Lanny’s July Dividend Income Summary

Okay, now we are SEVEN months down for the year, with five left to go.  The weather has been more moderate, lately, with substantial rain fall.  What else is coming down?  It’s raining dividends baby!  This was an overall “quiet” month from an alarming number of dividend payers, but the income was still nice to see, regardless.  Let’s grab that cup of coffee and see my July results!

Dividend Income

I received a total of $404.91 of dividend income in July.  This, though not as substantial as other months, was the best July I’ve ever had.  This makes sense, due to all of the increases, investment and reinvestment that occurs throughout the year.  Outside of that, everything went smooth, with dividends coming and being reinvested.  The 401(k), Health Savings Account (HSA) and all dividends are automatically invested/reinvested and helps take the emotion out of timing & making a decision.  Also, to find out why I max out my 401(k) and HSA – please refer to the 3rd part of my tax series, as that describes the magnitude of benefits to increase the amount you can invest due to reduction in taxes.  Here is the breakdown of dividend income for the month of July!

In total, I had 10 different companies that paid me during the month of July.  You’ll see the differences from a year over year perspective below, as this was 9.24% higher than last July.  The big ticket here is Philip Morris (PM) and I really felt their more than average dividend increase already.  Further, Total (TOT) was another big hitter this month.  On the “R”/retirement account side of things, Realty Income (O) and Medical Properties (MPW) keep doing their thing, which is fine by me!  Also, my first time receiving Armanino (AMNF) occurred this month.

Similarly, I have split out between the individual stock amounts and the retirement accounts, as the ” – R” indicates a retirement account dividend (or the furthest column to the right).  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 $49.08 (up from $36.00 last year) or 12% of my income from retirement accounts and the other 88% was from my individual taxable account portfolio.  Additionally, this shows from retirement accounts that I’m all ready for my set it and forget it mentality to keep that income going.  To see my portfolio – one can go to our portfolio summary page.

Dividend Income Year over Year Comparison

2017: 

2018: 

So what do these pictures tell us?  Well, Dow and DuPont merged to form DWDP, which is on a different cycle for dividend payments.  I purchased Armanino earlier this year, and I received my first dividend from them.  Further, I had additional investments into Realty Income (O), which caused the big spike there; as well as Cisco (CSCO).  However, for all of the other entities, the increases came from dividends being reinvested and dividend increases.  The DWDP change up really made things interesting, as with that, the overall growth would have been better.  However, an extra $34 compared to last year is solid.

Dividend Increases

A month wouldn’t be a month without high quality companies increasing their dividend!  See the small chart below for the details on the dividend increases announced this month that are holdings in my portfolio.

Whoa.  Two MASSIVE dividend increases occurred in July.  First, Delta (DAL) came in swinging with an “almost” 15% dividend increase.  I actually expected a little higher, but I am actually okay with this increase.  This will allow for further dividend increases to continue to grow in the double digit arena.  The big story is Norfolk Southern (NSC) with their SECOND dividend increase announcement this year!  Year over year, their dividend is now 31% higher, in total, versus what they were paying last year.  In order for me to add $17.56 to my dividend income, I would have to invest $502 at 3.50%!

Dividend Income Conclusion & Summary

The name of the game is to learn and act in the right manner, using what you have learned.  The plan is to maximize every dollar for investment opportunities and live a balanced life.  My hope is my dividend income, shown above, shows the community that one can use dividend income as a revenue engine to take back control of your life.  Dividend investing, once you learn the right way, becomes easier to do and starts to make quite a bit of sense!

As I discussed in my normal monthly expenditures articlethis dividend income would cover 41% of my average $984 monthly expense, which includes the mortgage, property taxes, insurance and utilities.  This would almost cover the principal and interest on the mortgage or, without a doubt, all of my utilities.  In similar fashion –  all of the investing from last year and moves this year, shows that my aim to save 60% of my income, and making every dollar count, has allowed promising results already this year.

Are you making every dollar count, everyone?  Anything above that prompts any further questions from you?  The July month was solid, and though it wasn’t as significant, from a growth standpoint, versus last year – that just fuels the motivation to be better, save more and invest more often.  As always, I am excited to read the comments and thank you, the community, for stopping by; as you are helping me on my journey to financial freedom!

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43 thoughts on “Lanny’s July Dividend Income Summary

    • Freedom –

      Means the world hearing we are keeping you going. You’re doing awesome and your name says it all. Further, TOT has been a stronghold in my portfolio for YEARS and the cash flows keeps on coming from them : ) No complaints!

      -Lanny

  1. Awesome stuff Lanny! The first month of each quarter is always a bit of a let down after the bags of money being thrown my way in the last month, but I’m still more than happy to sit back and collect those dividends. Over $400 for July is a solid start to 3Q. Keep it up down the home stretch of 2018.

    • JC –

      Thank you and that it is. I enjoy these quarters more, as there is so much more to think about/see/evaluate, as there’s less companies and more time to evaluate what’s going into the dividend account, haha! I say that, but all those dividends are reinvested : )

      -Lanny

  2. Nicely done Lanny! Surpassing $400+ in what is typically a quiet month is quite impressive. Out of your holdings, I only have one in common and that was just added to my portfolio at the end of July–O. Just goes to show how well the methodology works as long as you’re picking solid companies, and that payout from PM is quite nice!

