February 2016 Passive Dividend Income

Well, it’s my favorite time of the month. It’s time to look back and see how much passive income I was able to get from owning high-quality companies during the month of February. I owned no individual dividend stocks at this time last year, so anything is infinitely better than what I got from dividends in February 2015. I was able to deploy a little bit of capital over the month, so my income will hopefully grow even more in future months. I earned two dividends in February, and here they are, without further ado:

Apple (AAPL)                    $1.40

AT & T (T)                          $4.87

TOTAL for February:    $6.27

This was up from $5.41 in the second month of the last quarter, which was an increase of nearly 16 percent over the past three months. My AT & T dividend purchased 0.135 additional shares, which will add about $0.26 to my dividend payout when T forwards money to my DRIP in May. My total dividend income thus far in 2016 is up to $10.75, which is $10.75 ahead of this time last year. I also added some capital to Apple since the last payout, and it should grow. March should be a good month, as I will get paid by three different companies, including my largest holding. I should cross over the $10 mark for a single month for the first time. Hopefully, I can add a couple of zeros to this in the not-too-distant future.

I’m hoping to cross $10 of dividend income in my Loyal3 account that I can then use to open up another position. Starbucks (SBUX), Disney (DIS), or Unilever (UL) are the most likely subjects for this new position, but I’m waiting until I can make the purchase to decide for sure. Unilever has a higher dividend yield at the moment, and they sell stuff that people buy every day. However, the other two are likely to be able to grow their dividends more rapidly in the future because of low payouts. What would be the best buy in this circumstance? Let me know your thoughts?

6 thoughts on “February 2016 Passive Dividend Income

  1. I think it’s everyone’s favorite time of the month when tallying up dividends. Slowly but surely keep building up that dividend income snowball. I like UL as a solid consumer staple play. I tend to favor that sector the most. SBUX also makes my radar but I do not own that one yet. For now, Id’ focus on building a solid dividend income base with staples which are always expensive it seems.

    • cp913 says:

      The consumer staples do always seem to have a higher cost relative to earnings. However, they continue to bring in revenue in just about any economic condition.

  2. It’s definitely my favorite time of the month. I enjoy writing my dividend income posts. But, I get more pleasure reading other blogger’s dividend income posts. It serves as inspiration for me to continue pushing forward. Nice work getting dividends from two fantastic stocks T & APPL.

    • cp913 says:

      Hoping to increase my holdings in these companies going forward, but it takes time with limited capital availability.

  3. Nothing is better than preparing a monthly dividend income summary and seeing your results/progress. That’s the fun of dividend investing. For me personally, I get excited with each dividend receipt and ideally daily update of my portfolio. This stuff is just too much fun for me. I love AT&T and it is a staple in my dividend portfolio. I think it may have been one of the first two stocks I purchased on my own. Keep up the great work and enjoy the growth rates in dividend income. That 100% YOY growth rate is pretty darn impressive if you ask me.

    Take care,

    Bert, One of the Dividend Diplomats

    • cp913 says:

      Thanks for stopping by, Bert. I’m looking to add to T over time. It was obviously one of my first purchases. I have a total of 8 stocks in my portfolio at this point, but looking to add in the coming months. It’s fun to see the numbers growing each quarter.

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