September 2015 Dividend Income

 

Well it feels like it has been ages since I’ve posted an article.  Over the past month I have been incredibly busy with my day job and some other ventures so I just haven’t had the time.  But I’m back and excited to share my best month so far as a dividend growth investor!

For those of you who are not familiar with my blog and portfolios, the Dividend Empire portfolio is strictly for my child, future children, their children and beyond.  I will never touch the money.  The Dividend Retirement portfolio will hopefully pay for my early retirement one day before eventually merging with the Empire portfolio.

Below I will report my dividend income for September and my progress towards reaching my dividend related goals for both of these portfolios.

Dividend Income

Last month I received a total of $476.83 in my two portfolios: $97.05 in my Empire portfolio and $379.78 in my Retirement portfolio.  When compared to my June dividend income, these numbers represent a 65% increase for the Empire portfolio and a 100% increase for the Retirement portfolio!  Here are the details:

Dividend Income by Month

Most of these increases can be attributed to new purchases but I’ve also been reinvesting my dividends in the Empire portfolio and I’ve received a couple of pay raises in my Retirement portfolio (CMI & O).

The numbers look even better when comparing my quarterly progress:

Dividend Income by Quarter

My dividend income has increased 69% quarter to quarter in the Empire portfolio and 152% in the Retirement portfolio.  Part of these large increases stems from the fact that I did not receive any dividends in April.  Even so, I am quite pleased with the progress.

Here is a breakdown of the companies that paid me in September:

September 2015 Dividend Payments

Overall I received 10 payments in the Empire portfolio and 19 payments in my Retirement portfolio.

I am currently automatically reinvesting all dividends in my Empire portfolio (except for stocks held in Loyal3) until my income reaches $500/quarter.  The stocks purchased through these reinvestments added $3.46 to my forward annual income.

Dividend reinvesting is not available in my Retirement portfolio (except for AMGN) so all dividends are taken as cash and selectively reinvested.

Pay raises:

I received 3 pay raises last month which added $0.52 forward income to my Empire portfolio and $14.75 to my Retirement portfolio.

September 2015 Dividend Increases

 

Annual Dividend Goals

I have set annual dividend goals for both of my portfolios when I first started out back in March.  My goal was to receive at least $500 in the Empire portfolio and $1500 in the Retirement portfolio.  Here is my progress against these dividend income goals:

September 2015 Dividend Progress Goal

Both graphs look much better than they did last month.  The Empire “Dividends Received” line has nearly crossed over the goal pace and I am set beat my goal handily.

Over the past two months I have been saying that my Retirement portfolio annual goal is way out of reach but I’m a bit more optimistic now.  September was a monster month and brought me much closer to the pace.  With a few more purchases I might be able to get there.

That’s it for my dividend income update.  I have added my dividend income to my Historical Data page where I have organized all of my monthly incomes, updates and screens (with links).  I’ll post a portfolio update over the next couple of days to update the overall performance of both portfolios as well as my progress towards the rest of my goals.

Thanks for reading and I hope everyone had a great September!

Disclosure: Long all stocks mentioned in this article.

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14 Responses

  1. DivHut says:

    Whether its from your own portfolio or your family legacy portfolio that’s an impressive dividend total no matter how you look at it. I see a few names in common between our portfolios for the month of September and a name or two that I’d like to add to my portfolio(s) one day like TROW. Thanks for sharing.

  2. Vivianne says:

    Most of your buys are also in the late 3rd quarter, so the last quarter you will finish strong, no doubt.

    It’s cool that you can buy individual stock on your retirement account. I’d do it of my company let me.

    • Dividend Empire Dividend Empire says:

      You are absolutely right Vivianne. I’m looking for a strong finish to the year and hopefully I can hit all of my goals.

      It is cool that I’m able to buy individual stocks in my 401k but there is a catch. I have an annual fee to deal with and $15/trade commissions. Fortunately both of these become negligible as my portfolio value grows.

      Thanks for stopping by!

      Ken

  3. Looking good Ken!

    $476 bucks is HUGE! Keep up the fantastic work!

    It will be interesting to see what happens in the next few weeks… hopefully the market will give us a few more buying opportunities.

    Blake

    • Dividend Empire Dividend Empire says:

      Thanks Blake! I’m with you – hopefully we get another big drop in the market. I’ve been on the sidelines for the most part over the last month and I’m itching to pull the trigger.

      Take care,

      Ken

  4. Jason Fieber says:

    Ken,

    Awesome work with both portfolios. That’s a big month right there across the board with a lot of high-quality companies sending you a check. Easiest check you’ll ever make! And the raises are even easier. :)

    Keep up the great work. Looks like you’re set to have a nice run in the last quarter.

    Cheers!

    • Dividend Empire Dividend Empire says:

      Thanks Jason! I can’t wait to see my totals at the end of the year. As always – congrats on your record breaking month. Over $1k in a month is astonishing!

      Ken

  5. DE,
    Nice work! Thats a great sum for one month…Keep up the great work!
    Keep in touch
    LOMD

    • Dividend Empire Dividend Empire says:

      Thanks LOMD! I noticed that you are making a ton of purchases over there so I’m looking forward to seeing your numbers.

      Take care,

      Ken

  6. Kevin B says:

    Great work! So organized and great progress. Thanks for the inspiration!

    • Dividend Empire Dividend Empire says:

      Thank you Kevin! Nice to have my first big month under my belt. Hopefully I can continue growing the portfolios at this rate.

      Ken

  7. divorcedff says:

    DE

    Great dividend income, and great progress QoQ. Great to get those checks payments without working a single day for them.

    Keep the snowball rolling.

    Divorcedff – Sharon

    • Dividend Empire Dividend Empire says:

      Absolutely! It seemed like every time I checked my email I was receiving another dividend. I’m looking forward to some big dividend increases from some of these companies so the snowball should really take off!

      Take care,

      Ken

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