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.
- 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.
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?
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.
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.
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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
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Nice little income here. Keep it growing. And to top it off you have some nice increases.
Thanks, lets hope for a lot more strong dividend increases to come!
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.
Indeed, one of the things I like most about DGI is seeing money come in on a regular basis, and seeing companies I own reward shareholders with higher dividends. Thanks for stopping by.