Wealth: March Dividend Income

March 2017 Dividend Income

GME - $30.40

ARII - $6.80

QCOM - $15.37

STAG - $1.75

TGT - $9.00

EMR - $7.68

LB - $4.80

WFC - $8.36

Total March 2017 Dividend Income: $84.16

Total March 2016 Dividend Income: $20.40

Percent Increase: 312% increase

Now that March has come and gone, it's evident that the Dividend Scythe has been hard at work. If we're only looking at the change from the previous year to the current year, the percent increase has been phenomenal! It's enough for me to even wish for a positive increase year over year but an over 300% increase from last year is exactly what I want to see and more! Moving forward, I'm sure that I probably won't see these high percentages as it will be harder to see huge jumps as the portfolio grows but it's incredibly pleasing on the eyes as I get to look at it now. 

Recent Buy: American Railcar Inds Inc.

Look at all the deals on the market this morning, right?! I was happy to see when I woke up this morning that a lot of stocks had gone on discount (as they typically do on Mondays). With a coffee in one hand and my other hand on my TD application, I grabbed up a stake in ARII. If you don't know or aren't as familiar as you'd want to be of American Railcar, I urge you to read my previous post that contained a full review on the company.

With this purchase I was able to grab 17 shares at $41.77/share. I'll admit that it's not the best price of the day because I jumped at it right when the price started dropped instead of raising but I still feel very comfortable with the purchase. Like a kid running down the stairs to see that Santa had brought me a brand new choo choo train, I leaped on it like a spider monkey. 

The total purchase was as follows:

17 shares of ARII at $41.77/share, total purchase price: $720.08

**Commission fee of $9.99

This means that with this acquisition, I have added $1.60/share per year in dividend payouts or 3.83% dividend yield. This totals an added $27.20/year in dividends to my dividend harvest and I'll be able to capitalize on it immediately as the ex-dividend date hits this week. All in all, not bad for a days work. 

Let me know what you think. Do you currently hold ARII? Why or why not?

Watch List: American Railcar Industries Inc.

American Railcar Industries Inc. (ARII) is one of the leading North American manufacturers of rail cars. More specifically, they manufacture and service hoppers and tankers. Hoppers are generally designed for transporting coal, grains, and other goods that could have an open top and draining bottom for easy load and leave. Tankers on the other hand are designed for transporting various liquids. The company both produces, services, and leases the rail cars.