2016-10 Dividend Income Report

Here is the dividend income report for October, 2016.

The monthly dividend income came out to $281.09. The yearly income total for 2016 through the end of the month was $4541.79.

The income for October, 2015 was $312.23, and the yearly income for 2015 through the end of October was $4056.72.

The twelve-month moving average was lower than it was last month. It has not gone down month-to-month in about three years. Last year I still had my taxable account, and I have shares of some companies in both my IRA and my taxable account, so some stocks paid a lot more in October, 2015 since I had more shares of them.

I sold all the shares in that account because owning shares directly in a taxable account forces an investor to deal with a lot more complexity that if they went with ETFs in a taxable account or kept direct shares in an IRA. But there is still some complexity when you own shares in an IRA.

In September, STR got bought out. In October, PNY got bought out. And APD and HON had spinoffs. I sold the shares from those spinoffs immediately. They have not announced any dividends, and I did not have that many shares anyway. For one of the spinoffs, I only got six shares.

All of this work has made me consider just going with ETFs. I do not plan on moving away from dividend growth investing. I would just like there to be a bit less effort on my part.

Just as I took a walk down memory lane for STR, I will do one for PNY. I bought 50 shares of PNY on 2010-07-12 at $26.00. By the time I was bought out on 2016-10-03, I had 60.503 shares. As with STR, all the new shares were from dividend reinvestments, not from actual purchases. The first dividend from PNY was paid on 2010-10-15, for $14.74, with a payout of $0.28/share, which bought 0.498 shares at a price of $28.10, while the last regular dividend was on 2016-07-28; I got $21.53, with a payout of $0.34/share, which bought 0.36 shares at a price of $59.74. That is an increase of about 45% in dividend income over five years.

October is an “A” month. Those months have the lowest income. I will have to buy new companies and/or increase my stakes in the companies I own that pay out in “A” months to make up for the income I will no longer get from PNY.

I don’t know why I did not get shares on the companies that bought STR and PNY. I always thought that is what a merger is. Perhaps I did not have enough shares to be part of the new club.

Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each October from 2011 through 2016:

Month YTD Amount 3MMA 12MMA
2016-10 $4541.79 $281.09 $508.05 $496.43
2015-10 $4056.72 $312.23 $459.42 $438.15
2014-10 $3236.89 $243.87 $368.19 $340.32
2013-10 $2558.86 $184.81 $295.19 $291.08
2012-10 $2650.92 $225.14 $285.46 $284.35
2011-10 $2330.68 $208.90 $258.17 $238.44

Here are the stocks and the income amounts for October, 2016:

  • Automatic Data Processing: $32.07
  • Coca-Cola Co: $46.92
  • MDU Resources Group Inc.: $11.18
  • Kimberly-Clark: $54.40
  • Piedmont Natural Gas Inc: $20.57
  • Illinois Tool Works: $36.43
  • Chubb Corp: $43.65
  • Sysco Corp: $18.35
  • RPM International Inc.: $17.52

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Post last modified on 2016-12-28_23:53:09