Mar 1, 2017

Dividend Income - February 2017

And the second month of 2017 already finished, let's see if I have made any progress when it comes to dividend income. During February 2016 I managed to collect $115.82. Since then one stock, HCP Inc (HCP), has left my portfolio. But actually it was my biggest payer in February last year, so clearly I had some patching work to do. Fortunately it looks like the work succeeded pretty well. In total 13 companies paid dividend to me this month. Here is the comparison table of February 2016 and 2017 dividends:

  
CompanySymbolFebruary 2016February 2017
Abbott LaboratoriesABT6,5115,37
AT&TT15,3617,64
CVS Health CorporationCVS07,51
Deere & CoDE7,207,20
Emera IncEMA.TO012,01
General Mills IncGIS7,9212,48
Main Street Capital CorpMAIN5,405,55
Omega Healthcare InvestorsOHI17,1022,94
ONEOK IncOKE11,0711,07
Procter & Gamble CoPG10,6013,39
Realty Income CorpO6,357,37
Royal Bank of CanadaRY.TO11,0616,60
Welltower IncHCN010,44
HCP IncHCP17,250
TOTAL
$115,82$159,57

All right, so the total this February was $159.57. This means 37,8% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so this was a very good result indeed.

Great progress in ABT, GIS, OHI and RY.TO thanks to dividend raises and additional shares bought. And of course CVS, EMA.TO and HCN as new investments compared to last year. T as a high yield telecom continues to be important income producer too. Here are my dividends in a graph:

Total dividends during months 1-2 this year: $286.43. This is 40,2% increase from last year. OK, this is amazing number, but inevitably it will come down in the near future. My goal for this year: $3,300. This is approximately 16% increase to 2016's income.

All these companies should pay again in May. Before next ex-dividend date I'm looking to buy additional shares at least in CVS, EMA.TO, GIS and HCN.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time EMA.TO and RY.TO were paid in CAD and the rest in USD. Additionally all numbers are before taxes. This prevents currency fluctuations and tax hassles from affecting my progress.

Thanks for reading. Dividend Income page has been updated to include February dividends.

Disclosure: Long all stocks that paid dividend in February 2017 except DE.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

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