October 2016 Dividend Income

Hundred dollar bills in dividend incomeIt is a new month once again and to continue my awesome streak of monthly dividend income reporting, it is that time once again to tally up all those dollar bills that magically flew into my brokerage account. These are my lowest dividend income producing months, though as you will see I still managed to increase the dividend income with double digit growth. Primarily it was due to acquisitions that occurred a few months ago such at VIAB purchase and some as I like to call the automatic annual dividend raises from a few holdings. Also, this month’s purchase of STAG did not make the ex-dividend date cut and will be payed forever going forward on monthly basis.

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 October, I have received a total of 7 diversified direct deposits in the form of dividends straight to my brokerage account. Here are the dividends.

 

 Coca Cola Co. (KO) $9.80
 Reynolds American, Inc. (RAI) $21.62
 Viacom, Inc. (VIAB) $9.00
 Kimberly-Clark Corp. (KMB) $9.28
 Phillip Morris International, Inc. (PM) $58.77
 Realty Income Corp. (O) $9.80
 The Buckle, Inc. (BKE) $7.57
Total $125.84

 

When statistically comparing last years dividend income total from October 2015 to October 2016, it represents a positive 34.6% for a year over year increased dividend growth. The growth difference from last quarter is positive 10.7% for a quarter over quarter increased dividend growth.

I will DRIP the following upcoming month: BKE, COP, KMI, MAT, TROW, UNP, VIAB & WFC.

The dividend income page is updated accordingly.

Thank you for reading & have a great day!

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8 Comments

  1. Doug Arnold on November 1, 2016 at 22:06

    Awesome job. 34 percent YOY is awesome and it will always continue to grow and really be helped by Stag with those monthly checks coming in

    • DividendVet on November 2, 2016 at 19:02

      Much appreciated! Slowly but surely moving in the right direction, plus acquisitions like STAG will just get things moving quicker over time. Can’t wait for that monthly check!

      Thanks for commenting.

  2. DivHut on November 2, 2016 at 02:08

    Solid total for the month and great year over year growth. It’s awesome seeing double digit growth and it just reinforces what we are doing by creating an ever increasing passive income stream. Look forward to seeing STAG in your next report. That’s a REIT along with APLE that recently caught my eye. Thanks for sharing.

    • DividendVet on November 2, 2016 at 19:15

      Thanks, that is the ultimate holy grail of investing, having multiple streams of passive cashflow coming from all kinds of different industries. The key word is PASSIVE, because active income doesn’t even compare and anyways making money while you sleep is much more fun.

      Take care.

  3. Nathan on November 2, 2016 at 19:03

    Great job Dividend Vet. Nice YoY growth. Just another example of the power of dividend investing. VIAB is probably treating you well. I saw a few weeks ago that a merger with CBS is possibly in the works again. This should bolster both stocks for a while.

    • DividendVet on November 2, 2016 at 19:30

      Thanks Nathan, what is not to love, my smile is ear to ear and while its still small it will only get bigger and better.

      VIAB was ok if an acquisition. Shortly after buying some shares, the company cut its dividend by 50%, but while the company is going through some struggles I think it will refocus and will be in a much better position in the future.

      Cheers!

  4. DIBuilder on November 17, 2016 at 14:34

    Dear DividendVet, USD 125.84 sounds like a good month to me and the year over year growth rate is awesome! Well done!

    • DividendVet on November 17, 2016 at 19:22

      Much appreciated and thanks for the support.

      All the best!

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