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.
| Ticker | Dividends Received | Dividend per Share Change |
|---|---|---|
| HASI | $16.50 | |
| WPC | $70.00 | 0.50% |
| EQR | $10.08 | |
| STAG | $5.83 | |
| LHO | $31.50 | |
| CAH | $11.56 | 3.01% |
| CSCO | $29.00 | |
| DIS | $19.50 | |
| BNS | $24.27 | 8.25% |
| CLDT | $11.00 |
Three companies - out of the 10 featured in the table above - decided to increase their dividend payouts to me.
W.P. Carey (WPC) had 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 (BNS) did 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- a YoY growth of 46%.
How was your July and its dividend? Leave a comment/reply to share your thoughts!
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.
Thanks. I love WPC too, one of the cornerstones of my portfolio. Would like to add more on a drop and round out my position to a nice round number of a 100. Thanks for stopping by!
3 out of 10 dividend increase. Gotta like that. Congrats on averaging $300 a month.
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!
Congrats on a good month and great YOY growth. Having built a portfolio providing you with usd 3000 annually is a great achievement, keep up the good work.
Cheers
Thank you FS! Ain’t gonna stop anytime soon!