Friday, July 21, 2017

My annual dividend is now almost reaching 5 figures

My investing started back in October 2013. I have been diligently investing my income into dividend paying stocks so that one day I can live off the dividends. The companies I invest in are largely dividend aristocrats with large margins of payout safety and track record of dividend increases over many decades. My primary focus is dividend safety and the growth of that dividend on its own.

Back then I had $0 in passive income every year. The contributions initially felt like a complete waste of time. I had people tell me 3% yield (what I'm shooting for as my average portfolio yield) is nothing and that it would take forever to accumulate enough assets to live off of that. The income I was receiving from my dividends in 2014 every month would barely pay for a happy meal. But now the dividends are rolling in. I'm making more from my dividends now doing absolutely nothing than when I was a college student laboring away at minimum wage part time to pay my rent. The dividend payments are quite sizable now with my largest month January paying over $1000. I'm certainly glad that I kept with my original plan instead of spending the money as the dividend payment effects are starting to snowball. 


I estimate that by the end of August or September I will be able to cross the $10,000 a year mark in dividends. This means that every year I will be able to receive $10,000 for doing absolutely nothing. I can be sipping martinis and those dividend checks will still be mailed to my door. What a great feeling to not have to be tied to an employer. Eventually I hope this number grows even more so I can sustain my entire lifestyle with passive income.

I expect that with dividends reinvested, this $10,000 will be able to grow by 10% (3% yield reinvested with 7% dividend growth on its own), which means that $10,000 in one year will become $11,000 the next year and $12,100 the next. I find that this is a great way to snowball my passive income without having to work at all.

I invested heavily in the Q2 of 2017. A lot of my position was in cash starting in 2017 so I deployed a lot of that to work. I will post when I finally cross the 5 figure mark in a few weeks.

Happy investing -YD

Thursday, July 20, 2017

Recent buy: HD

Shares of HD dropped 4.1% today after Sears said it is now selling its Kenmore appliances on Amazon. I took this opportunity to add $2000 to my existing position in HD.

Tuesday, July 18, 2017

Recent buy: PEP, V, JNJ ...

I have deployed around $10k this week. Here are the buys I executed:

PEP:  $2301
V:       $3026
JNJ:    $1344
HRL:  $461
KMB: $625
TJX:   $844
T:       $433
GIS:   $539
SJM:  $587

I prefer to buy winners but I also added to companies that are having a tougher time now. Companies that are doing fantastic include PEP, V, JNJ. KMB is experiencing P/E contraction but overall is relatively flat. Hormel is still growing well but is experiencing P/E contraction. AT&T is getting competition from T-Mobile and has seen share price falling, but overall it's still very much flat in terms of growth. GIS and SJM are having a tough time in the super market, especially GIS due to their product portfolio positioning and the transition to Organic and natural. GIS has no growth at this moment.  TJX is expanding (same with ROST). However TJX traded at a high P/E and experienced P/E contraction due to the Amazon pressure on retail.

Friday, July 7, 2017

June 2017 Portfolio Summary

The report will be summarized using data up to July 7, 2017.

Not much excitement in June. The portfolio stayed relatively flat however my forecasted annual income from my investments climbed higher since I added to several positions.

I recently added a new position in Federal Realty (FRT). It's a dividend aristocrat REIT company. Together with Realty Income (O), these two companies will provide me decent dividends in the real estate category.

The purpose of this portfolio is income replacement. I have a desire to one day live off these dividends. The dividends must be completely safe even during economic recessions. The companies I invest in must have products that have strong demand and are not at the whims of "fads" that come in and out. The portfolio chart below highlights companies that I consider Core positions as Green. Yellow positions are Supporting positions and Red are Speculative. My dividend investing philosophy holds strong with the Core names but the Speculative names are purely for capital gain alpha.

Positions can only be labeled as Core by me if the companies have demonstrated that they can withstand the test of time, they offer products or services that the economy uses no matter what, and have a proven track record of dividend safety and dividend increases.


At this time, my portfolio is spitting out $9290 in dividend per year. The highest dividend paying month is January which is $1026. My portfolio is heavily weighted into Consumer Staples companies. These types of companies offer products we use every day such as water and beverages, shampoo, toothpaste, toilet paper, electric utilties, food, cleaning products, or nonprescription medicine. Consumer Staples tend to have less alpha than more volatile industries like Energy, Technology, and Discretionary. However, my goal is income predictability and safety and Consumer Staples offer the best return for the associated risk to me. Many of the companies I invest in are dividend aristocrats with over 25 continuous years of dividend increases.


