Thursday, March 1, 2018
February Review / March Preview, 2018
On the home financial front, I have continued trimming finances, and the wife has done a fairly good job with that as well. I am still able to continue stockpiling fresh cash with dividends in the effort to make new purchases. The goal for the next few months is to pad my main accounts with cash so I am able to act should a very nice opportunity arise.
This month I made no new purchases in any account.
Last month I brought in a total of $233.83 in dividends ($28.49 taxable, $59.14 Roth, and $146.2 IRA). This is an increase from last year ($225.94 total) by 3.5%. The percentage would be higher, but Discover (DFS) has switched its payout month to March.
In terms of dividend increases, I realized* five this month from from O, Abbott Labs (ABT), AT & T (T), Omega Healthcare (OHI), and my employer (B**). The raises range from 1% to 11%. I have now realized 7 raises thus far this year.
Next month I will realize 11 raises from Amgen (AMGN), Archer-Daniel's Midland (ADM), Dominion Resources (D), Dunkin Donuts (DNKN), Eaton Corp (ETN), Union Pacific (UNP), Waste Management (WM), YUM! Corp (YUM), Prudential (PRU), 3M (MMM), and T-Rowe Price (TROW). The increases range from 4% to about 20%. Next month will be nuts.
* I only count increases when realized, because until that money is delivered any statements or declarations are simply conjecture.
The mortgage continues, so at least part of our 'rent' counts towards our house. Our debts currently outstrip our assets. Outside of our house, we still have very low interest auto debt (1.9 and 1.5% for our cars). Both my car and house are receiving slightly out-sized payments monthly. We are effectively eliminating debt, while still building and assets. Even on just one income!
My next buy will likely be this month (in March).
Next month should produce around $375 in dividends, which is a 32% YOY increase. Boom.
My portfolio page is currently up to date.
Hope everyone has a great March.
- Dividend Gremlin
- Long all stock tickers mentioned