Well folks, the new year is upon us, which means it’s time to tally up those December dividends and crunch out the total passive income we’ve received over the last 365 days. Here’s what my numbers looked like:
|Company (Ticker)||Dividends||Chevron (CVX)||$21.60|
|Emerson Electric (EMR)||$16.80|
|Johnson & Johnson (JNJ)||$16.00|
|Main Street Capital (MAIN)||$12.95|
|Main Street Capital (MAIN)||$19.25 (special dividend)|
|Spectra Energy (SE)||$12.96|
|T. Rowe Price (TROW)||$13.50|
|Wells Fargo (WFC)||$16.72|
That’s almost $150 in dividends this month! This sum is officially a new record for me, eclipsing my previous high of $132 back in June of this year. What a great way to close out the year!
As always, these end-of-quarter months pack quite a financial punch. I received some chunky paychecks from a variety of wonderful businesses, many of which will be familiar to other fellow dividend investors. The special dividend from MAIN was especially nice (and especially fat); who doesn’t love receiving bonuses that are larger than your actual paycheck?
Also of note, December marked the first month of payouts from TROW for me, a company which I scooped up a few months ago when it dipped to bargain-level prices. My portfolio has undergone quite a few changes this past quarter, one of which was the purchase of TROW, and I will be releasing a “portfolio update” post very soon detailing all these changes.
December will also be the last month I received dividends from Chevron, as I recently closed out my position in the oil giant. 2015 and 2016 were quite unforgiving to the oil industry, and while Trump’s victory has temporarily inflated the price of many oil stocks, it doesn’t change the fact that the underlying fundamentals of these companies are on shaky grounds. I may venture into the oil industry again someday, but for the time being, I sleep better at night without it included in my portfolio. Here again, I will detail this change in an upcoming post.
And last but not least, my dividend income for 2016 comes out to a grand total of $1,193.68 — nearly double the amount I had made in 2015. That’s some pretty awesome progress right there. To say that 2016 has been fantastic would be quite an understatement at this point! 😀
I hope that 2016 has been as bountiful to all my fellow dividend investors as it has been to me. This journey to financial freedom we are on is exciting and more rewarding than just about anything else. Let us now look to the new year and continue moving forward, one dividend at a time.
Onward to 2017!
Disclosure: long EMR, JNJ, MAIN, SE, TROW, VTR, WFC