Dividend Income Update – July 2011

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

Total dividends received for the month of July: $59.10

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.

Comments

  1. Westphalian says

    Hi Mantra,

    I think it’s not that bad. I got no dividends in July, but I’m looking forward to August and especially September.
    Keep up the great work!

  2. says

    Westphalian,

    Thanks, I’m still happy with where I ended up considering I had two very small positions paying out. It’s all growing every single month! It will be nice to look back on months like this.

    Good luck with your dividends in Aug and Sept.

  3. says

    Very good stocks you hold there DM! When the market turns turbulent, I’m least worried when it comes to stable, core stocks like the ones above.

    Tech stocks and other high beta stocks are the ones that cause pain!

  4. Scott says

    DM,

    Great to see those dividends come rolling in like clockwork month after month. July is also my lightest month for dividends. My only holding paying out in July is Entertainment Properties Trust (EPR).

    Looking forward to your August results!

  5. says

    Scott,

    Gotta love dividends coming into the brokerage account during times like these. It’s reassuring seeing cold, hard cash coming in with which I can reinvest into cheaper equities. It’s truly fascinating!

    Keep in touch!

  6. Anonymous says

    July is my smallest month, too. I got $91 in dividends last month. But thats still more than I had before, and purchased a few partial shares (I reinvest right back where they came from). It is fun to watch it grow monthly, isnt it?

  7. says

    Anonymous,

    It’s smaller than what I received last month, but it’s better than $0, which is what I was receiving before I started investing! Like you said, it’s fun to watch it grow!! :)

  8. Anonymous says

    The way to view your divided growth is by a rolling 12 month total. So long as that total continues to advance you are doing OK. Great to chart on a spreadsheet.

  9. says

    Anonymous,

    Great tip. I will be using that once I have a year’s worth of dividends. I’ll be able to start comparing YOY totals between months. I definitely agree with you. That’s something that would be handy on a spreadsheet.

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