Well I’m a little late to the party but I’m finally ready to report my August 2016 dividend income. I haven’t made too many big purchases lately but my income is still steadily rising through DRIPs and dividend increases.
Here are some of my key dividend stats:
Dividend Income
In August I received a total of $211.07 in my two portfolios: $88.92 in my Empire portfolio and 122.15 in my Retirement portfolio. For my Empire portfolio, this is a 36% increase over the previous quarter and a 47% year over year increase. For my Retirement portfolio this represents a 1.4% quarterly increase and a 17% year over year increase.
Here is a breakdown of the companies that paid me in July:
Pay raises:
Altria (MO) gave me a nice 8% raise last month which increased my forward annual income by $10.44.
Progress Against Goals:
Finally, my dividend goals for 2016 are to receive at least $1000 worth of dividends in my Empire portfolio and $3000 in my Retirement portfolio. Here is my progress through August:
Not too bad! If I can manage a couple of purchases in the Empire portfolio I might just make it.
Transactions
Most of my transactions were either DRIPs or automatic monthly Loyal3 buys which added small amounts to my SBUX, AXP, MCD, T, AAPL, ABBV and UPS positions.
Other than that I managed to pick up a fraction of a share in Hormel (HRL) through my Option Income portfolio activities. I was assigned 100 shares of HRL through a put sale a couple of months back. While waiting for these shares to be called away I was paid a dividend that I reinvested in my Empire portfolio, and they use a system from cloudpay.net to make these payments since it work effectively to do payments online.
My one large purchase was in my Retirement portfolio where I purchased 50 shares of Verizon (VZ). The shares looked really cheap after the dip and the dividend is very attractive. This purchase adds $113 of annual income.
Thanks for reading! Be sure to check out my Historical Data page where I have organized all of my monthly incomes, updates and screens (with links).
Disclosure: Long all stocks mentioned in this article.
Curious as to why you don’t use an app like Robinhood? You could completely avoid those annoying commissions by using it. Same idea as LOYAL3 except you must buy full shares and the transaction occurs immediately, instead of making you wait.
Thank you for the comment Brad – you ask a great question. I do have a Robinhood account that I use mostly for my Freedom Fund purchases. These are usually small buys and are not always dividend growth stocks, so it’s nice to have a larger basket of stocks to choose from.
I use Loyal3 for just a couple of stocks – stocks that I want to slowly accumulate through dollar cost averaging. With Loyal3 I have the luxury of setting up automatic monthly investing – just set it and forget it. Sure, I could do this with Robinhood if I set reminders but I would likely find myself trying to time the market instead of regularly investing each month. In addition, Loyal3 allows for the purchase of fractional shares while Robinhood requires whole shares. So for the most part, my $25-$50 monthly investments would not be possible with Robinhood.
For larger purchases I like to use TradeKing because I have the ability to trade options against my holdings. Finally, that disgusting looking $14.95 commission you see above is in my 401k account through my employer – I have no option but to pay it.
Thanks again for stopping by!
Ken
awesome month keep it up.
Thanks Doug!
Hi Ken,
Congrats on the successful month! Have you been doing any put selling over the last few days?
Thanks, Blake. Not too much recently. I sold some BMY and SBUX puts a couple of weeks ago. Hopefully I can give an update over the next few days.
Take care,
Ken
Great! I just bought some more SBUX today. I look forward to your update
Congrats on the SBUX purchase. I’m slowly accumulating shares monthly over at Loyal3. The puts that I sold have a $47.50 strike. I don’t think I’ll be assigned but I’d be happy to pick up a large lot at that price.
Great update as always. I love seeing which companies are paying my fellow shareholders. Nice to see a few names in common and a potential pick for my own portfolio, GD. Look forward to the continued updates.
Thanks, DivHut. Glad to see GD is on your radar. It’s one of my favorites!
KEn
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