My goal in the future is to increase my holdings in the Healthcare and Utilities space. Right now I am a bit too heavy in the Consumer Staples, however I like each of the companies I am holding now in the Consumer Staples sector. For Healthcare, I am looking to add more to JNJ and BDX. And for Utilities I am waiting to add more to NEE.

If Industrials ever pull back, I will be looking to add to names like MMM, ITW, and a military defense name like GD. However, industrials are way too hot right now. I do hope to increase my weight in Industrials eventually since my weighting is way too light at this time. Industrial companies will always pull back as their betas are rather high. When the economy slows down that will be my chance to add into high quality companies at an low price. Industrials tend to overshoot downwards when the economy slows down.

In terms of Financials, I do not like investing in banks. They are too risky for my taste and I do not know how to read their financial statements. It's far too complicated and I do not know who they are lending money to. I tend to prefer financial middlemen companies. These include payment transaction companiesl ike Visa and MasterCard. They offer "tollroad" type operation and have no lending risk. I believe the future will be cashless especially for the rest of the world. Many of the developed nations in the world still use cash and Visa + MasterCard is the future, hence my extremely long stance on V and MA.

Technology companies have enjoyed a very strong run. I have unfortunately been left out. I never chase price gain as I am always about the income from dividends. If the technology companies ever pull back I will open my eyes to high quality dividend paying technology companies like MSFT, ACN and ORCL. Although I view Amazon, Facebook, and Google as leaders in their respective industries I just cannot get myself to invest in anything that pays no dividend so I will watch those giants on the sidelines.


My annual dividend is almost hitting $10,000. I think by the time summer ends I will be able to cross the $10k a year mark in passive dividend income :)  Took me a long time to get here, and it's great to see my money generating more money. The reason my dividend has been rising faster than expected is because I accumulated a large cash position around January 2017 through May 2017. I eventually deployed all the cash to earn more dividends since I eventually decided I will not be using the cash for anything else within a 3 year period. If the cash is not needed, I will invest it automatically even if the market is high low or flat. I always keep around $7000-10000 in emergency cash just in case something bad happens.


The graph below shows my current progress to $1MM. Not much happened in the last month. Many of the companies I hold became cheaper in June which helps boost the dividends I can acquire for each purchase I perform. I don't forecast any surprise cash increase into my portfolio, my income will be quite the ordinary for the rest of the year. I may have a slight bump down in a few weeks when I move into a new rental apartment (curse the living costs in the bay area).



Happy Investing
-YD

Thursday, July 6, 2017

Recent buy: FRT, T, ROST ...

I purchased the following shares:

FRT: $2020 - this was purchased in my 401k since FRT is a REIT with unqualified dividends.
FRT is a new position for me and will be my second REIT after my holding in "O". FRT is one of the highest quality real estate companies that targets upper income densely populated areas. I am loving how FRT is pulling back nicely on the Amazon retail scares and rising interest rate environment. The company is a dividend aristocrat and the highest credit rating in the industry (even higher than "O"). I plan to optimize my 401k to hold only tax unfriendly investments like REITs. So when my cash position in my 401k accumulates up over $2k I usually deploy it to a REIT, and now I have O and FRT as options.

T: $2482
ROST: $975
TJX: $1063
HRL: $1517

The market is pulling back on many of my holdings. This starts to make a lot of my holdings more attractive for purchase. I have around $15,000 in cash left but I usually keep a steady amount for emergencies. My cash position has shrunk from over $30,000 in the past months to $15,000 which has helped increase my dividends per year.

Sunday, July 2, 2017

June 2017 Dividends Received

At the end of the month I always check the totals of all the dividends I received. It is a good way for me to check my progress so that I can compare my current progress with last quarter's or last year's results.

For this month I received $773 in dividends. All funds were invested back into the companies that paid them. $773 is not enough to live off of completely but it is also not a small amount. At this point, I have no problem supporting myself on the dividend alone aside from the bay area's absurd rental prices.

