Once again, I’m a bit behind with writing for this blog. Most of my time and energy went into my new job since October 1st. However, I’ve been watching the market closely during the last months. So with October, the last quarter sets in and we get a good idea of our annual progress in getting financial independent. It’s an exciting time to be a dividend growth investor. Valuations are through the roof and the most recent dividend growth numbers of many companies are lower than previous years. Once again, it all comes down to a thoughtful plan, sticking to it, and considering your progress towards attaining your goals. Let’s start right away!
My total dividend income for the month of October was $285.54. In this month I got several raises as compared to the dividend amounts in July. October included the usual small dividend increase of Realty Income (O), but also a 7% raise by Illinois Tool Works (ITW), a 12.5% higher dividend of JP Morgan (JPM), a 5% increase by Altria (MO) and a 2.6% dividend hike by Philip Morris (PM). My dividend income from my position in Altria (MO) also increased because of a larger position. This sums up to:
Bank of Nova Scotia (BNS) – $30.93
Iron Mountain (IRM) – $11.00
Illinois Tool Works (ITW) – $6.42
JP Morgan (JPM) – $5.40
Kimco Realty (KIM) – $70.00
Leggett & Platt (LEG) – $8.40
Altria (MO) – $81.48
Realty Income (O) – $3.86
Philip Morris (PM) – $31.59
Ventas (VTR) – $36.46
This makes the total amount of dividend income for October a nice $285.54. Just slightly below the $300 threshold. My dividend income for July 2019 was $275.02 so that’s an increase of a very small 4% QoQ. The total dividend for October 2018 was $166.05, so that’s an increase of 72% YoY. Just like I want to see it! Here is the graph YTD:
Transactions during October
This month I sold my small position in Emerson Electric (EMR). This led to a 51% gain excluding a 4% annual dividend over 4 years. Let’s say, a gain of 65% in total. The dividend increases have been disappointing over this time frame. I think the company doensn’t have an unique position compared to their competitors. With this money I increased my position in Tanger Factory Outlets (SKT) with 29 stocks for $16.22 per share. I also bought an additional 14 stocks of Altria (MO) for a trading price of $46.12.
My total dividend income YTD is $2,416.79. I consider this an unreal number compared to where I came from three years ago. The snowball is getting shape here. I would love to close this year passing the number of $3,000. How awesome would that be!
Please let me know which stocks you bought and whether October was a good month in terms of dividend income numbers. Thanks for reading.