Aug 3, 2016

Dividend Income - July 2016

The month of July is over and it's time to report dividend income! First month of a new quarter. These are traditionally my lower income months. Last year in July I managed to collect $96.16. This includes two relatively high yielding dividends from REITs that no longer exist in my portfolio. Additionally July 2015 was the last month when Baxter International (BAX) payed a decent dividend before splitting into two companies. These factors made it difficult to make a large improvement over last year. However, still moving in right direction. Here is the comparison table of July 2015 and 2016 dividends:



CompanySymbolJuly 2015July 2016
Agrium IncAGU.TO5,4611,39
Algonquin Power & UtilitiesAQN.TO5,2010,59
Bank of Nova ScotiaBNS.TO4,7413,68
Baxter International IncBAX10,402,60
Cisco Systems IncCSCO5,2510,92
Coca-Cola Company (The)KO7,268,75
General Electric CoGE9,209,20
Main Street Capital CorpMAIN4,915,40
Medtronic plcMDT03,01
Realty Income CorpO5,326,39
Republic Services IncRSG6,166,60
Rogers Communications IncRCI.B.TO6,729,60
W.P. Carey IncWPC8,5914,7
Biomed Realty TrustBMR9,100
Chambers Street PropertiesCSG5,530
Pengrowth EnergyPGH2,320
TOTAL
$96,16$112,83

This marks 17,3% increase year over year. All right, a good result in these circumstances. MDT is the only new dividend payer compared to last year, and it's clearly lower yielding than BMR, CSG or PGH were. Plus Baxter's dividend check tanked from $10,40 to $2,60. On the other end there was great progress in AGU.TO, AQN.TO, BNS.TO, CSCO and WPC thanks to additional shares bought and dividend raises.

Total dividends during months 1-7 this year: $1,993.23. This is 1,9% increase from last year. So, I'm on the positive side, but not too much. Here are my dividends in a graph. It's great to see that this was my first +$100 July:
My goal this year: $3,200 which is approximately 23% increase from last year's total. Clearly I'm far behind this goal. Still the drop in Nordic dividends is dragging me down. But I continue to do what I can do best: collect the dividends and make reasonable purchases every month. October should be a big month since one of my Nordic investments, Telia, will pay the second half of its yearly dividend.

All these companies should pay again in October. When thinking about additional shares, all these stocks are under consideration. But quite certainly I can say that I will buy more shares of AGU.TO and AQN.TO before next ex-dividend date. I may also start a new position that would have the payment schedule of JAN, APR, JUL and OCT. In that case I would invest less in existing positions and more in that new one.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time AGU.TO, BNS.TO and RCI.B.TO were paid in CAD, and the rest in USD. Additionally all numbers are before taxes. This prevents currency fluctuations and tax hassles from affecting my progress.

Thanks for reading. Dividend Income page has been updated to include July dividends.

Disclosure: Long all stocks which paid dividend to me in July 2016

Image courtesy of punsayaporn at FreeDigitalPhotos.net

4 comments:

  1. Another solid showing for the month of July. Always nice to see year over year growth. Looks like you'll need to pick up some fresh buys in the next month or two to try and make your year end goal for passive income. Thanks for sharing.

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    1. It really looks like I set the goal a bit too high this year. But I do what I can and fresh buys are definitely coming very soon. Thanks for visiting and commenting.

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  2. Great work Lord. Here's to crushing your goal through positive and radical thinking! Some would say I am way behind my goal to (at this point), but DEC is a huge month for me. We'll see what happens!

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    1. You know, last year my goal seemed impossible almost the whole year. But December was huge, and finally I passed my goal by one dollar and eight cents:-) Let's hope for a big DEC this year too for both of us! Thanks for stopping by!

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