Dividend Update: September 2015
The market may have taken a dive in September, but my dividend payouts were bigger than ever. As a long-term dividend growth investor, I sleep well at night knowing I’m invested in businesses that continuously pay me rising portions of their profits. I currently automatically reinvest all of my dividend payouts. Lower stock prices equal higher dividend yields which means those reinvestments add even more value than usual. I’m building my portfolio as fast as I can, and one day I hope to live off of these dividend payouts.
In September I received dividends from 14 of my holdings totaling $267.14. After reinvestment these dividends added $9.60 in forward annual income. That doesn’t include Unilever (UL) and Wal-mart (WMT) from my taxable Loyal3 brokerage account which I selectively reinvested. Here’s a snapshot of my payout activity:September’s total dividends of $267.14 grew 29.99% over last quarter’s $205.51 in June. Going back further, that increase was 196.59% over last year’s $90.07. Here’s my updated dividend payouts chart:At the start this year I set my sights on achieving $2,050 in dividend income by the end of 2015. 8 months in, I’m at $1,341.86. This should ramp up toward the end of year, but it’ll be close. Here’s an update of my 2015 dividends received goal:This strategy is all about dividend growth, and I typically expect businesses I own to increase their dividends at least once a year. Realty Income Corp (O) was the only business I own that gave me a dividend raise in September. It was also the company’s fourth raise of the year. Wouldn’t it be nice if all sources of income gave such steady and frequent raises?Last year in September, I had only received $538.83 in total lifetime dividends. At the end of the month, that number increased 303.88% to a new total of $2,176.20. Here’s an updated chart:My dividend income showed a lot of progress in September and I’m pumped to see where I land at the end of 2015. I’ll be heading out of the country next week, so unless we see a major drop in stock prices over the next few days I’ll likely be done investing until the end of the month. It’s a big relief knowing my portfolio will keep working for me while I’m gone.
How was your September income? What stocks are on your radar?