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October 2017 Passive Income Report

November 6, 2017

 

I only got around to posting my September income summary about a week ago but here we are with my October income summary. Another month, and more dollars coming my way. Snowball continues to roll downhill as we head into the shorter days this is entirely welcome. Driving to work in the dark is no fun!

 

Roth IRA

Little 5.5% gain for my Roth IRA income this month over last year. Very welcome news here as everything in this gain is due to raises from my stock holdings. Lots of big ones!

 

12-month dividends for this account are now $1,941.78 after ending September at $1,849.48. This is a 4.99% increase. Nice big increase for my forward dividends due to a purchase of Kimberly Clark (KMB) that I snuck in right before the end of October. This was the last purchase I’ll have in this account before the end of the year. This means at the end of the year my forward 12-months income will be almost $2,000! Awesome.

 

Rollover IRA

More increases in my dividends for October, solely due to my increase in Altria’s (MO) payout. Pretty good for an account with very little capital infusion.

 

Forward 12-month dividends for this account are now $1,010.70 after ending September at $991.90. This is a 1.90% increase in my forward income. More great news on the dividend front. I’ll be getting ready to deploy some of my capital this month which will lead to some great November results next month. Just gotta choose my stock!

 

Brokerage Account

I swapped out my PM holding around a year ago at $110 and proceeded to purchase Cisco (CSCO). Turned out to be a pretty good move to this point as PM is trading at $102 a share and CSCO is up around 11% since my purchase. With PM trending downward, I may look to re-enter that position!

 

Forward 12-month dividends for this account are now $500.51 in comparison to $525.77 at the end of September, meaning I decreased my forward income by 5.05%. Disappointing, but this is related to my Blackstone holding which has variable income distributions, I don’t expect that this is a real decrease. Purchase coming in this account shortly!!

 

401K Account

After ending September with $139.25 in forward dividends, I am now up to $142.80 in forward income. This is a 2.49% increase. It is really going to be fun to watch this account grow in a consistent manner. Numbers are gonna get big pretty quickly.

 

Summary

 

In total, my dividend income for the month of October 2017 was $171.01, up 6.34% from my October 2016 total of $160.81. Let’s keep going!! I’m very close to the point where I will never have a month with less than $200 in dividend income again. I think that I’ll be there in January.

 

Forward dividend income now sits at $3,595.79 up from $3,506.40 for a total increase of $89.39, or 2.55%. The forward income continues to step up on a monthly basis which of course is incredible to see. My goal by the end of 2017 was to have $3,600 of forward 12-month income. I’m calling it a win! It’s only October and I’ve reached my goal for the year. It felt like a stretch goal in January, but I got here quicker than I ever thought. Man 2018 is going to be a blast.

 

 

Keep Stackin’!

 

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