Dividend Income Update July 2018

It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios.

 

On a side note, July was the first time ever I did not reinvest my dividends. This isn’t by choice, rather my broker, Capital One Financial, has stopped reinvesting all dividends until later this year when they complete their transition to E-Trade which bought them out recently. I have to admit, it kind of sucks not being able to automatically reinvest dividends for the next few months but there are worse things in life than that. In the meantime, I’ll be building up cash positions in my accounts which I haven’t done in about ten years.

 

At least I could find comfort in one thing, my dividends are still rolling in. As we all know, the market may move up and down irrationally and seemingly on a whim while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quality (free cash flow, EPS and payout ratios). Forget chasing the high yield unicorns and focus on the boring lower yielding but sustainable dividends. In the long run you’ll be better off. With that being said, let’s take a look at my July 2018 dividend totals.

 

Dividend income from my taxable account totaled $297.93 up from $253.27 an increase of 17.6% from July of last year.

 

Dividend income from my ROTH account totaled $137.10 up from $129.56 an increase of 5.8% from this time last year.

 

Dividend income from my IRA account totaled $63.13 up from $1.93, a year over year increase of 3,171.0%.

 

Grand total for the month of July: $498.16 an increase of 29.5% from July 2017.

 

Brokerage Account

Year to date dividends: $3,140.95

DateDescriptionSymbolAmount
07/02/2018DIVIDEND:KOKO$48.92
07/03/2018DIVIDEND:KMBKMB$52.21
07/11/2018DIVIDEND:ITWITW$45.09
07/11/2018DIVIDEND:PMPM$45.53
07/13/2018DIVIDEND:MDLZMDLZ$7.19
07/13/2018DIVIDEND:CBCB$6.75
07/13/2018DIVIDEND:JCIJCI$30.62
07/16/2018DIVIDEND:CAHCAH$24.65
07/25/2018DIVIDEND:GEGE$36.97
Total: $297.93

ROTH Account

Year to date dividends: $1,226.57

DateDescriptionSymbolAmount
07/02/2018DIVIDEND:KOKO$12.18
07/03/2018DIVIDEND:KMBKMB$7.55
07/11/2018DIVIDEND:PMPM$8.74
07/13/2018DIVIDEND:MDLZMDLZ$9.70
07/30/2018DIVIDEND:BNSBNS$98.93
Total: $137.10

IRA Account

Year to date dividends: $514.61

DateDescriptionSymbolAmount
07/12/2018DIVIDEND:VTRVTR$57.33
07/31/2018DIVIDEND:LTCLTC$5.80
Total: $63.13

 

Now those are some figures to get excited about. I realize that not every month will produce these great results as payout schedules can shift throwing year over year increases out of whack. As long as I’m on track to surpass my 2017 results I know I’m headed in the right direction and with half of the year gone by so far, 2018 is looking good.

 

Are any of these dividend stocks in your portfolio too? How was your July dividend income? Please let me know below.

 

Disclosure: Long all above

20 thoughts on “Dividend Income Update July 2018

  1. Hut –

    Wow… that’s some serious dividend income. Look at that growth rate, just sweet. Also – one helluva dividend from BNS. You have a few names I’d like, including BNS, and others. Keep it up DH, we’re on the move.

    -Lanny

  2. Hi DivHut. Not reinvesting the dividends would be a strange feeling. It’s strange when it doesn’t happen for one company, let alone the entire portfolio. As you said though, it will be nice to let the cash pile up and figure out how to deploy it all.
    I saw ITW in there and couldn’t help but think of their recently announced 28.2% dividend raise. That ought to boost your forward dividend income!
    Excellent YoY growth, too…. keep it going!
    Engineering Dividends recently posted…Monthly Dividend Income (July 2018)My Profile

  3. That’s a very impressive July! I like how you mentioned that dividends keep coming in despite any volatility in the market. That’s precisely one of the reasons I decided to DGI in the first place.

  4. I have to agree Keith, there is something comforting about auto reinvest. For many years that is what I did, but switched to cash accumulation and lump sum investing about 5 years ago. Periodic lump sum fits better with my personal situation now. Tom
    Tom @ Dividends Diversify recently posted…Back to SchoolMy Profile

  5. Congrats on a fantastic July! I like how you mentioned that dividends keep rolling in regardless of the volatility in the market. In my opinion, that is one of the major advantages of the DGI strategy.

  6. Hey DH,
    Great progress YOY on your totals. Many of the same names in my portfolio with the biggest increase coming by way of BNS as I’ve more than doubled down on this name through 2018 from the start of the year.
    Take care,
    Ryan

  7. I’m often torn with the dividend reinvestment strategy – if I was holding an index funds, I’d certainly go down this path, but these days I prefer to let the cash accumulate and deploy it in investments I think are the best value for that cash as a given point in time.

    Either way, your strategy seems to be working well! You can’t go too wrong with solid dividend paying stocks!

    Cheers, Frankie
    Frankie recently posted…Fund Performance Update July 2018 – Frankie Fights Back!My Profile

  8. Looks like a great month Keith! So close to crossing $500 for July! Things are finally starting to move back in the right direction for us although we won’t be investing heavily until hopefully Dec/Jan while we focus on paying down our debt. It sucks but it’s the smart thing to do to free up monthly cash flow. Getting our 2 non-mortgage debts off our balance sheet will increase our monthly free cash flow by around $850 and gives us in the neighborhood of $3-5k of investable cash each month. So yeah I’m pretty excited about the next few months.

    Once we stopped investing on a regular basis because of life I started turning the DRIP on for several positions. It might not be ideal valuations for purchases but it keeps the snowball rolling and progressing. I’m undecided on what to do once we do get back to monthly investing.

  9. Wow, amazing month again. You must be proud of your dividend stocks paying you another big 3-digit dividend number altogether. A 29.5% YoY growth is just the result of hard work and investing in great quality names with ITW, KMB and MDLZ.

    Congratulations with a solid month

  10. Great results! It must be strange not reinvesting the dividends. But it maybe also a good thing to try something different with lump sum just like Tom (albeit forced at the moment 🙂 )

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