Now that the hot month of July is coming to a close here in a few days, it’s time to reflect on the past month production from purchases and decisions you make within your investment portfolio. The production being… DIVIDENDS. You make decisions based on your analysis to purchase a stock (at least for our scenarios) to receive projected/estimated/declared future dividends. July was another solid month, let’s see if I crossed the triple digits this month:
July: I received a total of $105.88 of dividends broken out by the following:
This wasn’t too bad of a month. One of my stocks Total (TOT), oil and gas company, actually paid in the month of June, as described in my biggest dividend month ever post, where I usually see it in July. As you can see from the chart, I received approximately $103.85 in dividend income during July 2013, so a $2.03 jump isn’t something to run home about, BUT, last year had Total’s dividend income in July. However, based on my dividend portfolio, about $106 as of right now is projected for next year.
I am happy to cross the $100 mark, however, which I am 5/7 so far this year. This doesn’t cover many monthly expenditures that I have – but does cover all my utility bills, as those are very low (Internet, Water, Electric, Gas, Sewage). Obviously the goal is to cover further expenditures with dividend income to break free from the rat race.
This month marks the last time I will receive a check from an individual who has lived in my house for the last 2.5 years. Therefore, the drop in cash inflow will be declining — but I do not expect this to have an impact to my investment purchasing – but just that much more prudent with the current lifestyle.
Positives this Month: My Canadian Bank – Canadian Imperial (CM) increased their dividend From $0.98 to $1.00, their second increase this year. DivHut also showed that this is a Century Canadian Stock, where they have paid dividends for 100+ years… amazing. Kinder Morgan (KMI) increased their dividend from $0.42 to $0.43 – for their second dividend increase as well this year. So that will add a little uptick to the dividend stream, not too much, but still moving in the right direction and it’s interesting seeing these companies continue to increase them, not just every year, but more often during the year. Interesting.
Year to date – $1,891.80 in dividends received, which is an average of $270.25 per month – not too shabby! I have actually eclipsed my 2013 total by $19.30… and we still have 5 months to go. So very fortunate and thankful. Thank you to all you readers as well that continue to push the diplomats further and further. I know Bert has been making moves on his portfolio with his automatic purchases this month, his watch list and his own dividend goals. His portfolio is blossoming and there’s nothing but big things for him to come.
How is everyone’s month for dividend income, investment summaries, etc., coming along? Still on track for your goals? Any new investments on the horizon? Thanks for stopping by, have a great weekend and God bless!