October 2017 Income

October brought in $491.47 in dividends. This is a massive increase of nearly 175% increase over the $179 that I earned in dividends last October. This increase is largely due to significant investments into GE over the past year. I will continue to accumulate GE at these depressed levels. The risk is that they might have to cut their dividend if they drop any lower. If they do, I’ll just purchase more.

Cumulative dividends for the year are $5843.36, up $1000 from what I received in all of 2016.

Options: I don’t have any options currently open. For more information, please visit my Option’s Page.

I also made some purchases of GE, NAVI, and T over the past month. I’ll be writing about those purchases soon. Needless to say, these purchases bring my forward 12-months dividends to over $9700. I’m quickly approaching the $10k milestone. I’ll hopefully reach this in the next month or two.

And, in case you missed it, I also released a large update to my dividend stock tracking spreadsheet. It fixes the loading errors with Yahoo Finance.

Symbol Dividend Amount
BAX $5.20
CSCO $34.20
CY $27.93
DEO $130.51
GE $227.13
KO $34.81
O $12.28
PGX $0.88
SHPG $0.61
SOUHY $17.92

 


Total dividends for October 2017: $491.47
Total cumulative dividend income for 2017: $5,843.36

Forward 12-Month Dividends: $9,739.40
Hourly wage based on 40 hour work week (2087 hrs): $4.67/hour
Hourly wage based on non-stop work (8760 hrs): $1.11/hour


Total option income for October 2017: $0.00
Total cumulative option income for 2017: $779.86

Full disclosure: Long all the above stocks

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13 Responses

  1. Matthew says:

    Wow great job Scott so close to $500. Keep up the good work 🙂

  2. Dave says:

    Worried about GE’s dividend?

    • scott says:

      I wouldn’t say I’m not worried, but I still think the long term outlook and dividend prospects are good for GE. If they do cut their dividend it will create great buying opportunities. I’ll be keeping some cash available in case that happens.

      I don’t live on my dividends now so I’m really looking at total gains rather than solely dividend growth.

      Scott

  3. FiscalVoyage says:

    Wow great income for a low month as well as being over 1k already compared to last year. Great work!
    FiscalVoyage recently posted…Dividend Increase AFL & ABBVMy Profile

  4. DivHut says:

    Wow… GE is a heavy hitter for you in October. I like your attitude of buying GE on the ‘operating table.’ Often that’s when the best returns are made. Keep up the solid progress in 2017. Impressive year over year gains!
    DivHut recently posted…November 2017 Stock ConsiderationsMy Profile

    • Dave says:

      That was what I was thinking. When most of your dividend income is coming from one stock and the dividend blows up it reminds me of 2008. GE is going to have to cut or at the least freeze the dividend. Their debt load can not handle a nearly 5% yield.

  5. TJ Mitch says:

    Hi Scott, I recently created a new passive income website. http://www.passiveincomewiz.com
    I have admired your site and content and would appreciate any feedback. Your site inspired me to create my own. Thanks, TJ Mitch

  6. Scott, I like your positive attitude about GE. I am a long term holder and like reader Dave above, I am a little more than worried about a potential dividend cut. We will see what happens. I may add to my position in AT&T. It has not participated in the stock market rally and the dividend yield is looking very attractive. Tom
    Tom @ Dividends Diversify recently posted…I Have Lost My Compass (Part 1)My Profile

  7. Doug says:

    Awesome job. You knocked it out of the park and getting close to 500.00 you will be there soon. High stakes in the GE though. Beating last years is always good though it will get harder and harder. Keep it up.
    Doug recently posted…OCT 17 DividendsMy Profile

  8. Hey TI,
    WOW!! – nearly 500$ in an off month like October and a growth rate of 175% – Just awesome! If you keep a pace like that you’ll reach FI in a few years.
    Of the companies which paid you, i especially like Realty Income, Cisco and Coca-Cola. – General Electric did the heavy lifting for you, i thought about purchasing some shares but decided to stay on the sidelines.

    Keep it up!!
    DividendSolutions

  9. dividendgeek says:

    Nice month and Nice increase in dividend. Yearly dividends looks awesome! BTW, I got few shares of GE too. It will turn around long term.

  10. Wow. That is definitely one big Dividend from GE. That DRIP must have been incredible. It looks like you are pretty comfortable with the dividend based on your responses to other comments, but it will be interesting to see what management decides to do with their payout. Regardless, congrats on the great month.

    Bert
    Dividend Diplomats recently posted…Lanny’s October Dividend Income SummaryMy Profile

  11. Leo Tat says:

    My friend has been telling for ages to take some money out of the bank and invest for dividends. So I’ve been searching the web for information.

    Your cumulative dividend of $5843.36 for the year is impressive, and it gives me some ideas of what can be achieved. Thanks for sharing.
    Leo Tat recently posted…23 Turmeric Curcumin Health Benefits and UsesMy Profile

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