February 2016 Dividend Income
Staying consistent with these dividend income reports, I would like to share another month of passive income with you guys. Like I mentioned before in my Strategy page on the site, it is not a get rich quick scheme, but a gradual building of business ownership that continuously pays increased dividend payouts every single year. Now obviously, that would be in a perfect world where not a single company in the portfolio is cutting or reducing the dividends. Though, lets face with the reality. It happens! It has happened with KMI & COP just recently. The KMI cut hurt a little bit, but my wounds heal fast. Also, some other notable stuck in the mud stocks in my portfolio are MAT, which has been dealing with CEO issues for the longest and has finally rebounded in price somewhat. Even with that, it has NOT increased its dividend since the beginning of 2014. But the point is as you can see, my portfolio is not without few bad apples, there are a lot of really great companies that have been just crushing it and upping the dividend continuously. Like clockwork. Regardless, it is continual improvement and continual steps moving forward and I would like to think of monthly dividends as those steps in the right direction.
I enjoy publishing these monthly dividend income reports as I have gained a much better understanding in how much of my passive income is coming in every month and how much it is growing over time. For the month of February, I have received a total of 8 diversified direct deposits in the form of dividends straight to my brokerage account. Overall, the KMI dividend reduction of 75% effected the month quite dramatically. Though, even with all that I am still long on KMI and will continue to hold and perhaps buy some more shares in the near future. Anyways, here are the dividends!
- AT&T, Inc. (T) – $50.59
- General Mills, Inc. (GIS) – $20.03
- Verizon Communications, Inc. (VZ) – $23.73
- Apple, Inc. (AAPL) – $14.60
- Kinder Morgan, Inc. (KMI) – $19.80
- Procter & Gamble Co. (PG) – $26.15
- Realty Income Corp. (O) – $9.63
- Costco Wholesale Corp. (COST) – $5.20
Total – $169.73
When statistically comparing last years dividend income total from February 2015 to February 2016, it represents a negative 24.7% for a year over year decreased growth. The growth difference from last quarter is negative 25.0% quarter over quarter decreased growth.
I have decided to DRIP the following this month: BKE, COP, CVX, KMI, MAT, TROW & UNP.
The dividend income page is updated accordingly.
Thank you for reading & have a great day!
Very good month, regardless of the KMI cut. I’m a KMI owner as well, and while it hurts now, I’m thinking it will recover and push forward with growth. Thanks for sharing the February income and I look forward to seeing how March will turn out.
Much appreciate the support! It will be interesting how this whole oil fiasco will unfold in the next few years, but I do believe KMI will be in a much better position later down the road. Also, Warren Buffett just recently purchased a stake in KMI also, so there has to be something there he sees too.
Either way, looking to make a big splash in March Dividend Income!
Thanks for sharing your recent dividend income with us. Just a couple names in common for the month between our portfolios and as you said cuts do happen. It’s part of being in this game. I always say that even the bluest of blue chips sometimes cut their divvys. I experienced a GE and WFC cut a few years ago at a time when it was considered unthinkable that those names would ever cut. It happens. I held on and bought more, as you say you might do with your KMI. If you still believe in the industry and company and nothing has inherently changed then I agree, buy more.
Absolutely, there is not a single company without at least small portion of risk due to so many variables that could happen, and sometimes it does happen. Though, I see each and every dividend cut as a lesson in that specific business environment. I always keep a positive attitude and believe that even negative things are simply challenges that elevates our growth and experience as an investor.
Yes, KMI is a strong buy at this time for me, though there is a few other notables.
Thanks for your thoughts.
We share a lot of similar February stock names. Pulling in close to $200 is fantastic especially considering that February is a low dividend payout month. You’ve got some solid players that I want to add to my portfolio in time, PG, VZ to name a few. Keep up the good work DV.
Few hundred buck here, few hundred bucks there, and over time it can pile up nicely. Especially the way I am reinvesting everything, it it churning itself and helps me to save more money over time.
I was actually looking at VZ here just recently. Also, looking at HD, CLX, & KMI as future acquisitions.
Lets keep the motivation going!
The decrease is unfortunate, but as long as you buy quality companies consistently, your wounds will heal even faster!
On the bright side, it looks like you did not own any BBL stocks, by the time they cut their dividend.
Best wishes, DfS
Absolutely, consistency has been a huge key to investing and building passive income. I just focus on the stuff I can control, which is save money and deeply that cash. I didn’t get to where I am at in my portfolio overnight.
Yes, BBL was another disaster I am so glad that I missed. I was never fond of mining companies anyways. Interestingly, I am finding out more and more that the stocks that I purchased from guidance of others I did worse off, than buying those that I have picked from my own analysis.
Good hearing from you!
Even with the dicrease YoY it is still great dividend income in my terms 🙂
Keep the snowball rolling and next year it will be better.
Sharon – Divorcedff
The KMI decrease in dividend income is reflected this month. Though either way, the train continues.
Thanks for being positive.
You just have to love AT&T. They’ve been a great performer in my portfolio as well. Aside from just pulling their own weight with great payouts, their stock performs insanely well as well. Let’s keep the dividend train rolling!
An interesting fact about AT&T is that it was my first dividend stock I purchased. Over the years the dividend growth has been somewhat slow in the 2-5% range, but the higher dividend yield sure makes up for it in the long run. Definitely been a good holding. Glad it worked out for the both of us!