December Dividend Income

01 Jan 2020 14:17
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After 32 years of clocking in and out of work and religiously saving 10% annually every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.

For the month of December I made $3,090; an increase of 25.1% versus this time last year. I target a growth rate of 12.5% and as I predicted last month it appears the bulk of my purchases and dividend raises seem to impact that last month of a quarter which was validated.

For the year I made a total of $‭32,382.65‬ which was a 14.4% increase from my 2018 dividend income and almost a full 2% better than my targeted growth rate of 12.5%. Hopefully 2020 will be as kind to me.

In regards to buying, I increased my positions in Pfizer (PFE), IBM (IBM), Goodyear Tire (GT) and started a new position in Brookfield Property (BPR). I did have a rare sell when I sold-off Westwood Holdings (WHG) which does not look capable of supporting the dividend going forward and this sell will not affect my dividend income until the second quarter of 2020.


In my M1 Finance account, I continued with my weekly $120 contribution for a total of $600. The overall dividend yield of my M1 pie decreased yet again to 3.238%, There were no dividend cuts so this was all attributable to market returns as the DOW & S&P 500 continue their streak to record levels.

Overall my M1 Finance accounts are finally starting to gain dividend momentum as it contributed $7.68 to this month’s dividend totals. Not breaking any speed records but it is nice to see whole dollars versus cents.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.


My age 53 goal (I’m 51 for those not in the know) improved by 0.48%. This was lower than last month but not surprising due to selling of my Westwood Holding (WHG) position.


For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash.

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