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Monthly Dividend Income: October 2014

My favorite post to write each month. :) This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is October’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and taxable brokerage and selectively reinvest dividends, combining them with fresh capital every month or two, in the Loyal3 account. Note: I recently made the switch to dripping all dividends in my taxable account but due to a broker error, the change didn’t end up taking effect until the beginning of November. Mostly my fault, as I didn’t monitor my portfolio too closely over the month of October.

Roth IRA

Coca-Cola (KO): $4.40-reinvested into .105 shares @ $41.91 per share.

Realty Income (O): $2.89-reinvested into .067 shares @ $42.89 per share.

General Electric (GE): $5.91-reinvested into .233 shares @ $25.38 per share.

Loyal3

Coca-Cola (KO): $8.08

Dr. Pepper Snapple (DPS): $1.38

Taxable Brokerage

Altria (MO): $3.64

Phillip Morris (PM): $22.00

Realty Income (O): $19.96

General Electric (GE): $1.76

October Total: $70.02. As expected, October was a lighter month for dividend income but still managed to increase the amount over last October from $23.99. With two months left in 2014, I’ve now received $696.43 in dividend income and estimated forward 12 month dividends now stands at $1,131.29.

 

Full Disclosure: I am long all stocks mentioned. This post is not intended to be a buy or sell recommendation for any stock mentioned and is for entertainment/educational uses only.

How was your October for dividend income (or portfolio gains for any growth investors)? Share below with a comment and thanks for reading!

October Recap

Wow, what a crazy month! Huge market swings, lots of earnings reports, and major negativity surrounding the markets. Even after all the crazy (often irrational) market movements, the Dow closed October by hitting an all-time high of 17,390. Good thing I’m an investor and not a trader, and can ignore short-term market noise like this past month and instead just focus on continuing to save a large amount of my income and purchase income producing dividend growth stocks.

On a personal note, I am back home after taking a cross country road trip and visiting family and friends for the past three weeks. I had a great time as I was able to see people back home for the first time in several years. Nothing like a little time off once in a while to be able to relax. Now its time to get back to work and get back to some regular blogging updates as well.

Today I’d like to highlight some of the recent news from companies in my portfolio and watchlist.

Kinder Morgan (KMI)

The energy giant announced a 2.3% increase to its quarterly dividend from .43 to .44 per share. With expected 10% dividend growth moving forward as the Kinder Morgan companies consolidate under one umbrella, KMI, I really like the stock as a long-term holding and recently added some more shares to my portfolio.

Visa (V)

The global payment processing company reported strong 4th quarter earnings that has since sent the stock soaring to new highs. Glad I managed to add some more shares in September around $213 a share and didn’t wait. 4th quarter EPS of $2.18 beat estimates by $0.08 while revenue jumped 8.8% year over year. Payment volume grew 11% to a staggering $1.2 Trillion dollars. With China announcing recently that they are opening their market for clearing domestic bank card transactions, Visa looks primed to continued growing revenues, EPS, and dividends at a strong pace going forward.

Realty Income (O)

The monthly dividend paying company announced 3rd quarter Funds from Operations of .64 per share which missed estimates by .01. Revenue beat estimates and showed 16.6% growth from last year. If I wasn’t so heavily weighted in O (accounts for 23% of my projected annual dividend income), I’d probably pick up at some more shares here in the low $40’s.

International Business Machines (IBM)

What a month for IBM. And not in a particularly good way. Revenue growth continues to stagnate as the blue chip technology company reported a 4% decline in revenues for the 3rd quarter and abandoned their previous goal of $20 in EPS for 2015. In all fairness, the EPS was established by a previous CEO. However, EPS growth continues, albeit at a slower than expected pace as the company has begun focusing on improving and growing its business in key segments with an eye towards the future. From CEO Ginni Rometty on her company’s results, “We again performed well in our strategic growth areas cloud, data and analytics, security, social and mobile-where we continue to shift our business. We will accelerate this transformation.”

