June Dividend Income Report

By | July 5, 2017

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.

2017 Q2 Dividend Income

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.

Conclusion

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.

22 thoughts on “June Dividend Income Report

  1. Buy, Hold Long

    Well done, keep adding to those stocks and this will continue to grow. A good starting point, well done to you! Awesome stuff.
    I hope I can continue to grow my dividend income over many years and hopefully one day live off them. I have a long way to go but month by month I try to improve my future. Thanks for sharing.
    Buy, Hold Long recently posted…Net Worth Update – June 2017My Profile

    Reply
    1. Dividend Portfolio Post author

      Yea, investing for the long haul takes time and patience. That’s why blogging about it helps. It helps to stay motivated and keep going. Plus, the DGI community is great. We both have the same goals BHL. So, good luck to us both!

      Reply
  2. Project2035

    HI DP. Nice start 🙂 Personali I would look at telcos T and VZ they have very good dividend yield. Also take a look at TGT which price declined. GIS, Pfizer. Also ftom tech companies INTC and CSCO looks reasonably priced.

    Reply
    1. Dividend Portfolio Post author

      currently on my watch list are VZ, GIS, PFE and CSCO. Great minds think alike. I already own T. Thanks for stopping by P2035 and thanks for the suggestions.

      Reply
  3. Mr. Robot

    Hi Div.Por, congratulations on your monthly report. A great start of the snowball and I see that you also added $790 of capital to existing holdings. That is a massive amount on a montly base which will grow your passive income really fast.

    I would diversify further into markets/sectors that you currently do not have. I’m looking at VZ (already have T but the ex div date is coming so it could also be worth adding to existing), INTC (looks really attractive at the moment!), TGT (but you know retail). I currently lack exposure to financial / insurance sector so I might go shopping there.
    Mr. Robot recently posted…June 2017 Dividend reportMy Profile

    Reply
    1. Dividend Portfolio Post author

      Appreciate it Mr. Robot. Definitely considering taking the expansion route. That way when I add the 5 stocks I can concentrate on just increasing Portfolio size. That’s not to say I won’t still add stocks but I imagine it would be a rarity to do so.

      Reply
  4. DivHut

    You are doing all the right things by building up your dividend income portfolio over time. Looks like June had real solid blue chip companies paying you which is a great way to build a portfolio. You definitely have a strong base. Keep it up!
    DivHut recently posted…July 2017 Stock ConsiderationsMy Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks Div Hut. Definitely looking forward to make it even stronger.

      Reply
  5. Dividend Daze

    Great starting point for the future. I am always looking for new ways to analyze my data. Start with quarters since it shows the months compounding. Then move to or add the YoY% growth once the data is actually present. Fun seeing such big growth numbers when the portfolio is small, enjoy it. Keep making those quality buys and the rest will fall into place over time. Keep up the good work!
    Dividend Daze recently posted…Recent Buy – General Mills (GIS)My Profile

    Reply
    1. Dividend Portfolio Post author

      Appreciate it Daze. Can’t wait until the next quarter to report on my first quarterly comparison.

      I also like seeing such large percent increases. I realize this will decline as my portfolio balance increases so I’m enjoying it while it lasts.

      Reply
    1. Dividend Portfolio Post author

      I’m sure it’s bound to happen but that’s excellent IH.

      Reply
  6. Duncan's Dividends

    I hit just shy of $850 this past month in dividend income, which is by far my best month outside of December during the year. I have both O and XOM in my portfolio as well and can truly appreciate the power of these dividend champions and growth over time. Keep on trucking!

    Reply
    1. Dividend Portfolio Post author

      Awesome Duncan. It’s nice to see similarity in the portfolios. Congrats on passing $850 last month. That’s huge!!!

      Reply
    1. Dividend Portfolio Post author

      Thanks Stefan. I probably was asleep when I bought the stock. Im not a fan of it’s yield but I do believe it’s a very solid company. I just hated not having it in my portfolio and then one day I just decided otherwise. Totally bad entry criteria but I think it was a good choice.

      Reply
  7. vivianne

    I like all the companies on the list, MMM, O, JNJ and XOM. They are all solid companies that wouldn’t have any problem supplying the dividend in rain or shine market.

    Cheers!

    Reply
    1. Dividend Portfolio Post author

      Thanks Vivianne. Sometimes I hate to admit it but I like those companies too. Reliable streams of ever increasing dividends is what the portfolio is all about.

      Reply
    1. Dividend Portfolio Post author

      Appreciate the advice PCI. A stock in each sector would offer great diversification. I do note that a lot of the stocks I’m interested in are health related but I’ll keep that in mind if and when I decide to expand.

      Reply
    1. Dividend Portfolio Post author

      Thanks Lanny. Definitely plan to keep it going. My work is going to get more stressful and is going to keep me more busy, but blogging helps keep some of the stress away. Blogging helps me to keep focused on the DGI strategy. So that’s the plan. I’ll keep blogging and I’ll keep growing my dividend income.

      Reply

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