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February 2018 Passive Income Report

April 1, 2018

Super busy month of March has me posting this update extremely late, but it doesn’t take away from the excitement that the update provided me. Closed on another investment property a couple weeks ago so it has been a bit of a balancing act and market investing has been temporarily pushed to the side. Looking forward to getting back to it again!

 

Roth IRA

Big year over year increase for my Roth IRA account, primarily due to a purchase of AT&T (T) in the latter half of 2017. One of my blue chippers that will pay me for years to come.

 

One of the benefits of tracking multiple years though is to show progress over a long period of time, it’s worth nothing here that my February 2018 income was actually less than my income 2 years ago! Exciting increases for Realty Income (O) and Apple (AAPL) over this time period though.

 

12-month dividends for this account are now $2,025.07 after ending January at $1,932.81. This is a great monthly increase of 4.77% and finally pushes me over $2,000 in forward income for this account. I’m looking forward to my next purchase which has a chance to take place sometime in April.

 

Rollover IRA

Nice! Massive year over year increase year, almost entirely due to my position add of Omega Healthcare (OHI). I’ve mentioned many times, but this account won’t get new capital unless I leave my current employer, so I’m relying on dividend increases and dividends earned my income growth going forward. Meaning I likely won’t make another purchase until the end of 2018 or early 2019.

 

Forward 12-month dividends for this account are now $1,261.98 after ending January at $1,166.11. I made my final purchase from an old profit sharing rollover leading to this 8.22% increase in forward income. Very nice increase, but shouldn’t be expecting bumps like this in the short-term going forward.

 

Brokerage Account

Not much to say other than the fact that Blackstone (BX) has been a beast in the distribution department the last few years. There is little in the way for consistency from BX, but in the 1st quarter they have been increasing payouts like crazy. Awesome to see.

 

Forward 12-month dividends for this account are now $569.15 in comparison to $667.09 at the end of January, for a 17.21% decline. As mentioned early, I purchased a new cash flowing investment property. In order to complete the transaction I sold off a couple of holdings that reduced my forward income temporarily. No biggie! I’ll be back to growing this account in no time.

 

401K Account

401k continues its slow climb onward and upward. I’m right around the corner from hitting the 1 year mark in this account and will soon have some year over year growth comparisons to track. Until then, it’s building the snowball.

 

After ending January with $294.67 in forward dividends, I am now up to $298.76 in forward income. A moderate 1.37% increase in the forward income and I’m considering raising my contribution in a month or two when merit hits my paycheck, which could accelerate my growth here.

 

Summary

 

In total, my dividend income for the month of February 2018 was $301.19, up 81.96% from my February 2017 total of $165.53. This is a meaningful increase from my prior year income and is really a testament to a consistent dividend investment strategy. Exciting to have the 2nd month of a quarter get over the $300 mark as well, was not expecting that.

 

Forward dividend income now sits at $4,154.96 up from $4,060.68 for a total increase of $94.28, or 2.32%. Considering how little I actually did investment wise this last month, this is excellent news to get this kind of increase in my forward income. Marching right on to $5,000 a year in dividend income. If the year shapes up how I have planned, I should easily get there within the 2018 calendar year.

 

 

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