IBM also provided guidance for 2015 EPS which falls in  a range of $15.97 to $16.30. Applying a P/E of 13 which is where IBM has traded historically, we can come up with a fair value of $207.61 based on the low end of guidance. IBM also added another $5 Billion to their share buyback plan. While the lack of revenue growth is disappointing, I like that the company is aggressively buying back stock, cutting costs, and increasing margins in order to continue growing profits. IBM is a company in transition as they shed old businesses and focus their efforts in faster growing segments like the cloud. While it won’t happen overnight, I think IBM will turn things around and get revenue growing again in the future. Since the dividend is still well covered by earnings, I’m content to just collect the dividend and let it reinvest at low share prices in the meantime.

Aflac (AFL)

The insurer and dividend champion reported so-so numbers for its 3rd quarter report, earning $1.51 in profits missing estimates by 8 cents a share. Revenue beat estimates but still came in slightly lower than last year by 2.5%. Aflac also announced a 5.4% increase in their quarterly dividend to $0.39 a share and increased the size of their buyback plan from $1 billion to $1.2 billion which I like since it shows management is being smart when it comes to buying back stock on cheap valuations. The company also announced it plans to have a $1.3 billion buyback plan for 2015. Currency issues continue to hamper the company but with a low payout ratio, Aflac is set up to weather times like this without risks of dividend cuts or freezes. With the stock hitting 52 week lows, now may be a good time to add to or initiate a position in the company.

Disney (DIS)

Disney is a stock I’ve been looking at recently after reading a write-up by fellow blogger Brian over at Long Term Mindset. Disney recently announced a large slate of new Marvel movies that are expected to be released over the next 4 years.

Check out the list:
The Avengers 3-split into 2 parts in May 2018 and May 2019
Captain America: Serpent Society in May 2016
Doctor Strange in November 2016
Guardians of the Galaxy 2 in May 2015
Thor: Ragnarok in July 2017
Black Panther in November 2017
Captain Marvel in July 2018
Inhumans in November 2018

Pretty impressive, especially since this doesn’t even include the Lucasfilm Star Wars movies (the third trilogy of Episodes 7, 8, and 9 plus spinoff movies) which I am looking forward to as both an investor and Star Wars fan. Although DIS seems to always trade at a premium valuation, I’ve been coming around lately to the idea that this premium is deserved due to their strong growth prospects. I may start dollar cost averaging into a position via Loyal3 soon.

BP

Announced a 2.6% increase to their quarterly dividend to $0.60. While a relatively small increase, I’ll take it as BP’s high starting yield helps make up for it. The stock continues to trade at an attractive valuation compared to their peers and is on my shortlist for portfolio purchases after its recent pullback to the low $40’s. While its easy to get caught up in all the negativity surrounding the company regarding lawsuits over their oil spill, the company is still generating large profits and remains committed to steadily increasing their dividend.

J. M. Smucker (SJM)

Announced a 5 million share increase to their buyback program, bringing their total authorized buyback plan to 10 million shares which will retire about 10% of the company’s outstanding stock if fully executed. How cool is that? Another stock on my short list (I feel like I’ve said that a lot today, so many great stocks, so little capital! 😉 ), I’d prefer to buy it near the 17 P/E mark but may initiate a position sometime during the last quarter of this year or early 2015 if shares continue to trade around 19 times earnings.

 

Disclosure: I am long KMI, V, O, IBM, AFL, and BP and may initiate positions in DIS and SJM in the coming weeks/months.

How about your portfolio and watchlists? Any important news or events this month?

Switching to Drips

For the last two years I’ve been dripping only stocks in my Roth IRA. In the taxable brokerage account I’ve been taking them as cash and combining them with fresh capital every few months to make a separate stock purchase or use it towards paying off my credit card bill by buying stock through Loyal3.

