DFG February 2018 Dividend Income

Landscape at Home and Garden show

The goal of dividend growth investing is to create an income stream from many companies that increase their dividend each year.  To protect the income stream they should also be a diversified set of stocks across the many sectors of the industry.  Let's see what companies worked for me and deposited those profits into my brokerage accounts.

This month I was visited by the telecommunications dividend fairies (VZ and T).  While tight competition keeps them from large dividend increases, they provide a nice yield to purchase other dividend growth stocks.

My largest REIT holding (OHI) also did some heavy lifting and rewarded me with a decent chunk of change.  My REIT sector is near my target weight in the portfolio so those dividends will go toward other opportunities.


Company
Ticker
Dividend
Increase
Dividends
Received
Alliance Holdings GP, L.P.
AHGP
$.01
$0.74
Bowl America Incorporated
BWL.A

$51.6
Gladstone Investment Corporation
GAIN

$6.5
Lazard Ltd
LAZ
$.13
$11.79
Omega Healthcare Investors Inc.
OHI
$.01
$264
Procter & Gamble Co
PG

$69.23
AT&T Inc.
T
$.01
$112.55
Universal Corp
UVV
$.01
$27.74
Verizon Communications Inc.
VZ

$71.41
Whitestone REIT
WSR

$9.5
Total Dividends for February


$625.06

On top of that 5 of the companies also increased their dividend per share.  LAZ pays a large dividend only in February so the 13 cents was the increase when comparing it to February of last year.  No complaints here as all of those increases added an extra $5 to my wallet compared to what I was estimating. 

Overall my February dividend income increased by 127% YOY.  I added a decent amount of capital last year and hope to do the same again this year.  Over time the YOY percentage will shrink as my portfolio grows in size.  I hope by then dividend increases will play a larger role than my capital contributions.  I love compounding!

DFG Dividend Income

In times where the stock market is as volatile as it is now I rest easy knowing all of my companies are working hard for me and paying me REAL cash.  I hope you feel the same and if not, come join the DGI community!

Peace,
DFG

Comments

  1. Dividend DiplomatsMarch 10, 2018 at 10:29 PM

    DFG -

    Big congrats, keep that up and love the amazing growth year over year!

    -Lanny

    ReplyDelete
  2. Frankie @ Fully Franked FinanceMarch 12, 2018 at 2:58 AM

    Wow, look at those first two months of the year! Looks like you're certainly going in the right direction! Hope March brings a few nice dividends for you too :)

    Cheers, Frankie

    ReplyDelete
  3. Passive Income PursuitMarch 12, 2018 at 8:25 AM

    Great stuff DFG! Over $600 in February is fantastic. With March under way now I expect you to have a nice jump here too. All the best.

    ReplyDelete
  4. DivHutMarch 14, 2018 at 1:46 PM

    That's a nice showing for the month. Any plans to further diversify your passive income stream so you are not so reliant on just a handful of names for most of your income. Keep up the good work.

    ReplyDelete
    Replies
    1. Dividend Family GuyMarch 20, 2018 at 7:41 AM

      Hi Keith, Yes the plans are to diversify further. Financials are great during Bull markets but not so when the Bear shows up. My goal is to have everything nice and even if not just a tad on the safer side (defensive/utilities).

      Delete

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This webpage is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. If you have any questions please feel free to contact me at dividendfamilyguy at gmail dot com.