Going forward, the average monthly income in my nonPension portfolio will be $74.36, up 0.6% from last month's $73.93. Though the increase was modest, this is still the second month that the trajectory for the overall portfolio is ahead of schedule. The current annual growth rate is ahead of the growth rate needed by 1.33%. There are no guarantees in the future, but if the growth rate stays this high indefinitely, then my monthly income starting in 2035 will be over $700 rather than the $560 goal amount. Don't count on that, necessarily. But you never know what could happen.
Where will the extra income come from?
Verizon (VZ) raised its dividend by 2% on September 7, resulting in a 4-cent increase in the overall average monthly income. VZ has continued its tradition of low increases, while the dividend remains high.
JP Morgan Chase (JPM) raised its dividend by 12% on September 19, resulting in a 17-cent increase in the overall average monthly income. This represents JPM's second increase in 2017.
The remaining 22 cents will come from 19 stocks whose dividends were reinvested:
BA, BG, CCL, HBI, HOG, INTC, IP, JPM, KSS, MPC, PFE, PRU, PSX, QCOM, R, TGT, VZ, WFC, and
WHR.
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.115 | $1.07 | $0.97 | 10.53% |
| ABBV | 9.617 | $2.05 | $1.83 | 12.28% |
| ADM | 12.628 | $1.35 | $1.26 | 6.67% |
| ADNT | 1.000 | $0.09 | $0.00 | |
| AMGN | 3.100 | $1.19 | $1.03 | 15.00% |
| AMP | 5.205 | $1.44 | $1.30 | 10.67% |
| BA | 4.222 | $2.00 | $1.53 | 30.28% |
| BBY | 16.579 | $1.88 | $1.55 | 21.43% |
| BG | 9.317 | $1.43 | $1.30 | 9.52% |
| CAH | 7.123 | $1.10 | $1.07 | 3.01% |
| CCL | 11.364 | $1.52 | $1.33 | 14.29% |
| EAT | 10.377 | $1.31 | $1.18 | 11.76% |
| EMN | 7.233 | $1.23 | $1.11 | 10.87% |
| GEO | 24.043 | $3.74 | $3.47 | 7.69% |
| GILD | 6.166 | $1.07 | $0.97 | 10.64% |
| GLW | 27.968 | $1.45 | $1.26 | 14.81% |
| HBI | 24.317 | $1.22 | $0.89 | 36.36% |
| HOG | 12.600 | $1.53 | $1.47 | 4.29% |
| HPQ | 37.907 | $1.68 | $1.57 | 7.02% |
| INTC | 14.488 | $1.32 | $1.26 | 4.81% |
| IP | 13.870 | $2.14 | $2.03 | 5.11% |
| IRM | 15.237 | $2.79 | $2.46 | 13.40% |
| JCI | 10.178 | $0.85 | $0.98 | -13.79% |
| JPM | 8.309 | $1.55 | $1.33 | 16.67% |
| KSS | 11.873 | $2.18 | $1.98 | 10.00% |
| LAMR | 7.000 | $1.94 | $1.75 | 10.67% |
| LM | 16.564 | $1.55 | $1.21 | 27.27% |
| M | 12.749 | $1.60 | $1.60 | 0.00% |
| MPC | 16.749 | $2.23 | $2.01 | 11.11% |
| OHI | 16.508 | $3.52 | $3.30 | 6.67% |
| PAG | 11.162 | $1.28 | $1.12 | 14.29% |
| PFE | 15.711 | $1.68 | $1.57 | 6.67% |
| PRU | 6.344 | $1.59 | $1.48 | 7.14% |
| PSX | 6.249 | $1.46 | $1.31 | 11.11% |
| QCOM | 9.519 | $1.81 | $1.68 | 7.55% |
| R | 10.441 | $1.60 | $1.53 | 4.55% |
| SBUX | 8.037 | $0.67 | $0.54 | 25.00% |
| T | 16.344 | $2.67 | $2.61 | 2.08% |
| TGT | 7.346 | $1.52 | $1.47 | 3.33% |
| UNP | 6.219 | $1.25 | $1.14 | 10.00% |
| VIAB | 12.373 | $0.82 | $0.82 | 0.00% |
| VZ | 10.598 | $2.08 | $2.04 | 2.16% |
| WFC | 10.365 | $1.31 | $1.31 | 0.00% |
| WHR | 3.089 | $1.13 | $1.03 | 10.00% |
| WRK | 15.734 | $2.10 | $1.97 | 6.67% |
| WYN | 7.186 | $1.39 | $1.20 | 16.00% |
| | | | |
| TOTAL | | $74.36 | $67.84 | |
| Overall annual increase in dividend payments | 9.62% |
| Overall dividend yield -- dividends reinvested | 3.17% |
| Approximate annual growth rate including reinvestment and increases | 13.09% |
| Annual growth rate needed | 11.75% |
| Ahead of goal rate by | 1.33% |
