Dividend Portfolio Update for July 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!

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.
Captured the image late so it’s not accurate but close enough.

 

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!

 

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