More Dividends Update from January 2020
The first month of the quarter has really picked up some steam! It has taken off so much that it is projected to almost surpass the 2 month during next quarter. Only time will tell if it is able to produce a higher amount of dividend income.
The month of January proved to be a very busy month for me. I was able to put in some extra hours at work which only added to my savings rate for the month.
There are also several new additions coming to More Dividends in the near future. I am very excited to start rolling out some of them so that I can start getting some feedback from you the readers.
During January, we saw a little bit of everything. Let’s take a look at what has happened in the More Dividends portfolio since last month.
During the month of January, there were a lot of additions to the More Dividends Portfolio. I was able to strengthen some of my existing positions like with Cardinal Health. I even started some new positions like with JP MOrgan Chase. They are a best of breed bank who has proven that they know how to grow their earnings.
Cardinal Health (CAH) – 4 shares
JP Morgan Chase (JPM) – 10 shares
3M (MMM) – 3 shares
Store Capital (STOR) – 6 shares
As I mentioned in the intro, the 1st month of the quarter has really began to grow. It has been real interesting to watch it grow over time. I look forward to seeing just how big I can grow the beginning of the quarter.
Cardinal Health (CAH) – $7.41 – Reinvested
Genuine Parts (GPC) – $4.85 – Reinvested
Manhattan Bridge Capital (LOAN) – $.69 – Reinvested
Altria Group (MO) – $35.69 – Reinvested
Realty Income (O) – $6.37 – Reinvested
STAG Industrial (STAG) – $1.31
Store Capital (STOR) – $4.55
WalMart (WMT) – $5.81
January was the first month of Q1 and accounted for $66.68 of my 2020 Dividend Income.
In total during 2020, I earned $ $66.68 in dividend income!
So far my dividends received looks like this
Dividends Received By Year
What a great month year over year. In 2019, I received $28.43 but in 2020, I received a total of $66.68. Wow if you do the math that is a 134.5% increase in my dividend income during the month of January.
Here we can see what that 134% looks like. We have made huge strides in increasing the dividend income and we are now beginning to reap the benefits.
I hope that you guys are digging the new visuals 🙂
When we look at the break down of the companies that paid me dividends we can really see where the large increase came from. The culprit is definitely the increase in the Altria Group position.
With the new position in JP Morgan Chase, it increased my stake in the financials by 3%. I am totally comfortable with this increase in the financial sector. I would actually still be ok if it went as high as 15%. Only time will tell if it grows to see those kind of numbers.
The portfolio has been seeing some great growth. I have been able to put a lot of money to work lately. Plus I have been having record breaking months in regards to dividend income received. All of these factor into my snowball getting such a boost.
Let’s take a look at what the growth has really done to the portfolio.
Here are the 11 articles that I posted on MoreDividends.com during January from oldest to newest.
More Dividends Update from December 2019
Dividend Safety Analysis: Apple (AAPL)
Why I’m a DGI blogger
STAG Industrial Increased Their Dividend By 0.7%
JUST ANNOUNCED: Realty Income (O) Increases Their Dividend 2.2%
Report on More Dividends CD Buying Program
How To Setup A Blog For DGI Investing
The Coca Cola Insiders Club
Archer Daniels Midland Increased Their Dividend By 2.9%
The Most Insightful Warren Buffett Quotes
If you are interested in posting a guest post, just head over to the Contact Page and send me a message.
What a great month that was. Months like this are what keep me feeling excited about this journey. I am finally starting to see a lot of my hard work pay off. My nest egg is continuing to grow at astounding rates.
I am super excited to bring some new projects to More Dividends. Look for more details on the projects to be coming out very soon.
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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Nice work on the 134.5% YoY increase, Jason. That’s very impressive. I also have a small position in MO that I picked up during the vaping news. I am hoping to add to it because it is very small. Keep it up!
Reverse The Crush recently posted…Dividend Income Update 32 – January 2020: Passive Income from Six Stocks
MO has became one of my larger positions. I added to it back last year or the year before. I have considered adding more to it but I haven’t decided to pull the trigger yet. Thanks for stopping RTC!