Happy Independence Day. Half the year is officially gone. The fourth of July is upon us and I can’t wait to get some much needed rest and relaxation. The past few weeks have been very busy and so I will be taking a vacation. Additionally, Covid-19 restrictions have eased and so I’ll be traveling to several destinations within the United States to relax. Whether I am working hard at work or taking a vacation, my dividends are always there working hard in the background. It’s not the perfect investment strategy, but I firmly believe that it’s worthwhile. My dividends grow on an annual basis, and every month, I earn more dividends which buys more stocks that pays me even more dividends. You got to love compound interest. In other words, every dividend counts. So without further adieu, lets dive in to see how much dividends I earned in June 2021.
Dividend Income
In June, I earned $66.08 in dividends broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | ED | Consolidated Edison | $6.41 |
| 2 | EMR | Emerson Electric | $3.43 |
| 3 | GWW | W.W. Granger | $2.99 |
| 4 | IBM | Intern. Bus. Machines | $7.25 |
| 5 | JNJ | Johnson & Johnson | $5.07 |
| 6 | LMT | Lockheed Martin | $4.34 |
| 7 | MCD | McDonalds | $4.56 |
| 8 | MMM | 3M Company | $5.90 |
| 9 | MSFT | Microsoft | $1.49 |
| 10 | O | Realty Income | $2.93 |
| 11 | PEP | Pepsico | $6.09 |
| 12 | PFE | Pfizer | $6.24 |
| 13 | XOM | Exxon Mobile | $9.38 |
| $66.08 |
Wow. 13 companies paid me $66.08 in dividends. Slowly but surely, I am on my way to crossing 3 figures in dividend income for the month. I will continue to build my portfolio one dividend at a time.
Annual Income
Here is a graphical representation of the dividends earned in June in relation to the dividends earned in previous years:
Here is the raw data:
| MONTH | 2017 | 2018 | 2019 | 2020 | 2021 | Rate |
| January | $0.00 | $14.93 | $37.54 | $2.22 | $18.18 | 718.92% |
| February | $0.00 | $77.66 | $141.16 | $7.49 | $22.94 | 206.28% |
| March | $0.00 | $72.93 | $136.45 | $78.68 | $63.35 | -19.48% |
| April | $0.41 | $31.47 | $55.39 | $0.33 | $24.85 | 7430.30% |
| May | $2.85 | $79.33 | $142.69 | $2.23 | $33.69 | 1410.76% |
| June | $16.89 | $98.51 | $160.47 | $10.29 | $66.08 | 542.18% |
| July | $5.99 | $42.32 | $59.68 | $6.67 | ||
| August | $21.95 | $108.44 | $147.73 | $9.72 | ||
| September | $28.72 | $111.15 | $151.66 | $30.19 | ||
| October | $23.21 | $48.09 | $3.00 | $11.46 | ||
| November | $62.11 | $124.92 | $7.18 | $15.84 | ||
| December | $76.51 | $140.24 | $116.51 | $47.57 |
Wow. My dividend portfolio is rebuilding quite nicely. I am up over 540% from last year. Still, I am no where close to what my portfolio was in 2019. But every little bit counts, and, as mentioned, I will continue to rebuild one dividend at a time. It’s only a matter of time before the dividends earned in June will exceed that of 2019!
Forward Annual Dividends
At the time of this writing, the forward annual dividends is $574.18. A month ago, my forward annual dividends was $523.42. This represents a 10% increase from the previous month. I’ll take it.
I anticipate a slower growth rate for the next couple of months, as I try to figure out how to deal with increased expenses. Although it’s cool buying a house to live in, it’s also more expensive. Not only will I have the mortgage, but I will have utilities and yard maintenance. So, as the saying goes, the struggle is real. I’ll keep you posted.
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.
$574.18 per year is $47.85 dividends per month, on average. At present, I earn enough in dividends to cover Acorns, Hulu Plus, Amazon Prime and Netflix. The next bill I am targeting is my student loans. That amount is $19.59 per month. The total amount needed until I can pay the next bill is $10.85 in dividends. With any luck, hopefully I can cover this bill by the end of the year.
The following is a list of expenses I am targeting:
Conclusion
We are half-way through the year. There are many investment opportunities, and the Dividend Growth Investing (DGI) strategy is one of them. Every month, I try to maintain a minimum level of contribution in order to grow my dividend portfolio. Although the growth is slow from month-to-month, over the long haul, the growth has a compounding effect. The DGI strategy is not for everyone, but I’ve determined that it is for me. If you look into it, you may find it is for you as well.
How was June for you? Did you break any milestones? Let me know by commenting below.
Wow this is accelerating quick, by this time next year you’ll be knocking against 2019’s income totals.
Shhhh. Don’t jinx it!
Nice month DP! It is great to see such large YOY growth rates. You starting off the 2nd half of the year strong. Keep up the great work! 🙂
My Dividend Dynasty recently posted…June 2021 Dividend Income
Thanks buddy. I’m hoping to finish the year strong!
Great to see you rebuilding that portfolio and the dividend stream back up. June was great for our dividends with over $1,200 from our taxable accounts and over $1,700 from all of our accounts. We’ve still got a long ways to go on our journey but we keep moving forward.
JC recently posted…Dividend Update – June 2021
JC, thanks as always for stopping by. Forward is definitely the direction we want to be moving in. Sounds like you really had a great month in June.
Very Nice work!
In your portfolio, the only thing missing is the basic cost of shares 😎
Greatings from Portugal
Fair point Ricardo. The good news is that my brokerage tracks the cost basis, so I should be good during tax time.
Thanks for the informative post. The way you narrated the post is good and understandable. After reading this post I learned some new things. Keep posting. Please let me know for the upcoming posts.
Intraday Screener recently posted…Option Strategy Builder
Glad you liked to IS.