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. August 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 continue to grow. Of course, my plan is to never stop adding cash to my accounts even during times like these when the market, and many individual stocks, are trading at expensive valuations and less than robust dividend yields. All you can really do is try and pinpoint the best relative values and yields while continually deploying fresh capital. With that being said, let’s take a look back at my August 2016 dividend income.
Dividend income from my taxable account totaled $283.14 up from $227.49 an increase of 24.5% from August of last year.
Dividend income from my ROTH account totaled $188.05 up from $97.83 an increase of 92.2% from this time last year.
Dividend income from my IRA account totaled $98.93 up from $47.95 a year over year increase of 106.3%.
Grand total for the month of August: $570.12 an increase of 52.7% from August 2015.
Year to date dividends: $2,399.29
Year to date dividends: $1,059.63
Year to date dividends: $372.11
You just have to love the very real results of dividend growth investing. The numbers above just continue to prove to me that over time, and with a lot of patience, dividend growth investing can work and provide and ever increasing passive income stream.
Are any of these dividend stocks in your portfolio too? How was your August dividend income? Please let me know below.
Disclosure: Long all above