March Dividend Income Update

I have been building a stock portfolio of dividend stocks outside of my retirement accounts that I will use to help produce income in retirement. This portfolio was valued at $147,948 as of the end of March.

My Annualized Dividend Income as of the end of March increased to $6,494 from $6,489 over the past month. This means my dividend stocks will pay $6,494 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.38%.

All my dividend distributions from the month went toward paying down debt. The stock market was up for the month and we continue to see companies increasing their dividends this year.

Most of my stocks are held in my Vanguard Brokerage account and the rest are DRIPs. 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 Wednesday.

March Net Worth

As of the end of March our Net Worth increased to $1,004,492 from $996,928 for the month which is a .76% increase. We have finally broken the $1M barrier for the first time. The increase in net worth is tied to the increase for the stock market in March. The S&P 500 was up around 3.29% for the month of March.

The breakout is as follows:
ASSETS
Retirement Accounts $525,544
Taxable Accounts $147,948
Cash $33,824
Home $205,000
Other Real Estate $145,000
Cars $18,000
Personal Property $3,000
Kids 529 Accounts $45,746

DEBT

Other Mortgage $110,250

Car Loan $9,320

NET WORTH

$1,004,492

Here is the summary for this month:

The stock market was up for the month of January. The S&P 500 was up 3.29% for the month and that accounted for most of our increase in value.

We use our other credit cards for rewards but pay off the balances each month. All dividends received this month went toward paying down debt.

We also have a car loan of $9,320 since we purchased a new car in October 2011.

We will be paying down debt and trying to 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 Tuesday.