The transition to my new job is in full swing. My financial plan for the year is taking a break or is otherwise on hold. I am working on finding a place to live. Then, I will purchase a new car. I was going to buy a used vehicle but I caved. I’ll disclose what kind of car I buy later. There is a lot going on both at work and in my personal life, which you will hear more about in the upcoming Progress Report. But, despite my busy schedule, my dividends in July were hard at work for me. Day in and day out, the dividend snowball keeps rising and growing and constantly getting bigger. Let’s see how much dividends I received in July.
Dividend Income
In July, I received a total of $42.32 in dividends broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | CSCO | Cisco | $11.34 |
| 2 | KMB | Kimberly Clark | $8.10 |
| 3 | KO | Coca-Cola | $14.45 |
| 4 | O | Realty Income | $8.43 |
| $42.32 |
This was the first time that I received dividends from Kimberly Clark. That’s great because I think that CSCO, KO, and O were getting a little lonely. I don’t purchase stocks based on the dividend payment schedule, but it would be nice to beef up off months like July. Still, I’m happy to receive nearly $50 in dividends for the month.
The Dividend Tracker has been updated accordingly.
Annual Comparison
Below is a graphical representation of my dividends this year as compared to last year.
For clarity, here is the raw data:
| MONTH | 2017 | 2018 | Rate |
| April | $0.41 | $31.47 | 7575.61% |
| May | $2.85 | $79.33 | 2683.51% |
| June | $16.89 | $98.51 | 483.24% |
| July | $5.99 | $42.32 | 606.51% |
That’s an incredible amount of growth from last year. Again, I’m sure that as the months go by, the growth rate will decline, but I’ll enjoy it while it lasts. Because my financial situation has somewhat drastically changed, I may have to limit or potentially increase my contributions to my dividend portfolio, which will affect the bottom line. But, as I work out those details, I will report on those numbers. In the meantime, I will just enjoy the awesome DGI growth rate from last year.
Forward Annual Dividends
At the time of this writing, my forward annual dividend is $1,069.33. Importantly, last month, it was $1,033.67. This represents an increase of $35.66 or 3.33% in my forward annual dividend income. Unfortunately, this didn’t beat Buy Hold Long’s challenge of 4.24% but I’m still happy with the results anyway. I added more than $1 for every day in July towards my forward annual dividends.
The transition to M1 Finance is complete. I am still getting used to their way of investing, but so far so good.
Conclusion
I am happy to see July over with. But, I am still very much transitioning into my new position at work. I still need to find a place to live, buy a new car, and figure out what my income and expenses are going to be. I will likely also upgrade my phone and possibly hire a personal trainer. Oh my gosh. Money, money, money! But, while I figure things out, I know that my dividend portfolio will be right there working for me in the background.
How was July for you? Break any records? Let me know your thoughts by commenting below.
Fantastic work. You’ve added more than a dollar a day for the month of July towards your forward dividend income. That’s fantastic.
Keep up the excellent work and I hope the transition of work and a new car works out well for you.
Cheers
I hope it works out as well BHL. We will see.
Solid month, particularly considering all of the changes you’re going through away from the investments. That’s one of the great things about DGI that you’ll continue earning those dividends and reinvesting to keep the machine moving.
July was a quiet month for me too, but I did make some nice additions to the portfolio. Trying to keep adding as much capital as I can each month. I’ll be writing up my recap tomorrow.
DivvyDad recently posted…Talking Dividends on Twitter
Looking forward to reading your recap DivvyDad. Adding as much capital as you can is key. Dividend growth by itself is great, but it also helps if you can help those dividends out by contributing capital.
Congratulations on the growth, you’re really onto something here!
I love following people who are pursuing financial independence. Thank you so much for sharing your story, I’m sure I will learn something from your experiences.
July was another record month for me. I started my journey towards financial independence 3 years ago, hoping to be able to retire within 5 years. To my own surprise, I’m actually on track to pull it off. I didn’t go the traditional stocks and bonds route so maybe you can learn something from me as well.
I’m looking forward to future updates from you!
Welcome FF, and I’m glad you’re on track to meeting your goals towards FI. Sometimes it pays off not to go the traditional route, but we each have to take our paths to get to where we want to be. It seems like a big part of your strategy is mastering your savings rate which is something I recently discovered and am working on improving. Thanks for visiting the site and I hope to follow your journey as well.
Nice group of stocks paying you DP. We are fishing from the same pond, all four paid me too. Tom
Tom @ Dividends Diversify recently posted…Chubb – What’s Up With These Small Dividend Increases?
Great minds think alike, as they say, Tom. Sounds like I must be doing something right.
Nice jumps from 2017 – The graph really puts it into perspective. Is it too late to talk you out of that new car payment???
brian @ singledadmoney recently posted…Net Worth Update – JULY 2018 – $26,500 (+$1,446)
Not yet. I will either purchase the car today and/or tomorrow. But, I’ll provide my justifications for why I choose a new car in an upcoming blog post.
Hi DP,
Congrats and good luck on your new job!
Great growth rate of your dividends year on year, amazing numbers! 🙂
I also received dividends from CSCO and O this month, they look more lonely than in your portfolio 😀
-BI
BrokeInvestor recently posted…July 2018 Summary
Hopefully, they won’t be lonely for too much longer, but at least they got each other :).
That dividend chart really shows off the terrific YoY growth you’ve had, DP. Solid progress, as usual.
It’s great that you can continue to feed your dividend portfolio despite the other competing priorities you’ve got. It can certainly be a challenge.
That’s a strong group of payers for July – I share O with you.
I’m looking forward to hear more about the new job and the new car. Take care.
Engineering Dividends recently posted…Portfolio Thoughts (July 2018)
ED, just bought the new car today. I’m not sure if I will be able to maintain the minimum contribution to my portfolio going forward. Both the car and an apartment I wanted to rent are more expensive than previously thought. We will see.
Nicely done DP! I only got paid from 4 companies as well lol. It is an “off” month, but still a good month. Keep up the great work DP! 🙂
My Dividend Dynasty recently posted…July 2018 Dividend Income
Thanks MDD. You too, btw. You’re portfolio is awesome.
Nice job man, I’m in the same boat. New job across the country, new apartment, and purchase a used car. So my expense been really high. Hopefully next month I can start investing again and I should be pretty stable on my expense.
I know what you mean. It might take a couple of months for me to get back into the swing of things. Can’t wait.
Nice dividends DP. The dividend increases are starting to become normal. This is to be expected as your portfolio grows. Congrats on the huge increase.
dividendgeek recently posted…Self-sustaining portfolio?
Thanks Geek. Totally expected but always welcome to see those increases.
Nice work. You basically tied me this month. I almost broke the $50 mark but just shy. We should both hit that next year. And happy to be a fellow shareholder with you on 3/4 of those companies that paid for you.
Breaking the $50 mark would be great. Once you break that milestone, it will be onto the next.
Hey DP, you seem to be juggling a lot of balls at the same time. Good to see your portfolio is a stable factor and working hard for you. We share csco, kmb and o this month. Personal record for me as well this month!
Mr. Robot recently posted…July 2018 Dividend Report
Congrats on the personal record Mr. Robot, and you’re right. I am juggling a lot. I’ll be talking about that in my next post which I hope to publish shortly.