This September will stay especially important to me because a key event of my life happened recently. On the 26th of September, our baby girl entered this world! It is a feeling that is hard to describe by words and I haven’t expected it to feel so good. Me and my wife are slowly getting to know our beautiful daughter and are learning something new everyday. Despite less sleep at nights, we are very happy at the moment 🙂
But let’s stay on the main topic of this blog and see how my September looked like from the passive income side.
Three companies paid me dividend during September:
With addition of Pfizer to my portfolio a few months ago, the third month of the quarter is no longer the smallest month in terms of dividend income. It is also the first time in September when I cross the $10 mark. I now only have the first month of the quarter when I don’t reach $10 yet.
Let’s play a little game and try to imagine what I could buy with dividends received from each individual company, related to what the company does:
- $4.02 from Exxon Mobil could buy ~3.3l of diesel to my car which would let me drive ~60km;
- $2.46 from Realty Income would cover ~0,4% of our monthly rent;
- $6.42 from Pfizer could cover ~84% of B-complex vitamins pack I used to buy.
As always, I am not planning to spend those dividends. They will instead play a role in building my portfolio.
Let’s see how dividend amount compares to September of last year:
That’s what I’m talking about! One more month when I receive a triple-digit growth rate. That Pfizer purchase really helped to improve my September results. We shouldn’t forget the other two companies, though – both of them raised their dividend throughout the year and contributed to the growth.
This is how my dividend income progress looks like since the beginning of 2016 when I started recording it:
Purchases and Portfolio Contributions
I managed to contribute €600 to my portfolio this month which is higher than my usual €400. This additional saving allowed me to initiate a position in a new company. I bought some shares of an Estonian company Tallinna Kaubamaja Grupp (77 shares @€9.04 (+€2.00 commissions) for a total of €698.04). You may read more about this purchase here.
I haven’t added any funds to my P2P lending portfolio.
This month marked one announcement of a dividend increase. Realty Income (O) raised their monthly dividend from $0.22/share to $0.2205/share. This represents a very tiny increase of ~0.2%. Since I own 16 shares of O, it will increase my net annual income from Realty Income by ~$0.07 ($0.0005*16*12-30%). Even though the amount is very small, it’s the fourth time this year when Realty Income increases their dividend so I can’t complain.
Income from P2P Lending
During September, I received €6.53 in interest from P2P lending. This is slightly less than last month (when I received €6.63). As always some of the loans are late and some of them are going to default but I knew that this is part of the game. It’s still a profitable investment so we will see how it will look going forward. I haven’t added anything to this platform this month. My P2P lending portfolio currently consists of 52 loans with total value of €628.39.
In total (after converting to EUR) I received €17.71 from passive income during September. This brings my total for 2018 to €195.87. I am getting closer to my goal to receive €240 from passive income during 2018. With 3 months left, I need to earn additional €44.13 which is ~€15 a month. I should be able to reach the goal if nothing unexpected happens.
How was your month? Are you sharing any of my dividend payers? Thanks for reading and feel free to comment below! 🙂