February 2017 dividend income report, getting close to 60k

This update follows hot on the heels of my previous dividend income report, the month is barely halfway gone but there are no more dividends in the pipeline for me this month.

February 2017 dividend income

  • Kinder Morgan: 4.36EUR
  • Colgate-Palmolive: 3.50EUR
  • Omega Healthcare Investors: 8.71EUR
  • YUM! Brands: 2.47EUR

That’s just 19.04EUR in after-taxes dividend income for February 2017, a total well below my monthly average. I just updated my spreadsheet and based on current currency exchange rates my average monthly dividend income is now close to 120EUR. It’s still far from anything resembling financial independence but it would be high enough to pay the monthly power bills.

There just aren’t a lot of companies in my portfolio that pay a dividend in February and the ones that do are rather small positions or have a low yield. Next year should a little bit higher as I recently initiated a position in Bristol-Myers Squibb (NYSE:BMY) — and they happen to pay a dividend in February.

Dividend increases

  • WDP:+6%
  • Diageo: +5%
  • Gilead: +10%
  • Sanofi: +1%
  • Novo Nordisk: +19%

I expected YUM! China to announce its first dividend this month but that didn’t happen. The company’s CFO said a review of all available options for capital allocation indicated buybacks were not the best fit. Instead, the company will be doing buybacks. So this is the first no-dividend company that snuck into my dividend growth portfolio.

A dividend increase from Coca Cola is imminent, probably as early as tomorrow.

rosie-huntington-whiteley-coca-cola-life-ad-campaign02

One new buy

  • 23 Bristol-Myers Squibb (NYSE:BMY)

I added 23 shares of BMY about two weeks ago, a biopharma company that’s a leader in immunotherapy cancer treatment. My shares were bought just a couple of percentage points above the 52-week low. At the moment, this position is up 14.5% so I’m unlikely to add more shares to this position as it’s now less attractive than at the end of January. At the time I bought it, the stock traded at a 3.2% dividend yield with a sub-60% payout ratio.

Portfolio close to hitting 60,000EUR

With the Trump rally continuing, my portfolio is regularly hitting new all-time highs. The total value of my dividend portfolio is getting very close to the €60,000 mark, with the addition of some fresh capital I will probably blast through this level by the end of the month.

To keep up to date about my dividend investing journey you can follow me on Twitter. I try to post relevant tweets on a regular basis.

How was your month? Lots of dividends or new purchases?

Advertisements

7 thoughts on “February 2017 dividend income report, getting close to 60k

  1. ambertreeleaves

    No e comment on your low dividend month.

    Is it a goal to have each month a high dividend or are you aiming for the yearly number.

    This month, I only have KMI that should hit my account. Have not seen it yet.

    Like

    Reply
    1. Dividends Are Coming Post author

      I think the ratio between my worst and best month in terms of dividend income is somewhere around 1:12. It’s a huge difference but the month a stock pays a dividend is not really one of the criteria I use before I make an investment. The goal is to grow the yearly dividend, with sort of a balance between capital growth and a satisfactory dividend income component.

      Liked by 1 person

      Reply
      1. Dividends 4 Future

        I’m pretty much on the same boat also. I prefer to look at the total year dividends. I use the monthly numbers to compare from the previous year to see how much growth is on the account. Congrats on getting to 60k, I’m catching up, I’m at about $54k

        Liked by 1 person

  2. DivHut

    Income is income even if it is below your average. Still, it’s nice to see money coming in passively no matter the amount. That BMY buy should give a nice bump to your forward income too. Thanks for sharing.

    Like

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s