Friday, January 13, 2017

UTG JANUARY DISTRIBUTION NEARLY 7 TIMES NORMAL MONTHLY PAYOUT!

Collected 4 great dividend payments for Friday the 13th!  Was very happy with the payout from UTG, which included a special capital gains distribution, making the January payout 6.8 times higher than December 2016!  Yes I know about the taxable event created by capital gains distributions, but since my shares are held in my IRA and Roth IRA accounts, I'm not too concerned about taxes.  Reinvested all distributions except JMP.  I'm taking some JMP distributions in cash since I originally purchased the stock for possible capital gains.  Just taking a little money off the table should the price drop instead of increasing in value.  Right now I'm ahead, but not planning to sell anytime soon.  I'll continue collecting the dividend in the mean time.

Missouri is getting hit right now with a big ice storm, so I'm a little concerned about making it to work tomorrow.  If I have to call in, it will be the first day I've missed work in the last two years.  Would much rather go to work, since I don't want to lose any hours, but just in case, I've been racking up Swagbucks on my days off.  I figure if I do miss work, the cash I earn online will help minimize the loss.

Dividend income for January 2017 already exceeds January 2016 dividends by nearly 50%!  With some of the biggest dividends yet to come, it will be interesting to see what the monthly total comes to.  Just off the top of my head, I'd say I could easily see a 100%+ increase over last year!  I did expect a nice increase, but frankly I'm blown away.  Never expected the big payout from UTG, so that's a very nice surprise and the rest of the month looks pretty good too.  We'll see how it goes.

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