Dividend Update – September 2017
September came and went way too fast. Seem like this year is just flying by. Fall is in full swing and the weather shows it. I am a fan, even though I prefer the warmth of summer time since the season is so short. But we aren’t here to talk about the weather. It’s a quarter ending month! We all know what that means. Big dividends being paid out and big growth numbers all around! These are the kinds of months are what dividend growth investors live for. We can use them to really test the limits of our portfolios and push to surpass our previous records or milestones. I was able to break at least one milestone in September. Let’s see how the month broke down for dividends.
TGT – $27.97
ED – $9.13
O – $3.41
LTC – $3.24
September dividends, add up to $99.38 which represents an 88.6% increase from last year where I made $52.70. Here are some charts to show comparison and progress but you can always see the full dividend income breakdown here.
March 2017 still holds the monthly dividend record, because of HCP moving their dividend back one month. And March still holds the record for being the only month I broke the $100 mark in a single month. I was pennies off this month! Almost triple digits, which means I should get this by December. So how did I achieve an almost 90% increase of dividends since last year?
I always like to mention first, the power of dividend growth and compounding dividends and DRIPs. Next, I have made a few new additions to the portfolio since then. You can read a few of them from Q2 post. Another position I have initiated since then is LTC, another monthly dividend paying REIT. This and O both only pay me a few dollars a month, but the compounding will add up over time.
This month has been great for me as far as dividends go. Not only did I almost hit the triple digit mark in a single month, I finally surpassed my 2016 dividend total! The year is almost over, but there is still a quarter left to make up some ground to hit my yearly goals. And any other dividends I collect this year will just keep adding to my yearly total to increase this record. Let’s take a second to look at my quarter comparisons as well.
2016 Q3 Dividends: $138.83
2017 Q3 Dividends: $221.35
YoY% Gain: 59.4%
I don’t usually keep track of quarter gains but it is just another way of analyzing the data. After last quarter, I set out to make the goal of collecting $200 in a quarter. I was able to achieve that milestone. But again, the year is not done. Still need to push myself to see what my portfolio can do. My new goal is to see $250 in dividends for Q4 with December hitting over $100 by itself. Can’t wait until I see these kind of numbers consistently and monthly.
How did your portfolio perform in September? Did anyone break any records or post huge gains? Are you on pace for your goals? What are you still trying to accomplish by year end? Your comments are welcome below.