Dividend Income Update February 2016

The beginning 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. February 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 still continue to grow.

 

Looking back at the month of February we have witnessed another month with extreme volatility in individual stock pricing as well as in various indexes. Of course, we all know that a direct result of volatility tends to be better buying opportunities and with the market rebounding from its February lows this was the case once again. With the February dividend results now in, I am happy, once again, to report a continuation of satisfactory year over year dividend growth. You just have to love the very real results of a dividend growth investing strategy.

 

With that being said, let’s take a look back at my February 2016 dividend income.

 

Dividend income from my taxable account totalled $241.34 up from $213.87 an increase of 12.8% from February of last year.

 

Dividend income from my ROTH account totalled $149.31 up from $45.03 an increase of 231.6% from this time last year.

 

Dividend income from my IRA account totalled $87.62 up from $0.00 from this time last year.

 

Grand total for the month of February: $478.27 an increase of 84.7% from February 2015.

 

Brokerage Account

Year to date dividends: $459.18

DateDescriptionSymbolAmount
02/01/2016DIVIDEND:GISGIS$32.06
02/05/2016DIVIDEND:BCRBCR$0.96
02/05/2016DIVIDEND:YUMYUM$26.53
02/08/2016DIVIDEND:APDAPD$31.83
02/12/2016DIVIDEND:CLXCLX$10.49
02/16/2016DIVIDEND:ABBVABBV$51.41
02/16/2016DIVIDEND:CLCL$6.58
02/16/2016DIVIDEND:ABTABT$14.35
02/16/2016DIVIDEND:PGPG$12.24
02/22/2016DIVIDEND:CATCAT$54.89
Total: $241.34

ROTH Account

Year to date dividends: $262.68

DateDescriptionSymbolAmount
02/02/2016DIVIDEND:TDTD$60.61
02/05/2016DIVIDEND:YUMYUM$7.73
02/16/2016DIVIDEND:PGPG$7.22
02/22/2016DIVIDEND:CATCAT$34.54
02/25/2016DIVIDEND:RYRY$39.21
Total: $149.31

IRA Account

Year to date dividends: $87.62

DateDescriptionSymbolAmount
02/22/2016DIVIDEND:HCNHCN$46.00
02/23/2016DIVIDEND:HCPHCP$41.62
Total: $87.62

Are any of these dividend stocks in your portfolio too? How was your February dividend income? Please let me know below.

 

Disclosure: Long all above

71 thoughts on “Dividend Income Update February 2016

  1. Great stuff DH. The awesome thing about DGI is that you get excited for the volatility because of the buying opportunities and the dividends that continue to roll in and get increased reinforces the strategy and your commitment.

    Nearly $500 for the month is awesome. We own a few similar companies but there’s several that I see here that I’d love to add to my portfolio as well.
    JC @ Passive-Income-Pursuit recently posted…Dividend Growth Investing at Work – Higher Dividends from Our Neighbor to the NorthMy Profile

    • Hi JC,

      Look at the recent market swoons (volatility) in the last couple of years. Each time we saw dramatic declines it simply translated into good buying opportunities. As long as I can average down on stocks that I still believe in long term I’ll continue to do so and as you stated watch the dividend income continue to roll in. February was a healthy month for total dividend income as those Canadian banks really started to make a difference in my ROTH passive income. Thank you for stopping by and commenting.

    • Hi IS,

      Thank you for your continued support. Slowly but surely that passive income is rolling in and growing at a nice clip. My next long term goal for dividend income is to average $1K a month. Still a while to go before I get there but every month brings me one step closer. Thank you for your comment.

    • Hi GK,

      Thank you for your kind words and support. No complaints on my end for my February totals. As you stated, “keep that snow ball rolling.” Thank you for stopping by.

    • Hi ambertree,

      One of the great things about being a dividend growth investor is seeing your passive income stream grow year in and year out. Portfolio values may rise and fall on a day to day basis but dividend income tends to be a lot more stable, reliable and consistent. I appreciate your comment.

    • Hi ODOT,

      No one will ever complain about getting a raise. Especially, when it’s given to you without any additional effort on your part. Thank you for your continued support and comment.

  2. Keep it up Keith. The progress is only climbing higher and it feels great! All solid companies! Great quality stream you got going on there bud. Don’t stop the hustle and keep up the great work. Let’s continue marching forward together. Cheers bud.

