March 2016 Dividend Update

is

Time really does fly when you’re having fun!

March has come to a close, and with it, the first quarter of 2016 is in the books.  Time waits for no one, and once a day has passed, it is gone forever.  My hope is that we all make the most of our time and make sure each moment is positive and we all press forward in the right direction.

It is now time for our favorite subject – PASSIVE INCOME!!!  This is the time to tally up how much money my money made, how much I earned without doing anything to earn it.  It’s about planting a single seed into the ground and watching it yield fruit every season.  It’s a way to TRADE OUR hectic work LIFE for a much simpler one.

Here are the numbers of our passive income for the month of March:

 

$5.76 – United Technologies (UTX)

$5.11 – ExxonMobil (XOM)

$2.38 – Emerson Electric (EMR)

$1.26 – Main Street Capital (MAIN)

$3.75 – MetLife (MET)

$5.94 – T. Rowe Price Group (TROW)

__________

$24.20 TOTAL MARCH DIVIDENDS

0.00 CREDIT CARD REWARDS, APPS

4.63 ONLINE SAVINGS ACCOUNTS

__________

$28.83 TOTAL MARCH PASSIVE INCOME

March passive income was pretty impressive, given the size of our portfolio.  We mentioned in our previous Passive Income post for February that we want to capture all of our “passive” income, not dividends only.  We plan on diversifying our portfolio to include interest from bonds, CD’s and savings accounts, as well as any reward points from credit cards and downloadable apps.

Following is the brief breakdown of each category:

Dividend Income:

For March, our dividend income was $24.20.  This is an outstanding…wait for it…wait for it…3,407.2% increase from March 2015, when we had dividend income of whopping $0.69.  March 2015 was the first month we received a dividend into our New Life Portfolio.  It was the beginning of a beautiful journey that we are now on, as we strive to reach Financial Independence.  It really is exciting for us watching the snowball in its beginning stages knowing that it is gaining speed and momentum, picking up more snow as it rolls along.

Since March is the 3rd month of the quarter, I will compare the amount to the 3rd month of the previous quarter, December 2015.  March’s income saw an 86.44% increase from December 2015 (12.98).   This increase was related to an additional purchase of UTX shares, and initiating positions in MetLife (MET) and T. Rowe Price (TROW).

Interest Income:

Our interest for March came in at $4.63.  During the same month 2015, interest income was $10.35, which means our interest income declined $5.72, or 55.2%.  This was expected as we held a larger cash position during that time before eventually deciding to pay down debts.  Lastly, we purchased a 5-year CD, yielding 2%, to supplement our dividend income.  It will pay interest quarterly, which is when we will recognize the income and report it.

REWARDS:

We received no income from credit card rewards or any apps, though we have accumulated enough points from both to cash in.  As we exchange points for dollars, we will include it in future posts.  The apps we currently use are FRONTO and MEDIA INSIDERS and GIFTIES.

 

New Life Portfolio Update:

The portfolio was born February 5, 2015, with the purchase of a single share of ExxonMobil.  At the end of 2015, the value of the portfolio was $3,393 with about $3,457 invested.  As of the end of March, the value of the portfolio now stands at over $7,000 in two months.  We are proud of the progress as we look to see $10,000 invested before 2016 is over.

 

We would love to know how all of you did with passive income for March.  Did you reach personal highs?  What are you looking to buy/invest in to increase your income and portfolio size?





4 thoughts on “March 2016 Dividend Update

  1. Dividend Diplomats Reply

    TOL,

    Nice divvies for the month! My article will release later on this week, but we definitely share some big names. Those divvies will snowball into large as heck income streams for you in no-time. Congrats and keep it up!

    -Lanny

    1. Tradeourlife Reply

      Hi Diplomats! Thanks for stopping by!

      Thanks for the boost of confidence. We have been investing a little over a year now, and the income is really building up. It’s amazing how far we’ve come from a $0.69 cent dividend a year ago seeing our monthly expenses being covered by dividend income.

      I’m a follower of your blog, and I see you guys over there killing it! Look forward to your next article!

  2. DivHut Reply

    From dividend pennies, dividend dollars are born. Keep buying and holding solid long term dividend payers that have sustainable yields and long term you should do just fine. Nice list of companies paying you in March. I see we have EMR in common for the month. Thanks for sharing and look forward to your next update.

    1. Tradeourlife Reply

      Hi DH, and thanks for stopping by.

      You are definitely right that from pennies, dollars are born. We started with 69 of those little pennies back in March of 2015 and it’s been growing ever since.

      Nice being co-shareholders of EMR. Though I was a bit disappointed in their recent dividend increase, I am still a long-term holder. I expect to be reporting more dividend income and more holdings when the end of the next quarter (June) rolls around.

      Good luck!

Leave a Reply

Your email address will not be published. Required fields are marked *