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Mar 02 2019

Dividend Income Report: February 2019

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Thus ends February. Here in the Pacific Northwest, the weather has been quite cold (and expected to get colder heading as March unfolds) and we’ve had a bit of snowfall west of the Cascades. Winter isn’t over yet, and it’s going to throw a final punch or two before transitioning into spring. As for my dividend investing portfolio, following the tumultuous December and January’s recovery, February was a bland month as my portfolio’s value didn’t change all that much. I think it will be some time before it regains its 2018 high point.

So how was my dividend income for February? Let’s do the numbers and find out!

AWP $ 55.00
BGY $ 33.80
CHW $ 21.00*
CIK $ 22.50*
CLM $ 41.06*
DHY $ 33.25
DMF $ 10.50
DSM $ 19.25
EAD $ 9.63
EDF $ 45.00*
EHI $ 24.40
EXG $ 92.40*
FGB $148.75
NCV $ 45.50
OHI $148.50
OIA $ 4.10
PFN $ 36.00
RA $ 69.85
VFL $ 15.00
ZTR $ 33.90
TOTAL $909.44 est.

* Includes Return of Capital

Nice! While not as awesome as last month’s record breaker, $909.44 makes February a solid month.

Despite being a good month, the pain of the dividend cuts mentioned last month is being felt, as February’s dividend total could have been better. And as expected at the start of the new year, the dividend cuts just keep coming. HQL announced a dividend cut, reducing its dividend from 42 cents per share to 33 cents (a -21.4% reduction, or -$5.25 per month for me). The only good thing is that HQL has a somewhat erratic dividend, so there’s a good chance it may go up in the near future.

Other than the above, there’s not much else to report. February dividends were quite good, but I have my concerns about March as the last month of each quarter is always my worst performing month.

Image Credit: jarmoluk (pixabay.com)

 

6 comments

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  1. My Dividend Dynasty

    Hi DQ! Even with the dividend cuts, you still pulled off a really good month. We both had a similar total this month, with only like a $10 difference, lol. Here in the Northeast we had a bit of snow yesterday and another snow storm is coming tonight. Looks like winter is going to last, at least until mid-march. As long as the dividends keep coming in, all is good. 🙂

    1. Dividend Quest

      Thanks MDD! I’m glad to hear February was good to you too. It always feels good getting paid doing nothing, doesn’t it? Yeah, I’m not crazy about the prolonged winter, but at least I don’t have to do any outdoor work at my house.

  2. 3P

    Any month where you are clearing nearly $1000 in dividend income is an excellent month! Also love the huge bump from Omega

    Cheers

    1. Dividend Quest

      Thanks for visiting 3P. Yep, it’s always nice making nearly $1K in passive income. It sure beats the days of only averaging $400 every month just six years ago.

  3. Passivecanadianincome

    nice quest, a solid total. This is my worst month of the quarter and your hitting almost 1k. just huge.

    cuts happen/ they suck. we have all had some.

    keep it up
    cheers

    1. Dividend Quest

      Thanks for visiting! Here is how my monthly dividend income usually goes down every quarter: 1st month (January, April, July, October): the best of the quarter, high $900s and the occasional $1K. 2nd month (February, May, August, November): Fairly middling, from the high $700s to low $900s. 3rd month (March, June, September, December): the worst of the quarter, ranging from $600s to $800s.

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