    • Hi DH,

      Watching dividend income rise every month on a year over year basis is certainly inspiring and definitely keeping me on track to continue adding high quality dividend payers to my portfolio. Thank you for your continued support and inspiration as well. Let’s march on in March.

    • Hi DB,

      I’ll be a happy guy as long as I can continue to show these great year over year increases. No doubt my Canadian banks in my ROTH have contributed quite nicely to my monthly totals. As long as I can continue to add to those banks at great value and yield I will, which will only push my ROTH dividends further along. Thank you for stopping by and commenting.

  3. DivHut,

    Your ROTH is rolling forward FAST! It’s great to see the YOY growth of your portfolio really taking shape. I do however have a question. Moving forward, do you think you’ll try to buy in to a large position in oil while its low or do you plan to stay where you’re at?

    -Dividend Monster
    Dividend Monster recently posted…Watch List: Wells FargoMy Profile

    • Hi DM,

      My ROTH has been powered by my Canadian banks. I have been nibbling on that sector for well over a year adding small chunks and continually averaging down which in turn has really boosted my ROTH income. To answer your question about oil, I still do not plan to add any to my portfolio at this time. I’m not against the sector as I have several energy names on my watch list that I’d consider buying it’s just that I prefer to focus on my current holdings for now. I think I’m the only DGI blogger that does not have one single energy name in any portfolio, which has served me well the last two years but does not make me prescient. I do like my sleep and the oil patch is a bit too volatile for my liking at this time. As always, I appreciate your comment.

    • Hi IH,

      It was a nice surprise to see how February turned out. Of course, most of my dividend mojo came from a jump in ROTH account dividends. Those Canadian banks are really helping boost my passive income. Thank you for your kind words and comment.

        • Hi IH,

          Sure… I’ll gladly tout their resilience as their official spokesman. Can you blame me for liking them so much? I know no company is 100% perfect and may falter at any time but you have to admit that Canada and its banks are facing some serious economic headwinds from several different fronts yet each continue to pay and raise their dividends during these tough times. To me that speaks volumes. Of course, I know dividends are never guaranteed which is why I’m spread out among three different Canadian and one American bank.

      • Hi Jack,

        All in time you’ll experience a faster growing passive income stream. Just don’t give up and stay consistent with your investments. Make buys every month no matter the market conditions. Stick to safe and sustainable yields instead of the high yield fantasy payers out there, diversify and you’ll be just fine. Thank you for stopping by and commenting.

    • Hi Tawcan,

      Thank you for your continued support. That was a healthy year over year jump for sure. I don’t expect these crazy numbers every month going forward but it’s nice to see when it does happen. Thank you for your comment.

    • Hi Vivianne,

      Thank you. I think you should report all passive income. After all, it’s your money. Thank you for stopping by.

    • Hi Chris,

      While I don’t expect to see that high of a year over year growth every month, it’s still nice to see when it does come. The passive income in February can no doubt take a good bite out of anyone’s monthly living expense. Think of all the food that could buy, pay for utilities, car payment, etc. Step by step and bit by bit it’s fun watching that dividend income grow. Thank you for stopping by and commenting.

  4. DH,

    Wow. Incredible YOY dividend growth there. Almost $500 is some serious income, and that goes a long way when reinvesting back into those high-quality dividend growth stocks. πŸ™‚

    Keep up the great work!

    Cheers.

    • Hi JF,

      You said it. That’s real income no matter how you look at it. It can totally pay for many small monthly expenses right now or in my case all get put right back in and reinvested. The snowball continues to grow. As always, I appreciate your comment.

    • Hi divorcedff,

      I totally agree with you. You know the saying that dividends cannot be faked. These are real tangible results which is why I love being a dividend growth investor. It’s passive income that you can choose to do whatever you wish. Reinvest it, spend it, live off of it, etc. For now, it goes back into that growing snowball πŸ™‚ Thank you for commenting.

    • Hi easydividend,

      Thank you for your support. February was a very solid month for dividend income and as you can imagine I have been very happy with the results. Just goes to show that buying high quality dividend payers and raisers can allow you to grow an ever increasing passive income stream. Thank you for stopping by and commenting.

