Friday, September 1, 2017
August Review / September Preview, 2017
Inserted in all of this is the fact that I have taken on new job responsibilities, which should benefit me in the long run, but do add a small layer of stress in the short term. Still, no matter how crazy life gets, the goal here is to generate passive income by building a quality portfolio of dividend paying stocks.
This month I made one new purchase, Archer Daniel's Midland (ADM), in my taxable portfolio.
Last month I brought in a total of $239.61 in dividends ($37.44 taxable, $58.34 Roth, and $143.83 IRA). This is an increase from last year ($95.21 total) by 151%. It could have been higher had Discover (DFS) paid this month as expected, but they moved their payment back to September.
In terms of dividend increases, I realized* one from this month from Omega Healthcare Investors (OHI). The raise was around 2%. Thus far for 2017, I have realized 31 dividend increases!
Next month I will realize six raises from Discover Financial (DFS), Hershey's (HSY), Kellogg's (K), Kraft-Heinz (KHC), Target (TGT), J.M. Smucker's (SJM), and Westlake Chemical (WLK). The increases range from 3.3% to 16.8%.
* I only count increases when realized, because until that money is delivered any statements or declarations simply appear to be conjecture.
My wife and I have moved into our new home, now the mortgage bills can start - bye bye rent. Our debts for the moment currently outstrip our assets. However, I am not selling stocks to pay for it all. Rather it is time to double down - blast debt and buy assets.
I have cash on hand to make another buy, but I might not depending on other needs.
Next month should produce around $315 in dividends, which is a 174% YOY increase.
My portfolio page is currently up to date.
Hope everyone has a great September, sorry for those who are back to school, but don't want to be...
- Dividend Gremlin
- Long all stock tickers mentioned