Well that changed a few days ago as I’ve decided to start dripping all my dividends in both my Roth and taxable brokerage accounts. Due to the service being unavailable, dividends received from Loyal3 will continue to be selectively reinvested.

So why the change?

First off, I haven’t been making as many regular large purchases as I originally planned on doing so, meaning it sometimes goes several months between even touching my taxable account. Since I prefer to keep my commission costs less than .5%, I like to save up around $1400 before I buy more stock. By automating how I handle dividends and choosing to drip all of them, this puts the capital to work instantly, buying more shares which in turn will produce more dividends. Nice way to keep growing the account even when fresh capital for purchases is limited.

Second, I’ve been reading a lot of articles and blog posts recently that show just how much of a stark difference there is in total returns when you take dividends as cash vs. reinvesting them in the stock. Dividend growth is also accelerated a lot as well. Granted, I’ve always reinvested dividends by doing so selectively but it usually took a long time to do so. Looking through my Roth IRA transactions I can see that when I initially bought 15 shares of Realty Income I was earning $2.73 a month in dividends. Now, fast forward to today, I am earning $2.86 per month. There has been a few small dividend increases (less than 1 cent) from Realty since then. Everything else has been the result of dripping. Now that’s a small increase on a pretty small position in that account. Not a big deal, right?

Now imagine if I had done this with the 109 shares of O I have in my taxable account. The $19.92 I am currently earning each month in that account could buy almost another 1/2 share per month. Over the course of the year, that is almost 6 additional shares that I didn’t have before.

But what about valuation?

Looking through the stocks in my portfolio there isn’t a single one that is so overvalued that I wouldn’t consider buying more shares out right, if those were my only investing choices. With a long-term investing timeline, I’m comfortable overpaying a bit for shares in quality companies like those in my portfolio since there is plenty of time for earnings to increase and “grow into the valuation.” Besides paying up for at most, half a share in a company per month isn’t that big of a deal. It just allows the compounding snowball to grow that much quicker.

Simplifying Things

Dripping dividends and automating that part of your investing activity also makes it much simpler. No more transferring money around to take dividends from one account to use in another account toward a purchase. Just let everything run on autopilot and add more stock through fresh capital when it’s available. It also takes away the temptation to spend those dividends as you can’t spend money you don’t have.

Going Forward

Like most things, I imagine my thoughts on this topic will change as the years go by. That’s all right and what makes this fun. Can’t just do the same thing all the time, right? Gotta mix it up every once in a while and try new ways of doing things. I could see myself switching back to selectively reinvesting dividends, combining them with fresh capital each month to make a purchase once (1) I have the income necessary to make a normal sized purchase each month and (2) once my account is producing a significant amount of dividends. An extra 50 bucks or so doesn’t really help me out getting the required amount to invest each month. Once that figure climbs to be several hundred, maybe I’ll rethink this strategy.

 

Disclosure: I am long O. Please see my portfolio page for a complete list of my holdings.

So what are your opinions on the subject of dripping vs. selectively reinvesting? Or do you not reinvest dividends and simply use them to supplement your current income? Sound off in the comments and let me know what you think! 🙂

Monthly Dividend Income: July 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is July’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends, combining them with fresh capital every month or two, in my other accounts.

Roth IRA

Coca-Cola (KO): $4.37-reinvested into .103 shares @ $42.25 per share.

Realty Income (O): $2.85-reinvested into .062 shares @ $45.49 per share.

General Electric (GE): $5.86-reinvested into .226 shares @ $25.88 per share.

Loyal3

Coca-Cola (KO): $7.31

Taxable Brokerage

Altria (MO): $3.36

Phillip Morris (PM): $5.64

Realty Income (O): $19.92

General Electric (GE): $1.76

July Total: $51.07. As expected July came in a little light compared to previous months. With seven months down I’ve now earned $439.00 so far this year.

 

Full Disclosure: I am long KO, O, GE, MO, and PM. This post is not intended to be a buy or sell recommendation for any stock mentioned and is for entertainment/educational uses only.

How was your July for dividend income (or portfolio gains for any growth investors)? Share below with a comment and thanks for reading!

Monthly Dividend Income: June 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is June’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends, combining them with fresh capital every month or two, in my other accounts.

Roth IRA

Aflac (AFL): $8.14-reinvested into .132 shares @ $61.33 per share.

Visa (V): $2.80-reinvested into .013 shares @ $211.80 per share.

Chevron (CVX): $10.97-reinvested into .087 shares @ $124.77 per share.

Realty Income (O): $2.84-reinvested into .065 shares @ $43.67 per share.

Royal Dutch Shell Class B and Class A (RDSB and RDSA): $13.51-reinvested into .171 shares of RDSA @ $78.90 per share.

Loyal3

Target (TGT): $5.55

McDonald’s (MCD): $2.51

Taxable Brokerage

Wal-Mart (WMT): $0.96

Chevron (CVX): $5.35

IBM (IBM): $9.90

Target (TGT): $0.86

Realty Income (O): $19.89

BP (BP): $9.95

June Total: $93.23. Getting so close to that $100 mark! Maybe in September when all these companies pay out again. 😉 At the half-way mark of the year I’ve now earned $387.93 for the year.

 

Full Disclosure: I am long WMT, CVX, IBM, TGT, O, BP, AFL, V, RDSB, RDSA, and MCD. This post is not intended to be a buy or sell recommendation for any stock mentioned and is for entertainment/educational uses only.

How was your June for dividend income (or portfolio gains for any growth investors)? Share below with a comment and thanks for reading!

Monthly Dividend Income: May 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is May’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends, combining them with fresh capital every month or two, in my other accounts.

Roth IRA

AT&T (T): $12.28-reinvested into .344 shares @ $35.67 per share.

Apple (AAPL): $6.75-reinvested into .011 shares @ $592.23 per share.

Realty Income (O): $2.82-reinvested into .065 shares @ $43.01 per share.

Kinder Morgan Inc.: $13.86-reinvested into .415 shares @ $33.36 per share.

Loyal3

No dividends this month.

Taxable Brokerage

AT&T (T): $18.86

Realty Income (O): $19.89

May Total: $74.46. A new monthly high! 🙂 Just by a couple bucks, beating March’s numbers. With 5 months down I’ve now received $294.70 for the year. I can probably now safely say I won’t be hitting my goal of $1000 in dividends this year but with projected annual dividends approaching 1k, I should be able to reach that figure for sure next year. Oh, well, as long as I am making progress. 😉

 

Full Disclosure: I am long T, AAPL, O, and KMI. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed to be used for educational/entertainment purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Please see mydisclaimer page for more information.

How was your May for dividend income (or portfolio gains for any growth investors)? Do you have any dividend income goals you are trying to reach this year?

Monthly Dividend Income: April 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

Here is April’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends in my other accounts.

Roth IRA

Coca-Cola (KO): $4.33-reinvested into .111 shares @ $38.79 per share.

Realty Income (O): $2.81-reinvested into .067 shares @ $41.67 per share.

General Electric (GE): $5.81-reinvested into .217 shares @ $26.77 per share.

Loyal3

Coca-Cola (KO): $4.56

Taxable Brokerage

Wal-Mart (WMT): $0.96

Altria (MO): $3.36

Philip Morris (PM): $5.64

Realty Income (O): $19.89

General Electric (GE): $1.76

April Total: $49.12. Not nearly as much as last month but still a huge improvement over the $5.85 I received last April. With 1/3 of the year down I’ve received $220.24 which puts me behind in reaching my goal of $1000 this year. I guess I underestimated how much I was going to be able to increase my dividend total this year, huh? 😉 Oh, well, as long as I am making progress.

 

Full Disclosure: I am long KO, O, GE, WMT, MO, and PM. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed to be used for educational/entertainment purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Please see my disclaimer page for more information.

