May 2017 Income
May 2017 continued the trend of year-over-year dividend increases for me. Secondary largely to added investments, my year-over-year dividend income increased by 52.7% to $632.02. My option income was also up a lot (from $0 last May to $142.98 this May).
The dividend increase is mostly due to a huge added investment into Nestle. Nestle pays in May only once a year. I received $326.67 in Nestle alone!
Lastly, despite just writing about breaking the $7000 per year dividend barrier, I’m finishing up May at a forward income of nearly $8000. I’ll write about my recent purchases soon.
Options: I don’t have any currently open put options.
| Symbol | Dividend Amount |
|---|---|
| AAPL | $100.95 |
| BMY | $27.30 |
| CAT | $41.75 |
| HXL | $8.25 |
| KKR | $26.05 |
| NSRGY | $326.67 |
| O | $11.99 |
| PGX | $0.50 |
| RY | $34.28 |
| T | $54.28 |
Total dividends for May 2017: $632.02
Total cumulative dividend income for 2017: $2,381.45
Forward 12-Month Dividends: $7,815.72
Hourly wage based on 40 hour work week (2087 hrs): $3.74/hour
Hourly wage based on non-stop work (8760 hrs): $0.89/hour
Total option income for May 2017: $142.98
Total cumulative option income for 2017: $477.90
Full disclosure: Long all the above stocks
Full disclosure: Long all the above stocks
Fantastic income. Interesting about nestle. Also like your hourly wage breakdown. Cheers to june
Passivecanadianincome recently posted…May 2017 Dividend Income
Thanks, Passivecanadianincome. I really wish Nestle paid more often, but this allows for more internal compounding within the company, I guess.
Awesome job. You definatly have that snowball rolling. keep it up.
Doug recently posted…May Dividends
Thanks, Doug! It is starting to get really fun seeing the dividends keep organically growing.
That are great yoy results
Using options to add extra income is a fine way to accelerate the journey to FI
Amber tree,
Thanks! Options have been great supplemental income so far. Hoping to use them more once premiums get better.
Very nicely done, I like the idea of putting the dividends in terms of hourly wage, that is a fantastic idea to put it all into perspective. Thanks for sharing!
Buy, Hold Long recently posted…Net Worth Update – May 2017
Thanks, Buy, Hold Long. I forget which blog I borrowed the idea from. As you can see, I still have a long ways to go before the dividend income actually starts to look respectable when broken down into an hourly wage. Will be fun to track that metric.
Hello. Never thought of breaking passive income down to average hourly wage. I am sitting at $119.63 per hour. Retired when I was 38. 1994-2000 were very good years to be in tech start ups!
Wow! $119 per hour is amazing! I’d love to get my dividends up to that. Thanks for sharing. Looks like the tech start really did wonders for you.
Wow, that was one hell of a dividend from Nestle. You weren’t kidding. They are a company that I always think about investing in but never get around to it. Love their products, consumer focus, and they have a nice presence here in my city. Congrats on the great results Scott!
Bert
Dividend Diplomats recently posted…Just Go For It
NSRGY only pays the dividend once a year plus and 35% of the dividend is withheld as foreign tax.
Yep. There are foreign taxes, but if it is held in a taxable account you should be able to get a credit back. The Swiss-US tax treaty doesn’t extend to tax free accounts. http://theconservativeincomeinvestor.com/2016/05/20/nestle-dividend-annual-payment-2-31-per-share-today/
Woah – thanks for the knowledge there. It sucks that it is a credit on the back end and it takes away from the amount you DRIP. Regardless, great company!
Bert
Thanks, Bert. I own Hersey as well so anytime I eat chocolate I’m pretty much golden. 🙂
Well done! This is impressive income, and the growth is a great example of why it can really pay to stick to your system! Congrats on a great month of investing.
Jay recently posted…Trend Following Trade Ideas for June 2017 (Part 1)
Thanks, Jay! June is shaping up to be good as well.
Real solid results for the month of May. I would love to own NSRGY for the long haul. It has to be one of the ultimate consumer staples play but I can’t get over getting an annual payment. With automatic reinvestment compounding works much better quarterly and even more so monthly. Still, it’s a great company. Nice to see many solid payers in the mix for May. Congrats!
DivHut recently posted…June 2017 Stock Considerations
Thanks, DivHut. I wish NSRGY would pay more often as well, but would do you do. Also, another potential downside is that they trade on the pink sheets. I always thought that was kind of weird for a multi-billion dollar company.
Way to go TwoInvesting! You crushed my May haul I believe. Awesome about the forward dividend income too!
Passive Income Dude
Dan recently posted…My 4th Rental Property Is Under Contract!
Hey Dan,
You’re putting a lot of effort into your rental properties, though as well. You’re way ahead of me there. It will be fun to get started into rentals at some point.
Positive increases all around, great work. I like how you broke down your investing income into hours/ wages of work. Does put it in a nice perspective. That Nestle dividend is huge. Too bad that doesn’t pay out more often. Keep growing those forward dividends.
Dividend Daze recently posted…Dividend Update – May
Thanks, Dividend Daze. It’s all about the growing forward dividends! 🙂 (That and capital gains!)
That’s a great year-to-year report. You’re in positive territory for both your dividends and options income. I’m really going to have to give stock options some serious consideration. Hopefully, June will be another solid month for you too.
Dividend Portfolio recently posted…How To Invest $20,000?