Dividend Update: July 2017

It’s time for my favorite type of post: a tally of the dividends I received in the prior month. Given my strategy of DGI, it is really the dividend payouts that I care about. For each of the companies I invest in, I like to see a steady and growing stream of dividend payouts.

So how did I do in July?

Last month 10 companies sent me a dividend payout, adding up to a total of $229.

Receiving – on average – almost $300 a month is great – and I expect to cross the $300 line by September of this year.

It’s pretty amazing how fast my dividends have grown. After all, I am only in my third year of investing and we are already talking >$3,000 per year in received dividends.

With these growing monthly dividend payouts, I am now certain to attain my goal of receiving 3,000 in dividend payments this year.

The following table shows the tickers of the companies that made a July 2017 dividend payout to my portfolio. It features the dividend amount I received and any change in payout as compared to the last payout moment.

 

Three companies – out of the 10 featured in the table above – decided to increase their dividend payouts to me.

W.P. Carey (WPChad a very modest dividend increase, but it brought my quarterly payout to a nicely rounded number.

Cardinal Health (CAH) provided a decent 3% increase this time. The company took a recent hit in share price, piquing my interest in adding more.

The Bank of Nova Scotia (BNSdid not increase their dividend this quarter, but I benefited from an improved exchange rate between the Canadian and US Dollar.

Comparing the dividend payout of July 2016 to July 2017 (below) shows an increase from $157 to $229- YoY growth of 46%.

Dividends July 2017

How was your July and its dividend?  Leave a comment/reply to share your thoughts!

6 thoughts on “Dividend Update: July 2017”

  1. Nice update! I love WPC and have held it for many years. CSCO is the only other stock I own from your list. I don’t buy any REITs that pay less than 5% dividend given that dividend is taxed at ordinary rate.

    1. IH. I am happy to take any dividend increase! $300 in dividends each month should be reached by September, while next year it should be the monthly average. Snowball is picking up pace!

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