October 2017 Passive Dividend Income

I’m sitting here waiting for kids to show up and nicely beg for candy. That can mean only one thing. It’s Halloween. I’m also tracking my passive dividend income.

The fact that it’s Halloween means that 10 months of 2017 are down, and only two are left to go. The year has flown by quickly. The month of October also flew by quickly.

I enjoy the end of the month, not because I’m getting older, but because it’s a good time to look back and see how the companies that I own paid me over the month.

Building passive dividend income, slowly, but surely!

I did not make any purchases during the month of October. What I have continued to ride. I currently own shares in eight separate companies and one ETF in my traditional IRA. I may make more purchases this year, and I may not. But I’m happy to own companies that pay me to own them.

October was not a great months in term of paper losses. I lost about $400 in value over the past week. It was also not a great month when it came to dividend payments. Few companies pay out in the first month of each quarter. I own few companies that pay out in the first month of the quarter.

Regardless, my money kept working ALL…Month….LONG!

Passive Dividend Income For October

Without further ado, here are the companies and funds that paid me in October 2017:

Bank of Nova Scotia (BNS)                                                       $6.13
Realty Income Corp (O)                                                             $5.30

Total Dividend Income from IRA                                   $11.43

JP Morgan Equity Income R5 (OIERX)                             $0,48

Total Dividends For October 2017:                             $11.91

This $11.29 was admittedly less than the $15.33 that I received in July, which was the last first month of a quarter. This occurred because I sold General Electric (GE). I’m glad that I sold, although I should have sold well before I did. Since I’ve sold this company, it’s price has dropped by more than $4 a share. Also, there is quite a bit of chatter regarding a possible dividend cut. I’m definitely not in the game to get my income cut so I sold.

I traded the GE for the Bank of Nova Scotia, but my purchase was smaller than the amount of capital I put toward GE initially. Therefore, my dividend income went down.

My dividend income for October brought me up to $348.65 in dividend income for 2017. This is well above what I earned for all of 2016. Furthermore, my passive dividend income for the next 12 months should come in at $490.44 if my calculations are correct.

I’m getting close to the $500 mark in passive income, and I’ve passed the $40 a month mark on average. When I first started out with a small purchase of Apple stock, I expected to make a bit more than $2 in dividend income, so this is a huge increase in a little more than two years. I’m making well above $2 in my worst months.

How was your dividend income for October? Let me 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 or via the popup that asks you to sign up. 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. I’m long O, BNS and OIERX.

2 thoughts on “October 2017 Passive Dividend Income

  1. I’ve been telling myself for YEARS that I should be investing in stocks, but I was always so broke that I talked myself out of it. Man, I need to start putting a little in every month.

    How much did you start with? And how much do you own in total value, if you don’t mind my asking? Also, do you reinvest those dividend payments or just reinvest them to compound your growth? I’m just wondering how much I’d need to have invested to be earning dividends like the ones you’re reporting here.

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