Lanny’s February Dividend Income Summary

Busy season is two months down and thank God it’s a short month, as these are the dog days of them all.  However, what makes this month fun is that we close out a month of dividend income earlier and start to step into the iconic March dividend income.  Cleveland has been a bit of a whirlwind as of late – it was 75 degrees and now it’s back into the 20’s.  Talk about getting sick with the climate change!  On a stock note – the market, this month, has been up almost 3% in the last 30 days, ending February 24th.  This has definitely sidelined me from making dividend stock purchases, killing me!  Let’s see what February has brought me in regards to dividend income.

Dividend income

Another record month for February, I received a total of $322.59.  Very consistent names here, with a decent number of entities sending checks my way, see the table below.

Here we have a solid 12 different entities sending checks to me this month!  Fairly evenly spread, outside of my big bad boy bank of Citizens & Northern (CZNC), which I recently made an additional purchase into this year.  In total, they provided $75.81 for the month, which reinvested to essentially 3 shares, love dividend reinvesting at work!  However, it’s been a slow purchase month of February for me, but Bert was able to take advantage of T. Rowe Price (TROW), by buying before their dividend increase announcement.

Similarly, I have split out between the individual stock amounts and the retirement accounts, as the ” – R” indicates a retirement account dividend (or the furthest column to the right).  I separate these two, as I like to know what portion of my dividend income is coming from those retirement accounts that I cannot touch until 59.5 (barring any other usage rule I could use).  Here, it shows that I received a small total of $151.07 (up from $119.44 last year or up a staggering 26.5%)  or 46.8% of my income from retirement accounts and the other 53.2% was from my individual taxable account portfolio.  Additionally, this shows from retirement accounts that I’m all ready for my set it and forget it mentality to keep that income going.  To see my portfolio – one can go to our portfolio summary page.

Dividend income year over year comparison

2017: 

2016: February income

Here we go now, back in business versus my small 1% growth YoY in January, as February shows a 17% growth from last year!  Now that’s what I’m talking about, loving it.  So what about the comparison?  Where did stuff just pop?  Well, you can see that this year I do have a whopper from CZNC, that’s a given.  HCP – moved the dividend into the first few days of March, which offset the CZNC addition.  Furthermore, Realty Income (O), continues to deliver solid gains all around, as the increase from this was 10.2%.  Additionally, you ca see that Procter & Gamble (PG) dividend was higher due to my purchase back in January, which was done a day before their ex-dividend date, nice timed purchase.  Items are trending in the right direction, as if HCP was included here, this would be an even better story.  Looking forward to 2017, that’s for sure and one can see my goals for 2017 here.

dividend increases

A month wouldn’t be a month without high quality companies increasing their dividend!  See the small chart below for the details on the dividend increases announced this month that are holdings in my portfolio.

So pumped!  Loving this as well, ah… dividend increases truly came through in the clutch, that’s for sure.  The surprising one from Pepsi (PEP) that came through in their release of earnings was always pleasant and the solid one from Archer Daniels (ADM), continues to stay consistent and critical.  I do enjoy Canadian Imperial’s (CM) almost a quarterly basis increase (typically 3 out of 4 they increase), but the US to Canadian exchange rate has been the kicker!  To add a forward $38.21 to my income, I would have had to invest at 3.50% $1,092!  This is when it really starts to show, in regards to how critical dividend increases are.  Pumped for March to see what shows for that month!

dividend income conclusion & Summary

Pretty solid overall and played out reasonably, as expected.  However, similar to last month with Kraft (KHC) switching months, HCP switching months had a small impact.  Overall, the growth and dividend increases has been very nice and I’m very fortunate to close out February on the note that I was able to.  Very lucky.

