February has come and gone and now it's time again for my favorite monthly update, my dividend update. These dividend updates reflect all dividends that I receive through my investing pursuits and I hope can help inspire you to take control of your own finances and to invest to build a passive income stream. What you use that stream for is up to you, whether it's to fund early retirement, just provide some FI/FU money, or even to provide for an annual vacation; the key is that it can provide options and opens up all sorts of possibilities. February treated me quite well on the dividend front, as it was a big increase from November. You can check my dividend income or progress page to see what dedication to an investment plan can give you. The beauty of investing in dividend growth stocks is that you don't have to spend 40 hours a week earning that money. The companies do the work for you and cut you a check.
I received a total of $224.49 in dividends in my FI portfolio in February and have received a total of $373.77 so far in 2014. However, February was another zero payment month for my Roth IRA so I'm still at $12.39 dividends received. For the FI portfolio, February's dividends continued to show huge improvements. February's total was a 65% increase from November 2013 and a whopping 257% increase from February 2013. I'd love to keep those growth rates up but I know they'll start trending down. I don't necessarily look at the typical payout dates of the companies I own, but it's good to see the February, May, August, November schedule building up. I'm only 8.31% of the way towards my goal of receiving $4,500 in dividends this year but March should be a huge month of dividends for me and help push the total further along.
I made quite a few purchases during the month including Unilever (NYSE:UL), Phillip Morris (NYSE:PM), and PepsiCo. (NYSE:PEP) twice. I decided to triple my holding of PepsiCo after updating my valuation on the company after Q4/Full Year 2013 results were released last month. The new purchases, as well as dividend increases from 5 of my holdings, helped to increase my forward 12-month dividends by over $200 to $3,996.65. It's so close to $4,000 and a quite robust $333 monthly average. I'm now 79.93% of the way towards my goal of $5,000 in forward dividends by the end of 2014. My Roth IRA's forward 12-month dividends are at $216.09 and will only make baby steps going forward.
I've added a new chart showing the monthly dividend totals to show how the dividends received from my portfolio continue to increase. It's not always an increase, as some companies have weird payout schedules and eventually you'll be forced to sell a position or two, but the long term trend is what matters.
|Company||Dividend Amount||DRIP shares|
|Procter & Gamble (NYSE:PG)||$27.70||0.357|
|Kinder Morgan, Inc. (NYSE:KMI)||$70.27||2.074|
|Air Products & Chemicals (NYSE:APD)||$12.95||0.125|
|Realty Income (NYSE:O)||$10.01||0.244|
|HCP Inc. (NYSE:HCP)||$43.60||1.149|
|American Realty Capital Properties (ARCP)||$8.44||0.610|
|General Mills (NYSE:GIS)||$13.30||0.276|
A full list of my holdings can be found here.
Disclosure: I am long PG, T, KMI, O, APD, HCP, ARCP, GIS, VOD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.