September 2016 Dividend Update

dividends-5The Passive Income Report is the TOL’s favorite post.  Our definition of Passive Income is any income received in the form of dividends, interest income and rental income.  We consider it a true blessing to plant seeds as we go through life and reap the plentiful harvest, all without putting forth any additional effort.  Passive Income is the key to financial independence and breaking the chains of a traditional job.  Passive income, along with smart investing and eliminating wasteful spending, is how we will “Trade Our Life” from a grueling work schedule to that of true independence.

Sad to say but September brings about the end of summer, which is our favorite time of the year.  The beach weather will be leaving, ushering in the cooler weather of Fall.  If there is one thing we love about passive income, it’s that it comes in no matter what the weather or the season is!

Let’s see how we did!

Below is our passive income for the month of September:

$ 8.36 – Wells Fargo, Inc. (WFC)

$ 5.40 – Pfizer (PFE)

$ 2.37 – L. Brands (LB)

$ 5.25 – ExxonMobil (XOM)

$ 5.94 – United Technologies (UTX)

$10.00 – MetLife (MET)

$ 1.26 – Main Street (MAIN)

$ 2.82 – Realty Income Corporation (O)

$ 1.44 – Flower Foods (FLO)

$ 6.48 – T. Rowe Price (TROW)

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$49.32 TOTAL SEPTEMBER DIVIDENDS

$  5.35 ONLINE SAVINGS ACCOUNTS

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$54.67 TOTAL SEPTEMBER PASSIVE INCOME

 

For the month of September 2016, the TOL’s earned a total of $54.67 in passive income, which is 31 cents lower that the personal record we set last month in August’s report!  Yet another strong month!

DIVIDEND INCOME:

For the this month, the dividend income of $49.32 was almost in line with the previous month’s income of $49.67, which was a personal best for the TOL’s.  Dividend income for September 2016 absolutely destroyed the income we received in the previous year’s September by 986%, as September 2015 dividend income was $4.54!  I had to double-check that just to make sure!

When September 2016’s dividend income is shown against June 2016, the 3rd month of the previous quarter, we see the quarter-over-quarter dividend income growth of 21.7%, as we received $40.51 in June 2016.  Contributing to the quarter-over-quarter increase was our first dividend payment from Verizon and increasing our position in MetLife and adding Wells Fargo to our New Life Portfolio.  We also increased the number of companies from which we received dividends from 9 in June to 10 in September.

INTEREST INCOME:

Interest income for the month came in at $5.35, a slight 0.75% increase from last month.  Our Emergency Fund, which is where we earn almost all of our interest, did not move for the month.

Compared to September 2015, interest income dropped 51% from $8.08 paid during that time.  This is the result of using extra cash to pay off debts during 2015.

ANNUAL DIVIDEND INCOME:

Year-to-date, we have earned $250.02 in dividend income, a huge jump from the total income earned in 2015 of $44.91.  Wow, the power of cutting wasteful spending, saving and investing.  If only we had started this journey earlier in life!  But you know what they say, “Better late than never”!

Something new we are adding to our Passive Income posts is the percentage of our current monthly expenses that are covered by passive income.  Currently, the TOL’s monthly budgeted expenses are $2,710.93.  Passive Income coverage is as follows:

  • Passive Income for September 2016 covered 01% of our monthly budgeted expenses.

September turned out to be a fantastic month for Passive Income, as we were paid over $54, for the second consecutive month, without having to lift a finger.  That is the power of planting a seed, and continuously reaping a harvest every month, for the rest of your life!  We will continue to push forward – we are just getting started!

 

We would love to know how all of you did with passive income for September. Was your month pretty calm or did you reach any personal highs?  What are you looking to buy/invest in to increase your income and portfolio size?

 





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