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 so far this year, I could find comfort in one thing, my dividends. 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 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 2017 dividend totals.
Dividend income from my taxable account totaled $281.33 up from $241.34 an increase of 16.6% from February of last year.
Dividend income from my ROTH account totaled $189.71 up from $149.31 an increase of 27.1% from this time last year.
Dividend income from my IRA account totaled $49.01 down from $87.62, a year over year decrease of -44.1%.
Grand total for the month of February: $520.05 an increase of 8.7% from February 2016.
Brokerage Account
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 02/01/2017 | DIVIDEND:GIS | GIS | $38.44 |
| 02/03/2017 | DIVIDEND:BCR | BCR | $1.04 |
| 02/03/2017 | DIVIDEND:YUM | YUM | $17.75 |
| 02/10/2017 | DIVIDEND:CLX | CLX | $11.17 |
| 02/13/2017 | DIVIDEND:APD | APD | $34.61 |
| 02/15/2017 | DIVIDEND:CL | CL | $6.91 |
| 02/15/2017 | DIVIDEND:ABBV | ABBV | $80.76 |
| 02/15/2017 | DIVIDEND:ABT | ABT | $20.75 |
| 02/15/2017 | DIVIDEND:PG | PG | $12.76 |
| 02/21/2017 | DIVIDEND:CAT | CAT | $57.14 |
| Total: $281.33 |
ROTH Account
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 02/01/2017 | DIVIDEND:TD | TD | $73.04 |
| 02/03/2017 | DIVIDEND:YUM | YUM | $5.17 |
| 02/15/2017 | DIVIDEND:PG | PG | $7.53 |
| 02/21/2017 | DIVIDEND:CAT | CAT | $49.50 |
| 02/27/2017 | DIVIDEND:RY | RY | $54.47 |
| Total: $189.71 |
IRA Account
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 02/21/2017 | DIVIDEND:HCN | HCN | $49.01 |
| Total: $49.01 |
I have to say I’m quite pleased with my February totals. Who can complain about an 8.7% year over year increase even when companies change their monthly dividend distribution schedule as was the case with HCP not paying this month. The proof of our dividend investing strategy rests in these real results. After all, dividends don’t lie. It’s real cash being returned to investors. With patience and consistency these results and better can be achieved.
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
I had a greatmonth too. Best February ever (first February dividend income) also a 29% increase compared to last November. I only own ABBV of you list of stocks.
Dividend Dolphin recently posted…Dividend income February 2017
Hi DD,
Congrats on your best for February dividend income. Just stay invested in the market and don’t sweat the bumps along the way. If anything, those bumps are the best times to accumulate shares. Happy to be a fellow ABBV shareholder with you. Thank you for commenting.
That’s a great month Keith. Over $500 is awesome. We have 6 holdings in common but there’s several that you own such as CLX and CL that I’d like to add. Maybe ABT as well. I’m looking forward to seeing what March has in store for all of our portfolios. I know I’m ready to put up a huge number. All the best.
JC recently posted…Lowe’s: A Total Return Candidate For The DGI
Hi JC,
I always appreciate your continued support. No complaints from me reaching over $500 in passive income. That certainly pays a lot of my small monthly expenses. I always love to hear about common stocks between my portfolio and others. I’d love to buy more CL and CLX, one day, but not at current levels. Keep up the good work on your end. Thank you for stopping by and commenting.
Did you do the IRA conversion? to Roth I see the 50% decrease on the income. I followed your blog but I don’t remember you mentioned the conversion. Any secrets you’re hiding Mister? ehhehe
hehe, My dividend income decrease quite significantly YOY, because of the allocation to the real estate. But my passive income increase significantly, more like 10x. I couldn’t be more pleased with the result.
vivianne recently posted…February Passive Income
Hi vivianne,
Not hiding anything here 🙂 though I have thought about that IRA to ROTH conversion. I have to talk to my accountant about that. I mentioned the reason for the decline in my IRA in the post. It was because HCP changed its payout schedule. Nothing to concern me with. It happened to me last month too when KHC changed their payout schedule. These changes certainly affect the monthly year over year results but as long as my annual total climbs higher I’ll be happy. Keep building and growing whether with dividend paying stocks, real estate or any other form of income producing asset. As always, I appreciate your comment.
Hey Keith,
Congrats on the 8.7% increase. It’s definitely reassuring to see that passive income roll in at a higher rate then last year. The only one I shared with you was ABBV. I’m looking at adding GIS to my portfolio this year though.
Hi DD,
The name of the game, or challenge, or whatever you want to call it with dividend growth investing is be able to consistently put up year over year gains no matter how large or small they may be. By continually growing your passive income stream you can be assured of a brighter financial future. Happy to be a fellow ABBV shareholder with you. I like that name a lot long term! Thank you for sharing your thoughts.
