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Nov 02 2014

Dividend Income Report for October 2014

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Financially, October was a rather uneventful month, which can be a good thing. I didn’t have any unexpected expenses to take a bite out of my wallet, so I was able to stash some cash into savings and have my checking account be where I want at the end of the month (tip: always keep a sufficiently large buffer in your checking account to be able to handle surprise expenditures).

When the mid-month drop in the stock market was underway, I held off from making any buys thinking that the much anticipated and dreaded “market correction” had arrived and that the market would continue its slide downward. But it seems that the bull market still has some life in it and the Dow climbed back up to its late September level. The few stocks that I have an eye on are near their 52-week highs, so the second half of the month had almost no clear buying opportunities for me. On the bright side, I have plenty of cash at the ready for buys when the next opportunity arises.

So let’s do the numbers for October’s dividend income:

BGY $ 56.00*
BGY $112.00*
CFP $ 77.30*
CIK $ 22.00*
DHY $ 42.00
DMF $ 10.50
DSM $ 26.13
EXG $121.95
HTR $ 28.50
NCV $ 63.00
OIA $ 4.10
PFN $ 30.00
RSO $ 24.00
TOTAL $617.48

* Includes Return of Capital.

Yes, BGY paid out twice in October! It paid out at 5.6 cents per share, and paid out again at 11.2 cents. This makes up for September’s lost income due to BGY’s switch from quarterly ($167.85/quarter) to monthly ($56.00/month) payouts. Thanks to BGY’s extra payout, this month’s dividend income is a record high for me, crossing the $600 line for the first time. Yeah!! With lower than usual expenses and higher than usual dividend income, October was a good month for me.

With no stock buys in October, my projected average monthly income is unchanged from the previous month: $515.23. Also unchanged is my projected average daily (24-hours) income is $16.94/day, average hourly income is 70.6 cents, and average minute income is 1.18 cents.

My dividend income machine just keeps doing its thing, consistently generating money that’s fed back into the machine for greater output. I like it!

Image Credit: jarmoluk (pixabay.com)

 

2 comments

  1. DivHut

    Thanks for sharing your recent dividend income with us. Averaging over $500 a month in passive income is a great milestone and real money no matter how you look at it. I have to say your portfolio is probably the most diverse from any of the dividend income bloggers online. Always cool to see and learn about new portfolios and the methodology of other investors. Look forward to your next update.

  2. Dividend Quest

    Glad you enjoyed the post. Crossing the $500 mark certainly was a major milestone, as it means the dividend machine is producing truly meaningful payouts every month. With 15 positions, my portfolio is becoming more diversified, but I plan on adding another 5-10 positions to further diversify my holdings. Anything more than 25 positions and my ability to effectively manage the portfolio becomes seriously degraded.

    My portfolio is rather unorthodox, investing in higher yield ETFs instead of corporate stocks with growing dividend yields, which is the approach of most dividend income investors. Only time will tell if my strategy is sound or not, but for now it seems to be working reasonably well.

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