The hot summer month of July is officially in the books and it's that time of the month to share the dividend income totals! Not to keep rubbing it in - but I wonder the Cavs championship and the recent RNC in Cleveland have kept the steam in this engine running, or maybe it is cold hard capital that is keeping the train moving like the locomotive it is. Either which way - another month is finished, another month towards the goals and another month towards financial freedom. Without further ado, let's see how the month turned out - dividend income-wise.
This month, I received a total of $349.11 of dividend income, not too bad, but not amazingly high. Way too damn consistent with these dividend income payers here, but hey - that's not necessarily a bad thing and when we compare to prior year, let's see if they are each paying more than their younger selves, eh? haha.
No real specific items here except that Canadian Imperial (NYSE:CM) has had a nice dividend, increasing it each quarter; however, currency translation has been impacting the amount us US citizens receive. Similarly, TOTAL (NYSE:TOT) is still paying a hefty dividend even though it is going through the oil headwinds as well.
Similarly, I have split out between the individual stock amounts and the retirement accounts, as the " - R" indicates a Roth IRA dividend (or the furthest column to the right, I must have left the "R"'s off this month). I separate these two, as I like to know what portion of my dividend income is coming from those retirement accounts that I cannot touch until 59.5 (barring any other usage rule I could use). Here, it shows that I received a total of $32.43 or 9.3% of my income from retirement accounts (up from 4% last year) and the other 90.7% was from my individual taxable account portfolio. We all know my "set it and forget it" mentality to keep that retirement income going as well as my new Tax Strategy Part 1, but also pumped to see that I had 8 companies pay me in my taxable individual account. To see my portfolio, one can go to our portfolio summary page.
Dividend income Y-O-Y comparison
Something that I like to do now is attach in prior year's dividend income, which image is copied below, with 2015 first and 2016 to follow.
As you can see, last year I had the special dividend from the acquisition of Kraft and Heinz with 3G Capital that gave an extra $439.55 jolt to last year's income. Removing that from the equation, I earned $301.16 last year vs. $349.11 this year or a $47.95 (15.92%) growth from last year, which is incredible. GlaxoSmithKline (NYSE:GSK) was the only company that paid less of a dividend year-over-year and all else had big jumps, for sure. I would love for this to be over $400, however, next year. Well, I hope that the fact that I recently CRUSHED over $7,000 in projected dividend income helps get me there, that's for sure! So, lucky here.
…Sadly, nothing to report here (in August we'll have some).
Dividend income conclusion & Summary
As I discussed with my NEW updated normal monthly expenditures at the moment, this $349.11 would cover 35% of my average $984 monthly expense for my house, including utilities; this is also down from last year, due to one-time dividend as mentioned above, but believe in the organic growth - it is trending the right way. All of the investing from last year and moves this year show being frugal to save 60% of my income, that every dollar counts, has helped me in achieving lofty goals that I set in place for my 2016 year. What do you guys think of my month of July? Boring? Not as exciting? Is the market boring for us because it is trading at alarming P/E levels, i.e. it is around 25!??! Are you building up the cash ammo or still staying consistent with the dollar cost average? Excited to read everyone's and hope the community had a great month of July! Please leave comments and thoughts below and talk soon. Thank you for coming by, as always!