Dividend Income Report – July 2022

By | August 1, 2022
dividend income

It’s August 2022 and that means it’s time to go over my dividend income report for July. Unfortunately, I didn’t win the lotto which was over a billion dollars. It was nice dreaming for a couple of days about the possibilities of winning. Then, of course, reality set in. I realized I spent way too much money on lotto tickets. I also realize why they call buying lotto tickets a tax on the poor. Let’s just say I feel very poor right now. That money would have been better spent buying dividend growth stocks. But, there’s no use crying over spilt milk. Despite wasting money on lotto tickets, I took comfort in the fact that my dividend stocks were working for me in the background. So, without further adieu, let’s see how much dividend income I earned in July 2022.

Dividend Income

In July, I earned $18.67 in dividends broken down as follows:

Dividend Income

Slow and steady wins the race. That near $20 was added back into the dividend portfolio to buy more shares. Over time, I will benefit from compounding growth and if I’m doing it right, also ever increasing dividends. Moreover, beginning 2023, or late 2022, I anticipate drastically increasing my minimum contributions to my dividend portfolio. So, this amount will get bigger and bigger as my dividend snowball gets larger and larger.

Annual Income

Here is a graphical representation of the dividends earned in July in relation to dividends earned in previous years:

Here is the raw data:

I made nearly 40% LESS in dividends this July than I did in July of last year. It could be worse. Clearly my dividend portfolio did not move in the direction I would have hoped. But, with consistency and dedication, I fully expect July 2023 to exceed the income generated in July 2022.

Forward Annual Dividends

At the time of this writing, the forward annual dividends is $357.32.  A month ago, my forward annual dividends was $348.43. This represents a healthy 2.55% growth from the previous month. Still, I know that there this is much work to do.

Finally, the Dividend Tracker has been updated.

What Expenses Would Dividends Cover?

Here, I visualize what expenses my annual dividend income could pay for. This is one of my favorite parts of pursuing dividend growth investing.

$357.32 per year is $29.78 dividends per month, on average. At present, I earn enough in dividends to cover Acorns and Amazon Prime.  I cancelled my Hulu Plus subscriptions, but I renewed my Acorns subscription. The next bill I am targeting is Netflix. The total amount needed until I can pay the next bill is $1.34 in dividends.  I hope to cover this bill during the second half of 2022.

The following is a list of expenses I am targeting:

Cancer Update

As you may be aware, I recently disclosed the fact that I got diagnosed with cancer. I don’t provide an update during every monthly report, but usually only when there is something significant to report. Well, I am happy to say that I just finished both chemotherapy and radiation treatment and now it’s just a waiting game to see how well the treatment worked.

The main side effects have been hiccups (for 2-3 days) and generally feeling fatigue. That might not sound bad, but it is. The worst is feeling tired. Basically, I rarely (if ever) feel rested, no matter how long I sleep. But, it is what it is. I’m looking forward to the next step, although that probably won’t come for another month or two. I’ll keep you posted.

Conclusion

I didn’t win the lottery, and that’s ok. My financial future will be secured not by luck, but by discipline. Part of that involves a consistent contribution to my dividend portfolio. My plan is to invest for the long term. I had to liquidate my portfolio to buy a beach condo. My goal is not to do that again – despite the fact that I want to buy a bigger beach condo! Patience is a virtue that’s needed for dividend growth investment. For now, I plan on keep investing and re-investing my dividends for the long haul.

How was July for you? Did you break any records?

Let me know your thoughts by commenting below.

7 thoughts on “Dividend Income Report – July 2022

    1. Dividend Portfolio Post author

      Thanks clotzyng. I hope it’s effective as well.

      Reply
  1. JC

    Ha! I hear you on the lottery but I still had to buy some tickets along the way. Just in case.

    Hopefully the fatigue clears after a few days/weeks and that the treatment works well.

    Even though your dividends are down YoY at least it’s for good reason with the condo purchase. Looking forward to continued updates on that and of course seeing you build your portfolio back up.
    JC recently posted…Leggett & Platt Has A Very Low Bar For Solid Returns $LEGMy Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks JC. I can’t wait to post July numbers on the condo. July will be the best month out of the year (and then it’s downhill from there). Regarding the lotto, I definitely got caught up in lotto fever, but thankfully that only happens rarely.

      Reply
  2. JC

    Ha! I hear you on the lottery but I still had to buy some tickets along the way. Just in case.

    Hopefully the fatigue clears after a few days/weeks and that the treatment works well.

    Even though your dividends are down YoY at least it’s for good reason with the condo purchase. Looking forward to continued updates on that and of course seeing you build your portfolio back up.

    Sorry if this is a repost but had some issues trying to comment.
    JC recently posted…Leggett & Platt Has A Very Low Bar For Solid Returns $LEGMy Profile

    Reply
    1. Dividend Portfolio Post author

      It is a repost, but no worries. I always appreciate the support.

      Reply
  3. Pingback: Dividend Income Report - August 2022 - Dividend Portfolio

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