Lanny’s July Dividend Income

We are in the heat of summer, which means it’s time to cool down, take a deep breath and see what fruit the month has grown for us in terms of dividend income!  Not usually the biggest month of dividends, but there were a few “big” things going on this month that led this to an extremely awesome and record-breaking month of income, one that is going to be very, very hard to beat!  Well, enough of the mysterious writing about what happened in this monster month of receiving dividend income – let’s go and take a look at the dollars!

dividend income

Dividend Income

This month, I received a total of $740.71.  Whoa… This was only $104 less than my monster month of June.  Talk about massive dividend income – in two months receiving essentially $1,600 approximately isn’t anything at all to look away from – holy crap is my gut reaction.  However, I know that this will not be long lived, see the results from where it came from below:

dividend income

 

As you can see – I received a whopping $439.55 from Kraft in a one-time special dividend of $16.50 per share, after the company was taken by 3G Capital to form the new entity of Kraft Heinz (KHC).  I am not complaining at all, and the dividend income (which was not allowed to be reinvested) was able to help me purchase Norfolk Southern this month.  What’s interesting – no value has been lost when the company was taken over to create the new public company in KHC, and in fact – I received the standard month end dividend that was to be Kraft, but instead by KHC – aka, no change there!

Similarly, I have split out between the individual stock amounts and the retirement accounts, as the ” – R” indicates a Roth IRA dividend (or the furthest column to the right, I forgot the “R” on O).  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 $29.17 or 4% of my income from retirement accounts and the other 96% was from my individual taxable account portfolio.  A soft month for retirement income, don’t really mind if it’s a high or low month, but ultimately would like my dividend income for the retirement accounts to be a set it and forget it mentality.  To see my portfolio – one can go to our portfolio summary page.

Comparison

Now, I look back at 2014 July’s total.  The total then was $105.88.  From a pure percentage stand point, a growth rate of 627%  – well… I am not sure that is going to be a growth rate I can keep – shock factor – it won’t be.  If I can simply match my current total next year, that would be an incredible feat on it’s own, Kraft… really making it hard on me right now to beat this month next time.  I can’t complain about it, but I really hate taking that step back.  Possibly with new purchases, new dividend reinvestment and dividend growth – I can do this!  11 different companies paid me this month, compared to only 5 last month aka – I have more little guys handing me a check.  Best factor – every company that paid last year during this time has a higher amount this year’s July aka – that’s what it’s all about.  Ah… the father of time that actually works in your favor.   

Dividend Income Increases

Nothing wild happened here.  Norfolk I thought was to increase their dividend this quarter but they did not, not a happy camper there.  KMI continued their increase, by raising 1 penny, as they reach towards the $0.50 per quarter amount that was their goal last year to do for 2015.  No significant impact this month in this section, therefore, I will pass on any further writing in this section for this month at the time.  Better luck in August?

Conclusion & Summary

As I discussed back then with my normal monthly expenditures at the moment, this $740 would cover 78.5% of my average $942 monthly expense for my house, including utilities.  Again, though I’ll try to not make it as such, given my recent purchase into DOW and Canadian Imperial (as they pay in July), this month was high due to the one-time special dividend discussed above.  This covers the majority of my house, property tax and insurance payment for the month, but I have a big road to climb if this will be the minimum I’ll accept in dividend income for this month going forward… good thing my emotions are high, all of the time.  All of the investing from last year and moves this year, show being frugal to save 60% of my income help me in achieving lofty goals that I set in place for my 2015 year.  I am looking forward to August, as an old-new one of my best friends is returning to our firm from a brief chapter in his career path.  Thankful and happy to reflect on this month from all of the hardwork.  How did your July month’s go?  Did you crush your goals?  Did you beat last year’s?  Anything unusual happy?  Please share!  Thanks everyone

-Lanny

Facebooktwittergoogle_plusredditpinterestlinkedinmail

22 thoughts on “Lanny’s July Dividend Income

  1. Great month Lanny. Gotta love that special dividend from Kraft! What a way to parlay your June success. With just the last two months, you have $1,600 extra to re-invest and grow your forward dividends! So happy for your current success. Keep up the good work.

    Best wishes and continued success my friend! AFFJ

    • AFFJ,

      Thank you – I do love that special dividend, that’s for sure. It is wild thinking that $1,600 was essentially reinvested to produce more forward looking dividends, damn lucky over here. Appreciate it and we are all doing great work, lets keep it up!