Very nice totals here. You’ve done well this month. I hope one day my portfolio can produce some nice income like this. Cheers
Buy, Hold Long recently posted…Net Worth Update – February 2017
Hi BHL,
I appreciate those kind words about my results and with time, patience and consistent investing I am positive you will be generating this type of income and more. DGI is a marathon and not a sprint. I think many forget that along way and seek a quicker means to generate meaningful income. Thank you for commenting.
Great month. Can’t argue with that passive income growth. I own a few of the same companies so it’s nice to see them paying and working for other members of the community as well. I would love to add more GIS to my portfolio in the future. Keep up the good work, and thanks for sharing.
Dividend Daze recently posted…Dividend Update – February
Hi DD,
You said it, “Can’t argue with that passive income growth.” That’s the truth. Dividends are real, tangible cash being returned to shareholders that’s easily measured and quantified over time. What’s not to like about seeing more and more money coming your way in a passive manner? I still like GIS and if it goes below $60 I think I’ll be adding to that name as well. As always, I appreciate your comment.
Awesome job and bringing in big bucks in an off month.
We share nothing this month. But I’ve been looking at a few of those stocks
Doug recently posted…NRZ BUY
Hi Doug,
Thank you for your continued encouragement and support. As you can imagine, I was quite pleased with my February totals. Hope to see some common names paying us both in the future. Thank you for stopping by and commenting.
That is a great collection of dividend stocks and congrats on the 8.7% dividend raise. And over $500 a month, that is half way to 4 digits. Keep it up.
DividendMonkey recently posted…Amazing Dividend Income for February 2017
Hi DM,
The elusive four digit month 🙂 It’s one of my longer term goals to average four digits every month ($12k a year) and, of course, grow from there. One step at a time. I have been doing this for many, many years and am pleased with my slow and steady progress. Thank you for your kind words and support.
Well done sir!
dividendgeek recently posted…Fintech: Silicon Valley Takes On Wall Street
Hi dividendgeek,
Thank you very much! Appreciate the support.
Hi Divhut,
again nice performance!! More than 500 USD in dividend income is already very impressive.
Keep up the good work!!
Hi DI,
For a middle of the quarter month, earning over $500 is definitely a welcome figure. No question I’m on the slow and steady route for increasing my passive income stream, but that’s just how I like it. As always, I appreciate your comment.
Nice increase, given the shift in payment. There should be a law firm that, no? 🙂
ambertree recently posted…New high in passive income
Hi ambertree,
Shifting dividend payments happen from time to time. Nothing you can really do as a small shareholder about that. It’s all good though. I always say that as long as my annual totals keep rising year over year I’ll be happy. Thank you for your comment and continued support.
Great month Keith. Haven’t tallied our dividend income for Feb yet, probably will be close to $1,100 range.
Tawcan recently posted…More Random Thoughts
Hi Tawcan,
As you can imagine I was quite pleased with my February totals. Can’t complain about bringing in over $500 passively. That can pay many of my current smaller monthly bills easily. Look forward to reading your February results. Four digits is a serious amount no matter how you look at it. Thank you for commenting.
Another solid month as well, DivHut. Congrats on the income and thanks for sharing
R2R
Roadmap2Retire recently posted…Top Dividend Raises & Cuts for February 2017
Hi R2R,
Always happy to share my dividend income results. That’s part of the fun of having this blog. Let’s keep the hustle going. So far 2017 has been off to a good start. Thank you for sharing your thoughts.
Hey keith, you badass, great month of February! You are really on a roll 🙂
Couple mutual names, need to up that a bit in the future.
Team CF recently posted…February 2017 Savings Rate
Hi TCF,
February came in at a pretty nice clip considering there was no HCP payment during the month. Just goes to show that having a nice mix of dividend paying stocks can always offset any schedule change or dividend reduction. As always, I appreciate your comment.
These are some great numbers and really make me hungry to reach your level! I am about 1/10th of that amount right now.
$500! You could retire in quite a number of countries already. 😀
MrDoublingDollars recently posted…Midland High School: A Prep School That Teaches Self-Reliance By Being Close To Nature
Hi MDD,
No doubt $500 is a very respectable sum that can go a long way outside the U.S. but also take care of some business here at home. It can cover my utilities, put gas in my car, pay for my cell phone, online access and more. With time, patience and consistent investing I am positive you will be generating this type of income and more. DGI is a marathon and not a sprint. Thank you for stopping by and commenting.
Good job DivHut. My Feb 2017 divs were lower than same month last year, but that’s because late last year, I traded out of one stock that has a sizable Feb payment schedule and bought another that pays in March and then quarterly. So, I expect a heavy March dividend flow compared to last year, sizably boosted by many recent purchase Dominion. Link has details.
