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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 31.07   10.8 2.87 2.04 6.69
EXXON MOBIL 80.48   16.5 4.88 3.28 4.03
CARDINAL HEALTH 48.64   0.0 -0.08 1.91 3.86
ISHARES DOW JONES SELECT DIVIDEND INDEX FUND 98.50   0.0 0.00 4.07 3.23
PEPSICO 119.44   13.6 8.80 3.71 3.14
LOCKHEED MARTIN 299.01   17.0 17.60 8.80 2.97
3M 204.66   23.0 8.90 5.76 2.77
JOHNSON & JOHNSON 138.10   24.6 5.61 3.60 2.60
MCDONALDS 186.37   24.7 7.54 4.64 2.53
APPLE 191.05   15.7 12.16 2.92 1.55

AT&T - T
AT&T - T  


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