Ticker      Total    Taxable         401k
JNJ $130.46 $125.16 $5.30
HD $86.33 $73.87 $12.46
PEP $83.46 $57.16 $26.30
BDX $56.21 $56.21
KHC $55.80 $55.80
O $52.54 $52.54
D $45.14 $6.04 $39.10
MMM $41.13 $41.13
SO $33.06 $33.06
MCD $30.08 $30.08
NEE $29.48 $29.48
CHD $26.73 $14.82 $11.91
ROST $26.24 $26.24
V $22.48 $16.67 $5.81
TJX $16.88 $16.88
WEC $12.48 $12.48
SJM $9.75 $9.75
Interest $9.09 $9.05 $0.04
WTR $5.93 $5.93
$773.27 $619.81 $153.46

Saturday, July 1, 2017

Recent buy: MKC, PG, XEL ...

I recently added the following positions to my portfolio on Friday after the pullback that happened that week.

MKC: $1468

PG: $1745

XEL: $691
NEE: $702
WEC: $1230

Saturday, June 17, 2017

May 2017 Portfolio Summary

I will post my May 2017 summary using data from mid June since I did not get a chance to make this post earlier. The stock market has been very generous to long investors. Stock prices have continued to head higher. Industrials and Technology companies have been leading the rise. However, nearly all sectors have seen rising prices. As of the 14th of June, the Fed has raised the interest rates by a small 1/4 percent. Crude oil has been continuing its drop downward below the $50 mark. I do not own many companies that are impacted by crude oil production directly. I no longer own shares in oil & gas or pipelines so the tough times in oil is not of much concern to me. The US dollar has been weakening compared to the start of the year. This bodes well for many of the international companies like KO, PM, and JNJ who do sales internationally. A weakening dollar means rising earnings from money made overseas when converted back to US Dollars.


I'm probably sounding like a broken record by now... The purpose of my investments is to become an income source for my personal use in the future. I do not buy low to sell high. In fact I do not very much mind buying high as long as what I buy can provide me with income. Every share I buy I treat it like an ATM machine. As long as the company I buy can keep spitting cash out to me every quarter life is good. If the ATM machine starts to break because of deteriorating fundamentals, I will sell it since I want the ATM machine to keep spitting out cash.

My investing philosophy is much different than the popular media's view on stocks. I invest for income. Every share I purchase will pay me every quarter. Every quarter, that company will (literally) send a check to my mailbox which I can cash in to pay for my groceries, transportation, entertainment, and housing. I do not plan to ever sell shares in businesses that I own unless I believe there is something direly wrong with the company's fundamentals. In essence, I hold stock like I hold rental properties. Stocks provide me income every month of the year. I could care less what the market values the business as long as the business pays me every quarter.

In addition to providing income every month, I want my investments to increase their dividend checks every year by themselves. Companies grow either organically or through M&A. Inflation happens, causing company earnings to grow as well. The whole purpose of the CEO is to ensure that the company makes money and grows. His job is to do everything in his power to make that happen. In essence, the CEO is working for us, the shareholders. If management is not doing a good job, then the shareholders will vote to elect new members in. In the end, I want to benefit from the growth in the enterprise and that benefit is through dividend checks.


Since income is so important to me, I want to make sure that the businesses that I own are capable of paying me dividends every quarter without issue. I also want to make sure the business can increase that dividend every year no problem. As a result, I tend to rely on businesses with non-cyclical personalities. During economic recessions, the last thing I want to see is for a company to cancel its dividend due to "hard times". Most of the companies I own are in the consumer staples business. These companies sell products like food, drinks, toilet paper, cleaning supplies, shampoo, toothpaste, etc. They are boring companies but they provide very consistent growth and a very stable cashflow even during economic recessions.


My largest holdings right now are Altria and Philip Morris (tobacco makers), Johnson & Johnson (a healthcare conglomerate), Home Depot (home improvement store), and Becton Dickinson (a medical device and instrument company).

As of June 17, my portfolio is sitting a bit over the $375,000 mark. I am a little ahead of schedule for my goal of $1MM. Spikes in the net worth are due to unexpected payouts in my career. I believe eventually I will be able to hit the $400,000 mark. My "margins" are very high at the moment since my living costs are very low compared to my take home income. Nearly all of my income is invested back into shares of businesses which pay income.


I decided to take a step back and plot what I think my portfolio can become years after I reach my goal if $1,000,000. This graph includes contributions I put into my account every month. In the latter years, I find that the portfolio grows by itself much more than what I contribute into the portfolio. 

I used data from the past with the acknowledgement that past performance doesn't predict future performance. In the backtest I chose investments that were similar to the companies I invested in today, namely dividend aristocrats which increase their dividends every year. The graph is an interesting display of what compounding can do to one's wealth. If an investor starts early, the early years are rough as the portfolio appears to grow only from one's personal contributions. However, as the portfolio matures into the 10th year, 20th year, and 30th year, the results are staggering.

