From this point forward my passive income with average $400 per month! To me, this is a big milestone on my journey to financial Independence. I really couldn't be happier!
I've had a big month. I do believe February is the best single month I've ever had, and it's not even over yet. Dividends are flowing into my account, dividend increases are numerous and meaningful, added some new positions, and even had a nice gain with HNZ. It really feels like everything is coming together as planned.
When you consider I am an enlisted Soldier (NCO not a commissioned officer) in the US military who makes a crappy salary it's pretty encouraging. My base salary is about $2500 a month before taxes. I'm lower middle class by all measures. You do not need to be a 1%er to make dividend and income investing work. All you need is determination and time!
Not trying to toot my own horn here, but you can achieve a lot over time with a shitty salary.
I decided to discontinue writing posts about every single dividend increase because it gets tedious. Instead I'll discuss recent increases here.
AVA is about as steady of an utility as they come. 5.2% is fantastic, very pleased.
Another solid increase from LO. This boost is great, but a little lower than the past which didn't surprise me. A 6.5% increase on a stock yielding 5% is just as good as a 16% increase on a stock yielding 2%! You have to love LO!
Owens & Minor 9.1%:
Yet another solid increase from OMI. This breaks their decade long streak of 10%+ raises, but 9% is close enough. Solid!
Nothing too exciting here, but I will take it none the less. At least it is an improvement over the 2012 boost. The new and improved payments won't hit out accounts until June.
This is exactly why I own shares of this fine company! I'm glad I bought more in December.
I expect to see an increase from UNS before February is over and hope it's better than last year. LINE just reported a major acquisition and has recommended a 6% increase to the board. This is very reassuring because short sellers have been inciting fear in Linn investors with bogus cash flow concerns. If LINE does boost the distribution it will be later in the year. LINE is also considering starting to pay monthly instead of quarterly. I love me some monthly payments, I hope it gets approved!