  5. A very productive dividend month, congrats Keith. The YOY increase is spectacular to say the least!
    Contrary to last month, we will be nowhere near your dividend income. Looking forward to March though, that is shaping up to be a winner for us.
    Team CF recently posted…February 2016 Cheesy IndexMy Profile

    • Hi TCF,

      Always appreciate your support and comments. I was very pleased with my February results as you can imagine. Just keep buying safe and sustainable dividends and you’ll see your dividend income grow as well. I don’t expect to put up these high year over year results every month but I’ll take it when I can get it. Thank you for stopping by.

    • Hi CIB,

      I am totally with you on that point. The day to day fluctuations of the market and stock prices are pretty meaningless when investing for a term measured in decades. Like you, I focus on growing my passive income stream rather than focusing on my overall portfolio value. Thank you for stopping by and your kind words.

    • Hi DG,

      Those Canadian banks are doing their part in my ROTH. Always nice to see triple digit year over year growth when you can get it. Another month under the belt another month closer to living off dividend income. Thank you for your comment.

    • Hi Luca,

      I was very pleased with my results. Slowly but surely every buy I make adds a little bit more to that passive income stream. To answer your question… both ROTH and IRA accounts are retirement accounts where your money can grow tax free or tax deferred. A ROTH account is created with money that has already been taxed therefore when you access your money at retirement you do not have to pay any taxes on it. An IRA account allows for your money to grow tax deferred meaning that as long as it’s in the IRA you do not pay taxes on any growth or income but when you access your money at retirement you pay taxes at that time based on your tax bracket. ROTH contributions cannot be deducted from your current year income taxes while IRA contributions can be. That’s the simple explanation. They basically both allow for faster growth and compounding because unlike a taxable account you do not pay taxes each year. Of course, there are other differences such as required minimum distributions and when you access your money and tax consequences if taken before age 59 1/2 but to keep things simple a ROTH account is a retirement account created with taxed money that grows tax free while an IRA is a retirement account created with untaxed dollars that grows tax deferred.

    • Hi Tristan,

      Pleased indeed. That’s the beauty of this strategy and using the magic of compounding to generate an ever larger income stream over time. That’s almost $500 being put to use right away for the next three months. You really have to love the power of this investing strategy. Thank you for stopping by and commenting.

  6. I’m relatively new to these kinds of blogs, but you’re right, the beginning of the month is really fun, seeing everyone post their respective dividend updates — it’s inspiring seeing all of the progress! Also seeing your own dividends grow (on avg) from month to month quickly becomes addicting. Anyway, looks like you had an awesome month. Thanks for posting this and keep up the great work!
    Andre recently posted…Around the Web #4My Profile

    • Hi Andre,

      The more you read and follow other dividend growth journeys online the more you will see the very real, tangible results that dividend income provides. Dividend paying stocks are like little cash machines spitting out money to you each quarter no matter what the market does. While dividends are never 100% guaranteed, they are a lot more stable, reliable and predictable than the whims of Mr. Market. Thank you for sharing your thoughts.

    • Hi DIS,

      The Canadian banks are doing most of the heavy lifting for my ROTH which is why I had this tremendous year over year growth in that account. I don’t expect to see this type of year over year growth every month especially as the portfolio will grow over time. As you already know, fresh capital, dividend raises and reinvestment will help grow that dividend snowball that much faster. Thank you for stopping by and commenting.

    • Hi HHaWG,

      Thank you for the kind words. The power of dividend growth investing in real numbers. Markets rise and fall but dividends tend to be the stable, reliable and consistent element for any income oriented portfolio. Appreciate your comment.

    • Hi R2R,

      The race is definitely on. Happy to see you doing well on your end with your dividends. Just keep buying those sustainable yields and minimize the potential for dividend cuts and long term we’ll all be just fine. As always, I appreciate you stopping by.

  7. Huge month DivHut! That’s some impressive numbers for February, as it seems to be a slow month for dividend payers. Congrats on the YOY growth as well, as that shows your investing and compounding machine is running full force! Have a great weekend.

    • Hi SAD,

      The Canadian banks really boosted my February totals which will probably continue as I plan to add more to my TD, BNS and RY as I max out my ROTH contributions for 2016. Fresh capital, dividend raises and reinvestment are all doing their part to keep that compounding machine rolling. Thank you for commenting.

