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 January too much, 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 January dividend totals and see how 2016 started.
Dividend income from my taxable account totalled $217.84 up from $199.91 an increase of 9.0% from January of last year.
Dividend income from my ROTH account totalled $113.37 up from $74.38 an increase of 52.4% from this time last year.
Dividend income from my IRA account totalled $0.00 equal to $0.00 from this time last year.
Grand total for the month of January: $331.21 an increase of 20.8% from January 2015.
Brokerage Account
Year to date dividends: $217.84
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 01/05/2016 | DIVIDEND:CB | CB | $8.45 |
| 01/05/2016 | DIVIDEND:JCI | JCI | $19.43 |
| 01/05/2016 | DIVIDEND:KMB | KMB | $30.69 |
| 01/07/2016 | DIVIDEND:ITW | ITW | $30.64 |
| 01/07/2016 | DIVIDEND:PEP | PEP | $17.02 |
| 01/08/2016 | DIVIDEND:PM | PM | $37.92 |
| 01/14/2016 | DIVIDEND:MDLZ | MDLZ | $5.39 |
| 01/15/2016 | DIVIDEND:KHC | KHC | $31.73 |
| 01/25/2016 | DIVIDEND:GE | GE | $36.57 |
| Total: $217.84 |
ROTH Account
Year to date dividends: $113.37
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 01/05/2016 | DIVIDEND:KMB | KMB | $6.26 |
| 01/07/2016 | DIVIDEND:PEP | PEP | $10.69 |
| 01/08/2016 | DIVIDEND:PM | PM | $7.28 |
| 01/14/2016 | DIVIDEND:MDLZ | MDLZ | $7.28 |
| 01/15/2016 | DIVIDEND:KHC | KHC | $19.52 |
| 01/28/2016 | DIVIDEND:BNS | BNS | $62.34 |
| Total: $113.37 |
I have to say I’m quite pleased with how 2016 started off. Who can complain about a 20.8% year over year increase? 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 January dividend income? Please let me know below.
Disclosure: Long all above
Awesome awesome awesome! Great job DivHut getting that 20% year over year increase.
JC @ Passive-Income-Pursuit recently posted…Dividend Growth Investing at Work – 58 Years of Dividend Growth
Hi JC,
Thank you for your continued encouragement. No complaints coming from me. I’m more than happy with my year over year increase and look forward to seeing how the rest of 2016 will follow. Thank you for commenting.
Way to go DH. Any increase is a good increase in my book! It certainly was a rough month of January but the dividends rolled in like clockwork which is so refreshing. Also, a lot of high quality companies such as MMM just increased their dividends by a decent amount! Pay raises for not having to do any extra work is awesome! Keep up the good work my friend.
A lot of companies out there have fallen back quite a bit, just wish I had some capital to make some purchases!
americandividenddream recently posted…Dividend Income – January 2016 Update
Hi americandividenddream,
That’s the beauty of being a long term dividend growth investor, you remain focused on growing long term passive income rather than the day to day stock fluctuations that can drive a person insane. With all the ups and downs of January, the dividends continued to roll in like clockwork. Stick with the high quality names that have decent payout ratios like MMM as you mentioned and long term you should be just fine. Thank you for stopping by and commenting.
Keep it up Keith. Better and better. Good to greater. Thanks for sharing and keep pushing that snowball hard. Enjoy the ride my friend.
Hi DH,
Another month, another dividend hustle complete! These updates always put a smile on my face no matter what the market as a whole is doing. Thank you for your continued support.
Hey DH,
Sweet job on the 20% increase, man. That’s some solid results and you’re definitely heading in the right direction! Go hard.
DB
Dividend Beginner recently posted…January 2016 Dividend Income
Hi DB,
Thank you for your kind words. I’m still not sure why more people are not on board in building a passive income stream via dividends. Long term they tend to go in only one direction, up. As always, I appreciate your comment.
