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!
Great analysis
Your analysis on dividend is highly appreciated.
These days many investors with less risk are taking favor by dividend paying stocks as they offer steady income flow. Let us take a look at two of such stocks trading on the Australian Securities Exchange.
Scarlett,
I fully agree with your statement that investors are starting to favor dividend paying stocks. In a turbulent market, blue chip stocks have proven to not only continue paying their dividends but also rebound quite nicely with the market.