The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. December was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat without a single raise, my passive income stream will continue to grow.
As 2016 came in, it will be interesting for me to quantify the increasing dividends from a number of my holdings as for the last several months I have simply been adding to my existing positions rather than initiate new ones. The way I see it, the homework has already been done on my end when I decided to make a particular purchase in the first place and there are at least half a dozen companies that have fallen on hard times which has been reflected in their stock prices that I’d like to continue adding fresh capital to. Has any of their businesses fundamentally changed? Not really, which is why I feel comfortable adding to those holdings when most are selling. You already know the names, Caterpillar Inc. (CAT), Emerson Electric Co. (EMR), The Bank of Nova Scotia (BNS), The Toronto-Dominion Bank (TD) and more. If prices and value stay depressed for a while with the names mentioned as well as the names on my January 2016 Stock Considerations list, I may not be initiating any new holdings for some time. Of course, with all the market volatility we have been experiencing in 2015, new opportunities may arise that may just tempt me to initiate new positions.
With that being said, let’s take a look back at my December 2015 dividend income.
Dividend income from my taxable account totalled $397.78 up from $315.08 an increase of 26.2% from December of last year.
Dividend income from my ROTH account totalled $76.06 up from $71.71 an increase of 6.1% from this time last year.
Dividend income from my IRA account totalled $35.85 up from $0 from this time last year.
Grand total for the month of December: $509.69.
Grand total for 2015 dividends: $4,551.56 up from $2,954.87 an increase of 54.0% from 2014. You just have to love the very real results of dividend growth investing.
Year to date dividends: $3,291.84
Year to date dividends: $1,078.91
Year to date dividends: $180.81
Are any of these dividend stocks in your portfolio too? How was your December dividend income? Please let me know below.
Disclosure: Long all above