I can't predict the results of the next 20 or 30 years. However, the past 100 years of the US Stock Market has been consistently impressive. I'm willing to bet that such American economic ingenuity and the "secret sauce" that the US has to innovate will continue propelling businesses forward decades into the future.

After $1MM, the second million becomes progressively easier (nearly half the time). The third million becomes even easier (1/4 of the time). And the fourth 1/8 of the time, and etc. This shows how capital can make capital by itself. Eventually, there is no need to save one's paycheck and contribute directly into the portfolio since the portfolio by itself has reached escape velocity.

Although $1MM is my short term goal for my early 30s it is only a very small drop in the overall bucket. My extremely long term target for old age is in the Decamillion category (8 figures). I believe the investment strategies laid out in this blog can one day make that possible for me, and I will log my progress on this website every month.


Happy Investing
-YD

Friday, June 16, 2017

Recent buy: MKC

MKC fell  a bit more than 3% today. What a joy to see what a high quality company going more on sale! I purchased $3,000 in MKC today on the open market today. My strategy is to add more if it falls 5-10 more %.

Happy investing
-YD

Thursday, June 15, 2017

Recent buy: GIS, T, PG

I bought the following companies on 6/15:

GIS - General Mills - $351
PG - Procter & Gamble - $1329
T - AT&T - $464

May 2017 Dividends Received

A little late to post, but here are the dividends I received in May 2017. I got $330 this month. Not bad. 2/5/8/11 months are lighter paying months for me since most of the companies I hold pay in other months.

Note that I now no longer hold any Verizon. I am considering adding more to AT&T to cover that high yield telecom space.

Ticker      Total    Taxable    Roth IRA         401k
GIS $79.29 $48.85 $30.44
O $41.60 $34.21 $7.39
T $36.41 $36.41
PG $28.83 $18.49 $10.34
APD $26.94 $26.94
VZ $25.68 $25.68
HRL $17.55 $17.55
ABT $15.95 $15.95
CL $14.26 $14.26
MA $12.55 $2.17 $10.38
CLX $11.54 $11.54
Interest $9.73 $9.60 $0.02 $0.11
SBUX $8.25 $8.25
BCR $1.88 $1.88
$330.46 $203.64 $59.91 $66.91


Friday, June 2, 2017

Recent buys ......

I purchased a lot of shares in the last week. I haven't posted the update yet. Here is a list of what has been added to my portfolio recently.

Since I have 100 free trades a month I took the liberty to spray my purchases across several companies.

5/31/2017
BDX   $945
SYK    $427
APD    $1008
GIS    $568
HRL    $504
T          $964
PM       $1080
ITW    $1414
KO       $910
MA       $1105
WEC    $1004
PG       $881
PEP    $1172
V          $952

6/2/2017
ADP    $1513
MA       $1376

After calculating the dividends, this set of investment will increase my annual dividend by $400 a year. My portfolio is now around $8713 in annual dividends.

Monday, May 22, 2017

Account changes and additional buys

I am closing my Roth IRA and converting all the funds into my taxable account.
My contribution base is around $13,000 and my capital gains is $1500 so I will pay a bit of tax on the $1500. The $13000 I will withdraw without any problem because the Roth IRA allows you to withdraw your contributions.

The Roth IRA is a great way to accumulate wealth without tax penalty given one is old enough to enjoy the money. However a big problem with the Roth IRA is the limit on how much you can contribute each year. My contribution limit to the Roth IRA is $5500 a year at the moment. This is a very small amount compared to the contributions I make to my 401k and my taxable account. There is a management overhead for me to keep track of all the accounts and statement records and tax documents used for filing taxes. Another big problem is that my income is higher than the Roth IRA limit, so I have to do the backdoor Roth which is even a bigger hassle.

Adding $5500 in a tax sheltered account that I have to jumps hoops to contribute to, and which I cannot use until I have white hair just is not worth it to me. I plan to retire in my 30s or 40s and I want to use my money how I want without any withdrawal rules. For others it may be worth it if $5500 a year is around the scale one is contributing to one's investments. But since I am contributing many multiples more than $5500 a year, I will pass.


