July is finally here. As I write this on Independence Day, I can’t help but think about what it’s going to be like when I achieve my own financial independence. I took a long trip to visit my mom in one State and to take care of an errand in another State. It took 10 hours of drive time to see my mom, 6 hours to take care of the errand and additional 7 hours to get back home. None of this included time for breaks. So, sufficed to say I had a lot of time on my hands. Amazon must love me now because I listened to several audio books along the way, and they all had to do with dividend income. Right now, I’m just pumped up. But enough stalling, here is my dividend income for June.
June Dividend Income
I received dividends from the following companies
- JNJ ——- $0.88
- MMM —–$1.66
- O ———- $2.41
- XOM —– $11.94
That brings the total dividends for June 2017 to $16.89. Clearly, Exxon Mobile was the star in this month’s report. So, I doubt my July report is going to beat June, but we will see. Since my total dividends earned in May was $2.85, June’s dividend represents a 493% increase from May. I know comparing dividend returns on a month to month basis is not ideal. However, since I only started tracking my dividend income in April of this year, I have no other comparisons I can make at this time. After I receive a year’s worth of dividends, I’ll be able to track on a year-to-year and perhaps quarter-to-quarter basis.
Note, the dividend tracker page has been updated accordingly.
For the second quarter in 2017 (that is, April, May, June), I earned a total of $20.15 in dividends. This represents my first time tracking my dividends for the quarter. Since I didn’t track dividends for the first quarter in 2017, this 2nd quarter report will serve as the starting point for any future quarter comparisons.
New Stock Purchases
I made no new stock purchases in June. I only invested $790 cash into my current holdings, which I strive to achieve on a monthly basis. One outstanding matter is that I am looking to add 5 more stocks to my portfolio. However, I’m not sure if I should focus or expand my portfolio with the bonus I will receive from work. Any suggestion on when is a good time to expand one’s portfolio would be much appreciated.
There you have it. $16.89 for June and $20.15 for the quarter. What were your numbers for June? Do you also track dividends by the quarter? Do you think I should increase my portfolio size to 12 stocks (with Capital One 360) or focus only 6 stocks for the foreseeable future? Let me know in the comments below.