68. My dividend income in the month of February was $144.88 so that’s a very welcome increase of 6.1%.

My passive income in the month of May last year was $15.86 so that’s an increase of 869%. Say WHUT? Yes, a 869% increase! The difference comes from loading up the truck with various REIT stocks which have traded at very low valuations last year. This lead to very high dividend yields. REIT stocks have climbed out of the valley lows last weeks. If prices continue to increase; I’m good with that. In case of another price decline I may add to my position of Realty Income and Tanger Factory Outlets. So, according to me, there isn’t really a bad case scenario. During the month of May I also benefited from my nice position in AT&T which I’ve been building up quite conscientiously the last twelve months. The share price of this beaten down stock still looks very appealing.

This leads to the next graph:


I already collected $636.10 this year whereas my total dividend income in 2017 was $827.81. We’re still in the first half year of 2018 so this looks very promising. As you can see I’m moving forward, every year, every month, and with every addition to my stock portfolio. That’s a good feeling. And, we’re already off for the month of June.

I’m very curious how you did this month. Please share your progress and insights.