Marching past $200 in dividend income

Fresh off August’s new dividend record – nearly $40 for the month – September started with a few more steps in the right direction.

I earned a combined $5.40 from eight different companies on Friday and, as you can probably tell by the title of this post, I’ve finally marched past the $200 mark. That’s right … I have officially earned more than $200 in dividends – $205.17 to be exact – since I started earning them at the beginning of this year.

That number isn’t gigantic, but it’s big enough for me to sit back and admire for a minute.

………………………….

OK, consider it admired. Now that that’s out of the way, I can officially set my sights on the $300 mark. Based on the rate my dividends have been coming in, I should be able to get there in three months or so.

Here’s where Friday’s payments came from:

COSTCO

COST paid me $0.50 for one share. It’s nothing compared to the $7.50 the company paid me last quarter, but I guess it can’t hand out $7 special dividends all the time now can it? Last quarter came as a complete and pleasant surprise. I suppose this dividend, though, is more like what I can expect in the future.

Goodyear

GT paid me $0.10 for one share … the same amount as last quarter.

Boeing

BA paid me $1.42 for one share. The company has now paid me twice, but, while the dividend is quite nice, its not nearly as nice as the appreciation has been. My one share has gained nearly $70 in value (up 39.90%) since I purchased it for $171.77 back in February. Now, where can I find more stocks with 40% upside? Hmmmm.

Intel

INTC paid me $0.55 for two shares. I doubled my position since last quarter, so the payment was twice as much as last June’s $0.27 dividend.

Grainger

GWW, which is down nearly 30% since I added it to my portfolio, paid me $1.28 for one share … same as last quarter.

Pfizer

PFE paid me $0.32 for one share … same as last quarter.

Ford

F paid me $0.15 for one share … same as last quarter. Yeah, It’s late and I’m getting tired.

Cummins

Ahhhh, here we go … a raise. CMI paid me $1.08 for one share, a full $0.05 more than the $1.03 the company sent my way last quarter. I love raises and, while it’s not in the double-digit area, it’s much appreciated. When a company announces a raise it tells me it’s dedicated to its dividend, which is great for dividend-growth investors like myself.

That’s all for now. March on!

  • Off to a great start this month! Keep’em coming.

    • Steady Saver

      Thanks! I’ll do my best to stay consistent with the posts! Thanks for reading.

  • Anthony Roch

    I found your blog today and read alot of it. Like you I also use Robinhood and am new to the whole stock market game. I enjoy your blog and thank you for putting it out there.
    I did however notice that you have yet to mention or take advantage of the free stocks that Robinhood is giving for having people join under your account. Such as mine is http://share.robinhood.com/anthonr617
    Also I was wondering what the difference was for you when you filed Taxes last year with the newly added stock trades and all. I have only been in the game since June and currently have yet to get a dividend but have made many trades in the market. Any information on how that worked would be appreciated.

    • Steady Saver

      Last year’s tax return was basically the same as when I wasn’t investing at all. I had a small portfolio, but no capital gains from sales and no dividends to speak of. This year, though, I’ll have all the dividend income to report. I’ll let you know how that goes.

      • Anthony Roch

        I look forward to reading more of your blog as it develops. I’m going to try my hand at dividend stripping. Going to give my self a small test phase at it this week and hopefully I’ll know in a month how it pans out. I’ll like wise keep you posted as I know majority of your portfolio is based off dividends in your March to a Million.

  • Graham @ reverse the crush

    Congrats on reaching the $200 milestone! It is something worth taking a few minutes to think about. I’m looking forward to following your progress! Thanks for sharing 🙂

    • Steady Saver

      Thanks for readying, bud. The dividends have really been adding up. $300 shouldn’t be far off. I enjoy reading about your progress as well.

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