Dividend Portfolio Update for June 2019

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!

Summertime is now upon us and while the weather outside is getting hotter and hotter, the goal of my dividend investment portfolio remains the same. 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.

As for the status of my other finances: It’s still in the process of being rebuilt and stabilized. My main goal for the next 2-3 months is to rebuild my emergency fund back to its previous levels. In my case that’s around $15k. We’re almost there but still have a few paychecks to go. Anyways, on to the portfolio update!

Summary

  • $433.00 in dividends
  • Added $0 cash to the portfolio
  • Added $55.64 to my annual income.

Dividend Portfolio June 2019

Account Deposits
I was unable to add any additional funds to the portfolio. All purchases came from dividend payouts this month.

Dividend Payouts
Here are the companies that paid me dividends for the month of June:

F Ford Motor $49.65
PSX Phillips 66 $14.40
V Visa $2.50
SO Southern $27.28
PFE Pfizer $5.76
IBM IBM $37.26
TGT Target $28.80
XOM Exxon Mobile $24.36
CVX Chevron $7.14
JNJ Johnson and Johnson $23.75
MMM 3M $27.36
WBA Walgreens $8.80
SDIV Superfund ETF $14.47
O Realty Inc $13.11
MAIN Mainstreet Capital $11.60
DUK Duke Energy $28.75
Main Mainstreet Capital $14.50
GILD Gilead $12.60
CLDT Chatham Lodging Trust $17.05
TROW T Rowe Price $19.76
ARCC Ares Capital $42.00
ARCC Ares Capital $2.10
Total: $433.00

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 June 2018, I received $350.37 in dividend income. If we do the math, that means my June dividend income has increased +23.6% compared to the previous year!

Monthly Total: +$433.00

Stock Purchases
I purchased 5 shares of ABBV @ $78.30, 5 shares @ $69.52, and 3 shares at $71.50.

AbbieVie has been going through some tough times lately. Their international exclusivity expired on their main drug Humira and there has been recent news that they were in the process of buying Allergan (AGN), who also lost exclusivity with their own drug Restasis. Times may be tough, but I think this was a good time to start adding more to my position.

Stock Sales
None.

Portfolio News

  • Realty Income declares $0.2265/share monthly dividend, 0.2% increase from prior dividend of $0.226.
  • Target declares $0.66/share quarterly dividend, 3.1% increase from prior dividend of $0.64.

Conclusion
Overall the month of June was decent for my dividend growth portfolio. The portfolio returned a staggering $433 in dividend payouts and I believe I can start adding additional funds into it next month.

I’m curious what other people think about $ABBV. Feel free to comment down below!

 

Dividend Portfolio Update for May 2019

I have to start off this post with a big apology to all the readers. I’ve been absent for WAY TOO LONG. Personal stuff happened to come up in my life and I had to divert the funds that I was putting into the dividend portfolio. I’m slowly starting to get back into it now. This months update will be a little light on the content but I did manage to purchase one new addition to the portfolio and add more to an existing position. Let’s get back to work.

Summary

  • $341.14 in dividends
  • Added $400 to the portfolio
  • Added $94.80 to my annual income.

Not the normal snapshot that I normally give on my portfolio updates but I’m about 11 days late on this so this will have to do! The month of May was basically a down month but has since rebounded in the beginning of June.

Account Deposits
Like usual, $200 comes out of each paycheck with automatic deposit and at the end of the month, I throw whatever is left into the account. Due to the personal reasons, I was unable to add anything extra to it.

$200 +$200 = +$400

Dividend Payouts
Here are the companies that paid me dividends for the month of May:

T AT&T $77.01
VZ Verizon $24.70
GIS General Mills $33.32
CVS CVS $27.50
LOW Lowes $4.32
SDIV Global X SuperDividend ETF $14.47
ABBV AbbVie $22.47
PG Proctor and Gamble $23.87
O Realty Income $13.11
MAIN Main Street Capital $11.60
AAPL Apple $15.40
WRK WestRock $27.76
PZZA Papa Johns $5.40
SBUX Starbucks $15.48
WSM Williams Sonoma $7.68
CLDT Chatham Lodging Trust $17.05
  Total: $341.14

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 May 2018, I received $182.25 in dividend income. If we do the math, that means my May dividend income has increased a whopping +87% compared to the previous year!

Monthly Total: +$341.14

Stock Purchases
I purchased 5 shares of MMM @ $178.45 and 5 more @ $167.00

3M is very attractive at their current levels. It’s currently sitting at a 3.4% yield. I’m hoping to add even more if I can wrangle the funds for it. This adds +$57.60 to my annual income.

I purchased 10 shares of EMN @ $71.25 and 5 shares @$68.45.

Eastman Chemicals is a Basic Materials company that manufactures chemicals for products in the coatings, tires, consumables, building and construction and industrial applications. Yep, this is a boring style stock. Nothing glamorous in this one. Jason Fieber, one of the inspirations for me picking up dividend stocks, mentioned it on his Twitter and I had to check it out.  It currently yields 3.4% with a 5-year DGR of 13%. This adds +$37.20 to my annual income.

Total : +$94.80 to my annual income.

Stock Sells
None.

Conclusion
So it was a pretty good month for my dividend portfolio. While I was away, my dividend producing stocks continued to make me passive income. I, in turn, took that passive income to purchase even more shares. I did purchase a few additional stocks over the last few absent months. I went ahead and updated my overall portfolio to reflect it’s current state. Please feel free to check out the portfolio page.

Feel free to comment down below if you find any good plays out there for the dividend growth investors? I would love to see what the community is interested in.

Thanks again for reading my Dividend Portfolio Update for May 2019! Until next time!

Dividend Portfolio Update for January 2019

Oh my, what a month it’s been. The United States saw the end of the longest government shutdown that went on for 35-days! Being a government contractor, I was worried it might affect me, but I’m happy to say that I came out relatively unscathed.

There were quite a few companies in my portfolio announcing earnings this month. Some good, and some bad. As a long term dividend growth investor I don’t worry too much about today’s earnings. As long as the growth is still happening on a long term basis, I know that my dividend portfolio is set to continue creating sustaining dividend income.

Let’s get into it.

Continue reading “Dividend Portfolio Update for January 2019”

Dividend Portfolio Update for December 2018

By far the worst month in my history of investing or at least active investing wise. My portfolio dropped a staggering 9.3%, which equates to almost $8.5k in value. Am I worried? Not at all. Markets go up and markets go down all the time. As a long term dividend growth investor, I see these dips in the market as buying opportunities. Too bad the dip occurred in one of my most busy spending months of the year.

Oh well, I don’t plan on retiring just yet so I’m sure they’re will be more opportunities in the future. On to the update!

Continue reading “Dividend Portfolio Update for December 2018”

Dividend Portfolio Update for November 2018

First off, I want to say Happy Holidays to everybody out there. The next two months will be very busy and I just want everybody to have a great holiday!

In other news, Robinhood had some issues this month when they changed over to using their own Clearing House. This apparently stopped dividends from being paid out for over a week. While it didn’t really impact me that much (or at least enough for me to care), a lot of people were unhappy with it. And I can side with the people on this one. When a company decides to make a major change like that, the least they could do is actually test and make sure it doesn’t break anything. But everything is fixed now, and all the dividend payments I had pending are now safely in my portfolio account.

Let’s get to the good stuff now.

Continue reading “Dividend Portfolio Update for November 2018”