Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

March 2016 Dividend Income

|Includes: American Railcar Industries, Inc. (ARII), EMR, KSS

March has come and gone but the dividends go on! With the end of the month comes the collection of dividend payments and the compilation of purchases (2!) made this month. Let's get into it!

March 2016 Dividends:

ARII - American Railcar Industries Inc - $6.80

KSS - Kohls - $6.00

EMR - Emerson Electric - $7.60

Total dividend income for March: $20.40

Total dividend income for 2016: $56.92

Stock purchases for the month of March:

3/4/2016 - KSS - Kohls - 12 shares at $47.50/share

3/14/2016 - ARII - American Railcar Industries Inc - 17 shares at $41.77/share

March was a great month for investing. I came away with two new companies in portfolio and only had to give one of my old companies away (dividend cuts suck!). In addition, I also got to cash in on three dividend payments; two of those payments of course coming from the two newly acquired companies. Although it only totals out to $20.40 in payments for the month and this really just offsets the trade fees, it still ramps up the snowball for more and more payments to come.

With that being said, I've closed in on the amount that was accumulated over the entire year of 2015 in just three months. If you don't remember, in 2015, the total dividend payments were a "whooping" $62.25! I'm hoping that next month, I'll pass this amount and soar on forward! The plan then, going forward, is to add further diversification to the portfolio. I feel like it's a very healthy mix right now but I still feel that it has to gain much further growth outwards rather than upwards.

It's important to always remember to diversify. If there are great companies out there, one should have their hands deep in multiple cookie jars if you catch what I'm trying to throw. This also benefits my intelligence as to invest in any of them, I will have to understand what I'm investing in. This means that I'll have to expand my knowledge base of the industries I'll hope to get into.

That's the plan at least. We will have to see if the plan works out the way I hope it does. I've been keeping my eyes on Wells Fargo and I'm hoping and praying that I can grab a piece of the action while the going on it is good.

Disclosure: I am/we are long ARII, KSS, EMR.