The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. May was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat without a single raise my passive income stream will still continue to grow.
Some notable news for the month of May. Foremost, as you will see below, I received my very first distributions from my newly created IRA account which holds three REITs (HCP, HCN, VTR), a new investment vehicle for my overall portfolio as I have traditionally stuck to dividend growth stocks exclusively without any REITs, MLPs or the like. I am thinking of keeping my IRA as REIT exclusive just to see how it can perform as an independent long term investment. Second, my ROTH income continues to climb nicely as near monthly investments in my Canadian bank holdings (TD, BNS, RY) are juicing those returns. With that being said, let’s take a look back at my May dividend income.
Dividend income from my taxable account totalled $221.52 up from $172.79 an increase of 28.20% from May of last year.
Dividend income from my ROTH account totalled $86.38 up from $22.69 an increase of 280.69% from this time last year.
Dividend income from my IRA account totalled $12.89 up from $0 from this time last year.
Grand total for the month of May: $320.79.
Who says dividend growth investing doesn’t work? Just look at the figures above and see what fresh capital, dividend raises and compounding can do to year over year income.
Year to date dividends: $1,224.33
Year to date dividends: $373.95
Year to date dividends: $12.89
Are any of these dividend stocks in your portfolio too? How was your May dividend income? Please let me know below.
Disclosure: Long all above