Saturday, November 9, 2013

Dividend Income Progress Update - October 2013

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in October, extending the streak to 40 consecutive months of increases after June 2010's decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 69 of the last 71 months.

My goals were defined in this December 1, 2007 Investing Goals post and last updated in my 2013 Investing Goals post. Below is an updated version of the table found in the original post.

Description Dividend
Income
Annualized
Yield
on Cost
2027 Goal 110,000 n/a
2017 Goal 30,000 n/a
2013 Goal 25,000 n/a
December/2012 21,650 4.47%
Purchases YTD 4,943 -0.17%
Div. Changes YTD 1,346 0.16%
Sales YTD -2,106 0.06%
October/2013 25,833 4.52%
Purchases 265 -0.02%
Div. Changes 104 0.02%
Sales 0 0.00%
September/2013 25,464 4.52%

The above information covers the current month and year-to-date through the current month.

Click here for a Detailed Historical Progress Table.

For the month, annualized dividend income increased $369, and Yield on Cost (YOC) was flat 0.00%. This month's changes were a net of new purchases and dividend changes (no sales during the month). Let's examine each of the these categories:

Purchases: Purchases this month increased my annual dividend income by $265 and decreased yield on cost -0.02%. As noted in earlier updates, I generally expect YOC to drop in most months since new investments will yield less than my current YOC, and dividend increases will not be sufficient to offset the decline.

Dividend Changes: The $104 increase in annual dividend income and 0.02% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):

- $14 Community Trust Bancorp Inc. (CTBI) $0.315q>$0.32q
- $45 Illinois Tool Works Inc. (ITW) $0.38q>$0.42q
- $29 Cincinnati Financial Corp. (CINF) $0.4075q>$0.42q
- $16 Leggett & Platt, Incorporated (LEG) $0.29q>$0.30q

Sales: There were no sales during October.

That's it for this time. The next monthly progress update will be early December.

Full Disclosure: Long, all the aforementioned securities. See a list of all my dividend growth holdings here.

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(Photo: sanja gjenero)


Tags: [CTBI] [ITW] [CINF] [LEG]

2 comments:

  1. Hi DGS,

    "Dividend Income 2027 Goal 110,000"

    This is a very ambitious goal!
    Can you tell me the calculation?
    With which values ​​you have calculated?
    Or is there a formula for it, in that you can use these values​​?

    Good luck - I hope you reach your goal.
    I'll be here until 2027... ;-)

    regards
    D-S

    ReplyDelete
  2. I use an extensive model that is tied into my financial model that does year my year projections.

    Best Wishes,
    D4L

    ReplyDelete

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