Dividend Update – July 2017
Seems it was only a week or so ago when I posted my dividend income from June. It has already been a whole month since then. Can’t believe how fast this year is going by. Need to enjoy the nice weather more while it is still around. Nothing really anything exciting happened this month, but from a dividend perspective, there are some outstanding growth percentages. Let’s dive into the numbers!
CINF – $6.63
KO – $12.90
CAH – $5.09
O – $2.12
July dividends, add up to $42.20 which represents a 93.6% increase from last year where I made $21.80. Here are some charts to show comparison and progress but you can see the full dividend income breakdown here.
This was a great month as far as growth in concerned, even though the number isn’t super high yet. Still building up the portfolio. I was shooting for a $50 month, but I came very close. What factors played in the increase?
Dividend growth and compounding is always the first reason this keeps growing! As long as everything stays constant and no dividend cuts that is. Next, I did not own two of these stocks last year. I initiated a position with CAH earlier this year. This is actually the first month it has paid out for me so I am excited about that. Lastly, I picked up some O stock a few months ago as well. It is not a huge position but at least it compounds monthly. This is only the second month it has paid out so far.
Below is a quick glance at the yearly breakdown. As you can see, I am only $100 off of my total dividend income from last year. I should be able to break this within the next two months. Then I will have one quarter left to really push for my goal of $800 at the end of the year. I am very happy with this month and my progress. Still have plenty of year left to make some more gains toward my goals.
How did your portfolio perform in July? Did anyone else get any huge growth numbers? Have you beaten last year’s income yet? Comments are always welcome below.