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.
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!
Good job. Nice YOY you will have enough to live off sooner rather than later. Love ABBV I definitely buy the dips and hopefully that will pay off lol. I don’t expect as large dividend growth till they pay off the debt if this acquisition goes through but that’s ok it’s setting them up nicely for the future. Keep it up.
Thanks Doug. I agree with you and I’m in the group that thinks it will pay off in the long term. It’ll be interesting to see the type of dividend growth (if any) there will be after the acquisition. Thanks for reading!