Whoo! Here we go! The Cavs just clinched the Eastern Conference and are going to The Finals – beginning June 2nd, two of my best friends were married this month and I’m excited to see what opportunities lie ahead going into the last 7 months of the year. The market has been essentially slightly up since the end of May, but not by much – however, we still do have Tuesday, May 31st to make a statement (I’d be happy with a 5% stock shock downwards… haha). With that – let’s check out what dividends were received in this month of May 2016!
This month, I received a total of $266.08, not too bad for an “off” month. When you look below, big AT&T (T) sticks out, as they spit out $73 in dividend income to me! This essentially reinvested and produced almost a full 2 shares going forward, amazing. I had 12 total entities pay me dividends, here are the stats:
What’s awesome here is you can see the big benefit of buying Citizens & Northern (CZNC) as well, where I received a total $37+ from them this past month, which also, similar to AT&T (T), produced a new 2 shares into my portfolio on the reinvestment.
Similarly, I have split out between the individual stock amounts and the retirement accounts, as the ” – R” indicates a Roth IRA dividend (or the furthest column to the right, I must have left the “R”‘s off this month). 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 total of $107.81 or 40.5% of my income from retirement accounts (down from 45% last year, which is a positive) and the other 59.5% was from my individual taxable account portfolio. We all know my set it and forget it mentality to keep that retirement income going, but also pumped to see that I had 10 companies pay me in my taxable individual account. To see my portfolio – one can go to our portfolio summary page.
Something that I like to do now is attach in prior year’s dividend income, which the image is copied in below, with 2015 first and 2016 to follow.
To begin, I had essentially one new significant company when compared to who paid me in May of 2015’s income summary. That one company was Norwood Financial (NWFL), a similar community bank stock as Citizens & Northern (CZNC). The other cool thing I see here is that Realty Income (O) paid me $1.30 more compared to prior year, which due to increases and reinvestment, is a growth of 9.9% of income – doesn’t sound too bad, right? I love it. All other entities have paid me more outside of, *cough* Kinder Morgan (KMI) *cough*, which I won’t bore you again with “why”… I need Procter & Gamble (PG) to step their dividend game up!
Dividend income increases
Okay, not too bad actually here. I just read that Canadian Imperial (CM) increased their dividend slightly and based on the exchange rate – that produced a nice 3.05% growth for me just in the quarter alone. They’ve been doing small increases almost each quarter and I can’t deny it – it definitely is fun and exciting, that’s for sure. Further, reliable Pepsi (PEP) announced a solid increase, which added another $5.32 going forward. Not too bad, and this was comparable to last month’s $17.81 additional income that was created from dividend increases. Fairly consistent here.
Conclusion & Summary
As I discussed back then with my normal monthly expenditures at the moment, this $266 would cover 28% of my average $942 monthly expense for my house, including utilities; this is also up from 22% last year, so we are going int he right direction. All of the investing from last year and moves this year, show being frugal to save 60% of my income help me in achieving lofty goals that I set in place for my 2016 year. What do you guys think of my month of May? Make any new investments in the “stable”/”overpriced” market? Always an exciting post to read from others. Please share your insight and comments and thank YOU again for stopping by!