• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Guy on FIRE

Financial Independence; Retire Early

  • The Real Estate Corner
  • Early Retirement & Real Estate Consulting
  • The Dividend Report
  • About
    • Disclaimers
    • Contact

investing

Q1-2017 Dividends – The Dividend Report

April 5, 2017 by Guy on FIRE 2 Comments

As many of my readers may know, I love dividend stocks and believe dividends provide a great source of passive income. I provide 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.

Q1-2017 Dividends

My Q1-2017 dividend income was $334.60, which left me scratching my head. Last quarter (Q4-2016), my dividend income was $1507.92; I fully expected this quarter to be lower since many of my funds have larger distributions in December. I even anticipated this in Q4-2016 Dividends – The Dividend Report. BUT, this was just crazy.

My Q1-2016 Dividend income was $344.93 which means year over year my quarterly dividend income DROPED $10.33. This still made no sense as I had five figures more invested in the market compared to last year. So I had to do some digging to find the answer.

I switched jobs late last year. The funds in my new company’s 401k plan are a bit different when it comes to dividend distributions. I still receive 4 distributions a year. However, the distributions are in April, July, October and December.

Ahhhh! So there is the answer to my problem. My new 401k plan will not provide any dividend income in Q1, however, I will have two rounds of dividends in Q4. This is odd but explains a lot.

To summarize – my last year’s first quarter dividend income was $344.93. This equates to a $10.33 or 2.99% decrease from the same quarter last year.

I would have increased my dividend income over 50% year over year if my 401k funds paid a dividend this quarter. I fully expect Q2-2017 to bounce back and be well above the Q2-2016.

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 Q1-2017.

Filed Under: Blog Posts Tagged With: dividends, FIRE, Guy on FIRE, investing, passive income, The Dividend Report

Primary Sidebar

About Guy on FIRE

Guy on FIRE, is an average 20-something guy living in Washington, D.C. His friends call him Drew.

Drew went from being in debt to building a net worth over $500,000 in four years. He is obsessed with the app Personal Capital, real estate, and the outdoors.

Free Net Worth Tracker

Check out the epic tool I use to track my net worth and spending for free:

The Best of Guy on FIRE

  • 8 ways to crush if after graduation, in your 20s & beyond
  • 6 steps to saving a 6-figure net worth
  • Negative Net Worth to over $500,000 in 4 years
  • Overcoming the Power of Limiting Beliefs
  • Offensively Building Wealth
  • What is House Hacking?

Monthly Dividend Income

$760 / $1,500

50.65% of the way to my goal of $1,500 average monthly dividend income

 

  • Facebook
  • Twitter
  • Pinterest

Subscribe for Updates

Sign up to learn how real estate and investing will provide financial independence.

Join 3,581 other subscribers

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in