The eventual goal of my dividend growth portfolio is to provide enough passive income to live off of. And while I won’t be relying on it anytime soon, the income it’s currently creating will be used to continue buying even more shares and the wealth snowball will grow even bigger!
I plan to always buy great dividend producing companies and take advantage of the fact that they raise their dividend EVERY year. That’s like getting a raise from each and every company, every…single…year.
In other news, a few things have changed in my life. I recently took a new job that has the option of putting some of my paycheck into a Employee Stock Purchase Plan. I’m still unsure whether or not I want to take advantage of that. Also with the new job, I have the option of rolling my old employer 401k into the new company. Again, I’m unsure what I will be doing with that but thankfully I’m not in a time crunch to get it done.
On to the update…
Summary
- $257.17 in dividends
- Added $1,000 cash to the portfolio
- Added $50.28 to my annual income.
Account Deposits
I added $1,000 to my dividend growth portfolio account. Still not quite where I want it to be in contribution terms, but much better than the $0 months of the past.
Dividend Payouts
Here are the companies that paid me dividends for the month of July:
| KO | Coca Cola | $24.80 |
| EMN | Eastman Chemical | $9.30 |
| MRK | Merck | $11.00 |
| MO | Altria | $59.20 |
| SDIV | Superfund ETF | $13.93 |
| MAIN | Main Street Capital | $11.89 |
| O | Realty Income | $13.14 |
| STWD | Starwood Property | $22.08 |
| CAH | Cardinal Health | $35.12 |
| OZK | Bank OZK | $11.04 |
| CSCO | Cisco | $6.65 |
| GE | General Electric | $0.25 |
| CLDT | Chatham Lodging Trust | $17.05 |
| CPB | Campbell Soup | $21.70 |
| Total: | $257.15 |
Using Google Docs, I keep a running spreadsheet of how much dividend income I receive every month. I think it’s important to realize the growth of your passive income over time. In July 2018, I received $199.84 in dividend income. If we do the math, that means my June dividend income has increased +28.7% compared to the previous year!
Monthly Total: +$257.15
Stock Purchases
I purchased 2 shares of ABBV @ $70.25 and 9 shares @ $67.35.
This adds +$47.08 to my annual income.
I purchased 1 share of MO @ $49.10.
This adds +$3.20 to my annual income
Added Annual Income: +$50.28
Stock Sales
None.
Portfolio News
- Bank OZK declares $0.24/share quarterly dividend, 4.3% increase from prior dividend of $0.23.
- Duke Energy declares $0.945/share quarterly dividend, 1.9% increase from prior dividend of $0.9275.
- Walgreens Boots declares $0.4575/share quarterly dividend, 4% increase from prior dividend of $0.44.
Conclusion
Overall the month of July was decent for my dividend growth portfolio. The portfolio returned $257.15 in dividend payouts and I took tose funds to purchase additional shares of some great companies. I also am back to contributing to my dividend growth portfolio on a monthly basis.
I’m curious what other people think about $ABBV. Feel free to comment down below!