As I discussed with my updated – normal monthly expenditures at the moment, this $322.59 would cover ~33% of my average $984 monthly expense for my house, including utilities; up from last year and can say it would fully cover most of my driving expense, seriously I need to be done with screaming about it haha.  In similar fashion –  all of the investing from last year and moves this year, show being frugal to save 60% of my income, that every dollar counts, has helped me in achieving lofty goals that I set in place for my 2017 year.  LET’S GO!!!!

How did your first month turn out?  More/better than expected?  Learn anything new about what to do going forward?  Stepping closer & closer to financial freedom?  Would love to hear how it all went!  Any other comments or suggestions would definitely be appreciated.  Hope everyone had a nice month and are staying healthy during the spiraling climate changes, talk soon and happy investing!

-Lanny

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42 thoughts on “Lanny’s February Dividend Income Summary

  1. Seems to have been a pretty good month, but i hear you on purchasing opportunities! Great to see all the dividend increases. Hope next month will be good for you too.

    • CF –

      Thank you very much for the comment, always. Yep the dry spell still continues, sigh… it’s okay, I think. Nice having some capital ammo ready to unload when it permits! Appreciate it and talk soon, hope you’re doing well!

      -Lanny

      • I hear you! We have about 1 year in expenses in cash at the moment, that is about 10-11 months too many. Might use it to buy another property, or sink it into the market during a correction, whichever comes first.
        Have a great weekend!

    • D4F –

      Appreciate the lookout – I actually had the dates wrong – I show now the 2017 and 2016 charts. I should include maybe even a 3 year lookback to really look at where I’ve come to where it’s at now. Blessed, that’s for damn sure!!

      -Lanny

  2. Those records keep breaking. Congrats on another solid month of passive income. Geez, seems like a short time ago we were reviewing our Jan. totals!?! Don’t blink. If you do 2017 will end. Just goes to show how important it is to remain invested and make every dollar count in the market. Time waits for no one and those dividend records are broken faster with fresh capital and reinvestment taking place. Of course, those dividend increases don’t hurt either 🙂 Keep it up!!!

    • DivHut –

      Thank you very much, I know, the year has gone by freaking way too fast!

      It does show that the proof is in the pudding, no doubt. Love the dividend increases so far this year – do you also expect the consistency to continue? I do, I truly do. talk soon DH.

      -Lanny

  3. Great month for you! HCP moving threw off my February as well but will just make March that much bigger and better. Nice to see so many companies paying you in the short month as well as all the dividend increases. Glad to see you keep breaking records. Keep it up!

    • Div Daze –

      Thank you and yah – March has already started out a real winner, loving it and looking forward to next Friday – So many dividends on the 10th, its awesome.

      You keep it up as well, I wish I could be reviewing more articles, but my busy season should slow down after this Friday… thank God…

      Talk soon!

      -Lanny

    • Div Stacker –

      AT&T is hilarious isn’t it? Those guys… with reinvestment, the modest/consistent increase, it’s great – it really does add a nice snowball to an industry where internet and other connectable technologies are almost a full-on necessity.

      Keep it up on your end and I’ll try to keep the legs moving on mine. Bring it on!

      -Lanny

  4. Awesome job as always Lanny. How much longer for your busy season? I cannot wait until April 15th! Nice 2 month cool down, but not really, then up we go again.

    January and February will be super slow for me as I am pumping money in as I now get started. Look for a big amount in March when I post my quarterly post 😉

    • Stefan –

      Phew, first, glad your blog is back, I think for a hot second the domain was open for some reason, right?

      Thanks for the comment. I have really about 7 days – I have 3 SEC filers that will go out the door this week and I cannot wait! This is because I’m deep in external audit, and a few nice sets of financial statements will be released.

      Good good, pumped for March Stefan, keep grinding and rest up, you’ve still got about 6 weeks of busy season left.

      -Lanny

  5. $300 and 5 dividend increases sounds like a great month to me. That’s awesome that the dividends from February can cover 1/3 of your expenses. I’m guessing the end of quarter months are at least 50% if not more.

