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January 2017 Passive Income Report

February 1, 2017

 

Each month I reflect how fortunate I am to be able to have begun my march toward financial independence through the accumulation of passive income. As part of this reflection I am going to share my dividend income for the month in relation to prior year(s) to help track my progress. This is an exciting time of month for dividend investors as they get to review and visualize their hard work and dedication, let’s get to it!

 

Roth IRA

Armour Residential (ARR) is a dark spot on my investing resume over the past few years, but I continue to enjoy the healthy monthly dividend from the company.

 

The total dividend income increased 13.5% or $12.86 in comparison to last year. This is a great increase for this Roth account that only gets $5,500 in contributions a year.

 

This is the result of the following changes from 2016:

 

- The largest increase was due to my purchase of 55 shares of Cisco Systems (CSCO). This purchase added $14.30 to my income. I should be seeing a raise from CSCO next quarter.

 

- I got dividend raises in comparison to last year from the Bank of Nova Scotia (BNS), Realty Income (O), Philip Morris (PM) and Toronto Dominion Bank (TD). The Canadian banks of course have some changes due to currency fluctuations as well.

 

- GE raised its dividend this year after taking the year off last year, it wasn’t a big raise, but I’ll take it!!

 

Forward 12-month dividends for this account are now $1,554.24.

 

Rollover IRA

A couple of raises for MO & WMT over the last year. DOW did not raise their dividend but has had an amazing market performance to make up for it. A 3% cumulative raise for the month of January isn’t anything special, but I’ll take it. This account doesn’t see much for purchases since I can’t contribute to it.

 

Forward 12-month dividends for this account are now $704.28.

 

Brokerage Account

Low raises for these two dividend powerhouses over the past year, they have reached a bit of a maturation stage, will be interesting to see what they do this year, but I’m expecting much of the same.

 

Forward 12-month dividends for this account are now $410.51.

 

Summary

 

In total, my dividend income for the month was $188.23, up 8.7% from my January 2016 total of $173.17.

Forward dividend income now sits at $2,669.03. Cash accumulation is still underway to start the new year.

 

Hopefully some purchases will come in the February or March timeframe.

 

How was everyone’s New Year started off? Any milestones hit? Please share!

 

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