Dividends, dividends, dividends – wow, another month has gone by and this one really has given me a boost. During the month of November I received $448.07 in dividends from 14 different companies. In the table below are all the details. What a fanstastic result! I couldn’d be more happy.
Compared to last years’ November income with $32.49 this is a massive jump. An incredible 1,379% year-over-year increase. That´s insane. Wait, hold your horses. Last years’ income cannot be compared with this years’ because I was still in the setup phase of my Dividend Growth Journey. Come January and we are talking real saving for passive income and the growth rate based on my savings and dividend investing income and then the comparison will be justified.
October was by far my lowest income month this year and now November has beaten a new record. Almost al my heavyweight contributors pay out their dividends in the second month of the quarter. This includes ABBV, T, ET, and SKT.
Additionally, I gain the impact from the modest dividend increase of 2% from Verizon (VZ). It adds $2.08 to my annual income. Not much but every little counts.
AbbVie (ABBV) has already announced a nice 10.3% increase for January going from $1.07 to $1.18 on a quarterly basis. GAIN has a great year and offers just before Christmas a Special Cash Dividend of $0.09. That´s an additional 11% on top of the standard monthly payments. Ah, that’s music to my ears!
On the other end of the spectrum we have CVS that has been flat with no dividend growth now for three years – maybe its time to hike up that. The same goes for ET and GIS, now two years flat. Unfortunately, GIS has already confirmed for February there will be no such thing.
In summary, November has been a great month with a new dividend income record. My dividend growth journey is still at its beginning, and I am still working on building a nice base portfolio. So far, the results are promising and keep me motivated. All dividends are being reinvested to grow the snowball.
Disclosure: At time of writing long on all above mentioned
Disclaimer: I am not a professional investment or financial advisor. The information presented on this site represents my personal dividend growth journey and it is for informational purposes only. Opinions expressed are my own and should NOT be relied on or taken as investing advice. I have no knowledge about your personal situation and before you make any investment decision you should exercise due diligence and must do your own research. Always consider seeking advice from a professional financial and tax advisor.
Great progress and nice growth chart. Keep it up!
Thanks Steve, it’s been a great year so far and I am looking forward to an even better 2020.
DGJ
Sounds like you are making a lot of progress in your journey. Amazing to see the difference in a year 😉
Hi Mr. Robot, thanks for your comment. I really pushed it this year and the results confirm that I’m on the right track. Last year doesn’t really count because I was setting up my journey and US stocks only came into play from January 2019. Let’s see how the growth rate looks like then. Take care.
I’m sure you’re looking forward to YoY comparisons in 2020 after completing your first full year of DGI…that’s where the challenge begins!
Yeah, the way down the road is still long but I am more pumped than ever with the results during 2019. For 2020 some additional changes are planned – stay tuned as I will reveal this in January.
Similiar dividend numbers and almost same T income,share ABBV,CVS,VZ with you