More Dividends Update from October 2019
August turned out to be a pretty good month for More Dividends! I saw a lot of growth organically in the portfolio. Plus I was able to make some new additions to the portfolio. I am excited to see what the future holds for the portfolio because I am truly enjoying the journey that it has taken me on so far. I continue to look for good opportunities to either start new positions or strengthen some existing positions.
The month of October brought a very interesting change. During the month, my broker decided to start offering $0 trade commission fees. So I have started to make smaller purchases of stocks. This month, I was able to add small amounts to some of my existing positions.
Cardinal Health (CAH) – 5 shares
Johnson & Johnson (JNJ) – 3 shares
ExxonMobil (XOM) – 4 shares
This month provided me with a new 1st month of the quarter high record. I saw a 56% growth in quarter over quarter comparison.
Cardinal Health (CAH) – $4.96 – Reinvested
Genuine Parts (GPC) – $4.82 – Reinvested
Coca Cola (KO) – $6.03 – Reinvested
Manhattan Bridge Capital (LOAN) – $.68 – Reinvested
Altria Group (MO) – $35.01 – Reinvested
Realty Income (O) – $6.30 – Reinvested
STAG Industrial (STAG) – $1.31
October was the first month of Q4 and accounted for $59.11 of my 2019 Dividend Income.
In total during 2019, I have earned $735.35 in dividend income!
So far my dividends received looks like this
Dividends Received By Year
Year over year, I saw a 150% increase in dividends earned during the month of October. Some additions have occurred which have affected this year over year growth.
The small additions to the portfolio didn’t make a large impact to the asset allocation! Overall, the allocation is still well diversified.
The portfolio has been on a big rally the past few months. Plus my recent additions to the portfolio has helped build propelled the portfolio value to over $30K. I am really starting to see the effects of the compounding. I will continue to make well calculated buys but it is seeming a bit harder while the markets are reaching all time highs.
Here are the articles that I posted on MoreDividends.com during October from oldest to newest.
More Dividends Update from September 2019
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My first month of the quarter has really started to blossom. It has made a huge leap since last quarter and I look forward to seeing how much of a leap that it can make before January!
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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Congrats on a solid October Jason! My broker also moved to $0 commissions so I’ve been enjoying getting to DCA into some positions that I really want to build up. I’ll gladly take the slow and steady approach.
JC recently posted…Dividend Update – October 2019
Excellent progress, Jason, as evidenced by that YoY growth. I bought some XOM recently, too.
I see MO delivered the majority of this month’s income for you. I see MO topping many income lists thanks to their high yield.
You have some good diversification going in your portfolio… keep it up.
Engineering Dividends recently posted…Recent Transactions – CTSH, SBUX, XOM, CSCO, MMM
Thanks for the kind words of encouragement ED. I hope that all has been going well for you. It has been a slow climb so far but it is really starting to pick up traction now. I am more excited about my portfolio now than I have ever been.