Bert’s June Dividend Income Summary

June was an odd month for many reasons.  One will become apparent later in the article.  The other reason…it flew by.  In the blink of an eye, it’s July.  Lanny continues to do amazing things on his financial front and I’m doing my best to follow suit.   June had some nice progress.  Let’s review my June Dividend Income Summary.

June Dividend Income Summary

This month, my wife and I received $1,606.58 in dividend income. That is a 38.90% increase compared to last year!  The third month of the quarter is always fun given our mutual fund payouts.  But there were a lot of new dividend growth stocks in my portfolio compared to last here.  Here is a chart providing each individual payment received:

Here are some thoughts and tidbits:

  • First, the mutual fund payouts referenced earlier.  My wife and I started maximizing our 401(k) contributions last year and the results of this strategy are really paying off.   Look at the four largest payouts last month, along with the $40.79 payout from VIIIX from my old employer’s 401(k).
  • The amazing dividend increases announced in 2018 are very apparent in the table above.  We all remember how strong dividend increases were post-tax reform last year.  Look at the increased distributions from MCD, ED, PFE, FE, TROW, etc.  All of the dividend increase show very solid dividend increases compared to last year.  It is just unfortunate that dividend growth has slowed in 2019.
  • We received a lot of dividends from new companies compared to last year.  Looking back, it is crazy to see how many stocks were purchased over the last 12 months.  I’m very fortunate.
  • The Dow/Dupont spin-off provided us with a special cash dividend this month.  The extra payment is nice. However, figuring out the true dividend post spin-off is still more complicated than it should be.

Bert’s Portfolio News and Updates

I mentioned that this was a weird month.  You are about to find out why.  In this section, I highlight additional dividend income earned from dividend increases and stock purchases.  There is one problem though….I didn’t purchase any stocks in June.  It hit me at the end of the month.  We all know that finding value has been difficult as the stock market continues to climb.  Rather than reach for a company, I decided to just sit the market out.  Hopefully I’ll be able to capitalize on some of the companies in my June and July dividend stock watch list.

To add to another layer, we barely added to our 401(k) for a few reasons.  First, the new company I work for has an odd investment option in our portfolio.  Rather than investing in a low-cost index fund; I can invest in a “seperate account” that mirrors a 401(k).  There is not a published dividend rate either.  So while I am adding to an account mimicking the S&P 500, I’m not adding to my forward dividend income with each contributions.  Still, I’m benefitting from the tax savings of making these pre-tax contributions.   My wife’s contributions were down as well due to timing of payments during her maternity leave (that’s a different story for another day).

But at least I received some additional dividends due to dividend increases.   We covered all of these dividend increases in my expected dividend increases article published earlier in July.  Further, the best increase, was the Bank of America dividend increase received at the end of the month.  Post stress-testing this year, the Fed gave the go ahead for bank’s to announce large dividend increases (I wrote about bank dividend increases here).  BAC and others did not waste much time releasing their plan. BAC announced a SWEET 20% dividend increase.  It only resulted in an additional $1.35 per share for me; but I’m not going to complain about any dividend increase.  In total, dividend increases added $12.86 to my forward dividend income.

summary

This was a bittersweet month for me.  I received over $1,600 of dividend income and had a really nice dividend growth rate.  I am fortunate to be in this position.  However, I am a little bummed about the lack of dividend income added during the month.  It is strange not buying a stock for a month.  And I STILL haven’t purchased one in July, either.   I’ve got a lot of work to continue doing and finding time to prioritizing finding investment diamond’s in the rough.  But looking ahead. I’m excited for what the rest of the month has in store for us.  Now, it is time to push forward and continue grinding.

Did you have a strong month of June? How was your June Dividend income summary? Have you had a month where you haven’t purchased a stock before or not add a lot of dividend income?  Do you automate your investin to ensure investment each month?

Bert

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35 thoughts on “Bert’s June Dividend Income Summary

    • Thank you very much Gremlin! You’re right, getting that first dividend from a new purchase is awesome. It is frustrating when it sometimes takes 4-6 months to get the first dividend. But it sure is great when it finally gets there.

      Bert

  1. I am in similar situation with some of the funds in my retirement account ,that do the same as you described and tried to find details,due to lack of time couldnt dig much details.
    Its Nice to get 1600 Dividend in june .

    • Desi,

      There isn’t a lot of detail out there. We are looking into switching 401(k) providers at my work to get some lower cost mutual funds. So I’m excited to be a part of the process and help us select the right provider.

