Dividend Income Update – February 2017

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,

 

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16 Comments

  1. Buy, Hold Long

    A year over year increase is always nice to see. Keep that snowball rolling! Well done to you!

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Thank you! I’ll keep adding new money while letting those dividends reinvest and see where it takes us. Thanks for stopping by.

      Reply
  2. Dividends 4 Future

    I love graphs because they paint the picture perfectly, specially when they are going upward 🙂
    Dividends 4 Future recently posted…February 2017 Income UpdateMy Profile

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Yeah, as long as I keep those lines headed north everything should turn out just fine, haha. I’m a visual person and to see the graphs really help me stay motivated (I think it’s a little game inside my mind). Hey Kudos to you for your excellent savings rate…keep it up! Thanks for dropping by!

      Reply
  3. DividendMonkey

    A 26% increase from last year is good. Keeping that up with do a lot to keep increasing your dividend income.
    DividendMonkey recently posted…My Biggest Dividend Stock Mistakes in 2016My Profile

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      It’s the little motivational wins that keep us wanting to add more and more of our hard earned money to the accounts. We know one day it will be all worth the small sacrifices. Thanks for stopping by!

      Reply
  4. Investment Hunting

    I’d say 26% is a nice YoY increase. Anything is good, anything over 15% you’re doing something right. Nice job.
    Investment Hunting recently posted…Stock Sell – Principal Financial GroupMy Profile

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Thanks IH, It is very fun and motivating to watch it build upon itself every month. We just have to keep at it and buy quality companies. Thanks for stopping by!

      Reply
  5. DivHut

    Keep putting up those annual increases every month and before you know it those dollar amounts will be significant. Keep up the good work. I like a lot of your buys too. Many solid names to hold for decades on end. Thanks for sharing.
    DivHut recently posted…Insuring Your Portfolio With Insurance StocksMy Profile

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Thanks DH, We really wanted to focus this year on building the foundation of our portfolio…staples, utilities, healthcare, etc. Of the new buys the dividends are extremely safe and predictable aside from OHI..it comes with greater risk, but I like a little spice on my tacos, haha. Thanks for dropping by.

      Reply
  6. Dividend Diplomats

    Our Dime Our Time –

    Solid purchases and great div income this month – stellar growth even if the dollar amount isn’t big. Enjoy the journey and keep the foundation stocks going.

    -Lanny

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Thanks Lanny for the support. It sure is fun watching it build upon itself. I think a solid foundation is key especially when we run into some turbulent markets some day.

      Thanks again!

      Reply
  7. One Dad

    These graphs are great. Nice post

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      I appreciate it One Dad…The graphs can tell the story a little differently then just words. Makes it easy to quickly compare as well.

      Thanks for commenting!

      Reply
  8. Tall Investing

    Chad,

    Great looking web site! Love the crisp graphs and the progress you are showing. Subscribed to your email list!

    Cheers,
    Tall Investing

    Reply
    1. ourdimeourtime@gmail.com (Post author)

      Awesome, thanks so much! I appreciate it, the last inserted table I was using was pretty pathetic…but I had no idea what I was doing when I first started it (still don’t) haha.

      Thanks for checking it out.

      Reply

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