My Roth IRA held the following this morning. As of now it's all cashed out:

Ticker Market Value Shares Share price
O $8,786.36 162.11 $54.20
VZ $2,044.81 45.02 $45.42
MO $3,462.76 48.84 $70.90

I sold all the shares so that I can liquidate and transfer all the cash into my taxable account. Since "O" is not a tax friendly investment since its dividends are taxed as ordinary income due to its REIT status, I bought around $9500 worth of O in my 401k, increasing my total position in O by around $750. My 401k already held O so the position got a lot larger in that account. 

To fund this large "O" purchase in my 401k I had to sell my large stake of around $8800 in Home Depot (HD) in my 401k and buy that Home Depot position back in my taxable account .... I know complicated. I ended up adding $9350 of Home Depot in my taxable account so I increased my total position in HD by around $550.

I also bought $3800 of MO in my taxable account, so I increased my total position in MO by around $400.

Finally I sold VZ and bought AT&T in my taxable account. I bought roughly the same dollar amount of AT&T as I sold Verizon. I am more favored towards AT&T's business model than Verizon and am not a fan of Verizon's acquisition spree and debt.


At the moment I still have around $30k in investable cash. I keep $11k in a savings account for a rainy day or for my future mortgage deposit (that is if I ever decide to settle down). A lot of money is swashing around between accounts as I close one account to open another. I closed my Capital One Investing taxable account in favor of my Merrill Edge which combined my Bank of America account with my brokerage account. Merrill gives me 100 free trades a month since my account size is large enough to qualify for the offer, so I took the leap to basically free trades ... For a dividend investor 100 trades a month is way more than enough.    And soon , I will be closing my Fidelity Roth IRA account and moving all the funds to the Merrill taxable account where I will be able to enjoy using my cash in commission free trades. Everything then will all be combined into one account which will make managing and paperwork much simpler.

If my account size becomes super large to the point that it may be risky having all of my money invested under one account, I may consider opening several taxable accounts just in case one of the brokerage firms go under. Merrill Edge which is Bank of America is quite reputable, so I am quite happy with the broker and the security features and customer service so far.

Thursday, May 18, 2017

April 2017 Portfolio Summary

I'll post data for the end of April by using data from May 12, since I was busy on a trip around the beginning of May.

A lot of things happened in April. As shown in the previous post, the dividends I received was a record high totaling $844 in April. The portfolio dollar growth has been steady for a while now but the annual dividends amount continues to climb ever higher.

The purpose of this portfolio is income accumulation. The portfolio on its own is outputting around 2.7% yield. So every $100 invested gives me $2.7 per year in cash. I use this money to either live off of or buy more investments.

Below is a treemap chart of my portfolio. I have placed very large bets on tobacco, Home Depot, JNJ, Realty Income, Becton Dickinson, Visa, and Pepsi. As you can see, most of my investments are in the Purple or Consumer Staples sector as they all pay very generous dividends and are one of the most predictable businesses around.

I have reduced my cash position for my housing down payment and allocated more funds to buy shares. I still do have around $40k or so in cash that I can buy if I need to, but I like to keep a decent cash position for emergency or opportunities.


I hold 40 stocks in my portfolio. This is a bit more than I like but all have passed my screening criterias and I will not hesitate to add more if any of their prices drop. I have been adding predominantly to positions I already hold, and have not added new positions. The latest new position was ITW which is a dividend aristocrat industrial.

Positions listed below with Green highlighting are my core positions. Yellow are supporting and red are speculative. Core positions are the ones I am most comfortable on holding. Companies with their names bolded indicate core positions that have the highest quality metrics determined by S&P and Value Line. Only a feel positions are bolded and also highlighted by me in Green as Core positions. I will likely hold these types of positions for life and add on every dip possible.


My favorite sector is the consumer staples. I tend to hold as many companies I can in sectors that have predictable cash flow. Companies that are boom bust like oil and raw materials are not my style. Nor are companies that constantly have to spend billions to innovate like Technology. I primarily hold boring companies people don't like to talk about as they are not "sexy". These include products like toothpaste, cereal, bottled water, shampoo, toilet paper, cigarettes, ketchup, soda, or electric utilities.

In terms of my progress, my goal to achieve $1,000,000 is on track. My net worth is now exceeding $350,000. 

The periods going forward will need to rely more on the portfolio supporting its own growth in order for me to meet my goal in the schedule shown below. In the early days, my portfolio growth was primarily due to my periodic contributions. However, I hope in the future my portfolio can grow faster on its own without my help.


