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Dividend Stocks

Dividend Stocks: 2018 target $12,000 passive income

Dividend income is my favorite form of passive income. Investors own a small part of these public companies and they work for you. These days, I focus on companies that consistently grow their dividend income over the years. This strategy will ensure that our dividend income keeps growing even if we don’t add new money. Currently, we reinvest all the income from this portfolio, but we’ll use it to pay our expenses once Mrs. RB40 retires full time. If you’re a new investor, here is a useful post – How to Start Investing in Dividend Stocks.

As for reinvestment, I don’t DRIP in this portfolio. I just accumulate the dividend and invest in a stock or real estate crowdfunding whenever I see good value. I’m not sure if I will purchase more dividend stocks in 2018. The stock market is getting frothy and I don’t believe it can keep this up. I’m pretty sure it will be fine in the long run (30+ years), but we will probably see a sizable correction in the next few years.

For 2018, I expect to receive at least $12,000 from our dividend portfolio. This is assuming the dividends remain stable. I’m hopeful that we can reach our dividend income goal through dividend increases, reinvestment, and additional investment.

Currently, our dividend portfolio is at Vanguard. We pay just $2 per transaction and that’s a very good deal. However, you need to have over $500,000 invested in Vanguard funds to qualify for the low fees. For new investors, I recommend Firstrade. Firstrade is a great discount brokerage that I used for many years before moving to Vanguard. Their fees were recently lowered so now investors pay just $2.95 per trade. That’s really good.

You can see all of our passive income over on the Passive Income page. I will update these passive income pages monthly.

YTD Dividend Portfolio Update

  • 12/31/2017 value = $379,806
  • 1/1/2018 value = $379,806 (0% gain YTD.)

YTD dividend income = $0

We’ll see if we are on pace to meet the $12,000 goal at the end of every momth.

Here is a chart of our dividend income since 2012.

2018 dividend income

You can see our dividend portfolio below.

Stocksharesprice 1/1/182018 YTD Income
Intel41146.160
AT&T20038.880
Eli Lilly10084.460
Shell40068.290
Target15065.250
Leggett & Platt50047.730
VPL20072.90
Abbott Lab10057.070
AbbVie10096.710
Aflac10087.780
JPMorgan Chase100106.940
McDonald100172.120
Coke10045.880
Mondelez20042.80
Altria Group20071.410
Western Union50019.010
General Mills10059.290
Procter & Gamble10091.880
Walmart20098.750
Kinder Morgan I 10018.070
Sysco30060.730
National Retail Property20043.130
Universal Corp.20052.50
Deere & Co. 100156.510
Phillip Morris150105.650
Omega Healthcare10027.540
Annaly Capital20011.890
Amgen40173.900
Consolidated Edison10084.950
Kimberly Clark100120.660
VNQI55060.500
HP10064.640
RB40 Dividend Portfolio 0

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