Dividend Update – March
The first quarter is done and in the books. I don’t know about you, but March is the month I have been looking most forward to posting about since the year started. Not only did I shatter my YoY% growth, I hit two milestones! Breaking the record for most dividends in a single month as well as the first month to hit triple digits of dividends. See below for all the details of my March dividends and breakdown of the first quarter:
HCP – $18.41
COP – $8.96
CVX – $45.65
TGT – $26.48
ED – $8.97
These dividends add up to $108.47 for March which represents a 472% increase from last year where I only made $18.95. It feels so good to finally break that 100 mark. Let’s hope that streak can continue a few more times this year and soon enough, permanently.
How was I able to achieve such a substantial YoY% increase? Well for starters, HCP decided to move their ex-dividend date back one week in February, which caused their payment date to be moved into March. Even though that caused my February dividends to be less, it almost equals what my 2016 dividends were in March by itself. Secondly, I doubled my shares of TGT on my recent buy which gave me a nice boost.
Now let’s look at the results from the first quarter:
2017 Q1 Results
January- $40.85 February- $43.06 March- $108.47 Total: $192.38
As you can see this quarter I made $192.38 in dividend income. At the end of Q1 in 2016, I was at $89.95. The entire first quarter from last year was beaten out by this year’s March performance alone! Growth wise, there is a 114% increase. Here is a clear chart broken down by month and year. While these numbers look great, how do they perform from a goal standpoint? Earlier this year, I set a goal to have made $800 in dividend income by the end of the year. This means I would need an average of either $67 a month or $200 a quarter to achieve said goal. Data above shows there is still work that needs to be done. Two months didn’t hit their mark and the total overall for the quarter was off slightly.
I am ecstatic at the results of my portfolio so far this year! Even though I am slightly off pace of my goal, I still feel I am on a good path to achieve this as the year progresses. With two milestones surpassed this month, I have total confidence in my portfolio and the power of passive dividend income.
How did your portfolio do this March? Did anyone hit a milestone or break any personal records? Are you on pace to achieve your goals? Your comments are welcome below.