February 2016 Dividend Income

Once again the month of february is over and it is time to add up the dividend income received.

While a lot of stocks were selling at attractive prices due to the pullback in the prior month, they have now run up making it more
difficult to find quality companies selling at a discount. Well since i cant predict where the market is headed and am in the accumulation stage of my portfolio the best thing to do is deploy capital consistently and overtime that will increase my dividend income which is the main goal.

I initiated a position in Boeing adding 8 shares at a cost basis of around $119 per share. Boeing is a new addition to the portfolio. I also added 5 shares of Union Pacific at around $78 per share.

With that being said lets now look at the dividend income received from the following companies

AT&T (T)=$34.66

Apple (APPL)=$22.24

Alliance Resource Partners (ARLP)=$100.35

Kinder Morgan (KMI)=$13.57

Proctor & Gamble (PG)=$17.98

Abbvie Inc (ABBV)=$25.21

Omega Healthcare (OHI)=$17.75

Caterpillar Inc (CAT)=$5.01

Total income received adds up to $236.77 for the month of February 2016.

An increase of 49 % from last years February income in which i received $157.93 in dividends. Even though i was affected by the kinder Morgan dividend cut, my dividends received still increased anyway. While it is a setback the impact will be minimal and i should be able to make up the income soon enough.

How was your February income? Do you have shares in any of the companies above? where you also affected by any dividend cuts? feel free to share or comment below.

6 thoughts on “February 2016 Dividend Income”

  1. Nice passive income for the month of Feb. As you said even with the KMI cut your year over year numbers look really great. Divvy cuts are part of this game we play and I always say that even bluest of blue chips can cut. I held on to my dividend cuts over the years. Names like GE, WFC and IR all cut but I held on and bought more. Thanks for sharing.

    1. DH,yes unfortunately dividend cuts will happen from time to time and I accept that. I am not planning on selling because of the cuts either.I will just focus on the overall income growth and adding to the portfolio. Thanks for stopping by.

    1. IH, unp was close to the 52 week lows so i felt it was a good time to add to the position. I will try to focus on quality names to strengthen the portfolio. You are doing great on your end, certainly provides inspiration. Thanks for stopping by.

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