Q2-2017 Dividend – The Dividend Report

As many of my readers may know, I love dividend stocks and believe dividends provide a great source of passive income. Moving forward, I will be providing quarterly updates regarding my dividend income. Utilizing ‘The Dividend Report’ section of my blog, I will share my progress towards my dividend goals. I will also share dividend growth stock ideas and thoughts. Additionally, I will share the rational behind any future purchases or sales. Dividends are truly a wonderful thing.

The Goal

The current goal is to average $1,500/month in dividend checks. I would like dividends to provide between 25-33% of my monthly retirement income. However, this goal may be revised upwards over time.

Q2-2017 Dividend Income

My Q2-2017 dividend income was $686.46. Last quarter (Q1-2017), my dividend income was $334.60. This equates to a $351.86 or 205.05% increase from the previous quarter. The increase was largely due to 401k contributions that provided more dividends via index funds. Additionally, the funds in my 401k do not provide a dividend in the first quarter (weird I know; I get two dividends in Q4)

Last year’s second quarter dividend income was $453.51. This equates to a $232.95 or 51.36% increase from the same quarter last year.

In past four quarters, my total dividend income was $3,050.29. I am proud to report that my dividend income is continuing to trend upwards. This growth is fueled by my individual stocks increasing their dividends and continuing to invest (mostly via index funds).

My average monthly dividend income is now $254.19 ($3,050.29 / 12 months = $254.19), which is 16.94% of my current goal of $1,500/month. I am now almost 2.0% closer to my goal; Previously I was at 15.08% of my goal.

The graph below outlines my quarterly dividend income dating back to Q1-2013:

The table below outlines my quarterly dividend income dating back to Q1-2013:

New Purchases

No individual stock purchases in Q2-2017. Currently, I do not see many (any?) undervalued dividend growth stocks. The market is at all-time highs and I cannot justify buying an individual stock at these levels. I am patiently waiting for a pullback to present a buying opportunity.

5 thoughts on “Q2-2017 Dividend – The Dividend Report

  1. Great growth! Can’t complain with any of those numbers at all. What happened in Q4 of 2016? Do you have a lot of companies that only pay out once a year at the end of the year? That is a crazy increase looking at the graph. Cheers!

    • Q4-2016 also perplexed me when I first saw the data. Last year, I switched jobs. My new company’s 401k plans has a dividend in October and end of the year distributions in December. As a result, these funds do not provide a dividend in Q1.

  2. Nice progress. With your thoughts on the market being at all time highs, are you concerned about missing further growth in the market? I agree with the sentiment. While I am preparing for a downswing, I am also still adding to dividend index funds to not miss further market growth.

    • I am still investing regularly via my 401k contributions. However, I have not purchased stocks in any other form recently. Contemplating setting up an automated system to buy index funds periodically.

      I am always worried about missing out on future gains. Equally important, I am always factoring in protection to protect my downside. Right now I am about 33% cash.

  3. Pingback: Q3-2017 - The Dividend Report

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