Ten Factorial Rocks recently posted…Dividend Stock Purchase – An Example
Hi TFR,
Dividend income will shift from time to time on a monthly basis with those inevitable sells or changes to payout schedules but it doesn’t really matter as long as those annual totals march ever higher. Nice to see another fellow D shareholder. Look forward to following your results. Thank you for stopping by and commenting.
Love the Canadian Banks. I was nervous at first with them being foreign. Now I wish I pushed my whole stack on them. ;-). Solid dividend growth payers. Recently I just increased my stake in Enbridge as well. 90% of my portfolio is USA but I am now more open to Canada.
Hi TJ,
There’s a lot to like about the large Canadian banks. For now I hold three, TD, BNS and RY but still have on my watch list BMO and CM. Check out this post I wrote a while back highlighting these Canadian banks, “Canadian Century Club Dividend Stocks.” Canada offers up some very strong long term dividend payers and I think it’s worth a look to our northern neighbors. Long term I only really like two American banks, WFC and USB. Thank you for commenting.
I think the only dividend stock we share is PG. That’s ok, I’m excited to see how these continues to go!
Oh and I need to look more in the HCP thing, Thanks!
Wallet Squirrel recently posted…Income Report – February, 2017
Hi WS,
Sharing none, one or many stocks in any month just highlights to me the vast world of dividend paying stocks that exist. I think we can all learn a little something from each of our portfolios we see online and exchange ideas for buying or selling a particular stock. As always, I appreciate your comment.
Nice job 🙂 Yeah we hold some similar stuff, TD and RY since I have a lot of Canadian holdings. My US stuff is mostly in ETF’s so I wouldn’t be surprised if the rest of your holdings showed up in small percentages in their listings.
MrSLM recently posted…Financial Update – February 2017
Hi MSLM,
I always love reading about others holding the large Canadian banks in their portfolios. To me, they represent some of the most solid, well run institutions in the world. Of course, I qualify that statement with a grain of salt because these days it seems like every company has the opportunity to stumble from some ill advised “scheme.” Just look at WFC and CAT in recent times. I guess all you can do is stay diversified so no one impact can potentially destroy your whole portfolio. Thank you for sharing your thoughts.
DH –
What’s hilarious – the growth would have been even better with HCP, but similarly to mine – your March will be better. 8.7% is very strong, very consistent and I dig it. March will be some month for you, that’s for dang sure. Pumped for it.
-Lanny
Dividend Diplomats recently posted…Watching My Portfolio Cruise Past $100k
Hi DD,
January had the KHC shuffle, February had the HCP shift, who knows what’s in store for March. Bottom line, as long as my annual totals keep climbing I’ll be happy though it’s nice to see I was still able to put up a nice year over year gain for the month. Let’s keep the action going. Thank you for stopping by and commenting.
congratulations on another very good month!
Trying to keep up with your dividend income. Think I will need a few more months / years to keep up with you.
best regards
Chri
easydividend recently posted…Einnahmen Februar 2017
Hi easydividend,
Thank you for your kind words. I’m sure, in time, you too will have a portfolio like mine generating an ever increasing passive income stream. Just remember, there are no short cuts. It takes a lot of time and consistency to get these results and better. Just stick with the plan during market highs and lows. As always, I appreciate your thoughts.
Nice work Div, 500$ a month would be great. Congrats on your yr over yr gain!
Hi Passivecanadianincome,
Always appreciate the support. I’m quite pleased with my February totals and look forward to posting continued year over year gains every month. Thank you for commenting.
I’m quite impressed by your month too – really slow growth y/y and some strong holdings in there!
timeinthemarketblog recently posted…February dividend update
Hi timeinthemarketblog,
You know the saying, “slow and steady.” That’s pretty much the way I have been investing since I became a dedicated dividend growth investor. Slowly but surely my passive income stream continues to rise and seeing it just continues to encourage me along my own journey towards FI. Thank you for stopping by and sharing your thoughts.
Very impressive month especially in light of one of the dividend paying stocks changing their schedule. If you could get a 8.7% increase every year you would be set for life!!! Keep up the awesome work.
Mustard Seed Money recently posted…Why You Probably Need More Sleep
Hi MSM,
I know it’s exciting to post double digit year over year gains but your comment highlights the fact that even single digit dividend yearly gains can accumulate to a huge sum given enough time. Thank you for your kind words and continued support.
Awesome almost 9% increase! Even with HCP not paying out this month. Similar to you, my February dividend income was up from 2016 as well. Love watching how the growth just snowballs over time.
