January 2019 Dividend Update

I received $98.05 in taxable January 2019 dividend income. If I had one goal, it would be for each month to surpass $100. Almost there!

My job is still coming to an end soon. I have a plan in place, and don’t want to say too much of what it is, but it is a career switch that I’m actually pretty excited for.

In the meantime, I’ll lose access to free Microsoft Office. So, I migrated everything over to Google Sheets. Some of my charts and tables look a bit different, but I’m actually loving the styles. Even more, I’m loving the automation Google Sheets allows. I recently put together a free Dividend Dashboard made with Google Sheets. Feel free to make a copy of it and use it for yourself. (Accuracy and completeness is not guaranteed.)

Still no major contributions. The good news is I’ll be in good shape for the near future, and I’ll look forward to new contributions when I become employed again.

Dividend Growth

January is one of my slowest months for dividend raises. That holds true this month. DIS was a bit lower than I had hoped for, but EMN continues its very respectable streak. The last three EMN increases have been in the 10% range.

Forward Dividend Income

Not much activity this month. Similar to other Januarys, the bulk of my added forward income comes from new contributions, and I’m paused on that end for the near future.

Purchases – HRL, CSCO

These purchases were funded fully with dividend reinvestments.

1 share of Hormel (HRL) @ 42.16/share

Reasons I like Hormel: quickly growing dividend, 53 years of increases, and a <50% payout ratio. Also, its low share price makes it easy to pick up one share here and one share there.

1 share of Cisco (CSCO) @ $43.90/share

Cisco has maintained massive dividend increases because their share price has also been growing. Despite their dividend increases, yield is actually under its 5-year average. They are due for another increase very soon! Last year’s declaration date was on Valentine’s Day.

Hope you like the new charts, and that you also had a good January!

Head on over to my portfolio page if you’d like to see what companies pay me in other months!

10 thoughts on “January 2019 Dividend Update

  1. I do like the new charts, Dozer. Nice job!
    Where did that small negative ‘additional forward income’ come from for new capital investment?
    Sounds like the new job will end up being a good thing based on your comments. Your portfolio will keep working for you until you can contribute again.
    Nice start to 2019. $100 each and every month is right around the corner.
    Take care.

    1. Thanks ED! Good catch on the negative number. My formulas attributed part of this month’s purchases to previous month’s contributions. Slightly annoying but technically I believe it’s correct. Appreciate your eye for detail!

  2. Keep it up Dozer! One stock, one month at a time. 10-20 years from now, you’ll look back and be thankful you did something rather than nothing at all. Year over year over year, looks like you’ve continue to have a better January!

    Best wishes and continued success on your journey! AFFJ

    1. Thanks Frugal Family! Yeah I love how easy it is once the contribution is made as long as I don’t sell!

  3. As close as you can get to $100 for the month. Of course, I see it in your future. Keep buying and building that passive income. Like the HRL pick up. It’s been in neutral for a while now. Then again, a lot of the packaged food plays have been sleeping for a bit. I still have my eye on tobacco for Feb. MO, PM still look good to me. Keep it up!

  4. I really love your graph styling, it’s like looking at a live monitoring dashboard.

    Congrats on allmost reaching the $100, nearly there for January!

  5. This is a very nice report Dozer! Everything is looking great. How do you like using Google Sheets? I migrated last year and love it, especially the connectivity among devices. Purchasing a Chromebook versus traditional laptop was one of the best decisions I’ve made. Oh yeah, on top of it, congrats on earning a nice amount of dividend income this month! I love how evenly balanced your dividend checks were.

    Take care!

    Bert

    1. Thanks Bert! I had settled into a comfort zone, but getting pushed into fully utilizing Google Sheets has been amazing. Stuff I used to do “because I enjoyed it” actually would take 15-20 minutes, and now I can just open up my phone and look. If you haven’t seen my Dividend Dashboard, check it out – I think you might find it useful. I’m definitely intrigued by the Chromebook.

      I see myself revamping my tracking sheet completely which may indicate how much I’m enjoying Sheets!

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