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February 2017 Passive Income Report

March 7, 2017

 

Another month in the books! 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

Many of you will notice what seems to be a theme in this month of February. A lot of companies shifted pay dates on me. In addition, as I’ve mentioned a lot, KMI & ARR are kicking me pretty good right now.

 

The total dividend income decreased a whopping (34.5%) or $31.00 in comparison to last year. Rough! But it isn’t as bad as it looks!

 

This is the result of the following changes from 2016:

 

  • ARR is the big ding, they cut their dividend on me last year, but I am in the company for the long haul, I like their business model and it is a strong monthly payer.

  • I sold my CAT position, I thought the company started to hit bubble status and ended up moving the proceeds from the sale into Unilever (UL), I still feel this was the right decision.

  • HCP didn’t get rid of their dividend! They moved it into March, however they did cut it, so HCP is another income killer, for the moment after previously having such a strong track record.

  • AAPL, O and T all gave me raises since February 2016, which of course, is great news.

 

Forward 12-month dividends for this account are now $1,569.51 after ending January at $1,554.24. This is a 1% increase due to raises and transactions in the month of February.

 

Rollover IRA

My income for my Rollover IRA took a hit partially to the same reason that the Roth IRA did, I sold out of my Catepillar (CAT) position. This accounted for a large decrease in the dividends, but I am happy with the choice as mentioned earlier. Some of the proceeds from CAT were put into CVS, a lower yielding position and the rest is sitting in cash waiting for deployment.

 

Forward 12-month dividends for this account are now $723.74 after ending January at $704.28. This is an excellent 2.8% increase.

 

Brokerage Account

Blackstone Group (BX) is one of my favorite holdings. There will be limited consistency in the dividends, they are typically based on cash flow and investment activity, which is all over the place. However, in this quarter, I received a huge raise in comparison to last year. Makes up for the other two accounts!

 

Forward 12-month dividends for this account are now $413.01 in comparison to $410.51 at the end of January, for a .6% increase.

 

Summary

 

In total, my dividend income for the month of February was $165.53, down 15.3% from my January 2016 total of $195.41. Kinda painful, but it wasn’t all bad news. Looking forward to the big month of March!!

 

Forward dividend income now sits at $2,706.26 up from $2,669.03, for a total increase of $37.23, or 1.39%. This increase was with limited investment for the month, hopefully I see a bigger on going forward!

 

This is usually a lower month for people, how did everyone do?

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