- $52.63 was received in January 2019.
- 86.23% YOY growth was achieved compared to January 2018 (Up $24.37)
- $339.28 was reinvested in January (monthly savings + dividend income)
- This is the 20th dividend income update and the 1st dividend income update of 2019.
January 2019 started off well for the RTC portfolio.
I earned $52.63 worth of dividend income which represents an 86.23% increase over January 2018. The majority of the income has already been reinvested via DRIP.
In addition, the holdings participated along with the increase that the overall markets experienced. The S&P 500 is up over 8% YTD at the time this post was written, and I’m doing a little bit better than that. Every time I check my accounts it seems like I have more money.
But now the problem is finding value. It’s becoming more difficult to find high quality dividend stocks at attractive prices. I was buying stocks like crazy in December because there was so much value available. I spent more than any other month of the year.
At least that buying led to the $524 worth of dividend income that is projected. It’s actually a significant contributor to my monthly savings considering that I saved $286.65 in January. Based on the $52.63 in dividend income this month, it increases what I can contribute to stocks by approximately 18%.
This extra dividend income contribution, my increased savings goal and dividend raises is why I’m aiming to earn at least $670 this year. So far I’m not too far off pace as $52.63 per month works out to $631.56 a year.
Key Numbers | Dividend Income Update # 20 | January 2019 | $52.63
Dividend income earned in January 2019: $52.63
Total dividend income in January 2018: $28.26
YOY growth compared to January 2018: 86.23% increase (Up $24.37)
How many stocks paid dividends in January 2019: 4
$617.37 more must be earned to achieve the goal to earn $670 in 2019.
Noteworthy Points on the state of the Dividend Business
- January 2019 ended up being the 2nd highest month ever for dividend income. The highest ever before this was October 2018—$54.10 was earned.
- This was also the 2nd month above $50 in dividend income. Although next month will be lower, I anticipate that a new record for dividend income will be achieved in March.
- $43.40 was automatically reinvested through DRIP so income is already set to be higher by next quarter.
- The $52.63 received is only $5.51 less than what was earned during the entire year of 2017.
In truth, the only thing I wasn’t happy with in January was how much money I saved.
But overall this year is off to a great start. The portfolio is currently outpacing the S&P 500 YTD, $52.63 in dividend income was earned and the RTC blog had its best month ever.