July 2016 Dividend Income

July was just another average month for me.  I’ve been having a hard time pulling the trigger on stock purchases.  I have cash on hand but I have this strong feeling that the market will crash at some point.

I’ve been wrong so far – the market just keeps going up!  I’m planning on nibbling a little bit this month by making a few small purchases.  Clearly I need to do something because my dividend growth is suffering.

As you will see below my Empire dividends actually decreased year over year coming in at just $40.70 for the month of July.  My Retirement portfolio, however, continues to grow at a nice, rapid pace.

Here are some of my key dividend stats:

July Key Dividend Stats

 

Dividend Income

In July I received a total of $167.76 in my two portfolios: $40.70 in my Empire portfolio and 127.06 in my Retirement portfolio.

For the Empire portfolio, this was a small $0.70 increase over April 2016 and is actually a $2.79 decrease year over year.  The good news is that this decrease wasn’t a dividend cut.  My Coca Cola (KO) position increased in value quite a bit since my initial purchase.  I felt a bit overweight in the company and decided to sell off some of the shares.

My Retirement portfolio increased by about $5 compared to April and a cool $73.15 year over year.  This increase was mostly new purchases with a few dividend increases mixed in.

July Dividend Income by Month

 

Here is a breakdown of the companies that paid me in July:

July Dividends Received

July isn’t a really exciting month for me with just 4 companies paying me in my Empire portfolio and 6 paying me in my Retirement portfolio.  Dividend reinvestments increased my forward annual income by $1.75.

Pay raises:

Only two small raises last month that gained me another $10.92 annual income.  Better than nothing…

July Dividend Increases

Forward Income Progress:

My forward income progress has slowed to a crawl.  Waiting for a drop in the market isn’t helping.  Hopefully I can take some time this month to find some bargains out there and boost my income.

July Forward Annual Income Progress

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 July:

July Dividend Progress Against Goals

My Retirement portfolio goal shouldn’t be a problem this year.  Unfortunately, as I’ve mentioned several times, Empire needs some work.

Thanks for reading!  I hope everyone had a great July and best of luck to you in August.  I will post my July purchases, updates on my other portfolios and a breakdown of my option income strategy later this month so stay tuned.

Also 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.

You may also like...

4 Responses

  1. DivHut says:

    Great dividends rolling in from some really solid companies. Even if July was just ‘average’ it’s still better than receiving nothing. Like many, we are all finding tough places to deploy our fresh capital. It’s OK. There will surely be better buying opps down the road. Thanks for sharing.

    • Dividend Empire Dividend Empire says:

      Thanks DivHut. It’s definitely better than nothing. I just hate to see my year over year totals decreasing. At this stage of my dividend growth investing career these numbers should be close to doubling (like my retirement portfolio). On the bright side I have cash on hand and I’m ready to rock when the opportunity presents itself.

      Take care,

      en

  2. Nice work Ken!

    $167 is sweet for a down month!

    In your other article, you mentioned you’ve been waiting for the market conditions to sour a bit before you make any substantial buys. I’ve also been running into that same psychological “don’t buy when the market is crazy high” complex. I came to the solution as you, but I’m still having a difficult time finding decently undervalued stocks that I want to own.

    • Dividend Empire Dividend Empire says:

      Thanks, Blake! It’s tough out there right now. I’m itching to buy but it just doesn’t feel right. I think maybe I’ll just make a few small buys adding to my core positions this month.

      Take care,

      Ken

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge