Now that 2016 is over, it’s time for one last overview post to cap it off. The last nail in the coffin so to speak. Oh, too soon for a bad 2016 analogy? Well on a more positive note, this past year has been filled with many accomplishments and I believe it’s important to review in order to make goals for the New Year. Reiterating the past is the best way to solidify the future. Look back on all the past achievements and failures. Keep the good while learning from the bad. Let’s see what 2016 had in store for me.
Final dividend total for the year was $530.50. This represents a 586.73% increase from the prior year! Can’t argue with those numbers. But there were many factors that lead up to this substantial percentage increase.
Time– This was the first year I received dividends every month for the whole entire year. In 2015 I was only receiving dividends for half the year starting from July on.
Dividend increases– Many stocks I own increased their dividends throughout the year. This bundled along with time equals a successful dividend snowball.
Debt Payment/ New Capital– I finally finished paying off my undergrad loans earlier on in the year. With debt dwindled, this means that I had more new capital to add to my portfolio. I was able to increase my position in a few companies as well as adding additional quality stocks into the portfolio.
What a year it’s been. The dividend snowball has begun! It’s only going to get better from here. Next step will be to determine 2017 goals which I have been thinking about thoroughly. Stay tuned for that post. How did you do in 2016? Did you beat any personal records? I look forward to seeing what the New Year has in store for us all.