February is now finished. I hope you had a great month and a great Valentine’s Day. Here in the Pacific Northwest, the month started off well, with a feeling that spring was just around the corner. But the last half of the month dashed that hope with intermittent snowfall for a week, a final parting gift of winter before the spring rainy season begins.
February was also quite the wild ride for us investors. The market dropped by over 10% which officially makes it a correction. My dividend investing portfolio’s value fell by approximately $6K, but it recovered and is now only down $4K. Since I’m investing for dividend income and not capital gains, I’m not too worried about the market’s dip.
Speaking of dividend income, it’s time to do the numbers and report how I did in February:
AWP $ 50.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 47.30*
DHY $ 38.50
DMF $ 10.50
DSM $ 19.25
EAD $ 9.03
EDF $ 45.00*
EHI $ 25.40
EXG $114.00*
FGB $148.75
NCV $ 45.50
OHI $148.50
OIA $ 4.30
PFN $ 36.00
RA $ 69.85
VFL $ 15.00
ZTR $ 33.90
TOTAL $941.78 est.
* Includes Return of Capital
Yeah! Not only was February my second $900+ month, it set a new all time monthly high. There’s a very good chance that my $1000+ month milestone may well happen this year. š
As expected in the early months of the year, dividend cuts came and inflicted their usual damage <sigh>. Here’s how it went down in February:
ā¢ EHI cuts its div 4.5% from 6.65 cents to 6.35 cents
ā¢ DMF cuts its div 14.6% from 4.10 cents to 3.50 cents
ā¢ DSM cuts its div 16.6% from 4.15 cents to 3.50 cents
Fortunately, these cuts only amounted to a $6.28 or -0.75% trim of my projected monthly average, so that’s not too bad. My next stock buy will certainly negate this damage.
Despite the cold weather, market correction, and dividend cuts February’s dividend income certainly gave me plenty of warm feelings this month. š
Image Credit: jarmoluk (pixabay.com)
Solid total for the month of Feb. Last month was a very wild ride and looks like that volatility has stayed with us in March. Nice long list of payers for the month. Being diversified sure mitigated those cuts you experienced. Keep p the good work
Thanks for visiting DH! Yep, volatility has returned to the market and that’s not a bad thing, despite what the news media would have you believe. Yes, as times goes on the two DGI stocks I own (OHI, NRZ) should increase their dividends which will eliminate the impact of February’s dividend cuts. Keep your dividend income snowball rolling!
Congrats on the great month Dividend Quest! I have no doubt you will break the $1000 mark this year. This roller coaster ride in the stock market is presenting some great buying opportunities. March should be quite interesting. š
Thanks for the kind words Dividend Dynasty! I have my fingers crossed that I’ll have a $1000 this year. That will be quite a milestone when it happens. Yep, market volatility makes for some great buying opportunities. As the great Warren Buffett said “Be fearful when others are greedy and greedy when others are fearful.”
Good job. That OHI dividend really helped this month. They did freeze the payrsises for the rest of the year but I imagine they will raise it again next year to keep their streak alive some tenants are having problem paying rents but Iād imagine once they work that out everything will fall back into place. I still have faith in it. This is an awesome month for you. Keep it up
Thanks for visiting Doug! Yep, OHI made all the difference for February. Being a quarterly dividend, I really look forward to the 2nd month of each quarter (February, May, August, November) when OHI pays out. I’m slightly bummed about the dividend freeze, but that’s better than a dividend cut.
Quest –
Massive checks there! Great inspiration to strive for. Thank you for sharing.
-Lanny
Thanks for visiting Lanny! I’m glad my modest success is inspiring to others. It takes time. It takes money. But it CAN be done. When I began my dividend investing journey nearly a decade ago, I could only dream of having enough monthly dividend income to cover my monthly rent (now mortgage) payments. Passive income is a beautiful thing to behold, and as it grows so do your options. As I often do, to again quote Timothy Ferriss “Options ā the ability to choose ā is real power.”