Daily dividend news for investors in dividend stocks

Bert's February Dividend Income Summary

Published Thu, 05 Mar 2020 12:15:34 -0500 on Seeking Alpha

In February, my wife and I received $534.17 in dividend income. That was a 15.9% growth rate compared to last year.
The largest dividend increase I received was T. Rowe Price.
I was aggressive in February and want to continue to be just as aggressive in March and the rest of 2020.
Not only have the markets been see-sawing, but so has the weather here in Cleveland. From snowing one day to 50 degrees the next day, it is wild! Luckily, though, spring training has started, and baseball season is right around the corner. Hopefully, the Indians get off to a hot start. Speaking of hot starts, Lanny kicked off our dividend income summary by showing how he and his wife earned almost $900 in dividend income in February and notch a 17% annual growth rate. Now, it is my turn. Let's jump right in to my February dividend income summary.
Dividend investing is amazing for so many reasons. As we continue to build a growing, passive income stream by investing in undervalued dividend growth stocks identified by our dividend stock screener, it is always important to track your progress and make sure you are achieving your goals. Seeing the progress makes the income feel real. And, it motivates us that much more to reach financial freedom.
Further, dividend investing is very tax efficient. Capital gains are taxed a lower tax rate than your regular wages. So, ask yourself this. Why wouldn't you want to build a growing, passive income stream that is taxed more efficiently than "regular" wages. To me, it makes all the sense in the work.
Hopefully, you can see why we are relentlessly pursuing financial freedom. For the last five years, we have logged each monthly dividend income total on our "Dividend Income Page." You can see first-hand the results that each dividend stock purchase, dividend increases, and reinvested dividend have earned. That is why I am always so excited to type up my monthly dividend income summary. To review the results and hold myself accountable.
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
KINDER MORGAN 20.42   20.6 0.99 1.00 4.94
CITIZENS & NORTHERN 25.84   0.0 0.00 1.08 4.31
CVS CAREMARK 63.90   17.9 3.57 2.00 3.14
T. ROWE PRICE GROUP 118.12   14.9 7.95 3.04 2.58


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