Lanny’s July Dividend Income Summary

We are in the thick of summer everyone!  Are the dividends coming in hot and heavy?  We will have to see my article below.  The market has been volatile lately, as well as dividend increases.  Let’s see my July Dividend Income results below.

Dividend Income

I received a total of $571.18 of dividend income in July.  A record July baby and getting closer to $1k for an off month!  Additionally, my wife earned $87.24 this month and I am still debating on how to incorporate that into the analysis, which I don’t mind this problem, right?  Therefore, combined, we earned almost $660 for the month!

Further, 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.

See – Tax Strategy – Part 3 to Reduce Taxes & Increase Investment.

The dividend reinvestment adds quite a bang to the portfolio, as well.  As you saw from my recent post in July, dividend increases added almost $200 for the year through June!.

See – The Impact of Dividend Increases through June of 2019

Here is the breakdown of dividend income for the month of July!

Specifically, big dividends from the oil tycoon – Total (TOT) and tobacco, with Philip Morris (PM).

In addition, a pitiful dividend from Tupperware (TUP) and they’ve been a drag on the portfolio.  I would like to see more dividends cross $30, which Cisco (CSCO) and Illinois Tool Works (ITW) should get there within the net few payouts.

Here, it shows that I received a total of $78.43 (up from $49.08 last year) or 13% of my income from retirement accounts and the other 87% was from my individual taxable account portfolio.  This % for retirement accounts increased by 1% from last year, with Iron Mountain (RIM, with offsets due to Leggett & Platt (LEG), Occidental Petroleum (OXY) and Illinois Tool Works (ITW), to name a few.

See – Maximizing your Roth for 10 Years… Then Set It & Forget It!

Dividend Income Year over Year Comparison

2018:

2019:

As you can see, a few differences here, year over year.  First, 2019’s list is larger, no doubt.  I made significant purchases in OXY and ITW, as you can see.  Lastly, it’s nice to see an increase from TOT and GSK.

Outside of that, dividend increases and reinvestment.  Armanino Foods (AMNF) has been the fun one, which we did a review on them and LEG back on Seeking Alpha.

See – AMNF Analysis and LEG Analysis.

In total, this June was higher by $166.27 or 41%.  At this rate, $805 for next year?  Let’s get it!  Goal set.

Dividend Increases

Delta (DAL) continued to not disappoint, with an incredible 15% increase announced.

What was amazing, even with a massive acquisition announced of Anadarko (APC), Occidental (OXY) still announced a dividend increase.  Though small, this was a dividend increase, nonetheless.

Lastly, big Norfolk (NSC) rocked the house with a 9.30% dividend increase, pumping that dividend higher by $12 more going forward.

Overall, $27.48 added would require an investment of $785 at 3.50% yield, in order to produce that result.

Dividend Income Conclusion & Summary

The name of the game is to apply what you learn through financial education.  The next steps are to maximize every dollar for investment opportunities and live a balanced life.  My plan is to show that dividend income can be a revenue engine.  A revenue engine that can allow you to take back control of your life.  Dividend investing, once you learn the right way, becomes easier and starts to make quite a bit of sense!

There is a nice adjustment to my most recent monthly expenditures article.  My property taxes increased by 14%.  Therefore, my new average is $1,040 per month  Therefore, my current dividend income would cover 55% of that amount.  This isn’t including my wife’s income she earned, which would only help in the equation.  In other words, there is work to be done here.

Accordingly, if I keep the same growth rate up, could I hit over $800 going forward?  I want $1,000.  Seems like a steep challenge.  I’ll strive for that figure, no doubt, and if I don’t reach that, I’ll be close at least!  Further, 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.

Luckily, there are 5 months left in 2019!  Dividend reinvesting, dividend increases and the power of time is occurring.  I can taste it, one month closer baby!  Financial Freedom, Financial Independence, insert your freedom phrase here, awaits!  Please share your thoughts, questions and feedback below!  Excited to read how everyone did this month, as well.  Thank you again, good luck and happy investing!

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25 thoughts on “Lanny’s July Dividend Income Summary

  1. What a month, especially for July, Lanny! I wish I had more payers in the first month of the quarter. I shouldn’t do this but I am looking for companies paying in these months when looking for stocks now 😀
    I received dividend from O, CSCO and ITW and I can see that you have all of them in your portfolio.
    Looking forward for you to cross the $1k mark on one of those months!
    BI

    • BI –

      Those 3 are incredible; big dividend players no doubt and O will have an increase in a few weeks/start of September.

      I know what it was like trying to find the dividend payers in the off-month. You’ll realize that in the end, what you average per month is what counts : ) However, if you do find an undervalued stock and they just so happen to pay in July, October, etc.. then heck yeah!

      -Lanny

    • BHL –

      I love compounding and knowing, just by way of math, what will happen with time and consistency. It’s a weird feeling seeing what you thought could happen 5 years ago, is actually happening right now… crazy!

      -Lanny

  2. CM, PM and TOT really delivered for you in July, Lanny. Over half your total from those three.
    Love that impressive YoY growth. A couple more years at that rate and $1k will be yours!
    I only share ITW, IRM and O with you this month… so many ways to collect that dividend income. Keep adding those wonderful companies to your portfolio.

  3. Lanny,

    Congrats on 41% YOY growth on such a nice base of dividends already. Great month for what’s typically among the community’s weakest few months of the year!

  4. Just combine the totals with your wife. You are one household. It’s going to be OK 🙂 Congrats on the record July. Big oil did its part for you I see. My wife used to hold TOT a while back but sold it. Now she has a huge BP position. Funny, how I never bought into any big oil but she did. I used to only own some of the pipelines way back. Great update. 5 more months to go!

    • DH –

      Thanks for the comment. I will, I will. I think for our one year (October), we will start duly tracking it, to be able to compare apples to apples i.e. year over year results.

      The big oil still continues to pump out cash. Loving it.

      -Lanny

    • Doug –

      Appreciate the comment! Pumped to get to that milestone. Every $30-$50 add from a purchase makes a huge impact. Every move made gets you further, baby steps turn into big steps eventually.

      -Lanny

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