After coming off the highs of our June dividend income summary, we now get to report on the lowly first month of the quarter now that July has come to a close. Last month, I was able to post a 56% annual growth rate, and a lot of that had to do with the purchases I had in the first half of the year. Some how, some way, all those purchases seemed to pay a dividend in the third month of the quarter! I’m not expecting those kind of results here, so let’s see how I performed during the month and if I was able to defeat Lanny’s dividend growth rate during July. Here is my July dividend income summary!
July dividend income summary
Compared to July 2015, my dividend income fell by 85%! WOAH! In July, I received $103.82 in dividend income Well, if you all recall, last year at this time we received our special dividend from the Kraft-Heinz merger, which put a lot of cash in the hands of Kraft shareholders. I know that was an awesome surprise/boost for me. Since that was only one-time income though, I thought I should remove it to get a true year over year comparison of income I anticipate to receive on a recurring basis. After removing the special Kraft dividend, my adjusted annual dividend growth rate compared to last year was 2.97%. That is definitely less than the 56% growth rate I experienced in June and even worse that it is significantly less than Lanny’s 16% YOY dividend growth rate. I’ll graciously accept my defeat and tell myself that I will best Lanny in August! However, Lanny is crushing it with his new tax strategy that will making catching him pretty tough. Great month and that is one heck of a raise to receive from your passive investments.
This is usually the point where I tell you about the new stocks I received dividend income from or any big increases I received from stocks this month compared to last July. However, I just don’t have anything new to report that would have impacted this month. My last purchase, Target, pays a dividend in the 3rd month of the quarter. So September will receive a nice bump, but that doesn’t help me here in July. And as you can see in the table above, I didn’t really receive any significant dividend increases from my dividend stocks. Kraft-Heinz announced a modest increase compared to last year, but it definitely wasn’t anything to write home about. So for now, I’ll settle on receive a small increase due to the power of dividend re-investment. That’s one of the things I love about DRIPing, your income slowly and steadily increases with each dividend check received. Without that, this month may have shown a dividend income decrease!
dividend Increase
Much like Lanny, there is nothing to report here. I did not receive any dividend increases in July.
Summary
Boring, boring, and more boring here. This month, there really wasn’t much going on with my portfolio. I didn’t buy a stock as the market has continued to soar either, so I am just sitting patiently on the sidelines waiting for my next opportunity to strike. All I know is that when the market does fall and I get the chance to pick up a great dividend stock at a discount, I am going to run through that door and add some income to my portfolio! I still have some progress to make with my 2016 goals though, so I want some opportunities to arrive sooner rather than later. I can’t wait to start reading everyone’s income reports and beginning to compile our July dividend income summary article. Let’s see if the community could be Lanny and me!
How were your months of July? Did you experience a small growth rate like I did? If so, are you concerned at all about it? What stocks are you waiting to pounce on when the market pulls back?
Bert