July is now behind me, and the month wasn't as kind to me as June was in terms of dividends...but that's ok. June was abnormally large due to a large part of my portfolio all paying out at once. I'm a patient investor and I have a steady hand. I'm ready to do whatever it takes to continue my journey through high and low markets. As I said before, my dividends are pretty small potatoes compared to other investors distributions but this blog is basically a journal from start to finish. It will be fun to look back on posts like this and see where it all started.
July 2011 Dividends Received
- Coca-Cola (KO) - $9.40
- Altria (MO) - $19.76
- Philip Morris (PM) - $22.40
- Sysco (SYY) - $7.54
Obviously this is a big decline from last month's tally, but I'm very much ok with that. Two companies that paid out this month happen to be smaller positions for me (KO and SYY), so that was expected. I hope to at least triple my position with Coke at some point in the near future. Every time I try to pull the trigger on additional Coke shares I find another equity that intrigues me.
Overall, I'm very satisfied with the progress of my passive income so far. In the end, it's PASSIVE income...which means I didn't have to do anything to earn it. I am extremely excited to see capital deposited into my brokerage account with which I can reinvest and receive even more capital next time. It's so fun there should be an admission charge!
I'm still behind my goal of producing $1,200 in total dividend income for the year of 2011. I have produced a total of $557.71 in dividends through July. I have to really catch up late in the year in order to reach my goal. As of right now it looks like I will fall slightly short, but I will certainly give it all I've got.
I have updated my dividend income page to reflect July's dividends.
Thanks for reading.