A year ago at this time I was eagerly tallying up the first dividends I had ever received in my life, which amounted to the mind-boggling amount of $6.26, lol! It was so exciting to see that passive income rolling in, and I knew that it was just the first step on the long but rewarding road to financial freedom.
It’s crazy how quickly time passes by, as it honestly still feels like yesterday that I received those first dividends, but I’ve certainly come a long way since then. On that note, let’s take a look at what I earned in February 2016.
|Omega Healthcare Investors||$35.34|
|Procter & Gamble||$3.98|
So I received just under $75, which is something like an 1080% year-over-year increase compared to what I earned in February 2015, haha! Granted, such a massive increase on a tiny amount like $6.26 isn’t really all that impressive, but it is still symbolically significant. Progress is progress after all, no matter how big.
Of particular note this month is Kinder Morgan’s pitiful payout, which is a mere shadow of the $7.65 I received from them back in November. The 75% cut to the dividend was certainly a painful blow that left a bitter taste in many a dividend investor’s mouth. Oh well, such is life. The oil glut has not been kind to the energy and basic materials sectors, but there is nothing we can do about it. In time, these sectors will heal and the dividends will start growing again. Patience is the name of the game, and for a young investor like myself with a very, very long time horizon (40+ years), it’s not all that big a deal.
Onward to March!
Disclosure: long AAPL, AXP, HAS, HCP, KMI, OHI, PG, SBUX, VZ