5-0 Finance recently posted…Comment on New Oversold Dividend Stock Purchase – Target by DivHut
Hi 5-0F,
As I have been commenting to others, there’s a lot to like about my February totals. You won’t hear any complaints from me about bringing over $500 passively along with posting a year over year growth rate. This update just highlights the beauty of a dividend growth strategy. Thank you for stopping by and commenting.
Well done. Great increase Y-O-Y. And to think you only had to own stocks to get the raise. Look forward to seeing your progress throughout the year. Kudos !
-Brian
Brian recently posted…February Dividends 2017
Hi Brian,
Thank you for those nice words about my progress. I still wonder why some people out there don’t see the long term merits of being a dividend growth investor. As you stated, getting paid to own stocks is really what it’s all about. As always, I appreciate your comment.
Great job DivHut. 8% is absolutely incredible compared to my 70% decrease. 😀
Dan recently posted…Passive Income Report: February 2017 (TERRIBLE!)
Hi Dan,
I guess you are right about that. I’ll take a year over year increase, no matter how small, versus a decline. As long as those declines are because of shifting payments (like HCP this month) or a selling a reallocation to another position you should still be fine long term. When you get a major decline in passive income because of dividend cuts or eliminations then it’s time to worry. Thank you for commenting.
Hi DivHut,
Congrats on an almost 10% year-on-year increase. Over $500 this month is awesome!
Just one question about the IRA – it’s listed in your summary as symbol “HCN” but you mention “HCP” in the article and comments above. Is this a typo?
Looks like you’re getting ready for a great finish to this first quarter!
Best wishes,
-DL
Dividend Life recently posted…Income Fund Update for February 2017
Hi DL,
Yes, my February totals came in at a nice clip. For a known “slow” month the passive income was pretty substantial and I was pleased with my results. I mentioned HCP because they usually pay in February but changed their distribution schedule which is why my IRA year over year totals were much lower. I only received a distribution from HCN in my IRA. No typo 🙂 Thank you for stopping by and commenting.
We share some of the same holdings, but I have a fraction of your shares (and income)! I like CAT but the huge run seems scary
Evan recently posted…Options Strategy – Understanding the Straddle
Hi Evan,
Always nice to share some common names with my fellow dividend investing peers. As you know it’s all a journey and DGI is a marathon and not a sprint. With time and patience your holdings will grow. I also like CAT a lot and plan to keep it for the foreseeable future but have no plans on adding to that stock at current levels. If a major decline occurs and it sports a 4% yield again it will catch my eye for sure. As always, I appreciate your comment.
Great Month. Love reading these at the start of every month.
My month was growing as well although not as I would have liked. I will luckily have an extra paycheck and tax return dollars going into March so I will far surpass my goals in dividend income this year.
Keep it up!
Save Splurge Deny Debt – Cameron recently posted…Warren Buffett Just told Everyone How to Invest
Hi SSDD,
Like you, I also enjoy reading these updates every month. While I don’t like how fast time goes by I do look forward to these reports. Planning on putting some of that refund money into dividend paying stocks? Why not? Sounds like a good plan to me and it will just help your snowball grow that much faster. Thank you for your continued support.
Wow those are some great results. Keep up the good work!
Hi MR,
Thank you for those kind words and encouragement. I appreciate the comment.
HCP is just changing the payout schedule, but not cutting or reducing the dividend, right?
Nice YOY increase… steady dividend growth is the way to go. We share a lot of the same companies in common. Good to know we both see value in the same companies. 🙂
Hi ACI,
That is correct. HCP just changed the timing of their distributions. Similar to what KHC pulled on us last month. Nice to read that we share quite a few names too for the month of February. Steady dividend growth is the name of the game. As always, I appreciate your comment.
Congrats DH on a nice growth close to 10%. This is awesome as there are few jobs out there where you get that sort of raise. Keep up the good work.
Hi R2R,
No complaints from me. Year over year growth is year over year growth and gaining close to 10% can appreciate into an amazing snowball given enough time to compound. Thank you for your continued support.
An 8 % YOY return is a great and if that continues when you reach FI, you can take more than 4% out. Good luck in March its going to be a great month on my end.
EL recently posted…How to Stop Financial Pride
Hi EL,
With every passing month that I can show a positive year over year growth rate I’m happy. It’s always fun seeing double digit growth but as you mentioned 8% is not too shabby. I know we are all looking forward to our March totals. Those end of quarter months are the most fun to report. Thank you for stopping by and commenting.
Nice increase Keith, a solid & dependable rise as always.
Tristan
Dividends Down Under recently posted…Dividend update: March 2017
Hi DDU,
February provided me with a modest year over year increase, yet, an increase nonetheless which always makes me happy. As long as I can continue to put up gains every month of the year I know I am headed in the right direction. We’ll see how March finished up. I plan to post my results in the coming days. Thank you for commenting.