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.
After making eight separate buys in the month of June, July finished with a more tempered two buys as I added to my existing positions in Dover Corporation (DOV) and The Toronto-Dominion Bank (TD). No doubt the extra buys made in June will start paying dividends in the next couple of months and, as always, I’m eager to track my year over year increases in dividend income. July was an interesting month for my taxable and ROTH accounts as a special dividend of $16.50 a share was paid to all Kraft stockholders. This added an additional $897.27 in my taxable account and $552.02 in my ROTH. With that being said, let’s take a look at my July regular dividends received.
Dividend income from my taxable account totalled $244.93 up from $152.69 an increase of 60.4% from July of last year.
Dividend income from my ROTH account totalled $112.15 up from $38.12 an increase of 194.2% from this time last year.
Dividend income from my IRA account totalled $0.00 equal to $0.00 from this time last year.
Regular dividend total for the month of July: $357.08
Grand total for regular and special dividends: $1,806.37
Brokerage Account
Year to date dividends: $1,785.28
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 07/01/2015 | DIVIDEND:KO | KO | $29.64 |
| 07/02/2015 | DIVIDEND:JCI | JCI | $17.33 |
| 07/02/2015 | DIVIDEND:KMB | KMB | $30.44 |
| 07/02/2015 | DIVIDEND:IR | IR | $24.58 |
| 07/07/2015 | DIVIDEND:ITW | ITW | $26.71 |
| 07/10/2015 | DIVIDEND:PM | PM | $36.29 |
| 07/13/2015 | DIVIDEND:MDLZ | MDLZ | $4.72 |
| 07/14/2015 | DIVIDEND:CB | CB | $8.38 |
| 07/27/2015 | DIVIDEND:GE | GE | $35.97 |
| 07/31/2015 | DIVIDEND:KHC | KHC | $29.91 |
| 07/31/2015 | DIVIDEND:BCR | BCR | $0.96 |
| Total: $244.93 |
ROTH Account
Year to date dividends: $560.64
| Date | Description | Symbol | Amount |
|---|---|---|---|
| 07/01/2015 | DIVIDEND:KO | KO | $9.50 |
| 07/02/2015 | DIVIDEND:KMB | KMB | $6.16 |
| 07/10/2015 | DIVIDEND:PM | PM | $6.97 |
| 07/13/2015 | DIVIDEND:MDLZ | MDLZ | $6.38 |
| 07/30/2015 | DIVIDEND:BNS | BNS | $64.74 |
| 07/31/2015 | DIVIDEND:KHC | KHC | $18.40 |
| Total: $112.15 |
IRA Account
Year to date dividends: $24.49
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
Divhut
Great dividend income from KRFT, I got it also but small amount.
Other then that great passive income, keep the snowball rolling.
divorcedff recently posted…Dividend Income – July 2015
Hi divorcedff,
Those special dividends are certainly nice but it’s really about building a sustainable month to month return. No complaints from my end though. Let’s keep inspiring each other. Thank you for commenting.
wow almost $2000 that’s great. if only that was every month. haha great stuff 🙂
FFdividend recently posted…Trade – Buy
Hi FFdividend,
Well, $2K a month is certainly a goal to have down the road. For now I do have a long term goal of reaching $1K a month average. It all starts bit by bit with each buy we make. Eventually, we’ll all get there. I appreciate your comment.
Looks like you’re one of the luck ones that received the KRFT special dividend. Congrats. Very impressive dividend income for the month of July… only if it can happen every month right?
Tawcan recently posted…Recent Buys – OHI & VTR
Hi Tawcan,
I have held Kraft for many, many years and this certainly was a nice “gift” as a result of the Heinz acquisition. I’m sure we’ll be seeing these types of dividend incomes down the road as long as we keep investing and compounding our returns. For now, my eye is on averaging $1K a month. Still a while to go but I don’t doubt I’ll get there. As always, I appreciate your comment.
Would have been a successful month with just the regular dividend income, but man that KRFT special dividend was huge. I only owned a few shares in my Loyal3 account so its was still nice but nowhere near what you received.
Keep up the good work!
