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Feb 01 2019

Dividend Income Report: January 2019

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I hope the new year is treating you and your investments well. After December’s steep drop (-20% from its 2018 high point!) of my dividend investing portfolio, January has proved that the stomach-churning turmoil of December was largely a correction and the market has clawed its way back up. At the end of January, my portfolio’s value is only down 6% from its 2018 high point. That’s not bad at all, and I sleep much better knowing it isn’t 2008-2009 all over again. Whew!

Well, let’s do the numbers and see how I fared in January:

AWP $ 55.00
AWP $ 55.00
BGY $ 33.80*
CHW $ 21.00*
CIK $ 22.50*
CLM $ 41.06
CODI $144.00
DHY $ 35.00
DMF $ 10.50
DSM $ 19.25
EAD $ 9.68
EDF $ 45.00*
EXG $ 92.40*
NCV $ 45.50
NRZ $160.00
OIA $ 4.10
PFN $ 36.00
PNNT $ 81.00
RA $ 69.85
USA $ 24.00
VFL $ 15.00
ZTR $ 33.90
TOTAL $1053.54

* Includes Return of Capital

Wow! I had my third $1000+ month! Sweeeeeet! It’s awesome to see that, despite the market turmoil during the past three months, the dividend income snowball just keeps rolling along and is slowly growing. Thanks to stock buys in the 4th quarter (AWP, NRZ, USA) and AWP’s overdue payout from December, January’s dividend income set a new high for me and was a little bit closer to reaching the $1100 milestone.!

Still, January wasn’t all peaches and cream. Just as I feared, dividend cuts struck during this first quarter of the new year. Early this month USA announced a 1 cent per share dividend cut, reducing it to 15 cents per share (-6.25% or -$2.75 per quarter). EAD also announced a dividend cut taking effect in March, reducing its monthly dividend from 6.10 cents per share to 5.979 cents per share (-1.98% or -$0.19 per month). CLM slashed its monthly dividend from 23.65 cents per share to 20.53 cents (-13.2% or -$6.24 per month). And finally, EXG slashed its monthly dividend from 7.6 cents per share to 6.16 cents (-18.9% or -$21.6 per month). These cuts will certainly hurt a bit, as my projected monthly dividend income will fall 3.17% from $906.69 to $877.94. Ouch!

Overall, January was a very good month. My portfolio’s value recovered quite a bit from the hammering it endured throughout December. Thanks to 4th quarter stock buys and AWP’s overdue dividend payout, January got a little boost. Finally, January saw a few somewhat painful dividend cuts that will affect future dividend income. It is, as I’ve often said, a four steps forward and one step back process.

Image Credit: jarmoluk (pixabay.com)

 

8 comments

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  1. My Dividend Dynasty

    Great month DQ! Congrats on passing $1K+ mark for a third time! I’m still looking to hit $1K for a first time, lol. Keep up the great work! 🙂

    1. Dividend Quest

      Thanks Dividend Dynasty! Stick with it and you too will have a $1K month. It’s all a matter of time and consistently making new dividend stock buys.

  2. A Frugal Family's Journey

    Congrats on surpassing the $1K mark for the third time…that is such an awesome feat! Our family is so far behind. We just broke the $500 mark for the first time. 🙂

    Best wishes and continued success on your journey! AFFJ

    1. Dividend Quest

      Thanks for visiting Frugal Family! Congrats on having a $500 month. It takes time, but it CAN be done. Keep investing regularly and you’ll eventually reach the $1K milestone.

  3. dsfi

    Congrats on passing $1K. It is very impressing! Keep it up! Cheers!

    1. Dividend Quest

      Hi dsfi! This is only my third $1K month, but I hope it will be the third of many future $1K months.

  4. Doug

    Good job on your third 1000,00 month always good no matter what month it comes in. Keep it up

    1. Dividend Quest

      Hi Doug! Yep, a $1K month is always a good thing, especially when it’s earned without exchanging time for it!

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