«

»

Oct 06 2016

Dividend Income Report for September 2016

june_monthly_report_600x200
September is over and autumn is most definitely here. Trees are shedding their leaves, the mornings are cold and dark, and the sun sets just a little bit earlier every day. The next several months will just be cold, dreary, gray, and wet. That’s life in the Pacific Northwest for the better part of the year. And if that isn’t enough to excite me, then with the colder weather will come increased electric and gas bills to help make the coming months even more pleasant. <groan>

So, let’s do the numbers and see how my dividend income for September fared:

AWP $ 32.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 54.19*
DHY $ 40.25
DMF $ 12.30
DSM $ 22.83
EAD $ 10.88
EDF $ 38.70*
EHI $ 38.50
EXG $121.95*
HHY $ 30.00
HTR $ 38.00
??? $ 1.20
NCV $ 45.50
OIA $ 4.30
PFN $ 36.00
VFL $ 16.50
TOTAL $624.10

Except for my employer’s paltry $1.20 quarterly payout, September’s dividend income came almost entirely from stocks with monthly payouts, so September was a pretty mediocre month. You can’t expect every month’s dividends to be a new high, can you?

The good news is that OIA increased its dividend 4.8% from 3.28 cents per share to 3.44 cents. With 125 shares, that means a 20 cents per month increase in dividend income! Wooooot!

The bad news is that VFL trimmed its dividend from 6.0 cents per share to 5.5 cents per share (an 8.3% cut). Fortunately, my exposure to VFL is small, so the impact of the dividend cut is modest (-$1.50 per month).

Overall, September was an unremarkable month. But that’s fine, after all it’s not like I had to trade my time for this month’s $624.10, right? 🙂

Image Credit: jarmoluk (pixabay.com)

 

8 comments

Skip to comment form

  1. Doug

    624.00 is excellent haul no matter what month it is. Keep it up and we will see this go up.

    1. Dividend Quest

      Doug, thanks for visiting and thanks for the encouragement! As long as I consistently invest every month, my dividend income is almost certainly going to keep on rising.

  2. Options Hunting

    Hey we both work for ??? company 😉

    Anytime dividend income of $624 is considered an unremarkable month, you’re doing something right. Congrats on a fine month of dividend income.

    1. Dividend Quest

      Yep, ??? company seems to employ a lot of anonymous bloggers. 🙂

      We’ll see if I’m doing something right or not. I can’t help but think of Warren Buffett’s famous quote: “Only when the tide goes out do you discover who’s been swimming naked.” We investors have been doing well the past few years as the economy and stock market recovered from the Great Recession, When in a bull market, the probability of making mistakes becomes lower than when one is in a volatile or bear market. The current bull market can’t last forever and there are some indications that a recession may be coming in the next year.

      Many of my ETF stocks are heavily leveraged, so they are quite risky. I’m pondering selling off my most risky stocks and either sit on the cash or investing in some dividend yielding stocks that are lower yield but also less risky.

  3. DivHut

    Nothing unremarkable about earning $624.10 passively??? I think it’s pretty remarkable. Even with that little cut going forward your dividend income should still come in at a nice pace. As usual, your portfolio is the most varied from all the others I see online. Nice to see passive income rolling in from all kinds of sources. By the way I was in the Pacific northwest in the summer driving up with the family. I wrote about it on DivHut and we saw some pretty amazing things. Very scenic the whole way. We started in southern California, up through Oregon and ended in Seattle. Thanks for sharing your recent update.

    1. Dividend Quest

      Thanks for visiting DivHut! In retrospect, I guess it is remarkable. Back when I began my dividend quest, a $600 month seemed like just a pipe dream. Now that it has become a regular occurrence to equal and exceed $600, it has become almost blasé. Oh how quickly we become comfortable with what was once just a dream…

      I’m glad to hear you enjoyed your drive through Oregon and Washington. Come again!

  4. leguf (Carlo)

    Hello John, I recently discovered your blog and your remarkable track record.
    Very impressive, I’m just a beginner.

    ciao – leguf

    1. Dividend Quest

      Thanks for visiting Carlo. We’ve all been beginners when comes to investing, and even when you have a few yeas of experience under your belt, you will still feel like a beginner. Investing can be a deep subject, and even when you’ve been doing it for years you can feel like a novice. A few years of investing experience won’t make you a top expert, but it will certainly make you confident in how to play the investing game.

Comments have been disabled.