Dividends: I received a total of $110.85 in dividends from the following stocks:
- ADM: $10.50
- BDX: $11.25
- CVX: $16.20
- JNJ: $19.95
- MCD: $24.50
- NSC: $16.45
- UTX: $12.00
Dividend Increases: A dividend increase was announced for only one of my stocks (click on the stock to see my post about the increase):
- GD: 8.5% increase, $3.20 more in annual dividend income
Savings: This month I saved $1605 (55.0%) of my net income, which is my highest monthly total thus far this year. I am pleased that I managed to get over the 50% mark for the second month in a row. This results in year-to-date savings of $4462, which puts me 37.2% of the way toward my goal for 2012. The preceding numbers do not reflect additional savings I realized this month when I received a tax refund of $976. When the refund is included, I actually saved $2581 (66.2%) of my net income in March. However, given that the refund is a special, non-recurring item, I have excluded it from my averages and totals so I can get a better sense of my typical savings.
Transactions: I bought three stocks this month (click on each transaction to see my post about it): a milestone post.
Looking Ahead: In April I expect to receive even more in dividends than I did in March, which is great. April should be similar to March in terms of expenses, so I expect similar savings (no tax refund, though). One thing worth noting is that in March I was able to change my cell phone plan to a cheaper option, which will save me about $12 per month starting in April. 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 April, although whether I do will depend on the availability of attractive buying opportunities.
Great job my friend. Your consistency to adhering to your plan is admirable and inspirational. You are reaching new milestones all the time.
Congratulations on your success so far and I'm really happy to see your dividend total climbing steadily.
Hi Dividend Mantra,Delete
Thanks! Congratulations on your success, too. The inspiration is mutual and I think we're both making excellent progress on our journeys to financial independence.
Congrat Deedubs! Looks like 2012 is going to be a great year for you.ReplyDelete
Thanks! I see 2012 is off to a good start for you, too.
Wow good job with your budget! I'm jealous of your tax return, it's a sore subject for me since I had to pay.ReplyDelete
I like where you're going with the portfolio. I suspect it will have massive dividend growth in the coming years.
Hi Compounding Income,Delete
My savings rate has definitely been a highlight for me and the boost from the tax refund was very nice. However, I doubt I can expect much of a refund in the years to come, especially with all the dividends I'll be raking in! :)