JC recently posted…Baxter and Baxalta Dividends
Hi JC,
Always nice to receive those special dividends when they come in. Talk about really not having to do anything extra to get that money. You have to love the beauty of dividend investing. On the surface it seems so easy it’s a wonder more people don’t actively invest in this manner. Thank you for stopping by and commenting.
Congrats on the income! The more you buy the more your income goes up. So inspiring, keep at it!
Hi Henry,
Thank you for your continued support. As you stated so simply, “The more you buy the more your income goes up.” It’s still a wonder to me why more people don’t invest in this way or worse discount this method of investing/income generation. Thank you for your comment.
Great work! Another amazing month! Your dividends are enough to make full stock purchase on its own.
Dividend Income Stocks recently posted…Dividend Portfolio Update – July 2015
Hi DIS,
Thank you for your kind words and support. No doubt, the special dividend received in July was a nice bonus but the focus remains for me to continue making monthly purchases in all market conditions and slowly build up my passive income stream. Thank you for stopping by and commenting.
Getting the ball rolling is the most important thing. Once you’re able to build it up, it starts to roll on its own while adding an ever-growing mass of dividends.
Chris recently posted…Stock Purchase–AAPL
Hi Chris,
You often hear dividend growth investors focusing on a dividend snowball and that’s exactly the point. It starts out slow and small but over time can grow quite nicely and huge. Once that happens the compounding effect really begins to take hold and that’s where the real fun starts. Thank you for stopping by and commenting.
Keith,
Another really solid month, with or without the special dividend. What’s really great about that special dividend is that it basically added up to a stock purchase or two all by itself for you. The snowball is just that much further down the hill. Keep it up! 🙂
Best regards.
Dividend Mantra recently posted…Recent Buy
Hi DM,
Thanks for your continued support. A special dividend is always a nice surprise and as you mentioned the amount received was basically a stock purchase given to me. The magic of dividend investing. What’s not to like? July was no exception for joy with my regular dividends received. As long as I can post nice year over year gains I’m happy. Thank you for stopping by and commenting.
Almost $2K in July is awesome! although, most was paid as special dividends. Regular dividends are great too! Keep racing.
Race2Retirement recently posted…Dividend Income Update – July 2015
Hi R2R,
Regular dividends or special dividends, it’s all gravy to me. Of course, my long term goal is generating growing regular dividends but I’ll gladly accept special dividends too. Always appreciate your comment.
Another solid month in July, DH.
To have already pulled in over to $1800 by July is very good going! Especially when you factor in the rate of growth!
Keep up the good work!
Dividend Drive recently posted…BUY: Legal & General (LGEN)–Topping up on Top Dividend Growth Insurer?
Hi DD,
The year is just rolling along and I can’t complain about my dividend income progress thus far. Of course, getting a special dividend in July doesn’t hurt either. The more we buy the more we earn. That should be an ad tag line. Might get more people interested in dividend growth investing. Thank you for stopping by and commenting.
Divhut,
HOLY COW. I knew the Kraft dividend would provide a boost to all of our dividend income, but the amount you received is insane. I am sure you were able to put your capital to use right away and pick up shares in a great company. Outside of the special dividend, I love the progress you made on your regular dividends. It is easy to get blinded by the one-time special dividends, but the true measure of progress is from positions that are going to regularly be paying dividends.
Keep up the great work!
Bert
Dividend Diplomats recently posted…Bert’s July Dividend Income Summary
Hi DD,
Well said. While the special dividend was nice, I am more focused on my year over year regular dividend growth as that’s the realistic and sustainable figure. On that note, the percentage increase in both my taxable and ROTH account has been great and I feel very happy with my 2015 progress thus far. At this rate I’ll be cruising past my 2014 dividend income which will just set me up for a higher goal in 2016. As always, I appreciate your support and comment.
what you did with a small amount in the roth IRA is awesome. I might have to diversify more on my roth ira hence taking advantage of no taxes. It’s one of the thing on my bucketlist.
Hi vivianne,
For anyone not looking to rely fully on their dividend income in the “shorter term” opening a retirement account might make sense. I don’t plan to need/use any of my ROTH money till after age 59 1/2 which is why I contribute to my retirement account every year. Some, like to use their dividend income prior to that age which is why they only invest in taxable accounts. I think a ROTH is a great retirement vehicle to grow your dividend income tax free while also enabling you to hold some great Canadian stocks without having any withholding taxes taken. Thank you for commenting.
