February 2014 Update

I am very happy to report that I broke $12k forward annual dividend this month.  I have been looking forward to hitting this goal for quite a while.  Averaging $1000 month in dividend income has a very nice ring to it.

I started my dividend growth investment strategy in April 2010 so this has taken me a little less then 4 years to accomplish this goal.

Next milestone on my checklist will be $18k forward annual income.  I should be able to hit that by the end of 2015.

Dividends Received

Total dividends received during the month were $798.08

• KMR $196.69
• KMI $117.23
• ABBV $112.09
• PG $83.99
• CAT $68.31
• PAYX $50.50
• AAPL $47.07
• VZ $44.09
• ABT $60.34
• CLX $17.77

Purchases

This months purchases:

• $2295 of PM at $76.40. Yield 4.92%. 
• $650 of CVX at $112.43. Yield 3.56%. 
• $400 of KMR at $72.67. Yield 7.49%.
• $200 of PEP at  $78.01. Yield 3.36%.
• $200 of GE at $24.60. Yield 3.58%.
• $100 of KMI at $32.44. Yield 5.06%.
• $100 of MCD at $95.87. Yield 3.38%.
• $50 of MO at $35.86. Yield 5.35%.

Also reinvested all dividends.
 
$4,793 in total new capital added (including reinvested dividends) with initial yield of 4.69%. 

Dividend Increases

• PEP 15.4% raise. +$48.73 annual income.
• TEVA 5.2% raise. +$55.89 annual income.
• ABBV 5% raise. +$22.42 annual income.

Annualized Dividend Income

All together, annualized dividend income increased by $349 from last months total of $11,831 to $12,180. This means my dividend stocks will pay $12,180 in dividends over the next 12 months.

Other

• Lending Club interest received: $185.13
• Bank interest received: $47.04

Total passive income: $1,030