Since price of shares is not predictable and prices are often at the whims of the irrational market, I prefer to look at how much passive income my assets are generating for me every year. Below is my plot of my forward annual income from my investments. The graph has climbed quite a bit upward in the last month as I have invested heavily in new shares. Each share I buy will pay me dividends. My portfolio is only composed of dividend paying stocks as I want to be paid in cash for every company I own.

Dividends are steady and predictable as long as the business fundamentals are intact. When share prices declined in 2008-2009, nearly all of the businesses I hold today either held or increased their dividends despite the economic recession. This is because these companies continued to make profits despite the recessionary environment. These are the types of companies I like to hold since I want my dividend to always be increased or at least be held flat year after year. I tend to value more on a company's ability to pay and maintain the dividend instead of focusing so much on the share price. I welcome a share price decline of 50% but will not tolerate a decline in the dividend.


Tuesday, May 16, 2017

Money does grow on trees

There is a popular phrase that money does not grow on trees. The saying suggests that money is something that needs to be worked for, and it is not easy to acquire. Under this thinking, one should spend sparingly since money is not abundant.


I agree with this statement when an investor is in his or her early stages of accumulation. While starting out from scratch, an investor does not have any capital that can generate even more capital. In the early stages, the only way a person can generate money is by performing work and getting paid for the time and energy spent. This is a linear process and is dependent on one's hourly rate and the hours spent. Money during this early period is scarce and the "money does not grow on trees" feels completely true.

The frugal and "money is hard to find" mindset completely changes once one has sufficient capital. Capital can be deployed to generate more cash. Examples are rental houses or apartments and ownership of private or public enterprises. Conservatively, asset holders can also receive income from bonds by becoming a lender. In rental property, one can generate income from the rent the renter pays. In company ownership, the shareholders are the people who own the company, and any excess profits are distributed to the shareholders. Becoming a lender allows one to receive interest income from the borrower. This blog focuses on ownership is companies that pay excess profits to shareholders. For public companies this is called dividends. I look for increases in this dividend every year as the company grows and increases profits.

Money does grow on trees once a person owns sufficient assets that generate cash. Ownership of businesses and property is similar to owning a "money printing machine". Businessmen want to own as many "money printing machines" as possible, and it costs money to buy each machine. The asset generates cash to the owner every month or quarter. This payment of cash to the owner doesn't just come out of thin air. The cash comes from customers or clients who pay for the service or product that the business provides.

Over time money begins to flow like a river. The cash supply is limitless and there is no more of a need to grow money linearly through an hourly rate and hours spent. Eventually the cash received from simply being a business owner exceeds the money one needs to spend to live. Once capital generates capital, the process becomes exponential. A businessman or investor can harvest the cash the company he owns and then deploy that capital on "machinery" that can print even more cash. This positive feedback loop is a very powerful way to generate more and more cash. The initial steps to create this machinery is painfully slow and life will be frugal. But after the machinery is set in place, money is limitless. Eventually the small river of money becomes a large torrential flood of money, continuously being added to one's bank account in the form of reoccurring checks.

Owning shares of companies is not merely owning a piece of paper. Owning shares is equivalent to owning parts of the business. If the business generates money, that money will eventually flow into the hands of the business owner. It took me a while to finally understand the inner workings of our capitalist economy, and this realization is what sparked me in investing my excess earnings full time when I was 23.

Saturday, May 13, 2017

April 2017 Dividends Received

April was a productive month. I received $844 across my three brokerage accounts. With over $800, I can easily cover my basic living costs (excluding rental). Food and drinks and eating out is no longer a problem. Filling up my Prius for a long road trip doesn't bug me too much anymore. Nor does paying for the electric bill or cell phone bill.

Ticker      Total    Taxable    Roth IRA         401k
MO $370.65 $325.90 $44.75
PM $165.54 $120.15 $45.39
KMB $60.92 $39.25 $21.67
KO $45.32 $45.32
O $41.60 $34.21 $7.39
MKC $34.73 $15.27 $19.46
XEL $32.65 $32.65
VZ $25.68 $25.68
ADP $24.46 $24.46
Interest $20.00 $20.00
MDT $12.17 $12.17
SYK $11.24 $7.41 $3.83
$844.96 $630.41 $59.89 $154.66

Jan, April, July, October are my best paid months.
February, May, August, and November are light due to what I hold in my portfolio.

I monitor my income from the companies I own on a quarterly basis. Below shows the dividends received for each month back to the time I started building my passive income. The blue line is the 3 month moving average.

For the coming May month I am expecting $350 and June I am forecasting $740.