I have to admit that I didn’t spend too much time blogging recently. Raising a baby and training for triathlon definitely takes its toll on time spent on reading other blogs and writing posts of my own. However, I don’t want to make excuses, as I could definitely find some time if I omitted unproductive activities in my life (playing mobile video games, browsing Facebook, etc.). Anyway, one thing I am sure of, is that I will keep doing my monthly summary reports, as this is the most enjoyable type of posts to write.
Without further ado, let’s see what my portfolio generated during the month of March.
This month I received dividend from 5 companies:
Almost $30 received which is quite a lot for my portfolio, so I can’t complain! I can see two new payers, as I received first dividends from Blackrock and Target. I purchased them in December and January respectively.
As always, let’s see what part of expenses, related to the companies, the dividends could cover if I decided to spend them:
- $6.81 from Pfizer would cover 87% of our healthcare related expenses for the last 3 months. We didn’t spend much and it feels good that we have free healthcare system, as we had a few visits for regular health checks and vaccination for our baby-daughter;
- $8.16 from Target would cover 0.6% of what our family spent on food in the last 3 months. Food expenses are pretty high but we are eating quite healthy products, so I am not planning to change this too much;
- $4.02 from Exxon Mobil would cover 2.7% of our car & transportation expenses for the last 3 months;
- $2.53 from Realty Income would cover 0.4% of our monthly rent;
- $8.41 from Blackrock would cover ~57% of our expenses in Banking category for the last 3 months.
There is long way to go for dividends to cover significant amount of our monthly expenses but performing this fun exercise gives me motivation to keep going.
Let’s compare dividend income to March of last year:
It looks like my recent investments are finally kicking in. I have 3 new payers compared to last year which is the biggest growth driver. Of course, I cannot forget XOM and O that also contributed to the growth by raising their dividend.
This is how my dividend income progress looks like since the beginning of 2016 when I started tracking it:
Purchases and Portfolio Contributions
This month I added €600 to my investments account. I used this amount and some previous savings to add a new stock to my portfolio. On the 7th of March I purchased 21 shares of CVS for $53/share for a total of $1120. You may read more about this purchase here. As a result, our Projected Annual Dividend Income increased by $35.70 (after taxes).
I haven’t added any funds to P2P lending platform this month.
I am happy to say that the streak of dividend increases continues. I received one dividend increase, albeit a small one:
As expected, the raise is very tiny but Realty Income tend to increase their dividend every quarter, so I will take that.
Changes in Projected Annual Dividend Income (PADI)
As I mentioned in previous posts, I have a goal to increase my PADI to $450 from US companies this year. This means that I should add additional $18/month in average if I want to achieve the target. To track the progress, I monitor PADI increase/decrease from two sources – dividend increases and capital contribution.
Let’s see how forward dividend income changed during March:
As you may see, it was a strong month and I am on target to reach the goal if I keep up the pace.
P2P Lending Income
This month I received €7.66 in interest from P2P lending. Nothing new in this front, as I haven’t added any additional funds to this platform in the last few months, just re-invested the interest.
My loans portfolio currently consists of 70 loans for a total value of €728.
In total (after converting to EUR) I received €34.29 from passive income. This brings total number for the year so far to €69.26. I am falling behind my target to receive €480 from passive income during 2019. Thankfully, the next couple of months should be more fruitful, so it will give me some breathing space. On the other hand, I have already received almost double of what I had at this point last year, so the progress is there.
All in all, it was a great month. I know that the quarter-ending months are great for most dividend investors. Did March treat you well? Are you sharing any of the dividend payers with me? As always, thanks for stopping by and I would love to read your comments!