Oct 1, 2017

Dividend Income - September 2017

All right, three quarters of four finished in 2017. Let's see how I did during the last month of third quarter. But first, let's take a look one year back. In September 2016 I was able to collect $160.23. Once again, trying to improve from there. Since then only one company, Norfolk Southern Corporation (NSC), has left my portfolio. No new dividend payers, so very few changes compared to last year which is good in my book. Wishing to crack sweet $200 mark, let's see if I was able to do that. In total 16 companies paid dividend to me this month. Here is the comparison table of September 2016 and 2017 dividends:


CompanySymbolSeptember 2016September 2017
3M CompanyMMM7,7711,75
Amgen IncAMGN8,0012,65
Archer-Daniels Midland CoADM12,0015,68
Canadian UtilitiesCU.TO2,609,29
Emerson Electric CoEMR9,5110,08
Enbridge IncENB.TO9,5413,42
Eversource EnergyES9,3411,87
Gilead Sciences IncGILD6,118,84
Johnson & JohnsonJNJ16,0019,32
Lockheed Martin CorpLMT13,2014,56
Main Street Capital CorpMAIN5,405,55
Old Republic InternationalORI9,3812,54
Pinnacle West CapitalPNW11,2511,79
Realty Income CorpO 6,457,82
Target CorpTGT13,8016,74
Unilever N.V.UNA.AS12,8022,22
Norfolk Southern CorpNSC7,080
TOTAL
$160,23$204,12

All right, so the total this September was $204.12. This means 27,4% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so obviously very good result. And for the first time I cracked $200 by receiving only regular quarterly and monthly payments. In June I also got $204, but then MAIN's special dividend was helping me out. So this time there was no special, annual or semi-annual dividends which makes this $204 very valuable.  

Great progress with CU.TO and UNA.AS(also the biggest payer this month) thanks to dividend raises and additional shares bought. Otherwise the growth was rather smooth throughout the portfolio. Here are my dividends in a graph:

Total dividends during months 1-9 this year: $2,626.44 This is 14,6% increase from last year. My goal for this year: $3,300. This would be approximately 16% increase to 2016's income. So, I'm still behind goal, but gaining nicely now every month. It's till impossible whether or not I will pass that goal, but right now it looks like I will miss slightly.

I'm already past 2014 and 2015 dividend total, and very close to reaching 2016 in October.  All these companies should pay again in December. Before next ex-dividend date I'm currently looking to buy additional shares at ADM, CU.TO and UNA.AS. But I must say that almost all these names are under consideration when I try to boost December income.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time CU.TO and ENB.TO were paid in CAD, UNA.AS in EUR, 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 September dividends.

Disclosure: Long all companies that paid dividend in September 2017

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