Congratulations on the Kraft special dividend – you have to be in it to win it! I am predicting you will use the special dividend income to selectively invest in additional shares of blue chip dividend paying companies.
Dividend Explorer recently posted…Dividend Stock Watch List August 2015
Hi DE,
Thank you for your kind words. Your prediction of what I’ll use that special dividend for is quite amazing. How did you guess? No doubt, every penny of dividends gets reinvested somewhere in blue-chip-land. Thank you for stopping by and commenting.
Nice job on your July income! I had a really nice chunk of dividend income in July that caught me by happy surprise. Dividend income really is sweet and has motivated me to continue investing.
Untemplater recently posted…How To Make People Happy All The Time
Hi Untemplater,
Thank you for your kind words and continued support. Watching our dividend income keep growing year over year is the best motivation of all. Of course, reading other successful DGI blogs and following each story doesn’t hurt either. It’s nice to see multiple examples of success using this investing method. Thank you for stopping by and commenting.
DH
An increase of more than 60% year-on-year for your taxable account. That is truly incredible. Do you typically reinvest your monthly dividends shortly after receiving same?
DC
Hi DC,
Typically, (like 95% of the time) I automatically reinvest every dividend received. This allows for faster compounding and growth. There is a classic ongoing dividend growth discussion on whether it’s better to reinvest automatically or selectively reinvest. For the most part I choose auto reinvestment. There are no fees to reinvest automatically and it allows my positions to grow in size without having to add additional capital even if a dividend was not raised during the year. Thank you for stopping by and your question.
Kudos on another great month divhut.
Dividend Dreams recently posted…My Dividends – July 2015
Hi DD,
Thank you for your kind words. I appreciate all the support from our online community. Here’s to a strong second half of 2015.
Keith,
Huge year-over-year growth, that’s what we like to see! Keep showing us how it’s done – your monthly overviews are a big inspiration.
I hope you enjoy a strong finish this year.
Cheers,
NMW
No More Waffles recently posted…Net Worth Update: €66,801 (-0.15%)
Hi NMW,
Thank you for your kind words and continued support. As long as I can see some decent to excellent year over year progress I’ll be a happy camper. That’s what dividend growth investing is all about… collecting an ever increasing passive income stream. I’m looking forward to a strong finish to 2015. It’s great that every investment we make today yields rewards in three months or less. That makes the long term investing process easier to digest. As always, I appreciate your comment.
Wait, so that $577 that showed up in my account WAS the special dividend? It’s not listed as a dividend, but as a 1:1 exchange from KRFT to KHC. I couldn’t figure it out for the life of me and just assumed that it was the difference in values working themselves out. I’ve had a few spinoffs appear in my portfolio, but this is the first merger complete with a stock ticker change I’ve ever experienced, so I wasn’t quite sure what to make of it.
I had been anticipating the special dividend for some time, but since my account was reading that as NOT a dividend, I figured that wasn’t it. Aww, that means that there’s no more special dividend to look forward to (key word: “forward”).
Glad to see you got your share of the macaroni pie. It’s nice to see your dividends–with or without these one-time specials–are growing consistently.
Sincerely,
ARB-Angry Retail Banker
ARB recently posted…SEO Web Analysis Report By Redeemed Finance
Hi ARB,
The Kraft deal simply showed up as a 1:1 exchange into KHC plus a $16.50 a share special dividend which just came as cash deposited into your account. That’s usually how it goes. It never says “special dividend” in most cases. In any case, as you stated, it’s still nice seeing the regular dividends come in at growing year over year rates. That’s the real mojo of long term dividend growth investing. Thank you for stopping by and commenting.
DivHut,
Loved that KRFT special payout too. Very nice month, great to really see that snowball going up YOY.
– Gremlin
Dividend Gremlin recently posted…Beer Review, August 2015 – Geneseo New York and Some Life Lessons
Hi DG,
I think everyone liked that special dividend of $16.50. No matter how you look at it, that was a nice payout. Of course, the real goal is growing our regular dividend payments year over year. As always, I appreciate your support and comments.