More Dividends Update from September 2016
Hopefully everyone has enjoyed a very prosperous September and what a prosperous month that it turned out to be. All of the metrics that I currently track for the blog are all showing an upward trend, which is fantastic. The Twitter following @MoreDividends has been growing as well. The month overall was great even though I didn’t get to do everything that I wanted to do. I have updated the Dividend Income and Portfolio pages so that they are all current. I am looking to add some fresh capital to my portfolio very soon but until then let’s look at how things went last month.
During September I started no new positions but I did add a few shares to some existing positions.
Coca Cola (KO) – 2.3747 shares with a cost basis of $100 ($0.00 in dividend income for 2016)
Kroger (KR) – 3 shares with a cost basis of $93.30 ($0.36 in dividend income for 2016)
This will add $1.07 to Dividend Income for the year.
These small additions by themselves aren’t very big but they are just small parts in some positions that I am building.
Although I didn’t make no big additions during the month, I am looking to deploy some capital when I find some better opportunities.
Boom! New High Score for me! This month marked my highest total of dividends received in one month. It may not be a lot for some people but it is a lot for me. During the month of September I brought in $49.18 in dividends from 9 different companies! Now let’s break down which companies paid me a dividend.
Bank of America (BAC) – $5.06 – Reinvested
Emerson Electric (EMR) – $4.75 – Reinvested
Flowers Foods (FLO) – $5.12 – Reinvested
Microsoft (MSFT) – $3.59
Southern Company (SO) – $5.73- Reinvested
Target (TGT) – $6.00 – Reinvested
Wells Fargo (WFC) – $3.80 – Reinvested
Wal-Mart (WMT) – $5.07- Reinvested
Exxon Mobil (XOM) – $10.06 – Reinvested
September was the last month of Q3 and accounted for $49.18 of my 2016 Dividend Income.
So far my dividends received looks like this
Dividends Received By Year
YoY growth in my dividend portfolio during the month of September was an impressive 475%. While I know that my dividends received showed a lot of growth. I am aware that this growth was created by a lot of new capital in the portfolio since 2015. While hoping to continue producing great YoY growth, I know that in the future it will be a lot more difficult to create such high growth unless I am able to increase the amount of capital that I am deploying.
Anytime I am able to earn more money, for doing the same thing, is a great day. This month I was able to get 3 raises in dividends from some great companies.
Bank of America (BAC) – $0.05 to $0.075 – 50% Increase
Microsoft (MSFT) – $0.36 to $0.39 – 8.3% Increase
Walmart (WMT) – $0.49 to $0.50 – 2% Increase
When I put together this month’s chart for my Portfolio Allocation I decided to change some things around. I listed WestRock in the Materials sector and then I added Coke and Kroger to the Consumer Staples sector. These designations will be a more accurate representations for the sector in which the company operates in.
The portfolio is currently performing great. There has been some volatility in the market and I have seen some stocks that I would love to strengthen my position in but I want to do it in a manner so as to not over allocate too much capital in one sector.
Seeking Alpha Articles
Nothing new to report here under Seeking Alpha Articles. Life seems to have gotten a bit busy and I just haven’t really had a lot of extra time to invest in writing some new articles here. For now I am going to pull back on this as a goal until I am able to free up some time.
Here are the articles that I posted on here during September. In total I published 7 articles which was a tie for most articles published in a month.
More Dividends: 1st Edition
More Dividends Update From August 2016
Goals – September 2016
Different Minds: 2nd Edition
Best Investing Quotes
Different Minds 3
Whats the difference in EPS and diluted EPS
Goals for August
I achieved some of my goals but missed on others. Some of them I missed because of choice, which will actually affect my goals for October.
$500 added to the portfolio
8 post made to the blog
2 articles published on Seeking Alpha
250 organic followers on Twitter
25 active members joined in the forums
1,000 unique visitors to the site
Maintain my No Sugar Diet
Daily Journal Entries
Read and review 1 book
This month has been a great overall month. Unfortunately I wasn’t able to accomplish everything that I wanted to but I still managed to have my best month so far. I guess that is just the proof in a dividend investing strategy where I am working to make money and my money is working too. During October I intend to deploy some capital that I have been holding since September. Despite not meeting some of my goals I am still very pleased with my overall results. I am still working on building my money machine which takes time to make it self reliant. I am exciting about moving into the final quarter of the year. I have my eye on some interesting investments. Hopefully I will be able to execute those soon and start reaping the rewards.
