Dividends: I received a total of $85.78 in dividends from the following stocks:
- ABT: $21.60
- GIS: $13.73
- PG: $26.25
- T: $24.20
Dividend Increases: I was pleased to see dividend increases announced for the following stocks (click on each stock to see my post about the increase):
- ABT: 6.3% increase, $5.40 more in annual dividend income
- GPC: 10.0%, $9.00
- KO: 8.5%, $4.80
- NVS: 5.8%, $3.09 (estimated)
Savings: My goal for 2012 is to save a total of $12000 (an average of $1000 per month) for investment, which works out to saving 34.2% of the net income from my job. I think this is a pretty good goal considering the average personal savings rate in the U.S. is currently less than 5%. In January I saved $1360 (46.6%) of my net income and I wrote in my monthly review that I would try to beat that amount in February. And I succeeded! This month I saved $1497 (51.3%) of my net income. I am pleased that I managed to get over the 50% mark. This results in year-to-date savings of $2857, which puts me 23.8% of the way toward my goal for 2012.
Transactions: Due to the lack of great buying opportunities, I made only one transaction this month, buying 25 shares of GIS as an addition to my existing position. This purchase will increase my annual dividend income by $30.48. My portfolio remains at 19 stocks with a market value of $46963.71 (including cash).
Looking Ahead: In March I expect to break the $100 mark for dividends in a single month because I will receive them from 8 stocks. March should be similar to February in terms of expenses, so I hope to save a similar amount (perhaps even a bit more). Based on the cash currently in my brokerage account and the pending addition of new capital, I will likely be able to make 2 purchases in March.