    • DivvyDad –

      Thank you very much, a quiet month, yet – grateful. O is just awesome, just fricken awesome; love the quarterly increases and monthly reinvestment; just awesome. PM is a beast, haha.

      -Lanny

  3. Congrats on your best July ever! We both had a similar amount of dividends this July. Only like a $24 difference. lol. We share MPW, GSK, and O as well. Great companies! Keep up the great work Lanny! 😀

  4. Dividend rain is the best kind of rain! Keep up the solid work by making every dollar count. Love seeing your results every month especially with that juicy PM return. Keep doing what you’re doing.

    • Kody –

      Thank you and nice – not too many people with GSK, so glad that you own them as well. Talk about a tough dividend to follow/track/create an expectation, haha. Enjoy the divvies!

      -Lanny

  5. Hi Lanny,
    Congrats on a new record for July! Great job at increasing those dividends even though DOW moved to another month.
    I remember being skeptical about your DAL purchase (I think it was last year) but I can see that it’s paying off as they increased their dividend, so great job on that as well!
    I received dividends from two companies during July and you have both of them – CSCO and O 🙂
    Thanks for keeping us motivated
    -BI

    • BI –

      Thank you very much, and exactly – DOW really had to do that, huh? haha.

      Thanks about the comment on DAL – solid divvy increase of 15% almost, but could have been more. I’m okay with it, as long as they continue to protect the growth going forward. And HELL yeah on CSCO and O – great payers. O is just something sweet, right?

      -Lanny

  6. Great stuff Lanny, July is a slow month but you crushed it! Love the dividends of PM and it was really tough to me not to add below $80 recently. Nice solid increase YoY! Are you having a lot of work with the French dividend tax, or did you fill out a form once and now it’s settled? Keep up the grind, save a lot, side hustle and INVEST!

    DI

    • DutchI –

      PM was really nice and the dividend increase they had this year was better than expected. With the foreign tax on TOT – I receive a credit come tax time, dollar for dollar baby!

      -Lanny

      PS – Grind, Save, Hustle, Invest. Let’s get it.

  7. What an awesome month still despite you not being as high as usual. You brought in over $400 which puts a serious dent into covering month to month house hold expenses. It was nice seeing your YOY growth also and I don’t think anyone could be mad about such a great increase. PM and TOT are really heavy hitters in your portfolio! Keep up the great work.

    • Diligent –

      Gracias! I know, it’s an off month but over $400 is sick, think about all that anyone could do with that? I wish I had a 20%+ growth that I’ve been seeing amongst the community and even compared to other months, better luck for me next quarter, right? They are heavy, which I should probably look to reduce that exposure… haha by investing more into others!!

      -Lanny

  8. Good job. Looks like you are making every dollar count especially with those dividend increases.
    I was looking at AMNF a while ago but not to sure how to do limit orders. Now Merrill edge has a couple I have to do limit orders on so I need to learn lol.

    Getting 2 dividend increases from a company like NSC is awesome.
    Keep it up.

    • Doug –

      Of course – for those “thinly” traded stocks – I would input the “ask” price or the higher one, as the limit price. That’ll ensure it triggers. Does that make sense?

      -Lanny

  9. Lanny, You have freekin’ made my day. I was seriously not aware of the 2nd dividend increase by NSC. If you are like me, you may find these mental lapses become more frequent once you pass 30 years old. 🙂 I must go update my dividend spreadsheet most promptly. I’d love to stay and chat, but gotta go. Tom

    • Tom –

      HELL YAH!!!! And actually – Bert called me up to tell me about that second divvy. The out of no where dividend increases are FRICKEN AWESOME! Aren’t they?

      Enjoy those divvies, talk soon.

      -Lanny

  10. This is inspiration because my goal is to hit $400 in a month. It’s great to be able to see the growth over time. For you to do this in a slow month as July is truly awesome!

  11. Congratulations on the outstanding month Lanny! Been watching TUP as a potential buy! what are your thoughts on this one for a long term investment? Great dividend income! I cannot wait until I reach these numbers

    • drDiv –

      With TUP – their metrics are surprisingly okay, but it’s in such a free-fall, that I’m not sure what I “don’t know” you know? The yield seems to be a bit “too sweet”, as I would have already added more. It’s a very small position for me, but it’s been on my radar the last few strong months, as I’m not sure what they’ll look like going forward. It’s very interesting.

      -Lanny

  12. Great to see those two 11%+ raises, Lanny… and really great for one of them to be the 2nd for the year. I had 3 companies raise for a 2nd time in 2018 this past month (FAST, BLK & UNP). It’s raining alright… raining dividend raises!
    Solid progress as usual, Lanny. $400+ is tremendous. Keep on keepin’ on.

  13. Lanny, great results again. Even though an off month, it’s still almost my yearly total 😉 We share Cisco and O this month.

    I had a record month in despite being on vacation, so that’s just friggin cool.

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