Aug 12, 2017

Dividend Income - July 2017

All right, another month of 2017 in the books, so it's time to see how it went. In July 2016 I was able to collect $112.83. Wow, that looks rather low number now. Definitely looking to improve from there. All companies that paid me one year back are still in my portfolio paying dividends, which is a great situation. Additionally there are two new companies compared to last year. These are Kimberly-Clark Corporation (KMB) and Xcel Energy Inc (XEL). In total 15 companies paid dividend to me this month. Here is the comparison table of July 2016 and 2017 dividends:


CompanySymbolJuly 2016July 2017
Agrium IncAGU.TO11,3913,62
Algonquin Power & UtilitiesAQN.TO10,5916,31
Bank of Nova ScotiaBNS.TO13,6816,72
Baxter International IncBAX2,603,20
Cisco Systems IncCSCO10,9214,21
Coca-Cola Company (The)KO8,7511,84
General Electric CoGE9,2010,08
Kimberly-Clark CorpKMB06,79
Main Street Capital CorpMAIN5,405,55
Medtronic plcMDT3,016,44
Realty Income CorpO6,397,82
Republic Services IncRSG6,607,68
Rogers Communications IncRCI.B.TO9,609,60
W.P. Carey IncWPC14,717,00
Xcel Energy IncXEL012,24
TOTAL
$112,83$159,10

All right, so the total this July was $159.10. This means 41% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so this time the growth was double that! Obviously very good result.

Great progress with AQN.TO and MDT thanks to dividend raises and additional shares bought. And of course KMB and XEL as new investments compared to last year. WPC as a high yield REIT continues to be important income producer too. Here are my dividends in a graph:

Total dividends during months 1-7 this year: $2250.89 This is 12,9% increase from last year. My goal for this year: $3,300. This would be approximately 16% increase to 2016's income. So, I'm still behind goal, but gaining nicely now every month. I think I will reach the goal in December, but it's going to be a close call.

I needed only 7 months to beat dividend income of whole year 2014. Looks like I need a couple months more to beat 2015. All these companies should pay again in October. Before next ex-dividend date I'm currently looking to buy additional shares at AQN.TO, BNS.TO, KMB, MDT and XEL.

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 that paid dividend in July 2017

Image courtesy of Maxim Weise at FreeDigitalPhotos.net

No comments:

Post a Comment