August is officially in the history books and that means it’s time to take stock of how the portfolio did. One of the things that occurred in August was that I finally received my bonus from work. With that bonus, I wrote about how I invested $15,000 into my portfolio. This led to an increase in my position in three companies, namely ABBV, JNJ and XOM, for a total of $2000. Those positions were increased in August because those companies are with Computershare. The remaining $8000 will be invested during the first week in September based on Capital One Investing automatic investing schedule. The other $5000 was used to pay off debt and help family. Those were the highlights in August. Now, let’s see how much dividend income I received in my portfolio.
In August, I received a total of $21.95 in dividend income broken down as follows:
- ABBV – $1.91
- APPL – $2.51
- HRL — $2.28
- O —– $3.12
- PG —- $4.17
- T —— $7.96
Those are a lot of companies that paid me dividends in August. The $21.95 is a respectable figure for the month based on the value of my portfolio. The dividend tracker has been updated accordingly.
Forward Annual Dividend
One of the significant milestones reached in August was that I broke the $300 mark in my forward annual dividend income projection. At the time of this writing, the forward annual dividend is sitting at $309.34. When I started my dividend portfolio blog, the forward annual dividend was $30.13, which is reflected in the logo for the site. I only started focusing on blogging in about the fall of 2016.
Actually, the very first post published on this site was on November 1, 2015. But, it wasn’t until May 2016, that I started blogging more regularly. Even then, I took some time off to concentrate on work, and since the fall of 2016, I’ve been blogging and concentrating on building my portfolio.
It’s tough sometimes starting small. $30.13 in one year is nothing. Well, $309.34 is not nothing, but it’s also not nearly retirement income. But that’s not the point, as I’m not retiring today. So, I will continue to consistently grow my dividend portfolio as much as I can. Financial independence is a wonderful feeling that I can’t wait to experience.
Finally, I expect to crush that amount in September. The $309.34 does not include the $8000 that will be infused into the portfolio next week. So, hopefully, by then I can exceed the $500 mark. The goal for the year is $700. I’ll write more about this in another post.
New Stocks Added
I wrote about this before in my previous post, so I won’t belabor the point. But, in August, I added the following stocks to my dividend portfolio:
I can’t wait until those companies start paying me dividends.
August was a much better month than July. I’m still not at the point where I can do yearly comparisons, but by all indications, I had a solid month.
How did you perform in August? Let me know by commenting below.