A 20% increase year-over-year is great, and should you be able to keep it up as your income grows, it will be even better, as your income will double every 3.5 years or so. We share BNS as a holding, and I’m looking to add capital at current prices.
Chris recently posted…January 2016 Passive Dividend Income
Hi Chris,
For a traditionally slow month for dividend income I cannot complain about my year over year increase. Slow and steady the passive income builds and grows. I’m still liking BNS, TD and RY as all have safe dividends that can continue to be paid with room for growth. It’s amazing how resilient these Canadian banks are considering the serious headwinds they are all facing. Thank you for stopping by and commenting.
DH,
20% is what I hope to have this year. Nice job nailing it the first month.
– Gremlin
Dividend Gremlin recently posted…January, Review / February, 2016 Preview
Hi DG,
It will be interesting to see what I average for the year in terms of year over year increases but having a 20% pay raise doesn’t sound too bad to me. Thank you for commenting.
Just awesome DivHut, 20% YOY growth is impressive. Looks like you’ve gotten a great start of 2016. Congrats.
Hi Tawcan,
Thank you for your kind words. 2016 definitely started off on the right foot considering all the turmoil in the markets these days. It sometimes feels as if the market is direction-less with triple digit losses one day and triple digit gains the next. One thing that has a consistent direction is our dividend income going up. Always appreciate your comment.
21% solid growth. Outstanding! All that free money every month. That will cover great amount of monthly expenses and eventually all of the monthly expenses sooner or later. Keep it up!
Cheers!
BeSmartRich
BeSmartRich recently posted…Jan 31, 2016 Net Worth Update: $142,759 (+$1,589, +1.1%)
Hi BSR,
That’s the name of the game. Have my dividends cover an ever increasing portion of my monthly expenses. I’m happy and excited with these results as you can imagine and look forward to seeing how 2016 unfolds in terms of total dividends received. Thank you for your comment and continued support.
Congrats DH for growing your earnings by 20%+. You got paid by total 15=(9+6) paychecks, awesome. I own several same companies in my portfolio. Keep racing towards FI.
Race2Retirement recently posted…Dividend Income Update – January 2016
Hi R2R,
Thank you for your kind words and continued support. Growing my year over year income by over 20% put a smile on my face but as you always say, “keep racing.” The race is far from over. A great start to 2016 and I’m excited to see how the rest of the year unfolds. As always, I appreciate your comment.
Nice job Divhut, it’s great to see your income has increased some much since last year! Who doesn’t love loads more free cash? The joys of being a shareholder. Good luck for February and the rest of the year 🙂
Tristan
Tristan @ Dividendsdownunder recently posted…Saving for the future: January
Hi Tristan,
Thank you for your kind words and continued support. Of course, everyone loves getting a raise, whether from dividend increases, compounding effects or simply buying more shares of quality companies. It truly is a joy to be a shareholder of so many quality companies. I’m excited to see how 2016 will unfold and will keep on my path of making monthly buys no matter what the market is doing. Thank you for commenting.
Holy Dividend, an almost 21 percent yoy increase, nice!
What percentage of your expenses is this monthly dividend income now covering?
Team CF recently posted…January 2016 Cheesy Index
Hi TCF,
These days when the market rises and falls on a whim it’s nice to know that my dividends remain stable, reliable and predictable. Increasing that passive income over 20% definitely provides that calm in the rough seas of the market.
To date, I do not keep strict accounts of how much my dividend income covers. I still have a way to go before it can cover all my expenses. The way I look at my passive income is to see what it can cover in any given month. For example, is my cel phone bill covered? Electricity, gas, food, etc. Perhaps one day when I include my income and expenses here I can give an accurate account. I can tell you that my long term goal is to have my dividend income cover my rent. It will be very comforting knowing that no matter what happens my family and I will have a roof over our heads. Thank you for stopping by and commenting.
