October Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of October I made $3672.03; an increase of 10.93% versus this time last year. This is below my 12.5% goal but still acceptable as most of my new and reinvested funds have been buying stocks that payout in the last month of a quarter.

In October I received 3 dividend raises from ABBV, ARCC & PNW.  Together this will add an additional $309.73 to my annual income going forward.  The bulk of that comes from ARCC with their large 11.6% raise.  Looking at next month AT&T will be the big question mark if they are returning to their traditional November timeframe for announcing a dividend raise.

On the home front I spent my time getting the house ready for winter. Only things I have left to do is change the oil in my snow blower and clean my chimney before I startup the woodstove and wait for that first snowfall.  

At work it is time to renew my benefits. Out-of-pocket costs increased 9.16% with a breakdown of each benefit as follows, Medical Insurance +10.45%, Life Insurance +6.1% and Disability Insurance +4.04%. 

One last cool thing I love about this month is it changes my retirement calculator. In my new image at the top of the post the years column went from 5 to 4, it is getting real baby!

DateSymbolCompanyAmount
10/3/22AGRAVANGRID$24.34
10/3/22ALLALLSTATE CORP$5.14
10/3/22DIVOAMPLIFY ETF TR CWP ENHANCED DIV$100.86
10/4/22GRMNGARMIN LTD$77.51
10/4/22IRMIRON MTN INC$500.07
10/4/22KMBKIMBERLY-CLARK CORP$17.37
10/6/22GSKGSK PLC$101.60
10/6/22TUTELUS CORPORATION$56.13
10/7/22MRKMERCK &CO. INC$152.21
10/11/22BBYBEST BUY CO INC$21.38
10/13/22MPWMEDICAL PROPERTIES TRUST INC$208.12
10/14/22AQNALGONQUIN PWR UTILS CORP$338.60
10/14/22KBALKIMBALL INTERNATIONAL INC$2.51
10/14/22LEGLEGGETT &PLATT INC$303.42
10/14/22WPCWP CAREY INC$583.13
10/17/22CPTCAMDEN PROPERTY TRUST$14.42
10/17/22EPREPR PROPERTIES$85.49
10/17/22PKGPACKAGING CORP OF AMERICA$20.15
10/19/22BCEBCE INC$388.63
10/20/22PSECPROSPECT CAP CORP$98.13
10/28/22OGEOGE ENERGY CORP$147.03
10/31/22AMNFARMANINO FOODS DISTINCTION INC$44.10
10/31/22BGSB&G FOODS INC$283.29
10/31/22BNSBANK OF NOVA SCOTIA$37.97
10/31/22NUSIETF SER SOLUTIONS NATIONWIDE NASDQ$15.71
10/31/22M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$44.72
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6 thoughts on “October Dividend Income

  1. Fantastic as always SDG! I can’t wait to get to those levels ourselves. We’re well on our way, but still early in the journey. That’s great seeing your retirement countdown tick down a year and I’m sure it helps to keep you motivated.

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  2. Thanks JC, yes it is a motivator. What is interesting is how my investment priorities are changing. Accumulating assets have become a second priority while fine tuning and risk reduction are my top priorities now.

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    • Thank you King, lesson learned from myself is not which stocks I have bought over time but having the discipline to regularly invest, know your cash flow, and avoid debt. If you have those 3 ingredients then success is unavoidable.

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