I appreciate everyone who chooses to interact with me on here on MoreDividends or on other blogs. I am currently working on some ways to try and reward the readers who visit my blog all of the time. Soe plans for this are in the works so until then just stay tuned. Be sure and follow me on Twitter @MoreDividends. Recently I started a Facebook page that can be found at Facebook.com/MoreDividendsdotcom. I also encourage everyone to go and sign up in the Forums.
I hope that everyone enjoys reading these monthly updates as much as I like putting them together. It is the best representation of where my portfolio is right now and just allows me to really see the progress I have been making. I look forward to reading everyones question and comments. Until next time…. happy investing!
Good job keep adding those small amounts and soon you will have a big collection. Can’t wait to see your progress in the future.
Doug recently posted…New Buy AZZ
Thats right. Every little bit counts. Thank you for your kind words and thanks for stopping by!
Hey congrats on a great month!
Sugar free diet is an awesome goal too, how strict are you on the avoiding sugar? Is that mostly just a catch phrase for avoiding sugary things or are you even more strict than that?
MrSLM recently posted…Financial Update – September 2016
First I did away with sugary drinks and major snacks. Now I am looking for other sugary products that I can eliminate out of my diet. It is just a small part of the healthier me plan! Thanks for stopping by!
Great job with the dividends. It looks like you have chosen some really solid companies to invest in. I love DRIPs as I feel like it’s a small snowball that builds up over time. It’s amazing when your “DRIP” shares bring in new shares. That’s the best feeling.
Mustard Seed Money recently posted…Donating Money to Your College
Hey there MSM,
I totally agree. My total portfolio is so small at the moment that I am choosing to DRIP all of my dividends that I can. Maybe once my monthly dividend income builds up large enough I would consider turning off the DRIP and choosing where to allocate the money myself. Until then though I will be DRIP’ping away. Thanks for stopping by!
I’d say it was a great month for you. A no sugar diet, that’s tough. I’m failing at that right now, eating candy while I comment 😉
Options Hunting recently posted…Busy Week – Here’s All Of My Trades
For me it is about trying to do a little bit better each day… even if I do slip sometimes.. I just continue trying to be better the next day. Thanks for stopping by Nathan. I love your idea of Options Hunting!
A great update for the month of September. Always nice seeing a record amount of cash flow into your account passively. Just look at that change from lat year. Keep (re)investing in those awesome dividend stocks and watch that snowball grow and grow. Thanks for sharing.
DivHut recently posted…Dividend Income Update September 2016
Every little bit counts. The more I can add now… the larger the snowball will be later. Thanks for stopping by DH. I hope all has been going good for you.
Great month..talk about an awesome freaking growth rate! Man it is fun seeing your portfolio grow and seeing your dividend income grow along the way. I also love the additions of two great companies this month and you were able to capture the Kroger dividend! Best of luck achieving your $500 purchase goal during this month. I’m excited to see which stocks you decide to buy.
Dividend Diplomats recently posted…Bert’s October Stock Watch List
yeah, I intend to grow my position in Kroger over time. They are a great company. I appreciate all of your kind words and thanks for stopping by.
Glad to see someone else in the early stages of building a dividend portfolio. Every blogger I find has balances in the hundreds of thousands already! Good luck, and may we all prosper together!
Thank you. Yeah I had literally $0 invested when I started this blog. I think it is very fun and exciting to blog about my entire investing journey so far. I look forward to seeing your blog as it grows. Thanks for stopping by.
You have some nice companies rolling cash in for you this month. I am a fellow shareholder of a couple. Keep up the good work!
Mr Defined Sight recently posted…Stop Selling to Your Friends: They are not Clients nor a Source of Income
Very organized website you have here. I like to see your chart that dividend would go up quarter to quarter. Let’s keep the ball rolling!
Best of luck!