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Dec 02 2016

Dividend Income Report for November 2016

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Goodbye November! Here in the Pacific Northwest, November has been a soggy, dreary month as not a week went by without at least one heavy rain. The few sunny days we got always seemed to land on weekdays and not weekends. Grrrrrr! On the bright side, Thanksgiving with the in-laws was pleasant and we made a little progress in clearing out the garage the following weekend. With November now done, it’s time to do the numbers and see how the month’s dividend payouts went…

AWP $ 41.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 54.19*
DHT $ 2.40
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
NCV $ 45.50
OIA $ 4.30
PFN $ 36.00
VFL $ 16.50
TOTAL $634.30

* Includes Return of Capital

November’s $634.30 was no great achievement when compared to more recent months’ dividend totals (three cheers for October!). Almost all of November’s dividends came from monthly payouts, with only one quarterly stock paying out.

For the first time in a long time, I went an entire month without buying any stocks. I expected plenty of post-election volatility, but instead the market rallied as the market digested the election results in the days and weeks after the election. Since I didn’t buy any stocks, I have built up a modest cash reserve for when I’m ready to pull the trigger and add more stocks to my portfolio.

The only quarterly stock that did pay in November was DHT, but its dividend was slashed from 23 cents per share per quarter to 2 cents. That means the expected $27.60 dividend payout went became a paltry $2.40 (a $25.20 cut or in other words a 91.3% cut!). S**t. That’s going to hurt a little.

Fortunately, I knew it was a pretty risky stock so I didn’t go deep on it and limited its weight to 1.22% of my projected annual dividend income. Because whenever you find a stock with a dividend yield of over 20%, it always has a big blinking neon sign above it that says “This investment is risky! Proceed with caution!”

Overall, November’s dividend total made it an okay month. Not great, but not all that bad either. And since I didn’t trade my time for November’s $634.30, it’s definitely not a bad month.

Image Credit: jarmoluk (pixabay.com)

 

4 comments

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  1. Doug

    Even with the drop you are still kicking butt and taking names

    1. Dividend Quest

      Thanks for visiting Doug! Yep, the damage from the dividend cut isn’t that much since I have such a small exposure to DHT. And when I think of where my average dividend income was last year ($654.88 at the time), it’s clear that my dividend income is certainly growing. I don’t exactly feel like I’m kicking butt and taking names, but I am making good progress on this quest for passive income, and that’s a good feeling.

  2. Passive Income Dude

    Great job on November. You definitely beat me! (if it were a competition ;). Take care!

    1. Dividend Quest

      Thanks for visiting Dude! I may be ahead of you for dividend income, but you have more streams of income than I do, so you’re certainly beating me.

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