The shortest month of the year is in the books and officially the winter is over! Looking over the window, it actually doesn’t seem so, as we have ~-14°C at the moment. Oh well, it should only get better from here and I am sure that the coldest days are behind us until next year. Let’s see what my investments managed to do in the last 28 days.
Second month of the quarter is still my best month when I have 3 companies paying me dividends:
In total, I received $13.45 from companies that should be well known to dividend growth investors community. I like the companies because it is clear what they are doing and I can relate to them.
E.g. with the dividend from AT&T (€5.46), I could cover 78% my mobile phone bill of €7. I managed to reduce my bill recently by a chance when I helped my wife to visit my service provider. She was shopping for a cheaper mobile phone service bill and was offered a great deal for €7/month. Since I was paying €10.99 myself, I asked if it applied to me as well. Just like that, the plan was applied to me and I will now be saving ~€48 a year and even get more mobile data than with my previous plan.
Year on Year Comparison
Let’s see how it compares with February of last year:
The increase from last year is minimum but I am happy that it is going to the right direction. Also, all 3 of the companies managed to raise their dividend, compared to last year, so I will take that.
During February, one of my companies declared a dividend increase. Cisco (CSCO) announced that they are increasing their quarterly dividend from $0.29 to $0.33 per share. This represents a respectful increase of 14%. That’s what I’m talking about! Since I hold 31 shares of CSCO, it will increase my annual dividend income by $3.47 (31 * $0.04 * 4 – 30%tax). Investment in CSCO is looking very good in general as well so far. Since I purchased it in September 2017, the price of the stock managed to climb by whopping 37%! I hope this trend can continue going forward.
This is the third month in a row when some company from my portfolio increases their dividend! I would love to continue the streak but March may be the end of it.
Purchases and portfolio contributions
This month I didn’t purchase any stocks but I invested in a different kind of asset. I invested €544 to buy a set of coins that were released by Lithuanian Bank to celebrate 100 years of restored Lithuania’s independence. You may read more about this purchase in this post.
I also added additional €30 to my P2P lending account.
I managed to put aside €330 for investments this month. I see this as a good result due to the fact that I had a week-long vacation in Tenerife and still managed to put aside some money for investments. The amount was used for above mentioned purchase and the rest will stay in cash until I have a big amount to invest again.
Other passive income
During February, I received €4.96 (compared to €4.78 last month) in interest from P2P lending. As it became usual recently, some loans are late. This month, I have 1 loan being late for 15-40 days and one loan is late for more than 40 days so it was transmitted to a debt collection company. I guess, this one might be the first one to default in my experience. However, those loans are insured, so I will start receiving the money back in case they are late for 90 days. In February, I also invested a small amount (€15) to a commercial loan. It’s a new thing, so I will see how it goes. Currently, my loans portfolio stands at €416.17 and is distributed among 31 loans.
In total, after converting to EUR, I received €15 during January. This puts the total for this year to €26.74. This is only 11% of my goal of €240 for 2018. I guess the goal is too optimistic but I will do my best to come as close to it as possible during the year 🙂
How was your February? Are you happy with the results? Thanks for reading and feel free to leave a comment below!