That’s right, I’ve made it past a huge milestone today of 10,000 in forward dividends. That means my portfolio will pay out over $10,000 in dividends over the next 12 months not counting any additional purchases or increases to dividends.
I had a trigger set up for AT&T when it hit a certain yield put that went off today. I decided to take advantage of weakness and purchased a full-sized position of 200 shares at a cost/share of 34.01. I see a lot of support at this area for AT&T and another .01 dividend increase should happen fairly soon. CFRA, formally S&P Capital IQ, has them rated as a buy with a 12-month target of $42. I see upside potential here and a nearly 6% dividend to boot. I’m happy parking some money here for a while.
Below is from my dividends tab. Now, I don’t post nearly as often as I used to about my trades, and I hope to change that, but I do keep my portfolio and dividend page updated in real-time. I use my google sheet to check my stock values all the time so these pages stay very updated. You can see in red the companies that have already increased their dividend this year with the purple highlights last year’s increase in that month.
You might also notice the dividend weight column. This is an interesting metric I like to look at as well. It might be concerning to some that nearly 30% of my dividend income comes from 3 stocks, MO, OHI and RDS-B. However, these 3 companies only make up 18% of the value of my portfolio. So you can see how the high/low yields can drastically change the dividend weight. For instance, V is currently a 5.79% weight in my portfolio for value but only 1.24% of the dividend weight due to the smaller yield.
How is everyone else doing? My next stop will be $1,000/mo in income or $12,000 year. I hope to hit that mark in the springtime.
Congratulations that is awesome keep up the great work ??
Matthew,
Thank you! I appreciate you stopping by!
wow!! Congrats!!! I’m a few years away from that. Can’t wait to be at that level. I will be buying more shares of T as well!!
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FiscalVoyage,
Thanks! Just keep investing consistently and you will be there in no time.
Bought T and more CVS this morning.
Cheers!
YES! Congratulations. $10,000 in dividends is an amazing feat. What a stock to do it with. AT&T continues to fall and is hitting some pretty tempting levels. May not be able to hold off much longer myself.
I’m excited to see how fast you can hit $20,000. It is crazy how fast the impact of a larger dividend income stream compounds.
Cheers,
Bert
DD,
Thank you! It’s a great milestone for sure. I can’t wait to hit the next one. I couldn’t resist that juicy yield on AT&T shares. They are a slow grower but the price came down to yearly lows so I pulled the trigger.
The next 10,000 should come quicker with the power of compounding. I’m hoping I can hit the market within the next 4 years.
Thanks for stopping by!
Congratulations on hitting 10k! I just checked my investment account and saw that the majority of my stocks were down fairly big today, including AT&T. Once I get paid early next week I’ll be looking at buying more AT&T as well. I’m getting close to 10k myself but not quite there yet. Hopefully I’ll get there in the next month or two.
Scott
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Two Investing,
Thank bud. You are killing it yourself. You’ll be at 10k in no time.
Thanks for stopping by!
That’s awesome! $10k is a huge milestone and the great thing about that is that even if you didn’t invest anymore new savings each year you’re looking at a boost to your annual dividends of around $1k per year if you reinvest. That’s huge! My guess is that $12k will come even quicker than you expect. We’re still kind of treading water as we have the last couple years but 1Q or 2Q of 2018 we should be able to get back to fairly regular investing which I’m looking forward to since every little bit helps.
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JC,
It’s a great round number and milestone to hit for sure, thanks! If I could hit 12k in the spring, I’d be thrilled.
I’m glad you are getting back on track, I know you have some personal things you were dealing with. I wish you luck in all your endeavors.
Take care!
Thanks for the inspiration to add a Dividends sheet to my spreadsheet. I used the following for the January column (easy to update for each month): =IFS(REGEXMATCH($B2, “Jan”), $O2, REGEXMATCH($B2, “Ja”), DIVIDE($O2, 2), REGEXMATCH($B2, “^A[0-9]”), DIVIDE($O2, 4), REGEXMATCH($B2, “Mo”), DIVIDE($O2, 12), true, “”)
B2 is the dividend schedule from the CCC sheet which looks like (A2 is the ticker): =VLOOKUP(A2, CCC!B$7:P$2000, 15, false)
O2 is the total annual dividends (on a different sheet, A2 = ticker, B2 = share count): =MULTIPLY(B2,SUBSTITUTE(IMPORTDATA(CONCATENATE(“http://finance.yahoo.com/d/quotes.csv?s=”,SUBSTITUTE(A2, “.”, “-“),”&f=d”)), “N/A”, “0”))
Hi Adam,
No problem, I’m happy to help anyone I can. I’m always open to simpler ways of doing things. Do you have a copy of your spreadsheet I could look at? I always like seeing others formulas.
cheers!
https://docs.google.com/spreadsheets/d/1l_8QvZsYws7k3SDwGv0RpLbgdvlTpSXCxqaaHf3-Sgw/edit?usp=sharing
Thanks for the link! I’ll check this out more later when pulling yahoo information isn’t giving error messages.
Well done, keep up the excellent work, that is a fantastic milestone
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BHL,
Thank you! I appreciate all the support and encouragement from the community.
Take care!