May 2015 Income
Well, it is that time again. Time to review my dividend investing strategy. While I don’t worry about the short term fluctuations of the portfolio and could very well just do a full review at the conclusion of each year, part of the reason why I like doing this review monthly is that it is fun. I know that this strategy is working, but it still has been amazing to see the progress even in just the short term that I’ve been doing it! I also am driven by numbers and love adding things to spreadsheets and creating charts. It will be fun to look back in 10 years and visually see the strategy play out!
While the majority of my stocks do not pay in May, the ones that do pay quite well. It was fun to see the May quarter actually turn out to be one of the better months. I’m also excited to receive my first annual dividend from my ADR ownership of Nestle (NSRGY). NSRGY pays a single dividend each year. I received $68.29 and paid foreign taxes of $10.24 plus an ADR management fee of $0.75. I should receive the $10.24 back when I file for taxes. I also just noticed that, unfortunately, Schwab does not allow dividend reinvestment with this equity. Until I start receiving thousands in dividends per month, I’ve elected to leave dividend reinvestment turned on (Schwab offers this for free), hence the reason you’ll see partial shares for most of my stocks.
In total, I received $434.95 in dividends for May 2015. Last May I received $163.41 giving me an increase of 166%! It will be absolutely amazing to be able to continue these kind of increases each year, but I highly doubt I’ll be able to sustain that. I haven’t written about it yet, but I’m moving to Chicago soon for work. For the next year, I’ll be paying triple my current monthly rent without a significant concomitant increase in pay. I’m going to try to continue to invest as much as I can, but the cost-of-living increases will make the current investing pace unsustainable, at least in the short term.
Of note, I’ve received $1592.77 so far in 2015. This is over $150 more than I received in all of 2013. According to the dividend calendar on my portfolio, by the end of August I’ll have received more dividends in 2015 than in all of 2014. Pretty cool!
Options: I don’t have any currently open put options.
Lending Club: $17.29 in interest
|Symbol||Dividend Amount||Shares Bought||@ Price|
Total option income for May 2015: $0
Total cumulative option income for 2015: $0
Lending Club interest for May 2015: $17.29
Cumulative Lending Club interest for 2015: $32.94
Lending Club Adjusted Net Annualized Return: 11.15%
Total dividends for May 2015: $434.95
Total cumulative dividend income for 2015: $1592.77
Total cumulative passive income for 2015: $1610.06
Forward 12-Month Dividends: $4,333.79
Full disclosure: Long all the above stocks