      Bert

  2. I would say that it was a great month Bert, even if you didn’t purchase anything. $1600 is a huge amount, no doubt about that!
    It is getting really hard to find some value in the market these days, as the prices keep climbing. I personally have a few names in mind but would like to wait for some market correction 🙂
    Looking forward to see if you end up buying something this month!
    BI

    • BI,

      Thank you very much. I guess when you think about it, I technically had $1,600 reinvested back into my portfolio, which in turn produced some additional dividend income. Value is very difficult to find. You’re absolutely right. But some companies like OXY, KR, and others present buying opportunities for us. The banking sector isn’t terrible right now either and there is some value there.

      Bert

  3. Massive dividend total on superb YoY growth, Bert. Ten new dividend payers as well? Nice! Throw in a handful of raises and you had it all, except for that noted purchase.
    I went without a purchase the entire first quarter, but things picked up in Q2.
    On my end, I was able to establish a new monthly record. June has been my best month in recent years.

    • I can’t wait to read about your record ED. You have one of my favorite income reports to read each month (and I remember I modelled my report off of yours). Did it feel nice making that first purchase in the second quarter after taking three months off??

      Bert

      • That first purchase felt great after my long drought. The purchase was in April. I scooped up some shares of General Dynamics (GD). That investment is looking good so far.
        Good luck in finding that next investment to bolster your portfolio, Bert. I have a feeling you won’t be sitting on the sidelines too long.

  4. Congrats Bert! Nice job crossing the $1600 mark and achieving 38% plus YOY growth! I hear (and feel) what you are saying about slower dividend growth… And I am waiting for the market to cool a bit before I make new purchases. Still, it is great to see record dividends coming into my account in the meantime. Keep up the great work Bert! 🙂

    • Thanks MDD! It is crazy just how hot this stock market has been. Finding value has not been easy, but not impossible I guess this isn’t the worst time to not have purchased a stock.

      Bert

  5. Good job Bert! And it’s ok to not have made a purchase yet. In fact, it may be for the best because you can buy a larger position. And I don’t know what your fees are for a trade, but for a while I was not making a purchase until I had $1500 or more to maximize a buy for the $7.95 fee (Fidelity). Now that it’s dropped to 4.95, I don’t stick to that as much…

    Cheers,
    John

    • John,

      I can’t wait to unload some capital here shortly. It is going to be great when it does! I may actually be switching to Fidelity here shortly. My trade fees will increase from $3.95 to $4.95 after the promotional period. But that amount won’t be material. The impact isn’t the same as seeing it drop $3 per trade. That’s huge!

      Bert

  6. Hey Bert,

    Incredible growth in your YOY totals and impressive on an absolute basis. I feel your pain in terms of finding deals in the market. I just deployed ~$2k, but don’t feel I found real value in doing so (BAM.A and BIP.UN on the TSE)… I simply wanted to put some cash to work even at elevated prices. Hopefully Mr. Market gives us some opportunities toward the end of the year.

    Take care,
    Ryan

    • Ryan,

      Thank you very much. I appreciate it. I’m sure the market will give us some opportunities. If the investments you made were in great companies, over the long term, any investment price today will seem like a value!

      Bert

  7. Great Job, Bert!
    Your income keeps growing although you haven’t bought anything in June. Fo me, it was also a bit quite on the investing front during the past months. I’ve decided to enlarge my emergency fund.
    However the plan is to hit back soon. Hopefully we can find some interesting opportunities in the near future.
    -SF

  8. Hi Bert
    That‘s a massive passive income in June showing strong YoY growth. Congrats!
    I know exactly what you mean, I try to add some stocks each month but from time to time, it happens that I can’t decide to make an acquisition (e.g. I feel uncomfortable with price levels) or don’t want to reduce my cash pile too fast (e.g. „weak“ savings months with high expenses or some years ago, when I had no job for a couple of months). The beauty of dividend growth investing is that over time, our passive income grows at least 10 % per year, due to dividend hikes and dividend reinvestments alone. Your and my investment portfolio grow stronger and stronger each month even if we don‘t put any additional dollar to work. That‘s powerful. Compound effect, really is an ally and good „friend“ on our path.
    Keep it up and all the best.

  9. Amazing Bert to see your results. It really shows the power of consistent saving, buying and maximizing your assets. Althuloigh you haven’t added any stocks it’s not really due to slacking but it’s been difficult to find some value.

    I’ve made some splurges in May and June but still found it difficult to “get rid of” my last €500 in my investment account. I ended up doubling my CVS position. 🙂 heading towards that illustrious €1000 dividend milestone (post-tax!).

    I haven’t been very active on the blogging front so I just posted my May and June dividend income reports together. Records all around so I’ve been fortunate as well.

  10. You put up strong June numbers. Four digit months are a thing of beauty. So what if you didn’t manage a June purchase. Your portfolio is still rocking along! Keep up the good work.

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