How was your April for dividend income? Do you have any dividend income goals you are trying to reach this year?

 

Monthly Dividend Income: March 2014

My favorite post to write each month. 🙂 This when I get to share all my dividend income from the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

Here is March’s dividend income from my 3 stock investment accounts: Brokerage, Roth IRA, and Loyal3. I collect all dividends in my taxable brokerage account as cash and manually reinvest them along with new contributions each month either in the same account or into my Loyal3 account. All dividends are automatically reinvested in the Roth.

Dividends Received

Brokerage: $46.59

BP (BP): $9.69

Chevron (CVX): $5.00

International Business Machines (IBM): $8.55

Powershares Financial Preferred ETF (PGF): $2.63

Realty Income (O): $19.86

Target (TGT): $0.86

Roth IRA: $25.72

Chevron (CVX): $10.16-reinvested into .088 shares @ $114.42 per share.

Realty Income (O): $2.79-reinvested into .065 shares @ $42.41 per share.

Royal Dutch Shell Class B (RDSB): $12.60-reinvested into .177 shares of Royal Dutch Shell Class A (RDSA) @ $71.09 per share. This comes out to $12.58 so not all of it was reinvested as RDSB cannot be dripped back into its own shares, only the class A version. An almost equal amount of RDSA is purchased commission free if you choose to reinvest RDSB dividends. Not sure how they come up with the amount, both times I’ve received dividends from this stock its been within 2 cents, one way or the other. These fractional class A shares will also produce dividends which can be dripped into class A shares as well. Weird huh? 😉

Royal Dutch Shell Class A (RDSA): $0.17-reinvested into .002 shares @ $71.09 per share.

Loyal3: $0.36

Target (TGT): $0.36-used as part of purchase in McDonald’s (MCD). Loyal3 dividends are collected in a cash account and applied toward your next purchase automatically when you use a debit/credit card.

March Total: $72.67. March was officially “Big Oil” month for me with all of my oil majors-CVX, BP, and both RDS’s returning cash to shareholders. About a 10 buck increase overall from February which puts me at 171.12 for dividend income year to date which is 17.1% of my 2014 goal of $1000.

 

Full Disclosure: I am long CVX, IBM, TGT, O, BP, PGF, RDSB, RDSA, and MCD. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed for educational/entertainment purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Please see my disclaimer page.

How was your March for dividend income? Do you have any dividend income goals you are trying to reach this year?

Meet a Dividend Growth Stock: Realty Income

Good morning and welcome to another edition of “Meet a Dividend Growth Stock.” In these posts I provide a brief introduction of a dividend growth stock and then provide some links to more research on them if you are interested. I always encourage you to do your own research prior to purchasing any stock for your portfolio.

Today I’m highlighting Realty Income (O), which call themselves  “The Monthly Dividend Paying Company.” And for good reason too. Realty has been paying out monthly dividends ever since the company was founded in 1969. It has been raising dividends for 20 years now, since going public in 1994. Since 1994 O has given shareholders a total annual return of 16.3% with reinvested dividends.

O is organized as a Real Estate Investment Trust (REIT) instead of the usual C-corporation which most major companies are organized as. Being a REIT allows O to not pay federal income taxes as long as it pays out 90% of their taxable income to their shareholders as dividends. This eliminates the normal “double taxation” that investors in C-corps experience who see their firm’s pay taxes on income and then have to pay taxes on the dividends they receive as well. The downside to this is that REIT dividends are not qualified, meaning you will pay taxes on your dividends at your normal income tax rate.

O has a very stable and diversified portfolio of rental properties with over 3800 located across 49 states and Puerto Rico. Their tenants operate primarily in the retail sector but are diversified over 47 industries and among 205 companies. Additionally it is the company’s goal to never let one tenant make up more than 10% of their annual rental revenue which they are currently accomplishing. O’s largest tenant, FedEx makes up 5.2% of revenues. Here are O’s top fifteen tenants based on percentage of annual rental revenue.

