October 2016 Income
October hasn’t been one of my high payout months, yet it still generated $178.99. This is nearly $179 that I didn’t have to work for this month. It is even up 9.3% from last year! And, this amount does not include the Diageo dividend, which I must have just missed the ex-dividend for.
Cumulative dividends for the year are $3792.28, up $360 compared with this time last year.
Options: I have a couple open option trades…more details available on my Option’s Page.
Total option income for October 2016: $-82.09
Total cumulative option income for 2016: $406.87
Total dividends for October 2016: $178.99
Total cumulative dividend income for 2016: $3792.28
Total cumulative passive income (dividends, options) for 2016: $4199.15
Forward 12-Month Dividends: $5062.22
Full disclosure: Long all the above stocks
For a “low” payout month October still handed some nice passive income and that’s what it’s all about. Bringing in cash month in and month out w/o working for it. Just a couple names in common paying us this month I see. Shows how many other dividend paying stocks are out there. Thanks for sharing.
DivHut recently posted…November 2016 Stock Considerations
Thanks, DivHut! The diversity in dividend payers is great. Good to see the income spread around rather than too concentrated.
Thanks for commenting!
Thanks for the update! I’m always amazed at the year-over-year dividend increases. It’s just such a great reminder that this stuff works! I’m also impressed how you’re augmenting investment income with options. I need to get on that but a little unsure how to best get started.
Jay recently posted…Trend Following Stock Picks for November 2016 (Part 1)
Thanks, Jay! Yeah, when it gets hard to find “value” in dividend paying stocks, options are a great way to supplement that income. The best way is to read some books and then jump into it using fake money. See the PaperTrading link above for more information.
Good stuff Scott! Question: do you have Schwab reinvest the dividends back into the company for you or do you take the cash and reinvest on your own? just curious on that strategy.
I currently have Schwab reinvest back into the company that paid the dividend. I like doing it this way because the money is then constantly working for me. Maybe once I start collecting thousands per month I’ll decide to pool the dividends all together and turn off automatic dividend reinvestment.
still nice income and you almost 10% up from last year, which is great!
Thanks for the comment! Don’t know how much longer the annual 10% increases can keep up…there’s a limit at some point. 🙂
Nice job Scott. Increases across the board. An additional $300 plus Y0Y is pretty good.
Investment Hunting recently posted…October Dividends And Options Income
Thanks, Nathan! Hoping to settle down into more of a routine with options trading too now that I’m becoming more settled at my new job.
Great stuff. I keep meaning to get back to options trading and have a number of your posts saved to read over later. Just wondering if you’ve done a post on how you pick stocks and whether you have a valuation method that you use?