October in Review
Ah October, the air is finally starting to get cool, playoff baseball is here, and it is one of the more beautiful months where I live so it is a welcome time of the year.
October was a mixed bag month as it is always a slow month for dividends. However big things happened! In summary October had these notable events.
- I started this blog, which you can read my first blog post here
- I opened up a Robinhood brokerage account
My dividend income for this month was $78.52, compared to my October 2016 dividend income, which was $50.82. That is 54.5% growth YoY! Even though I just started the blog this month I like to keep incredibly detailed notes of all of my investment transactions, which makes it easy for me to look back at my dividend income last year.
My dividend income for the month from my main brokerage account consisted of the following
- LQD – $0.32
- ILTB – $25.30
- MAIN – $5.70
- CSCO – $32.10
- RPM – $7.68
- WDFC – $7.42
That’s a total of $78.52!
I wasn’t able to deposit as much as I wanted to this month, as it was only $200. However, I deposited about $300 into Acorns, and $360 into Robinhood. So that makes up for the small amount I put into my main brokerage.
On the purchases side, there was a decent amount of new activity, at least compared to my norm. That activity was as follows.
SNA – 10 Shares (which you can read my post about that purchase here)
MIXT – 105 Shares
LQD – 2 shares
OHI – 20 shares (which you can read about my most recent purchase lot here)
Here were my following sells for the month in order to make new stock purchases
- HTM – 300 shares
- ILTB – 34 shares
Through DRIP investing I added the following amounts of shares
- LQD – 0.003 shares
- ILTB – 0.398 shares
- MAIN – 0.143 shares
- CSCO – 0.930 shares
- RPM – 0.144 shares
- WDFC – 0.067 shares
As I mentioned earlier I opened up a Robinhood brokerage account. For October I deposited $362 into that account and made purchased the following.
- TAP – 2 share
- CHD – 4 shares
- HBI – 4 shares
For Robinhood my Projected Annual Dividend Income (which is Ferdi’s term from Divgro) is $8.72, which is not too shabby for my first month.
As I had just opened this account I received no dividends for the month. Going forward I will continue to deposit small amounts into my Robinhood account each month to help me dollar cost average the few stocks I have in there. I love that Robinhood is commission free, which allows me to dollar cost average effectively. I don’t mind that it lacks a lot of features (especially no DRIP) that most brokerages have. I still use my main brokerage and someday I’ll likely transfer the shares from Robinhood into my main brokerage.
- OHI – from $0.64 to $0.65 per share. That’s a 1.56% increase from last quarter and will add $4.08 to my annual dividend income!
- RPM – from $0.30 to $0.32 per share. That’s a 6.6% increase and will add $1.92 to my annual dividend income!
As I go into November I’ll be looking to deposit some more capital and make some more purchases.
So look for a watch list in the next couple of days!
How was your October? Let me know!