March 2017 Passive Dividend Income

Passive Dividend Income Builds Up Slowly But Surely

Yet another month has come and gone. I don’t like new months for one reason, as they seem to be coming more quickly as I get older. I do, however, enjoy them for another reason, because they give a great chance to look back. One of the best things to look back over is passive dividend income.

As you might already know, I’ve decided to embark upon a path of building a growing stream of passive dividend income. The strategy involves buying stock in a few high-quality companies. These companies have many employees who work hard every day.

They also tend to make lots of money, and part of the money that they make comes back to me in the form of dividends. These are cash payments that I can use for pretty much whatever I want. At this point in life, I’m using them to buy more stock. Which leads to more dividends. Which leads to more stock. And on and on this virtuous cycle should go.

Passive Dividend Income for March 2017

March was a great month for earning dividends. I had several companies and funds that paid out in the month. One was even unexpected. Kraft-Heinz switched up from paying out in the first month of the quarter to the third month. It’s no big deal, but it does make my first month income look smaller. Oh well, first world problem, for sure. Here are the great companies that paid me passive dividend income during the month of March:

Taxable Account

Unilever (UL)                                                                           $0.33
McDonald’s (MCD)                                                             $2.79
Kraft-Heinz (KHC)                                                               $1.72

Traditional IRA

Southern Co. (SO)                                                             $16.80
Johnson & Johnson (JNJ)                                               $8.00
Realty Income Corp (O)                                                   $2.11

401k

JP Morgan Equity Income R5 (OIERX)                  $2.23
Cohen and Steers Realty Shares (CSRSX)            $8.18

TOTAL FOR MARCH 2017:   $42.16

Year-to-Year Comparison

When adding up all of these dividend payments, they come up to $42.16 for the month of March. This is an increase of nearly 210 percent over the $13.62 of passive dividend income that I received in the same month last year.

My dividend income  for 2017 is now up to $90.35 for the year. I was at a little less than $25 at this point last year. My $42.16 in dividend income would have bought me just north of 2 hours of freedom in March, based upon my estimate of needing $20/hour of passive income to keep up my standard of living without full-time work. My monthly passive dividend income page that tracks my progress over time has an update with this information.

How was your dividend income for March? Let us know in the comments.

If you’d like to keep up with my progress, be sure to sign up for updates in the email signup box near the top of the page. You can also follow me on Twitter.

Disclaimer: I am not a professional financial advisor. I intend this information for informational and educational purposes only. Perform due diligence before investing in any equities. See my disclosures page for more information.

Image credit: Wikimedia Commons

 

15 thoughts on “March 2017 Passive Dividend Income

    • cp913 says:

      I will indeed take this. I’m sure that it’ll slow down sooner or later, but big increases early on are definitely motivating.

    • cp913 says:

      I’m hoping to get there in the not-too-distant future. It might take a few years, but I’m hoping that it comes sooner rather than later. Thanks for visiting.

  1. Looks like a great March for you. Congrats on growing your dividend income year over year and building up that passive income stream slowly but surely bit by bit. I love that tortoise picture. That’s a perfect DGI representation. Even though your list of payers are relatively small we share almost all the same stocks paying us for the month. Keep it up!

    • cp913 says:

      It takes time. I’ve only been taking this strategy for a little less than 2 years. Compounding starts small but grows over time.

    • cp913 says:

      Thanks for visiting. If one could keep up these growth rates, it wouldn’t be long before they’d be able to have more money that Buffett. Obviously, that ain’t happening, but it’s fun to see it at the start of my investing career.

  2. Great increase and you’re so close to getting to $100 in dividends. I like reading blogs like yours because I too have a small portfolio and it reminds me that I’m not alone in the big world of DGI.

    • cp913 says:

      I’m hoping to hit $100 in a month at some point this year. One of my goals (in addition to personal accountability) is to inspire others to start investing. Small steps can add up to big gains over time.

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