February Dividend Income

After 34 years of clocking in and out of work and religiously saving 10% annually in my 401K every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.

Received my annual review at work and my raise was higher than expected.  Since I budgeted to max out my Roth IRA for the year, this is the first time I have ever increased my 401K savings rate from 10% to 11%.  This improved my annual saving rate to 24.6%.  Below is a new metric I decided to include in my monthly updates. You can see 2019 was the turning point in my saving rate and was the first full year I had no credit card and no mortgage debt.

2012201320142015201620172018201920202021
401K10%10%10%10%10%10%10%10%10%11%
Brokerage0.2%0.7%  0.5%0.8%1%3.7%4.0%4.2%
Roth IRA      1.9%5.4%8.3%9.4%
Total Saving Rate10.2%10.7%10.0%10.0%10.5%10.8%12.9%19.1%22.3%24.6%
10 Year Personal Annual Saving Rate

For the month of February I made $2,837.59; an increase of 9.94% versus this time last year. This increase is a bit illusionary as a couple of typical January payers were pushed into February. First was B&G Foods (BGS) who decided to pay on Feb. 1 instead of the end of the month. The second was Canadian Imperial Bank of Commerce (CM) who did pay a dividend in January however, due to the dividend reinvestment policy at Fidelity it was not credited to my account until February. 

Overall market valuations for the most part remained high. My consistent buys for the month were AbbVie (ABBV), Pepsico (PEP) and Verizon (VZ). I am now at a full position in all three and do not plan to buy any additional purchases. Going into March here are the stocks on my watch list; BCE Inc (BCE), Duke Energy (DUK), JM Smucker (SJM), and Lockheed Martin (LMT).

DateSymbolCompanyAmount
2/1/21BGSB&G FOODS INC$253.27
2/1/21CMCANADIAN IMPERIAL BANK OF COMMERCE$252.51
2/1/21GISGENERAL MILLS INC$77.45
2/1/21TAT&T INC$603.10
2/1/21VZVERIZON COMMUNICATIONS INC$35.15
2/4/21BLVVANGUARD BD INDEX FDS LONG TERM BOND$14.79
2/4/21VCLTVANGUARD SCOTTSDALE FUNDS LONG-TERM COR$15.65
2/5/21HYGISHARES TR IBOXX HI YD ETF$19.29
2/5/21PFFISHARES TR PFD AND INCM SEC$50.47
2/8/21APDAIR PRODUCTS AND CHEMICALS INC$30.06
2/16/21ABBVABBVIE INC$155.18
2/16/21HASHASBRO INC$31.20
2/16/21OHIOMEGA HEALTHCARE INVESTORS INC$722.72
2/16/21PGPROCTER AND GAMBLE CO$103.16
2/18/21PSECPROSPECT CAP CORP$155.54
2/22/21ARTNAARTESIAN RES CORP$189.48
2/26/21ODCOIL DRI CORP OF AMERICA$14.11
2/26/21SBRASABRA HEALTH CARE REIT INC$83.25
2/26/21WSMWILLIAMS-SONOMA INC$9.61
2/26/21M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$21.60

8 thoughts on “February Dividend Income

  1. Great month. I love ABBV and believe it is way undervalued. I don’t add as much as I was but I still add to it as it has grown to my third largest position and second largest dividend payer. I’m also looking at Duke also.

    Like

    • Thanks Mr. Robot,
      T is a an income machine for sure but not something I’d recommend for young investors due to lack of growth but it is a gift for folks in or near retirement.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s