      -Lanny

    • Stalflare,

      Thank you for coming by! It was a whopper of a dividend, that’s for sure. One time only though for Kraft, but am forward thinking in that, I’ll have quite a few purchases between now and July to hopefully not take a step back for the month’s total! Appreciate the comment.

      -Lanny

  2. Awesome Lanny. What a great month. Every month receiving our precious dividends is just a blessing. I hope your savouring the moment and give yourself a pat on the back for your hard work. One day at a time and one purchase at a time bud. Your future self will thank you. Take care and thanks for sharing this journey with us. I love it!

    • Hustler,

      It was a very nice month, that one time dividend was big for me – especially when I was looking to have fresh capital to invest. I appreciate the kind words and motivation. I am about $755 away from my forward dividend income goal for the year – so plenty of work to do on that front, I’ll get there though, I have to! Thanks again DH, talk soon.

      -Lanny

  3. Lanny,

    Gotta love that special dividend. Fantastic stuff! 🙂

    The last two months’ dividends add up to a stock purchase, even before you add fresh capital. Looks like that snowball is rolling along nicely now.

    Keep it up!

    Cheers.

    • Mantra,

      The one time special dividend couldn’t have came at a better time, that’s for sure. Helped fuel a nice purchase for me and then the new company of KHC was formed and still receiving that dividend is a great thing from them, I feel they will be quite a cash cow going forward.

      $1,600 in dividends from two months is easily a stock purchase, you hit that on the head. The best part is the snowball is taking care of it on it’s own and that was exactly the goal years ago – I know you can understand that one for sure.

      Thanks again Mantra, hope the weekend is going well, talk soon.

      -Lanny

    • Dear Div,

      Feels great – it was weird though because a lot came in early in the month and then it was quite back loaded, so there definitely was some waiting for dividends to roll in – but when it’s the amount that I received – I’m OK with that haha. Thanks again for coming by DD, talk soon.

      -Lanny

  4. Great month, Lanny.

    Over £1600 in tow months is pretty impressive indeed! Even with the unusual Kraft payout it should do you well. After all, you can use that $400+ to invest in new companies to help replace the lost income for the future.

    Keep up the good work!

    • Drive,

      Thanks for stopping by – I exactly did just that – reinvested those dividends into a new stock purchase. But I didn’t lose any dividend income – as Kraft became KHC (Kraft Heinz) and they still pay their regular dividend. AKA the big special dividend was just icing on the cake for shareholders – very lucky!!

      -Lanny

    • Divocrcedff,

      Thank you for the comment – pumped you were able to benefit from Kraft as well – I appreciate the motivational words about beating July next year again, I need to stock pile some more snow!

      -Lanny

  5. Wow, you only have $150k and you projected to get $6k in dividend compare to my $200k and project of $3.5k. You are doing a lot of things right over here.

    Congrats on the special dividend, got to love he DRIPs, before you know it, with the dividend reinvestment you can get way more shares and add more companies. 🙂

    • Vivianne,

      Thank you! Yep, just north of $155K actually (almost 156), overall yield is around 3.85% ish at the moment. Looks like your portfolio yields you approximately a smidge below what the S&P 500 is yielding, thoughts on increasing that or buying foundation stocks like JNJ?

      Thanks for the special dividend – it definitely helped fuel a purchase during the month. I am gearing up, as well, for a blockbuster August, excited! Thanks again Viv, talk soon.

      -Lanny

  6. Gotta love the special dividend that created a big jump. I agree, that kind of growth rate will be very challenging to repeat, especially now you’re hitting over $700. Keep up the great work Lanny.

    • Tawcan,

      Thank you – and I would have to strongly agree – love that monster special dividend… wouldn’t mind having one of those every month to be honest. Actually, I am even more pumped about kraft heinz, as I hope they become a dividend cash cow, my gut says they will be.

      Next July will be very challenging, for sure. All i can hope is to buy companies that are undervalued and if that means they pay a dividend in July, then so be it, and if not – then so be it, eh? haha. All about the journey!

      -Lanny

  7. An absolutely suberb month!! The KRFT dividend was huge, I am a bit jealous. And it appears that investment will only get better with BRK cutting extra costs and such. Great job!

    My income wont nearly be that much but I’m not complaining. Any money you make without working is a great day. My post will be up eventually.

    ADD

    • ADD,

      Appreciate the kind words – the dividend was definitely a jolt to the month and I needed it! I agree – the investment has continued already to get better. Excited for the company for sure.

      I’m excited for your post ADD, I’ll be on the lookout when it arrives, keep it up, we’re all in this together in some way or fashion.

      -Lanny

Leave a Reply

Your email address will not be published. Required fields are marked *