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March 2017 Passive Income Report

April 4, 2017

 

Here we grow again! 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

 

The total dividend income increased a solid 29.4% or $50.05 in comparison to last year. Great month in the Roth IRA, this account is really starting to get going. And all tax free from here on out.

 

This is the result of the following changes from 2016:

 

  • ARR still continues to sting my dividend portfolio, but this month it wasn’t so bad.

  • As mentioned last month, HCP sent their dividend from February into March, no purchase activity here.

  • This was a big month to show my purchases over the last year finally hitting my portfolio, BA, UL and WFC are all companies I have invested in over the past year that has grown my portfolio.

  • I have been trading TGT over the past year amongst my different accounts, here, I sold this position. And boy am I glad I did as the stock has dropped over 30% since the sale.

 

Forward 12-month dividends for this account are now $1,570.85 after ending February at $1,569.51. This is a .09% increase. I believe this increase is solely due to a raise from Realty Income during the month, small increase. Cash is growing for my next purchase, thinking May will be when I hit my $2,000 threshold for another buy.

 

Rollover IRA

 

Solid percentage growth as this portfolio churned out 23.63% more income this year in comparison to last year. This was clearly due to the GM purchase over the last year. This account does not have fresh capital added to it, so increases will be small going forward until I can make another purchase toward the end of the year.

 

Forward 12-month dividends for this account are now $707.81 after ending February at $723.74. This is a 2.20% decrease. Not exactly sure what that decrease is attributed to, there were no dividend cuts, but who knows, I may have calculated last month wrong, or a timing difference.

 

Brokerage Account

 

I swapped out my JNJ holding for TGT in recent months as JNJ hit new highs and TGT struggled. I still believe that JNJ is way overvalued, but would love to re-enter that position in this account. Nice dividend increase of $4.05 or 18.24% since last year. This account is in its infancy, but capital raising has begun.

 

Forward 12-month dividends for this account are now $439.28 in comparison to $413.01 at the end of January, for a 5.98% increase. This is attributed to a recent TGT purchase.

Summary

 

Summary

 

In total, my dividend income for the month of March was $307.47, up 27.2% from my February 2016 total of $241.77. Now that’s what I’m talking about, February was a bit of a down month, but March came in very strong. I may have this wrong, I’m not sure, but I believe this is an all-time high for me and the first month about $300 dollars in dividend income. Looking forward to hitting the $500 mark for a month., that feels like a big milestone.

 

Forward dividend income now sits at $2,717.94 up from $2,706.26, for a total increase of $11.68, or .43%. Very nice, more money coming my way and without much investment activity on my end in March.

 

Did everyone have a big March? It’s time of the quarter for us!

 

 

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