My Annualized Dividend Income as of the end of February increased to $6,230 from $6,115 over the past month. This means my dividend stocks will pay $6,230 in dividends over the next 12 months.

I made around $5000 of dividend stock purchases for the past month from new purchases and dividend distributions. The stock market was up for the month and we continue to see companies increasing their dividends this year.

I sold off shares of ACAS stock that was no longer paying dividend and will sell others that are not paying dividends throughout the year and add a few hundred dollars a month to our dividend paying stocks.

Most of my stocks are held in my Zecco Trading account and the rest are DRIPs. The dividends from my stocks are reinvested but I am keeping track of the amount of income I could receive once I retire or choose to receive the dividends in cash.

I will post my Top 20 Stock Holdings on Friday.

As of the end of February our Net Worth increased to $947,444 from $923,029 for the month which is a 2.64% increase. The increase in net worth is tied to the increase in the stock market for the month.

The breakout is as follows:
ASSETS
Retirement Accounts $505,782
Taxable Accounts $144,898
Cash $41,210
Home $205,000
Cars $6,700
Personal Property $3,000
Kids 529 Accounts $40,850

Here is the summary for this month:

The stock market was up for the month of February. The S&P 500 Index was up 3.2% from where it stood at the end of January. The S&P also scored monthly rises in December and January.The US economy continues to show signs of slow growth.

We are still debt free since we paid off our credit card debt. We will continue to use our credit cards for rewards but payoff the balances each month. I received around $945 in dividends for the month and have used the cash from these dividends, proceeds from the sale ACAS and $400 to make additional stock purchases.

We will be building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.

I will post my Dividend Income Update on Wednesday.