Hello everyone! It’s time to update you on what companies shared profits with us by way of paying us a dividend.
We started building this portfolio of dividend paying companies in 2015 and received our very first dividends in May of that year. We have added a little here and there to it since then, but our main focus was getting completely out of debt…and that has now happened. We were able to add a sizable chunk to our IRA’s this year (for 2016) and I’ll discuss what we purchased later, but let’s see who paid us in February.
- Kinder Morgan Inc (KMI) – $11.96
- Realty Income Corp (O) – $11.33
- Starbucks Corp (SBUX) – $5.82
- STAG Industrial Inc (STAG) – $8.43
For a grand total of: $37.54
Well, that’s a new February record, haha… a 26% increase over last year’s $29.78. It’s not much, but I’ll take it. Plus, it’s enough to cover my cell phone bill!
Here is our graph of monthly dividends received:
Since receiving that first dividend check in May of 2015. we have now collected $1,524.62 in total. Think about it, since we are in the accumulation phase and do not need to use the cash, we can let those dividends reinvest for us. That’s extra money that has been invested and did not have to come directly out of our pockets.
Here’s our fancy graph…see if you can spot a trend. lol
Now for the exciting part! We were able to add $8,300 to our IRA’s as a contribution for 2016. I was able to add and deduct for tax purposes the full amount allowable $5,500 and my wife was able to only add and deduct $2,800. Our Adjusted Gross Income (AGI) for 2016 was too high to allow her to fully deduct $5,500. This tells me that we need to add more to her company 401k to drop our AGI enough to allow her to fully deduct the $5,500 next year. Tax planning…Yikes!
So what did we buy?
- Coca-Cola Company (KO) – 30 shares for $1,258.10 paying $44.40 in annual dividends
- 3M Company (MMM) – 8 shares for $1,503.42 paying $37.60 in annual dividends
- Dominion Resources Inc (D) – 19 shares for $1,467.70 paying $57.38 in annual dividends
- General Mills Inc (GIS) – 22 shares for $1,349.05 paying $42.24 in annual dividends
- Omega Healthcare (OHI) – 39 shares for $1,269.71 paying $96.72 in annual dividends
- Procter & Gamble (PG) – 16 shares for $1,459.69 paying $42.88 in annual dividends
For a total of $321.22 added to the income column!
We received some dividends and added more great companies to the asset column…I’d say that it was a pretty successful February. Until next time… have a great March!
Thanks for reading,