Quarter 1 of 2016 is officially in the books, which means a quarter end month of dividend income has occurred! The reason why I specifically mention the quarter-end, as this is typically a larger than normal month for dividend income, as there are substantially more payers in the U.S. that pay on those specific months as opposed to others. This also marks my fifth busy season as an auditor being completed and I can wake up on Saturday not feeling like I need to be working for the firm, feels nice. This is also one of the exciting time periods where we will read on individuals breaking their record for dividend income for the month! All great news here. Without any more introduction, let’s take a look at what Dividend Income was received for March 2016!
Well, the market hasn’t laid on too many opportunities for us, but we still have stocks on our watch list. Nothing too crazy has happened, so this was very tough and easy at the same. Slow and study or keep it simple stupid or uhm… you get the drill. This isn’t anything wild but here is the March of 2016 stock watch list!
Well, well, well. Looks like another month has finally come to a close. We are in the first couple of weeks of a new month, so you know what that means… it is time to post my monthly dividend income update. What seems to be a recurring theme, Lanny beat me to the punch and published his February income summary last week. I want to echo everything the commenters said about his month. He crushed it and increased his February dividend income 43% compared to 2015. That was with KMI’s dividend cut. Congrats on the awesome month Lanny! Internally, I created this competition to defeat Lanny in terms of a dividend growth rate each month. 43% is a high bar to surpass, so let’s see if my dividend income in February grew more than his. Time to check out the results.
Another month down and 1/6th of the way there for the full year. It was 64 degrees in Cleveland during the final days of February and I cannot believe the weather is acting the same as the market – just never know what you’ll get! February was a very rollercoaster month, first with the news from BBL’s dividend cut that definitely left me feeling some pain, but also new inspiration to get back on the horse and trudge forward, because that’s all we can do! Without further-a-do, let’s see how February played out for me!
Wow….January just flew by. One giant blur to me. As I take some time to reflect on the month, I realize just how large of a roller coaster ride it was. Whether it was the wild swings of Mr. Market, receiving dividends, or purchasing a couple of stocks (ADM at the beginning of the month and CZNC at the end of the month), I always had something fun and exciting to look forward to. So now, just like every month, I took a step back and reviewed my monthly dividend income summary to see how my income stacked up against the same month in the previous quarter and the previous year. Let’s check it out!
Well…well…well….it looks like January ended the same way it started for me….with buying a stock! At the beginning of the month I was able to add to my stake in ADM, a darling of the dividend investors community of late due to drop in stock price over the last few months. And after the boom that occurred at the end of the month, I was happy I purchased shares in ADM when I did. After my ADM purchase, there was a little bit of a lull period when I sat on the sidelines as the madness unfolded. Until the end of the month, when I accidentally stumbled on a great opportunity. You guessed it, I purchased some additional shares of one of my Roth holdings Citizens and Northern Corporation (CZNC). See why I purchased more shares in this community bank.
Breaking News! The stock market had an insane week last week. Every day was an exciting new chapter. On Friday, the thrilling conclusion, the S&P 500 closed down 2.38% and this wasn’t even the lowest point of the day. Bottom line is that there are many great stocks available at a discount right now and investors have been scooping them up left and right. Heck, Lanny and I were both active as we both added to our stakes in ADM (See Bert’s purchase summary here and Lanny’s here). With each subsequent red day in the market I become more motivated to add a rock-solid dividend paying company to my portfolio that I can buy and hold till I reach financial independence. During times like these, I decided to look no further than my list of 5 “Always Buy” stocks to determine which one of these companies is trading at a price that may be too low to resist.