Awesome year-over-year increase! We do only share GE, as you said. KMB is one that I’ve been wanting to buy for quite some time. It has always seemed a little on the expensive side, but maybe it is just one of those stocks that always commands a slight premium. I’ll have to investigate it more!
As far as PEP, it is a great company too, especially since it is diversified into snacks as well. However, this is probably not the correct way to invest, but I prefer Coca Cola’s beverages products so tend to gravitate towards that stock as well. I guess there is such a thing as brand loyalty! KO was also my first stock purchase at the age of 13.
Look forward to the next update!
Scott recently posted…January 2016 Income
Hi Scott,
KMB has been a long time holding of mine and yes, it always seems to be expensive. I have not added shares to that name in years but would certainly like to. The consumer staples rarely go on sale as with PEP and KO that you mention. Or, I guess just KO since you are loyal to that brand 🙂 All good. I tend to buy only products that I have shares in so I can understand where you are coming from. Let’s continue on our dividend growth journeys and have a great 2016 no matter what the market does. Thank you for sharing your thoughts.
Nice YOY dividend increase. Slow and steady wins the race. Dividends are so awesome; they pay even in down markets (well for the most part) it’s a bummer about the COP dividend cut today. Keep up the good work.
Investment Hunting recently posted…Stock Buy: Bank Of Nova Scotia
Hi IH,
Dividend growth is definitely a marathon and not a sprint. The slow and steady mantra certainly holds true here and kind of puts things into a long term perspective when short term we see wild market price gyrations. Dividends are there to stabilize a portfolio somewhat. I’m just happy that it’s producing an ever increasing passive income stream. As always, I appreciate your comment.
DivHut
Great dividend income for January and YoY increas.
Who can complain?? DGI in progress..
Keep the snowball rolling
Sharon – Divorcedff
divorcedff recently posted…Side Hustles – December 2015
Hi divorcedff,
Well, I won’t complain about my dividend income and year over year growth. These are the benefits of being a long term dividend growth investor. Sometimes, even doing nothing yields a year over year increase. Thank you for stopping by and commenting.
DivHut,
Keep on letting the divvy roll in – it’s awesome. The best is when it’s spread throughout the month instead of all on a certain day – gives you something to look forward to at midnight when you see it hit your account. Obviously can’t be too picky, because we’ll take $300+ any day, right? Congrats and looking forward to a solid month. Excited to re-cap everyone’s post into our traditional monthly income posts on everyone. Keep it up.
-Lanny
Dividend Diplomats recently posted…Lanny’s January Dividend Income
Hi DD,
Dividend income rolling into my account any day is always good 🙂 I think it’s just amazing how we continue to support and encourage one another regarding our lifestyles and investment choices. It still amazes me that more people do not fully believe in a long term dividend growth investing strategy. I guess there will always be detractors no matter what you do. Look forward to your dividend income re-cap post. I always enjoy seeing the collective passive income received among the blogging community. Thank you for commenting.
DH,
That’s how you start the year off with a bang! If this is how you started an “off-month,” just wait until March! A 20%+ increase is amazing! Keep up the great work and keep on making great things happen.
Take care!
Bert
Dividend Diplomats recently posted…Lanny’s January Dividend Income
Hi DD,
Thank you for your encouraging words. The support we give one another here is truly amazing and I know that each of these updates helps drive us all forward. For an “off month” I am quite happy with the results but do look forward to see the end of quarter results. As always, I appreciate your comment.
Even though 2016 is off to a rocky start. You’re dividend portfolio continues to impress me DH! I got a decent dividend from BNS as well in January.
I’ll be looking into growing a dividend portfolio shortly!
Jeff recently posted…Book Recommends: Millionaire Masterplan
Hi Jeff,
That’s the beauty of being a dividend growth investor. No matter what the market does you can count on a stream of passive income from a variety of dividend paying stocks. Stay diversified and don’t chase yield and in the long run you should be just fine. I appreciate your comment.
Great to see the progress! Keep it going!
