By: Matt @ Home & Pocket
February 3, 2025
It’s that time of month again!
We will now review our Dividend Income from the Month of January:
Exciting news this month—our passive income continues to grow!
We received a total of 12 individual dividend payments, amounting to $85.02. That’s right, $85.02 in income that we didn’t have to lift a finger to earn.
It’s a perfect example of how dividends can provide a steady, reliable stream of cash flow, allowing us to earn money while we sleep.
This kind of passive income is exactly what we’re building towards, and seeing those payments roll in is a reminder of how powerful smart investing can be. Let’s dive into the details of this month’s dividend report!
Be sure to check out my 2024 Dividend Report if you missed it.
January is usually a smaller month with dividend income being on the lighter end of things.
That being said, The portfolio currently has Eight (8) Stocks that pay dividends in January; Eleven (11) are quarterly payouts and one (1) is our monthly payout (Realty Capital – O).
The January Stocks are:
- Restaurant Brands International (QSR) – $0.49
- Kimberly Clark Corporation (KMB) – $12.20
- Pepsico (PEP) – $8.13
- Walmart Inc. (WMT) – $5.19
- McCormick (MKC) – $9.00
- Leggett & Platt Inc (LEG) – $5.00
- Realty Income Corp (O) – $7.92 – Monthly!
- Dollar General Corp (DG) – $5.90
- Cisco Systems Inc (CSCO) – $8.00
- SYSCO Corp (SYY) – $7.65
- Toronto Dominion Bank (TD) – $9.29
- J.P. Morgan Chase & Corp (JPM) – $6.25
TOTAL DIVIDENDS RECEIVED $85.02
That’s a total of $85.02 of completely passive income I received from just owning a piece of a company. In perspective, that is down from $137.78 in January of 2024; which is due to selling off part of the portfolio to purchase another house – no regrets just providing some context.
To further expand on how amazing this makes me feel every month when I receive these checks, let me further expand on the yearly outlook.
I just made $85.02 this month from these Eleven (11) dividend stocks. Over the course of a year, I will have earned an estimated total of $340.08 from these same eleven (11) dividend stocks. I say estimated because that assumes two factors do not change:
1. I don’t change my holdings; either by selling (which I rarely do) or adding to my position (which I probably will).
2. The dividend stocks themselves don’t raise or lower their dividend payout (which they probably will). Most of these companies have a long history of increasing their payout year after year if only to keep up with inflation. I tend to average around 1.5% to 2% dividend raise per year.
With that assumption, I would be at between $345 – $347 next year if I did nothing but watch my money tree grow!
Looking ahead and my Yearly Progress:
My Goal for 2025 is to recover from my sales in 2024 and get back on track. I am aiming for $2,300 in Dividend Income.
2025 was supposed to be the year I hit $3,000 in dividends. However, due to moving and purchasing another house – #militarylife. things changed.
Consistency and discipline will be the key to getting back on track and regaining my lost dividends.
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