The nonPension portfolio's average monthly income going forward now stands at $83.46, up 88 cents from this time last month. With about 17.5 years to go until I reach age 65, I am about 15% of the way to my goal. I would like to be earning $560 per month from this portfolio starting in December 2035. All of that income will come from my initial investment of about $21,000, all of which came from my individual non-voluntary contributions to a pension plan, which was fortunately refunded to me when I left a job where I had worked for seven years.
The march toward $560 per month is slow but steady, and I am fortunate to be on a trajectory at this time to reach my goal before I turn 65, although that could change over time as my investments might not continue on the right path, and I might not make changes fast enough to correct problems that might arise. That is why I monitor the progress monthly.
The increase over the last month came from several dividend increases as well as some dividend reinvestment:
Apple (AAPL) raised its dividend by 16% on May 1, which increased the average monthly income by 18 cents.
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Cardinal Health (CAH) raised its dividend by 3% on May 9. That increased the average monthly income by 3 cents.
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Phillips 66 (PSX) also raised its dividend on May 9, by 14%, which brought the average monthly income up by 21 cents.
Penske Automotive Group (PAG) raised its dividend, again just three months after the last increase,
by 3%. As a result, the average monthly income is up 4 cents.
Bunge (BG) raised its dividend by 9% on May 23, which caused in increase in average monthly income of 13 cents.
The remaining 29 cents of the increase comes from dividend reinvestment in the following companies:
ABBV, AMGN, GEO, IBM, OHI, SBUX, T, VZ, and WRK.
Although there is no net change in average monthly income because of it, there is a change to the components of the nonPension portfolio due a spin-off.
Wyndham Worldwide (WYN) has spun off part of its business to form
Wyndham Hotels & Resorts (WH). The remainder of the company has become
Wyndham Destinations (WYND). It is expected that the quarterly dividends from the two new companies will total the same amount as the dividend of the old company.
A new entry is at the bottom of the table below. It will track where the expected monthly income will be starting in December 2035. This number should fluctuate over time, but is likely a little on the high side right now, given that there are several securities that have had a more significant increase in dividend payments over the past few months due to favorable tax laws that have gone into effect this year. I anticipate that the value in this last entry is going to go down over time in the near future. The goal is for it to stay over $560.
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.172 | $1.26 | $1.09 | 15.87% |
| ABBV | 9.832 | $3.15 | $2.10 | 50.00% |
| ADM | 12.916 | $1.44 | $1.38 | 4.69% |
| ADNT | 1.000 | $0.09 | $0.09 | |
| AFL | 11.000 | $0.95 | $0.79 | 20.93% |
| AMGN | 3.163 | $1.39 | $1.21 | 14.78% |
| AMP | 5.293 | $1.59 | $1.46 | 8.43% |
| BA | 4.265 | $2.43 | $2.02 | 20.42% |
| BBY | 16.865 | $2.53 | $1.91 | 32.35% |
| BG | 9.438 | $1.57 | $1.45 | 8.70% |
| CAH | 7.274 | $1.15 | $1.12 | 3.01% |
| CCL | 11.516 | $1.92 | $1.54 | 25.00% |
| EAT | 10.707 | $1.36 | $1.21 | 11.76% |
| EMN | 7.400 | $1.38 | $1.26 | 9.80% |
| GEO | 25.481 | $3.99 | $3.99 | 0.00% |
| GILD | 6.298 | $1.20 | $1.09 | 9.62% |
| GLW | 28.435 | $1.71 | $1.47 | 16.13% |
| HBI | 24.675 | $1.23 | $1.23 | 0.00% |
| HOG | 12.796 | $1.58 | $1.56 | 1.37% |
| HPQ | 38.950 | $1.81 | $1.72 | 4.97% |
| INTC | 14.666 | $1.47 | $1.33 | 10.09% |
| IP | 14.108 | $2.23 | $2.17 | 2.70% |
| IRM | 15.973 | $3.13 | $2.93 | 6.82% |
| JCI | 10.383 | $0.90 | $0.87 | 4.00% |
| JPM | 8.439 | $1.58 | $1.41 | 12.00% |
| KSS | 12.110 | $2.46 | $2.22 | 10.91% |
| LAMR | 7.268 | $2.20 | $2.01 | 9.64% |
| LM | 16.913 | $1.92 | $1.58 | 21.43% |
| M | 13.335 | $1.68 | $1.68 | 0.00% |
| MPC | 16.963 | $2.60 | $2.04 | 27.78% |
| OHI | 17.733 | $3.90 | $3.72 | 4.76% |
| PAG | 11.321 | $1.32 | $1.17 | 12.90% |
| PFE | 16.000 | $1.81 | $1.71 | 6.25% |
| PRU | 6.438 | $1.93 | $1.61 | 20.00% |
| PSX | 6.343 | $1.69 | $1.48 | 14.29% |
| QCOM | 9.697 | $2.00 | $1.84 | 8.77% |
| R | 10.572 | $1.83 | $1.55 | 18.18% |
| SBUX | 8.165 | $0.82 | $0.68 | 20.00% |
| T | 17.052 | $2.84 | $2.79 | 2.04% |
| TGT | 7.485 | $1.55 | $1.50 | 3.33% |
| UNP | 6.317 | $1.54 | $1.27 | 20.66% |
| VIAB | 12.628 | $0.84 | $0.84 | 0.00% |
| VZ | 10.976 | $2.16 | $2.11 | 2.16% |
| WFC | 10.506 | $1.37 | $1.33 | 2.63% |
| WH | 7.307 | $0.61 | $0.00 | |
| WHR | 3.131 | $1.20 | $1.15 | 4.55% |
| WRK | 8.007 | $1.15 | $1.07 | 7.50% |
| WYND | 7.307 | $1.00 | $1.41 | -29.31% |
| | | | |
| TOTAL | | $83.46 | $75.15 | |
| Overall annual increase in dividend payments | 11.05% |
| Overall dividend yield -- dividends reinvested | 3.45% |
| Approximate annual growth rate including reinvestment and increases | 14.88% |
| Annual growth rate needed | 11.49% |
| Ahead of goal rate by | 3.39% |
| At currrent growth rate, monthly payment starting December 2035 | $946 |
