Oh man, June has been a hectic month and I have to apologize for the tardiness of this dividend portfolio update. It was a great month for dividend payments as I believe this is the highest payout I’ve ever received!
Let’s dig in.
Summary
- $350.37 in dividends
- Added $3,400 to the portfolio this month
- Added $202.03 to my annual income.
- Sold 1 position.
Account Deposits
As usual, I automatically pull out $200 per paycheck with automatic deposit and at the end of the month I throw whatever is left into the account. I also decided to add an additional $3,000 into the account.
$200 + $200 +$3,000 = +$3,400
Dividend Payouts
Here are the companies that paid me dividends this month:
| $12.80 | PSX |
| $5.44 | PFE |
| $30.00 | F |
| $15.51 | ENB |
| $2.10 | V |
| $26.40 | SO |
| $12.56 | IBM |
| $27.90 | TGT |
| $6.72 | CVX |
| $17.22 | XOM |
| $9.00 | JNJ |
| $4.00 | WBA |
| $13.50 | SDIV |
| $12.73 | O |
| $3.04 | MAIN |
| $26.70 | DUK |
| $19.80 | FLO |
| $4.40 | MAIN |
| $11.40 | GILD |
| $32.20 | TROW |
| $39.90 | ARCC |
| $17.05 | CLDT |
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 2017, I received $328.00 in dividend income. If we do the math, that means my June dividend income has increased a +6% compared to the previous year.
Monthly Total: +$350.37
Stock Purchases
I bought quite a few things this month.
- 24 shares of CPB@ $33.08
I continue adding to this consumer staple stock. It currently has a 3.3% yield. This adds +$33.60 to my annual income. - 29 shares of CAH@ $52.85
Cardinal Health has been paying increasing annual dividends for 21 years and is currently yielding 3.8%. This adds +$55.39 to my annual income. - 15 shares of JNJ @ $121.85
I’ve been buying consumer staples like candy lately. This adds +$54.00 to my annual income - 41 shares of SBUX @ $51.21
Starbucks stock took a big hit in June so I decided to start a position. They currently yield 2.8% and have a 5-year DGR of 23%. This adds +$59.04 to my annual income.
Total = +202.03 to my annual income
Stock Sells
- 20 shares of TROW@ $125.00
I sold some shares of TROW after the stock skyrocketed 78%. The stock has since dropped and is around $118. While I do love the stock, I’ll wait to buy any additional shares on a big drop. This reduces my annual income by -$56.00.
Portfolio News
None.
Conclusion
In the month of June, I continued to grow my dividend portfolio with good companies. Please feel free to check out my new portfolio and dividend champion screener pages.
Thanks again for reading my Dividend Portfolio Update for June 2018! Until next time!
Do you have a specific allocation to each sector you try to target or do you mostly buy stocks that are on sale?
Joel,
I tend to mostly buy stocks that are on sale. I’ve begun to look a little more at allocation recently but stocks on sale entice me much more. Thanks for reading!
Looks like you had a solid month Noob. Interesting money management strategy to automatically invest money from your paycheck and then putting whatever is left over at the end of the month towards your investments. I do automatic investing from my paycheck, but usually, whatever is left at the end of the month gets carried over and used the next month.
I like the diversification of companies that paid you dividends. In fact, more companies paid you dividends than I have in my entire portfolio. But, we do share some of the companies. Looking forward to following your progress Noob.
Thanks so much DP! The main reason I tend to go ahead and move left over money to my dividend portfolio is because it lowers the likelihood that I’ll spend it. Out of sight, out of mind!