O's Top 15 Tenants-Pic File

Realty Income primarily owns free standing buildings in its portfolio of properties, meaning they are not attached to other buildings such as in the case of a mall. Looking at the list above, you can see plenty of examples of these types of buildings. Walgreens is a good example of this, they generally occupy a building alone, as opposed to being part of a larger mall. O also uses the net lease structure when leasing out their properties. This type of lease puts the responsibility of the majority of the property’s operating expenses such as taxes, maintenance, and insurance on the tenant which helps reduce risk to Realty Income.

Looking at the company’s dividend history, which is the main point of focus for us DGI’ers, Realty has paid out $2.9 billion in dividends over the course of their history and had 75 total increases since 1994. Their dividend growth rates currently stand at 21.2% (1 year), 4.8% (5 year), and 6.0% (10 year). The fact that the company pays out its dividends monthly helps you compound and grow your payouts quicker if you choose to automatically reinvest than if they paid a quarterly dividend.

In conclusion, Realty’s combination of high yield, solid long-term dividend growth history, and stable business model make it a great addition to a dividend growth portfolio. For more information of this dividend contender, please check out the following sites and articles. The firm’s site in particular provides a wealth of information to research the stock with and shows why they are such a shareholder friendly company.

Realty Income Company Website

How Do I Measure Realty Income’s Dividend Paying Ability?-Great explanation along with a copy of their income statement explaining how due to the high depreciation costs associated with owning so many properties, REIT’s such as O have to be analyzed according to Adjusted Funds From Operations as opposed to earnings when calculating their payout ratio.

Morningstar: O

Seeking Alpha: O

Yahoo Finance: O Dividend History

Why The Monthly Dividend Company Is An Enhanced Brand That Deserves A Premium Value by Brad Thomas @ Seeking Alpha. Brad is the resident expert on all things REIT’s over at Seeking Alpha. I highly suggest reading his informative and educational articles if you are interested in this type of investment.

Full Disclosure: I am long O and WMT. Please conduct your own research prior to buying any stock and do not take anything written here as a buy or sell recommendation for any stock listed.

What do you think of Realty Income as a dividend growth investment?

Monthly Dividend Income: February 2014

Each month I plan on sharing all of my income received from dividends. These dividends are what I’ll eventually use to live off of when I become financially independent.

Here is February’s dividend income from my 3 stock investment accounts: Brokerage, Roth IRA, and Loyal3. I collect all dividends in my taxable brokerage account as cash and manually reinvest them along with new contributions each month either in the same account or into my Loyal3 account. All dividends are automatically reinvested into the same stocks in my Roth.

Dividends Received

Brokerage: $41.35

AT&T (T): $18.86

Realty Income (O): $19.86

Powershares Financial Preferred (PGF): $2.63

Roth IRA: $21.12

AT&T (T): $12.11-reinvested into .374 shares @ $32.37 per share.

Apple (AAPL): $6.23-reinvested into .011 shares @ 540.21 per share.

Realty Income (O): $2.78-reinvested into .066 shares @ $41.70 per share.

Loyal3: $0. No dividends yet as this is still a fairly new account that I just opened in January.

February Total: $62.47. This was a good month as I received dividends from AT&T, one of my larger holdings and I got a nice increase from Realty Income as I purchased more shares in January. This brings my 2014 year to date total at $98.45 or 9.8% of my goal of $1000 in dividend income for the year. Although 1000 seems like an unreachable goal based off of these first few months, I remain confident I’ll be able to reach it (or at least come very close 😉 ). My dividend income should start increasing in the coming months as I start getting dividends from all my new KO purchases and once I get back to investing half of my take home pay once I get all my apartment money saved up.

 

Full Disclosure: I am long T, O, PGF, and AAPL. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed for educational purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Good luck!

How was your February for dividend income? Do you have any dividend income goals you are trying to reach this year?