It’s time for the dividend income update. March was another solid month with 3 digit income from high-quality companies.
- Dividend Income $302 or 2,366 NOK
- Dividend Income increased 410%
- 6 companies sent checks
- Portfolio Action: Bought more Dominion Energy, Bought more Enbridge
March was another great month with ludicrous dividend income growth. But note that the increase is mainly from injected capital, not pure dividend growth. As of 2018, Nordea increased its dividend by 20% paying me $31 more. Novo Nordisk’s dividend is variable but increased by $12. Realty Income Group increased by 0.23% in March paying me $1 more but also increased by 3.1% in January paying me $7 more. Cisco increased by 14% paying me $3 more. Dominion increased by 8.4% and now pays $4 more. Kimberly-Clark up by 3.1% now paying $1 more.
The following companies sent me checks:
- Nordea $227
- Realty Income Group $20
- Dominion Energy $12
- Novo $30
- Pandora $6.8
- Exxon $12
- Added more to Dominion which now weights 6% in my portfolio.
- Added more to Enbridge which now weights 5% in my portfolio.
Another great month. Forward Dividend Income is $3000 and 1-year dividend CAGR is 7.8% and 5-year is close to 9%. I’m going to buy Medtronic pretty soon, and that company is a crazy dividend CAGR machine. Should increase both CAGR closer to 10% and 15%.I recently published the Stockles Risk Rating which you can read here