It feels good to step off the sidelines and buy a stock considering the market has been on a tear for the last few months. Slowly and surely, I was stashing cash aside waiting for the right opportunity to strike. On this day, I received a message from Lanny in the morning that was short and to the point. “Target…may be time to buy.” I had just woke up at this time (I was in a timezone two hours behind), but I knew that message meant that something big happened with Target’s stock that caused the price to drop. When I read the text, I didn’t realize it, but Target was falling after their most recent earnings release. The time was right, so let’s see I decided to purchase additional shares of Target this week.
After coming off the highs of our June dividend income summary, we now get to report on the lowly first month of the quarter now that July has come to a close. Last month, I was able to post a 56% annual growth rate, and a lot of that had to do with the purchases I had in the first half of the year. Some how, some way, all those purchases seemed to pay a dividend in the third month of the quarter! I’m not expecting those kind of results here, so let’s see how I performed during the month and if I was able to defeat Lanny’s dividend growth rate during July. Here is my July dividend income summary!