It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios.
Without rehashing the wild ride we experienced in the market last few months, I could find comfort in one thing, my dividends (even with those cuts). As we all know, the market may move up and down irrationally and seemingly on a whim while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quality (free cash flow, EPS, debt and payout ratios). Forget chasing the high yield unicorns and focus on the boring lower yielding but sustainable dividends. In the long run you’ll be better off. With that being said, let’s take a look at my February 2019 dividend totals.
Dividend income from my taxable account totaled $446.50 up from $330.66 an increase of 35.0% from February of last year.
Dividend income from my ROTH account totaled $258.35 up from $223.13 an increase of 15.8% from this time last year.
Dividend income from my IRA account totaled $179.92 up from $104.80 from this time last year, an increase of 71.7%.
Grand total for the month of February dividends: $884.77 an increase of 34.3% from February 2018.
Brokerage Account
Year to date dividends: $751.46
| Date | Description | Amount $ |
|---|---|---|
| 02/01/19 | GENERAL MILLS INC CASH DIV ON 113 SHS REC 01/10/19 PAY 02/01... | 55.37 |
| 02/01/19 | AT&T INC CASH DIV ON 63 SHS REC 01/10/19 PAY 02/01/19 | 32.13 |
| 02/08/19 | CLOROX CO CASH DIV ON 17 SHS REC 01/23/19 PAY 02/08/19 | 16.32 |
| 02/11/19 | AIR PRODUCTS & CHEMICALS INC CASH DIV ON 41 SHS REC 01/02/19... | 45.10 |
| 02/15/19 | PROCTER & GAMBLE CO CASH DIV ON 28 SHS REC 01/18/19 PAY 02/1... | 20.08 |
| 02/15/19 | HORMEL FOODS CORP CASH DIV ON 86 SHS REC 01/14/19 PAY 02/15/... | 18.06 |
| 02/15/19 | COLGATE PALMOLIVE COMPANY CASH DIV ON 18 SHS REC 01/23/19 PA... | 7.56 |
| 02/15/19 | ABBVIE INC CASH DIV ON 150 SHS REC 01/15/19 PAY 02/15/19 | 160.50 |
| 02/15/19 | ABBOTT LABORATORIES CASH DIV ON 79 SHS REC 01/15/19 PAY 02/1... | 25.28 |
| 02/20/19 | CATERPILLAR INC CASH DIV ON 75 SHS REC 01/22/19 PAY 02/20/19 | 64.50 |
| 02/26/19 | VERSUM MATERIALS INC COM CASH DIV ON 20.04723 SHS | 1.60 |
| Total: $446.50 |
ROTH Account
Year to date dividends: $405.18
| Date | Description | Amount $ |
|---|---|---|
| 02/01/19 | ***TORONTO-DOMINION BANK CASH DIV ON 179 SHS REC 01/11/19 PA... | 91.20 |
| 02/01/19 | GENERAL MILLS INC CASH DIV ON 56 SHS REC 01/10/19 PAY 02/01/... | 27.44 |
| 02/15/19 | PROCTER & GAMBLE CO CASH DIV ON 11 SHS REC 01/18/19 PAY 02/1... | 7.89 |
| 02/15/19 | HORMEL FOODS CORP CASH DIV ON 9 SHS REC 01/14/19 PAY 02/15/1... | 1.89 |
| 02/15/19 | ABBVIE INC CASH DIV ON 5 SHS REC 01/15/19 PAY 02/15/19 | 5.35 |
| 02/20/19 | CATERPILLAR INC CASH DIV ON 65 SHS REC 01/22/19 PAY 02/20/19 | 55.90 |
| 02/22/19 | STARBUCKS CORP CASH DIV ON 7.03747 SHS REC 02/07/19 PAY 02/2... | 2.53 |
| 02/25/19 | ***ROYAL BANK OF CANADA CASH DIV ON 89 SHS REC 01/25/19 PAY ... | 66.15 |
| Total: $258.35 |
IRA Account
Year to date dividends: $248.28
| Date | Description | Amount $ |
|---|---|---|
| 02/28/19 | WELLTOWER INC COMMON STOCK CASH DIV ON 77.95934 SHS | 67.82 |
| 02/28/19 | SABRA HEALTH CARE REIT INC CASH DIV ON 97.22456 SHS REC 02/1... | 43.75 |
| 02/28/19 | LTC PROPERTIES INC CASH DIV ON 30.38406 SHS REC 02/20/19 PAY... | 5.77 |
| 02/28/19 | HCP INC CASH DIV ON 169.14029 SHS REC 02/19/19 PAY 02/28/19 | 62.58 |
| Total: $179.92 |
I have to say I’m quite pleased with my February totals. While I’m always happy seeing any year over year increase in my portfolio, seeing a solid double digit gain just keeps me motivated to do more of the same which is hang in there, stick with my plan, no panic selling and enjoy the ride and volatility knowing that my dividends are my stabilizing force.
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
Good job. Lots of good companies. We share 3 companies. Keep it up.
Doug recently posted…February Dividends
Hi Doug,
Thank you for those kind words and continued support. I will keep it up indeed 🙂
Nice to see some steady and rising income flowing in, DivHut. Anything in particular look enticing in the market these days?
R2R
Hi R2R,
Slow and steady always seems to win the long term race. I still like ABBV under $80 and MO under $60. We’ll see what April brings.
