After a record-breaking December dividend income report that provided just shy of $4,000 in dividend income and nearly $14,000 of income when including capital gains distributions, I knew that January was going to be a drastic change.
However, while the January total is nowhere near what December provided, it is all part of the process of planting seeds that grow into a solid dividend portfolio.
On the bright side, January is also my lowest paying month of the entire year and therefore I know that every month moving forward will provide higher dividends.
Let’s get on to the good stuff!
January 2019 Dividend Income Summary
With the start of a new calendar year, the stock market appeared to forget about the terrible slide that we had in December and recovered quite well.
That recovery brought fewer buying opportunities for the companies that I was watching, or at least opportunities to add shares at a significant discount. But as we all know and love, none of that slowed down the dividends from rolling in!
The month of January brought in a respectable $350.67 in dividend income that was broken down as follows:
- Brokerage: $197.07
- IRA: $153.60
- Retirement: $0.00
As I mentioned, these numbers are a far cry from what I earned in December but that is to be expected as the quarter opening month is my quietest month of the entire year.
Let’s look at all of the individual dividends received:
|Ticker||January 2019||January 2018|
|YoY Growth||Amazing =)|
There will only be a few more months where I don’t have the ability to truly calculate a YoY growth. The bulk of my portfolio was not established until May of last year, so I am looking forward to having some real data to show growth.
Here are the numbers from the holdings in my Rollover IRA:
|Ticker||January 2019||January 2019|
|YoY Growth||Superb =)|
All of these dividends were reinvested and have added an additional $19.88 in projected annual dividend income!
That surpasses December as my 2nd largest month in terms of PADI generated solely by reinvested dividends, and is the third consecutive double-digit increase. This missed becoming the highest month by less than a dollar.
January 2019 Purchases
As the stocks that I was watching in January did not present many buying opportunities, things were a bit quiet in terms of the number of transactions. However, I was still able to deploy a healthy amount of capital with purchases totaling $3,339.25 of new capital.
As a quick recap of the January purchases:
The purchases break down as follows, including the amount of additional PADI generated:
- MMM :: 10 shares @ $183.95/share that added $54.40 in PADI
- MO :: 35 shares @ $42.85/share that added $112.00 in PADI
Overall, these purchases raised my projected annual dividend income by a healthy $166.40.
January 2019 Dividend Raises
There is no better way to start the year than with a few dividend raises, and January checked in with a whopping eight dividend raises.
Unfortunately there was only one double-digit raise, which was AbbVie with their solid 11.46% increase. The remainder of the raises were mostly in the 3-4% range, with CMS Energy being the 2nd highest at 6.99%.
Here you can see the impact of these raises:
These eight raises combined resulted in an increase of $73.21 in projected annual dividend income.
This is a new record in terms of overall PADI increase as a result of dividend raises, with $15.33 of this being in my brokerage account.
The month of February is only two business days old and I’ve already received raises from Simon Property Group and Meredith Corporation (which I had expected to be the last week of January but they pushed into February). There should be raises from Genuine Parts Company, Home Depot, The Coca-Cola Company, NextEra Energy, and Prudential Financial as well.
I am also expecting a raise from 3M, as they are another company that usually announces their raise either the last week of January or early February. There was no raise in January, so hoping that they come through now.
If all of these pan out, that would result in nine raises in February!
While January is a quiet month, I am encouraged by the chart below that shows the overall January total has exceeded the total from 8 out of 12 months in 2018.
Looking solely at my brokerage account, being just shy of $200.00 means that I still have quite a ways to go if I want to reach the type of numbers that I mentioned in my fun with charts post the other day.
However, seeing the dividend tripod at work is a beautiful thing:
The three legs of the dividend tripod added a robust $259.49 in total PADI.
For my brokerage account, that has now pushed me over the $4,000 PADI milestone and has me chipping away at my goal of reaching $6,500 before the end of the year.
With a goal of reaching $4,500 in received dividends from my brokerage account, one might look at the total from this month and think there is no way possible to reach that goal. However, with consistent capital investments, reinvested dividends, and what I hope will be a steady stream of dividend raises, I am still confident I can reach my goal.
Not only that, but a slow start only lights my fire even more to bust my tail to keep feeding the dividend machine.
How was your month of January?
Was it quiet month for you as well, or are you setting new records?