    • Hi MGUK,

      Thank you for the well wishes. February was a strong month by any measure. The Canadian banks really gave me the needed boost for the month but it’s important to realize that going forward dividend income should be more equalized as you don’t want to become too overly dependent on a few companies for your retirement income. Thank you for stopping by and commenting.

    • Hi DL,

      Close to the big $500 but not quite there. It’s fine by me. As long as I can put up decent to great year over year growth I know I’m headed in the right direction. Regarding your question, I like to place stocks in retirement accounts that can take advantage of being in those accounts. For example, Canadian stocks, such as my Canadian banks, are not subject to a 15% withholding tax when placed in a retirement account. Similarly, my health REITs can grow tax deferred in my IRA and compound faster since REIT distributions are taxed at a regular income rate. Hope this answers your question. Thank you for sharing your thoughts.

  8. Impressive YOY growth!

    I noticed you have some dividends coming in from your Roth and from a traditional IRA. Have you had any thoughts about paying the upfront taxes on a conversion into a Roth? Although I am many, many years from retirement, the lack of a required minimum distribution and ability to pass the Roth to heirs, really appeals to me.

    Scott
    Scott recently posted…February 2016 IncomeMy Profile

    • Hi Scott,

      As you can imagine, I am quite pleased with my year over year growth. It’s just further proof that I’m doing the right thing and headed in the right direction. To answer your question, I have considered doing an IRA to ROTH conversion. The only reason I have an IRA account is because it was set up a long time ago with funds already in it and I did not want to pay to convert. I have it on my agenda to talk to my accountant about doing a conversion and seeing if it makes sense at this time or not. Thank you for your comment and question.

    • Hi WS,

      While it would be nice if $500 could cover all my expenses, at this point it’s not possible. No worries… as long as I can continue to increase my passive income stream on a year over year basis I know I’m headed in the right direction. We’ll all get there eventually. Thank you for your comment.

  9. Hi Divhut,

    First of all, congrats on the massive $478 passive income in February. The 84.7% yoy increase is absolutely impressive. I always look forward to reading fellow DGI bloggers’ dividend income posts. It is very encouraging to tune out the noise of the daily price fluctuations and focus on the growth of passive income streams on a monthly basis. I’m also a big fan of Canadian bank stocks and I’m a fellow shareholder in RY, TD and BNS. These companies offer a lot for dividend investors and have some rather lengthy dividend payment streaks, attractive yields and healthy dividend growth. I will also be looking to add more to these holdings in the coming months when I can average down. Keep up the great work! Cheers
    Dividendniche recently posted…Dividend Income Update FebruaryMy Profile

    • Hi Dividendniche,

      Tuning out the noise can sometimes be the most difficult part of being an investor. It’s amazing how reading an article online or watching the talking heads can influence your investment decisions. For me, I’m all about focusing on growing that passive income stream and as long as I can put up impressive year over year growth rates I know that I am doing the right thing. With a third of March gone I still have not made a buy for the month but it increasingly looks like I’ll be adding to a Canadian bank barring some new opportunity courtesy of Mr. Market. Happy to be a fellow shareholder with you in RY, TD and BNS. As always, I appreciate your comment.

  10. Hi DH, nice results for the month of february almost $500 and year over year growth of 84% is just amazing.
    The numbers definitely show the power of a dividend growth strategy. While my year over year growth and income is lower the important thing to focus on is the growth. Looking forward to your future reports thanks for sharing.
    Dividend Force recently posted…February 2016 Dividend IncomeMy Profile

    • Hi DF,

      Thank you for your continued support. As you stated, it’s really all about the growth. As long as you can see improvements in your year over year numbers you know you are doing the right thing and headed in the right direction. That’s the only thing I want to continue to see with each month’s report. Thank you for stopping by and commenting.

  11. DH,

    Great stuff here on the site I bookmarked it! Passive income via dividend investing takes time but your portfolio is proof of concept!
    Thanks for your comments on my post.

    • Hi KD,

      Thank you for your kind words regarding DivHut. Much appreciated. Time is the single best ally for any long term dividend growth investor and as long as you can create a portfolio that provides you with consistent year over year gains you are doing something right. Thank you for commenting.

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