Saturday, October 1, 2016
September Review / October Preview, 2016
I bought a bunch of new stock in my new Pre-Tax IRA account, which was funded with rollover money from my old 401k. This was done in two phases; phase 1 and phase 2. I will begin count these dividends along with others, but they will not be counted towards my year end goals. In addition, I added one share of YUM in my Loyal3 account, but only one so it was not worth an article.
Last month I brought in a total of $115.43 in dividends ($75.50 taxable, $39.93 Roth). This is an increase from last year ($79.91 total) by 44.5%. Growth surely cannot maintain such high percentages, but with the new pre-tax IRA counting in the future surely the numbers will begin to balloon.
In terms of dividend increases, I realized four this month from Hershey's (HSY), Kellogg's (K), Realty Income (O), and Target (TGT). The raises ranged from 1% to 7%.
Next month I will realize two dividend increases. They will be from O and Bank of Nova Scotia (BNS). The increases range from around 0.2% to above 2.8%. Thus far for 2016, I have realized 25 dividend increases!
Things are getting exciting. As I noted above, one of my wife's student loans is gone. Since last December (when I first looked into this) we have plowed $7.6k into her debt and now just about $850 remains. It may seem like a small drop in the bucket, but it is a huge stride forward. Within a few months our savings will be bouncing along with more investments. This is the start of something big, I can feel it.
Next month should produce around $80 in dividends, which is a 51% YOY increase. At this point I will already eclipse last year's totals, which is just great. .
My portfolio page is currently up to date.
Hope everyone has a great October!
- Dividend Gremlin
- Long all stock tickers mentioned