Hi DD,
Thank you. I look forward to keeping up a great pace and well exceed my 2015 dividend totals. Thank you for commenting.
Nice progress! 20% is a great increase! Best wishes to you
Happy Healthy and Wealthy Girl recently posted…January 2016 Dividends and Passive Income Progress
Hi HHaWG,
Thank you for your kind words and well wishes. The plan is to continue doing in 2016 what I have done in previous dividend investing years, increase that passive income. Thank you for stopping by.
Hi Divhut,
Nice over a 20% year over year dividend income increase. That is what it’s all about keep on growing that passive income. We share a few holdings in common, i also wanted to add KMB to my holdings but i am waiting for a better entry price. Meanwhile there is lots of other quality names i can add money to, so i will exercise patience.
Thanks for sharing
Dividend Force recently posted…January 2016 Dividend Income
Hi DF,
When investing for the long run, ten, twenty or thirty years even, exercising patience is always wise. There will come an opportunity for you to buy into KMB or other names. For now, as you stated, there are some great quality companies selling at nice discounts. Names like TD, BNS and RY in the Canadian banking space come to mind as well as industrial names like CAT, EMR and DOV. In the meantime, I’ll continue to buy names selling at attractive values and yields and grow that passive income stream. Thank you for stopping by and commenting.
Dang 20% over this time last year. If you keep this up you’ll be at FI in no time. You can do a lot with $331.21 in a month =)
Wallet Squirrel recently posted…Income Report – January 2016
Hi WS,
No doubt, $331.21 can definitely cover many smaller expenses one has in a month. It may be gas, electricity, or a nice car payment even. Let’s keep sharing these inspiring posts to highlight what long term dividend growth investing can achieve over time. I appreciate your comment.
You know the movie “Up”? Where the old man ties balloons to his house and floats it away? Well the events of the film have nothing to do with your dividends, but the title describes it pretty well.
Sincerely,
ARB–Angry Retail Banker
ARB recently posted…Anjali Ramkissoon, Alicia Ann Lynch, And Living The Brand
Hi ARB,
Great comment. “Up,” is what we all are going for with our dividend income. Thank you for commenting.
Congrats on an impressive set of numbers. Over $300 in dividends and a 20% YoY growth is wonderful. I just calculated my numbers for January and I just barely managed to cross the $300 figure myself.
Congrats.
DGJ
Dividend Growth Journey recently posted…Portfolio update – January 2016
Hi DGJ,
It’s all about these small steps we are taking with each purchase that grow to impressive numbers over time. I was very pleased to report my latest dividend income and year over year growth. I just love an investing strategy that grows your money year in and year out. Thank you for stopping by and commenting.
Congrats on the good month, for me Jan is not so nice, but Feb and March will be good months for sure. Keep up the investing and you can reach FI very soon.
EL @ Moneywatch101 recently posted…Never Trade Freedom for Debt
Hi EL,
Thank you for your continued encouragement. While January is not the most exciting month for dividend income you’ll hear no complaints from me as long as I can put up those decent year over year results. We’re all headed in the same direction with our passive income which is up. That’s an investing strategy I can get behind. Thank you for sharing your thoughts.
Congrats on the dividend income Div Hut. Very impressed by the 20% jump from last year! It shows that you are doing the right things and headed in the right direction! Heres hoping for another 20% jump for you next year :).
Money Grower UK recently posted…Cashflow Makes You Rich
Hi MGUK,
Seeing a nice jump in year over year income consistently reminds me of how great this investing strategy can be. Of course, it can take a lot of nerve staying in the game when you watch your portfolio value shrink but at the same time it’s encouraging to see the passive income continually grow no matter what the markets, economy or specific stock prices are doing. As always, I appreciate your comment.
A 20% increase is incredible. Those are all solid companies. Sorry for the late reply lol. Keep up the good work!
Hi AAI,
Thank you for your continued support and words of encouragement. I am happy with those year over year totals and look forward to seeing even greater growth in the future. Thank you for commenting.