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Paying My Bills With Dividends - Q4 2018 Update

Published Tue, 08 Jan 2019 16:36:19 -0500 on Seeking Alpha

With the end of the year and fourth quarter, I wanted to provide an update on my progress towards my long-term goal of full income replacement. Because I am still relatively young, I plan to use the power of compounding and DRIP plans along with regular capital infusions to reach this goal over several decades. I've been using individual monthly bills as benchmarks to measure my growing income stream against. Setting these smaller, shorter time frame goals serves as motivation for me to stick with my plan.
As stated in my last article, "Paying My Bills With Dividends - Q3 2018 Update", the next income goal I've been working towards is our cell phone bill which is $107.04 per month for a quarterly goal of $321.12. I also want to measure my individual portfolio's performance against an ETF, and I've been using iShares Select Dividend ETF (NYSEARCA: DVY) for comparison.
For Q4 2018, my income totaled $258.24, which was an increase of $21.98 or over 9.3% from Q3 2018. Going back to Q4 2017, I've had dividend growth of $71.03, or just under 38%. While I'm pleased with this increase, it does leave me short of my quarterly goal by about $63. However, if my portfolio keeps up this rate, I will reach it by Q3 2019. The increase during this past quarter was driven mainly by new positions in 3M (MMM), Cardinal Health (CAH), and Lockheed-Martin (LMT). I also added to existing holdings of Pepsi (PEP), AT&T (T), and Exxon (XOM) while getting a raise... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
AT&T 30.62   5.8 5.29 2.04 6.61
EXXON MOBIL 71.63   13.2 5.44 3.28 4.57
CARDINAL HEALTH 47.28   20.4 2.32 1.91 4.00
ISHARES DOW JONES SELECT DIVIDEND INDEX FUND 92.15   0.0 0.00 3.20 3.46
PEPSICO 108.99   31.4 3.47 3.71 3.43
LOCKHEED MARTIN 276.00   25.2 10.96 8.80 3.17
3M 188.94   25.3 7.48 5.44 2.83
JOHNSON & JOHNSON 129.36   258.7 0.50 3.60 2.77
MCDONALDS 181.02   27.5 6.59 4.64 2.54
APPLE 153.07   12.9 11.87 2.92 1.92

AT&T - T
AT&T - T  


Older articles featuring At&t (T):
Dividend Dogs Vs. Index - Episode 1
Barron's List Of Best Yield Plays For 2019 Turns To Verizon For Safety
Barron's Says To Buy MLPs In 2019, Yet Its Best Yield Plays Favor Vodafone
Income Investors: Should You Buy Higher Dividends Or Dividend Growth In 2019?
Bert's December Dividend Income Summary - A New Record!
My Dividend Growth Portfolio 2018 Review: 3 Sells, 6 Buys
John And Jane's Taxable Account Dividend Increases And Income Tracker - The Apple Effect
Dividend Growth 50: More In Year 4, With Income Up 10% - Part 2
High-Yield Dividend Champion Portfolio January Update
My Dividend Growth Portfolio Closes Out 2018

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