    • JC –

      Yessir! Love the 5 dividend increases, most importantly. I’ve been keeping track to see how many companies in my portfolio actually increase their dividend in a given year, liking what I’m seeing so far. You’ll see my quarter end… coming up soon and it should be OVER 100%!!! That’s right… 27 days left, let’s make this month count.

      -Lanny

    • Hunting –

      You got that damn right IH. Luckily – the div increases are what I’m most excited about, an off-month where I can add that income – I’ll take that any month for sure. Hope all is well IH and keep hunting.

      -Lanny

    • BHL –

      Very tough… I am in the boat of what you have just said – always opportunities, may just need to spend a little bit more time to find them. Appreciate that comment as a reminder. Thanks, as always and talk soon.

      -Lanny

  6. Looks like another great month! I crossed the $300 mark for the first time in February as well. Hopefully rising interest rates allow CZNC to give us a raise soon.

    • Brian –

      Hell yah on a sweet month, as over $300 is sweet (hint – this may be biased haha). I agree – hoping this pumps the net interest margin up, but CZNC also needs to start growing that loan portfolio a bit more and continue the share buy back. Looking forward to holding more if I can!

      -Lanny

  7. I made the maneuver from stock portfolio to real estate investment. Worked tirelessly for 2 months, and my income increase 10x compare to this time last year. It’s set to double this coming month. I don’t know if I’d buy another rental, but I’ll slowly build my dividend portfolio back up, but will pace myself, as the stock is at the all time high.

    I just made a buy on TGT today at $57.xx. I thought it’s a good entry point. We’ll see if this stock go down any further, I’d buy more to average down.

    • Viv –

      That is SWEET!! Pumped that your income has increased 10x already and that you are set to double that up in 30 days… talk about killer gains and income. I can’t even imagine how it’ll be in 2-3 years, then from now.

      Not a bad idea to get the portfolio going again to hedge the real estate market.

      Nice on the TGT… GREAT entry point, jealous actually, lot of noise going on, but I think you’ll be happy.

      -Lanny

  8. TGT killed a lot of DGI investors. There aren’t any attractive entry opportunities currently. Gotta wait for sub-20,000. I did pick up some GIS on the earnings weakness.

    • BigAL –

      I was close on the GIS as well, nice job on the purchase on adding a solid consumers staple company. Target is definitely interesting… lot of noise… lot of opportunity, maybe? Hmm…

      Appreciate the comment BA, talk soon.

      -Lanny

    • DIB –

      Thank you so much, I appreciate it and hope I can keep it rolling for March, for sure. I’ll be close, hehehe.

      Nice work in February – but damn – LETS KILL THIS YEAR!! Let’s take control and continue to make moves. Keep it up and keep pushing, the only way.

      -Lanny

  9. Great update Lanny-

    I really like how you do YoY comparisons and also compare back to your budget. No matter your investing strategy (I’m an index-aholic), its all about accumulating a nest egg that will someday fund retirement. Great work as always, keep it up guys,

    -The Fiscal Savant-

    • Fiscal Savant –

      Thanks again for the comment. I am debating of doing a 3 year look back, now, to really see the growth, compounding, time and consistency in the market and the fruit that really does grow from the early seed.

      Yep – hit it on the head – keep churning the portfolio and growing it… steady will win this one!

      -Lanny

    • Doug –

      YESSIR!! Definitely want the March to keep churning, looking to be record-breaking… again haha. AKA 12 months of record breaking? Haha, too funny. Thank you for the kind comment and talk soon, hope all is well.

      -Lanny

  10. My month wasn’t as good as yours but I’m still impressed over your amount of savings! I looks like you’re slowly seeing your dividends being able to replace your income and that’s awesome! Keep up the great work!

  11. Hi Lanny,
    Congrats on a great result for the month, especially since it’s one of the relatively quiet months for dividends.
    Looking forward to seeing your March results too!
    Best wishes,
    -DL

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