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!