It is time to document my earnings from my dividend stock portfolio for September 2013. The way my portfolio has been chosen a lot of payouts dates happen to fall in September, so I have quite a few items to report.
Holding Dividend/Shr # Shares Dividend Total Reinvested New Shares Account
ADM $0.19 75 $14.25 YES 0.395 ROTH IRA
XOM $0.63 30 $18.90 YES 0.215 ROTH IRA
INTC $0.225 105 $23.63 YES 1.058 ROTH IRA
RDSA $0.90 38 $34.20 NO 0 Brokerage
CSX $0.15 100 $15 YES 0.5681 Trad IRA
MCD $0.77 10 $7.70 NO 0 Trad IRA
For several of my newer positions I received my first dividend payout ever. Intel, Shell, Clorox and McDonalds I purchased too late to received their earlier June 2013 payouts. The ADM and Exxon payouts were a repeat of last quarter, but this time I had dividend reinvestment enabled as opposed to getting a cash deposit – so the money was invested in fractions of additional shares.
McDonalds was an aberration this month. I had several buys and sell of MCD while finalizing its position in my portfolio, the end result being I only received dividends on 10 shares and it was not reinvested. This issue should be resolved now and I expect a full payment in December 3013.
I had a signficant issue with my investment with Royal Dutch Shell. I was under the impression I would receive my dividends thru Shells’ Scrip program, where you are paid in shares – rather than in cash which needs to be reinvested into shares. This is supposed to exempt you from paying a Foreign Dividend Tax. Unfortunately this did not work out for me, I received $34.20 in dividends but then has $5.13 deducted for ‘Fgn Div Tax’.
I am going to monitor this issue if there is an easy way to get this back at tax time. I may end up changing the location and type of Shell investment in the future to optimize the situation, but for now I I’m not too concerned – it is only $20 a year after all.
$108 of dividend income if my first triple digit month so far. Here is hoping it is the first of many!