September 2017 Dividend Income

Posted on by Dividend Dozer

I received $130.98 in taxable September dividend income. This was my biggest month yet thanks to my recent VTI purchases. After having broken my first $100 month in June, I’m ecstatic that I’m already well above that in September. I’m not that keen on CTL, but I have some of my favorite companies paying me this month (BA, HD, JNJ, MGA, MSFT, V). No wonder the third month of every quarter is shaping up to be my best one.

In June, received my final dividends by Ford ($6.15), ORI ($0.95), and BP ($8.40). I have now sold those and redirected the funds into companies like Starbucks and Visa. Much lower yield, but better potential for dividend growth. I expected my income to drop after selling those high yielders, but thanks to some more contributions, my income actually rose from $108.30 to $130.98!

Dividend Increases

WFC increased their dividend 2.63% earning me $0.74 more per year.

NDSN increased their dividend 11.11% earning me $0.80 more per year.

PFG increased their dividend 2.17% earning me $0.37 more per year. PFG has been increasing their dividend quarterly.

That is the equivalent of investing $64 for a 3% yield that I don’t have to invest!

September Taxable Dividend Income

September Retirement Dividend Income

I also received $659.37 in non-taxable dividends which were reinvested into my retirement accounts.

Once I buckled down on my investment tracking, my retirement accounts really stood out. My taxable income is nice, but my retirement accounts are fully automated and are the real powerhouses of my portfolio. They are mostly out of sight, out of mind, but including them in my dividend income summary keeps me motivated.

I recently detailed my 401(k) situation and why I still want to contribute despite no employer match.

Head on over to my portfolio page if you’d like to see all my holdings. I hope everyone else had a great September too!

29 thoughts on “September 2017 Dividend Income”

  1. Sweet performance, it’s nice to see those numbers increase especially considering you sold some high yielders in exchange for future growth.

    1. Thanks timeinthemarket – I’ve read your blog in the past and it’s helped me form my plan. It’s great to be a part of the fun now.

  2. Dozer –

    We share quite a few names above and love the split out. Excited for what you’ll do in December. Please stay consistent and keep us posted with the activity you embark upon!

    -Lanny

    1. Thanks for stopping by! And thanks for the encouragement. It was fun to go back through my past few months to create some initial content. I already can’t wait for November to come so I can make an October update.

    1. Thanks! After a little learning period, I’m focusing less on total yield and more on having what I feel are good companies. Thanks for stopping by.

    1. Thanks for the nice words! I’ll make sure to be consistent and honest in my posts.

  5. Great report Dozer and congrats on crossing the $100 mark again. I also really like the diversification and the fact that you’re getting so much dividends from so many companies.

    Quick question regarding the size of your portfolio? Do you have an idea of the total number of companies you plan to have in your portfolio or do you not have a limit and thus plan to invest if the numbers work and it’s a right fit?

    1. Thanks DP for stopping by! And great question (and topic). I have currently have 46 in my taxable portfolio. I have about 6 of those bookmarked to sell after they hit the one year capital gains point. I won’t mind adding more (I have my eyes on PEP and HON), but I want to invest a minimum cost basis of around $1,000 when starting a new position. I use Robinhood and pay no commissions, but if Robinhood ever does institute commissions, I’d like each of my individual positions to be large enough to justify paying a commission to sell if necessary. Definitely a good question and topic. If I may ask, what is your opinion on this?

    1. Thanks MDD! Yep, I’m especially excited to build up my PFE over time. Thanks for stopping in!

  7. You’ve got a terrific group of stocks in the taxable account. Soon enough you’ll be at $200, and then upward from there! I think you’ve got the right idea in not chasing yield and focusing on companies that can grow, and grow their dividend, too. I hear you with regard to CTL. I bailed out in early 2014 after years of ownership, a little more than a year after they cut their dividend. They rebounded a bit in 2014, but it’s been a steady decline since then. I think you’ll find many other companies that will perform better over time… many you already have in your own portfolio.
    I checked out the Portfolio page… any chance you could add overall yields to each of your accounts? It’s always nice to see where other’s are. Keep up the good work!

    1. Thanks for the feedback and stopping by Engineering Dividends! I took your advice and updated my yield subtotals for each account. Let me know if you like the format. To be honest, I am still looking into why my tables don’t seem to paste into WordPress with good resolution.

      It was eye-opening to see my taxable yield so low compared to the 4% range of when I first started. It looks like we actually have almost the same current dividend yield, at least on my taxable vs your portfolio. Very similar portfolios!

      My stocks with an asterisk next to the ticker are bookmarked to be sold when I am ready. CTL is a tough one – I’ve loved their service since I switched away from one of their competitors, but I guess that doesn’t always translate to a solid stock. I am looking forward to transferring VZ, CTL, and some others into what I consider stronger dividend growers. Thanks again!

  8. Great work with achieving more than $100 again! I love how diversified your portfolio is 🙂 Interestingly, I don’t share any of the companies that paid dividends to me in September (I only have two for September – XOM and O (which pays monthly)).

    1. Thanks! I noticed that too. I have come close to buying XOM, but I work in the energy industry so I’m already exposed to it enough. Thanks for stopping by.

  9. First time stumbling on your blog I think. Congrats on the record high month. You already beat you my dividends. They were just shy of the triple digit mark. Nice list of stocks in your portfolio as well.

    1. Thanks for stumbling on by! I’ve been working on my blog for a little while but just recently caught up to the current month. Excited to keep writing.

  10. Hi Dozer,

    just visited your great site – congrats! you have a lot of solid names in your portfolio – reminds me that i have to add some more to mine for diversification…
    your combined income (retirement account and taxable) is awesome!! Keep it up!

    Greets
    DividendSolutions

    1. Thanks DS for stoping by and for the encouraging words! The retirement accounts have been working in the background all this time, and if I ever wanted to retire early, I can use a conversion ladder or pay the penalty and still come out ahead. Those tax shelters are powerful! I’ll look forward to your next update.

  11. Good job look like you are doing good with the taxable and non taxable looks like total over 700.
    With the non taxable being a larger percentage you really have the ball rolling and will be nice when you hit retirement

    1. Thanks Doug! Most of the untaxable accounts were built before I really buckled down, and they’re still a great foundation to go forward with.

    1. Thank you Bert! Your blog has been my go-to for the last year. Can’t wait to keep this going.

  13. Looks like an awesome month for passive income earned. Keep up the good work. Curious to know why you sold out of ORI. That’s one insurance stock I’m considering for m y own portfolio one day. Thanks for sharing.

    1. Thanks DivHut! My main reason to sell ORI was the dividend growth rate. In the last five years, their annual dividend increases hovered around 1-1.5%. That said, it does have a long history of increases and a nice current yield. I originally liked it as a low-price stock that I could buy one share at a time as my dividends accumulated from other stocks. I’ve decided to go with others like HRL that are also low in share price, but higher in dividend growth. Thanks for stopping by! I’ve spent many days going back to your site in the last few months. You have great content.

      1. Thanks for those kind words. I’ll be posting my Sept. dividend results tomorrow. Was a little late this month 🙂

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