DH –
Can’t wait for next year to be over $1,100+. You’ve got this.
-Lanny
Hi DD,
In time, in time. You know me, I just buy every month, reinvest, repeat. I know four digits are in my future 🙂
Nice month DH! Super strong YOY growth too! Congrats! 🙂
My Dividend Dynasty recently posted…February 2019 Dividend Income
Hi MDD,
Thanks for your continued support. I was quite happy to see my February totals. Now on to March!
Inching up towards $1k Keith! And that 30%+ increase is solid too. We’re slowly making progress but should hopefully get back to more consistent progress later this year. A quick glance and it looks like we’ve got 10 companies in common for March payers. I’m thinking of looking into some of the Healthcare REITs and ABBV is one I need to look at too. That high yield, if sustainable, is a great start and just meager growth can make it a great investment.
JC recently posted…Dividend Increase | Ross Stores (ROST)
Hi JC,
There are a lot of great names in the health space. ABBV under $80 still looks good to me. My IRA is full of health REITs. I am looking at adding a few other REITs too one day. Names like DOC, HTA and MPW come to mind. In the meantime, I need to plan my April buy(s). Keep it going!
“Forget chasing the high yield unicorns and focus on the boring lower yielding but sustainable dividends”. Loved that one! That is also the reason why I shifted my focus a bit towards stocks that have good prospects to maintain a growing dividend. Sometimes it means accepting a lower yield, which is ok for me.
-SF
Hi Snugfortune,
It may be slower and more boring to invest in low yielding dividends that have long term growth prospects than a stock that offers double digit yields but over the long haul it is a safer approach. It’s how I built my portfolio over a decade. Besides, there are plenty of 4%, 5% and 6% yields out there from well known dividend payers.
Hey Keith,
Great totals in a month that is the most challenging for my income. You are earning from quite a few companies that I would love to have in my portfolio; GIS, CLX, and ABT have long been on my radar. Having added to ABBV twice recently, I think the next move is to round it out with ABT.
Take care,
Ryan
Get Rich Brothers recently posted…Ten Years From The Market Bottom
Hi GRB,
ABT and ABBV go hand in hand. My ABBV has grown to be quite large and like you I think I may nee to round it out with more ABT to balance things a bit. Of course, seeing ABBV under $80 with a solid yield makes it tough to ignore. As always, I appreciate your comment.
Keith,
34% growth considering your final totals… boss stuff.
– Gremlin
Hi DG,
Thanks! It’s all about those consistent monthly buys. Buying, dripping and no panic selling even when a cut hits my portfolio.
just awesome Keith
That yr over yr growth rate is stellar!
We share a couple names td, pg, abbvie and general mills.
keep it up man
Great to see
cheers
Passivecanadianincome recently posted…February 2019 – Passive Income Update
Hi Passivecanadianincome,
It’s all about building that passive income stream one stock, one share, one buy at a time. Individually, with each purchase not much changes with our income stream but over time those “small” buys add up to something quite large, especially with reinvestment and raises.
Fantastic results and growth! You’ve got some great companies there with some quite impressive payouts as well. Looks like we share 8 companies from this batch.
DivvyDad recently posted…Dividend Income Report :: January 2019
Hi DD,
As always I appreciate your comment and continued support. Nice to see we share quite a few names too for the month. Keep building that passive income!
34% YoY is awesome. How do you achieve it?
DSFI recently posted…Dividend Income | February 2019 | $173.07
Hi DSFI,
I reinvest all my dividends automatically and make sure I make at least one stock buy every single month no matter what is going on in the market or the world. Consistency is key to maintaining a year over year growth rate even if you hold some stocks that cut their payments like GE or KHC for example.
Nice work – a 34% YoY increase would make anyone grin. I’ve noticed that ABBV has been a popular stock among the DGI community in recent months and appears to be quite the heavyweight for your dividend income in February, representing ~18% of the monthly dividend income. CAT appears to carry some weight too. Keep it up!
Hi PIV,
Certain stocks definitely carry more heft than others in terms of income production. It’s OK for now but once I’ll come to depend on my passive income I’d like it to be more evenly spread out just in case of a cut or elimination. In the meantime, I’ll be happy to post these types of gains.
Nice job, DivHut! 34% increase is awesome! I’ve noticed ABBV being popular too…I’ve been gone for a bit but will have to look into that one. I love the biotech companies. Gilead and Amgen are among my largest holdings.
Scott
Two Investing recently posted…I’m back!
Hi TI,
I hold all three names you mention, ABBV, GILD and AMGN though the last two are rather small portions of my portfolio. As long as I can put up year over year gains each month I know I’m headed in the right direction.
An outstanding YoY increase, DivHut! Those Canadian banks, ABBV and CAT are delivering hefty amounts.
Progress like you’ve had will get you to your destination in no time.
Looks like we shared 5 dividend payers in February.
Engineering Dividends recently posted…Monthly Dividend Income (Feb. 2019)
Hi ED,
Those are my big positions. I think I need to focus on some other stocks to level out my passive income stream. I don’t want to rely too much on just a handful of names for my income once I will come to depend on it.
Hey Kieth,
Great results from February, very inspiring!
Cheers,
Samuel
Samuel recently posted…Best Landing Page Builder 2019 – Builderall’s Responsive Website Builder
Hi Samuel,
Thank you for those kind words. Passive income is the best income.