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Apr 03 2016

Dividend Income Report for March 2016

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March is gone and with it the cold, dreary grayshine of Pacific Northwest weather. The flora is starting to bloom and sunny days are becoming more frequent as winter transitions to spring. Mrs. Dividend Quest and I have already gotten into the groove by doing some simple yard-work and garage reorganization and cleaning. Yes, spring is here! And just as predictably, another month’s dividend payouts arrived in March.

So how did March go? Let’s get down to it and do the numbers…

AWP $ 3.50*
BGY $ 49.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 54.19*
DHY $ 42.00
DMF $ 13.50
DSM $ 22.83
EDF $ 13.50*
EHI $ 35.61
EXG $121.95*
HHY $ 37.50
HQL $ 48.00
HTR $ 38.00
??? $ 1.05**
NCV $ 45.50
OIA $ 4.10
PFN $ 36.00
VFL $ 18.00
TOTAL $627.23

* Includes Return of Capital.
** My employer’s stock, which shall remain anonymous.

As expected, I knew the great numbers I’ve been getting the past few months weren’t going to last forever and some lackluster months were in the future. While $627.23, is certainly nothing to be disappointed in, March 2016 was only modestly better than March 2015’s $595.01, so March wasn’t exactly a month to rave about.

The end of March also closes the books on 2016’s first quarter. Overall, 1Q16 was pretty good with a total of $2047.79, a record high for quarterly totals. Compared to Q1 2015’s total of $1714.88, that’s a 19.4% increase. Not bad at all. 🙂 If I can maintain an annual dividend income growth rate of approximately 20%, then I should be on track to reach my projected average monthly dividend income goal of $750.

March was a so-so month, and I’m fine with that, especially when I remind myself that I didn’t have to trade my time to make that $627.23. I only spent a couple hours at most doing stock research in early March to make my most recent buy, so while my dividend income wasn’t 100% passive, it was certainly quite close.

Image Credit: jarmoluk (pixabay.com)

 

5 comments

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  1. Investment Hunting

    Nice work. March was a fantastic dividend month for you. What I really like is that you and I both captured a lot of dividend income this month, yet we share no names in common. This means I have a lot of homework to do. I need to research your portfolio and see what I should buy next.

    1. Dividend Quest

      Thanks for visiting Investment Hunting! I’m glad March was good to you and hope April proves to be as good. My portfolio is certain unorthodox, eschewing the much more common dividend growth investing approach and instead going for high yield ETFs. Risky? Very. But I’m getting yields that are approximately three times what I would get with a DGI approach. In the long term, I have no idea how my approach will play out, but so far it seems to be doing well.

  2. DivHut

    Nothing wrong with what you brought in for March even if your year over year growth wasn’t too hot. Growth is growth. As IH commented above, we also share no names in common for the month but I guess that’s to be expected considering the manner in which you are investing going after the very high current yield instead of just dividend growth. Keep on generating that passive income. Thanks for sharing.

  3. Mantras

    Awesome! Realy inspiring post. I am always motivate after reading your blogs. Thanks for the insights.

    1. Dividend Quest

      Thanks for visiting Mantras! I’m glad that my little blog has provided you some motivation and insight.

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