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Blue Chip DRiP: October 2019 Dividend Income Portfolio Update

Published Mon, 04 Nov 2019 14:44:56 -0500 on Seeking Alpha

Looking back at October 2019
Cheers to another month of increasing our passive dividend income and taking steps towards financial glory! Although the first month of the quarter is my "slowest" compared to the others, I'm very pleased with the progress this month. This is my first "Monthly Portfolio Review" since becoming an SA Contributor and I've been looking forward to it. Let's dig in to the numbers!
Dividend Income Received: Year to Date
As of 10/31/19, I've received $4382.46 in dividend income so far this year. I started the Blue Chip DRiP portfolio at the end of February, and we're full steam ahead. My goal is to receive $6,500 in actual dividend payments by year's end. I'm also hoping to reach $1,200 in dividends next month - which would be my highest single month to date. Crossing fingers! I've had a very high savings rate/investment rate (for me) this year, but that will slow down over the next few months, as my work is cyclical. Regardless, we'll continue doing our best each month to reach our financial goals, right?

Dividend Income Received: October 2019
Our October income of $416.84 was $139.97 more than the $276.87 received in July. That's a whopping 50.5% increase QoQ! None of my holdings increased their dividends in October. I did add some fresh capital, which accounts for the large jump. Since July, I added to my positions of (AVGO) Broadcom, (CAH) Cardinal Health, (CSCO) Cisco, (JPM) JPMorgan, and (LAND) Gladstone Land. I opened new... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BP 37.67   14.3 2.64 2.44 6.45
ABBVIE 70.83   26.0 2.72 4.28 6.28
PPL 30.88   12.7 2.43 1.65 5.50
AT&T 38.38   16.1 2.38 2.04 5.43
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
CATERPILLAR 131.75   12.3 10.74 4.12 3.16
QUALCOMM 79.08   28.0 2.82 2.48 3.15
INGREDION 82.74   14.5 5.72 2.50 3.07
CISCO SYSTEMS 49.93   19.2 2.60 1.40 2.85