Dividend Income – July 2016

posted in: Uncategorized | 4

 

Happy Saturday!

So July was a pretty quiet month on the dividend front, as it usually is. I invested a lot of new capital but it will take a few months to see increased income.  A good way of seeing progress is looking at Quarter-Over-Quarter increases in passive income.  This gives us a little more short term motivation than simply looking at year over year.  Here is what mine currently looks like for 2016:

Month Dividends % Increase  Month Dividends % Increase  Month Dividends % Increase
01/2016
$77 –  02/2016 $168 –  03/2016 $436  – 
04/2016
$106 37.6% 05/2016 $201 19.6% 06/2016 $585 34.2%
07/2016
$139 31.1%

 

So here is what I’ve got for July:

Ticker Amount Received Applicable Notes
GPC
$19.07 Foundation Stock
KO
$22.05  
M
$4.15 Contained in risk side of portfolio
SMRT
$1.95 No Longer Owned
GSK
$12.50 High Yield – sure hope earnings increase soon..
BUD
$16.11
CSCO
$20.02 Just increased this position
DIS
$15.62 Semi Annual Dividend
TRN
$8.80
MAIN
$5.94 Monthly Payer
PSEC
$8.33 Monthly Payer
LTC
$4.32 Monthly Payer

Month Total: $139

YTD Total: $1,712

The market keeps chugging along and everyone keeps clamoring for the next recession. Two things are certain in my mind, 1. the next recession is coming, and 2. we have no idea when it will be.  A lot of folks have stopped adding money into the market.  I’m definitely not one of them, as I just invested a lot of money I gained from the sale of my condo (larger dividend income coming soon!)  The market always wins in the long run and no one can time the market.  Choosing dividend payers is a way of taking a little volatility out of it, as solid companies continue paying no matter what happens to their stock price.  If you are nervous about a market drop coming, it’s always best to look at your dividend progress rather than the overall market value of your portfolio – which is completely temporary.  

Thank you for reading!

You can see my full income summary here.

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http://monthlycents.com/2016/07/30/dividend-income-july-2016/

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4 Comments on "Dividend Income – July 2016"

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Passive Income Dude
Guest

Great job! Anything in the three digits is real progress!

Chris
Guest

That’s a pretty impressive increase on a quarter-over-quarter basis. I’m sure that mine went up as well, but I don’t have quite so much coming in. We do share KO as a holding. I also got paid by BNS. I will be updating this in relatively short order.

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