Jun 10, 2017

Dividend Income - May 2017

All right, while the month of June is well underway already, let's take a look back. In May 2016 I was able to collect $134.95. Since then Deere & Co (DE), HCP Inc (HCP) and Textainer Group Holdings (TGH) have left my portfolio. Thus are no longer contributing to my passive income. But, CVS Health Corporation (CVS), Emera Inc (EMA.TO) and Welltower Inc (HCN) have arrived to replace those positions. A little bit more changes than I would like, but that's the situation this month. In total 12 companies paid dividend to me this month. Here is the comparison table of May 2016 and 2017 dividends:

CompanySymbolMay 2016May 2017
Abbott LaboratoriesABT11,7115,37
CVS Health CorporationCVS09,00
Emera IncEMA.TO013,59
General Mills IncGIS10,1213,44
Main Street Capital CorpMAIN5,405,55
Omega Healthcare InvestorsOHI18,5623,31
ONEOK IncOKE11,0711,68
Procter & Gamble CoPG12,0514,48
Realty Income CorpO6,377,39
Royal Bank of CanadaRY.TO14,5817,40
Welltower IncHCN011,31
Deere & Co DE7,200
HCP IncHCP17,250
Textainer Group HoldingsTGH5,280

All right, so the total this May was $160.16. This means 18,7% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so I just fell short of that target. In the times of March-April I was using a bit less fresh capital, and I guess it shows here. Luckily it's not a big miss though. I should be able to compensate it during the following months.

Good progress with ABT, GIS, OHI thanks to dividend raises and additional shares bought. And of course CVS, EMA.TO and HCN as new investments compared to last year. AT&T as a high yield telecom  continues to be important income producer too. Here are my dividends in a graph:

Total dividends during months 1-5 this year: $1887.78. This is 9,7% increase from last year. Once again the month of April shook things off the balance a bit, but recovery has begun. My goal for this year: $3,300. This would be approximately 16% increase to 2016's income. So, I need to tighten the pace during rest of the year.

All these companies should pay again in August. Before next ex-dividend date I'm currently looking to buy additional shares at least in CVS, EMA.TO, GIS, PG and HCN.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time EMA.TO and RY.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 May dividends.

Disclosure: Long all stocks that paid dividend in May 2017.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

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