Q4-2016 Dividends – 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 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.

My Q4-2016 dividend income was $1395.26. Last quarter (Q3-2016), my dividend income was $521.31. This equates to a $873.95 or 167.64% increase from the previous quarter. The increase was solely due to 401k contributions that provided more dividends via index funds. Additionally, the funds in my 401k provide larger distributions at the end of the year. I anticipate a step back  in dividend income for Q1-2017.

Last year’s fourth quarter dividend income was $363.75. This equates to a $1,031.51 or 283.6% increase from the same quarter last year.

In 2015, my total dividend income was $1,164.03. I am proud to report that my 2016 dividend income was $2,715.01, which is $1,550.98 or 133.2% increase.

My average monthly dividend income is now $226.25 ($2,715.01 / 12 months = $226.25), which is 15.08% of my current goal of $1,500/month. I am now 3.50% closer to my goal; Previously I was at 11.58% of my goal.

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

dividend

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

dividend

New Purchases

No individual stock purchases in Q4-2016. During 2016, I purchased $DIS, $KHC, and $SBUX. Additionally, I added to my previously existing positions of $C and $WFC.

3 thoughts on “Q4-2016 Dividends – The Dividend Report

    • Thanks TJ! I was able to invest a bit more in 2016 than 2015. It also helps that I am working with small numbers. I have only been saving/investing for about 3.5 years. Additionally, my portfolio benefited from a few sizable dividend hikes. Dividend growth stocks are a great hedge against inflation. 2017 is looking bright in terms of savings. Hopefully good investment opportunities will present themselves.

  1. Pingback: Q1-2017 Dividends – The Dividend Report – Guy on FIRE

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