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. July 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 would continue to grow. With that being said, let’s take a look back at my July 2023 dividend income.
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 07/03/2023 | KO | THE COCA-COLA CO | $59.44 |
| 07/03/2023 | UGI | U G I CORP | $18.75 |
| 07/05/2023 | KMB | KIMBERLY CLARK CORP | $76.14 |
| 07/07/2023 | CB | CHUBB LTD F | $7.74 |
| 07/10/2023 | MO | ALTRIA GROUP INC | $361.68 |
| 07/11/2023 | PM | PHILIP MORRIS INTL | $197.59 |
| 07/13/2023 | ITW | ILLINOIS TOOL WORKS | $76.52 |
| 07/13/2023 | GSK | GSK PLC ADR | $45.84 |
| 07/14/2023 | MDLZ | MONDELEZ INTL CLASS A | $12.39 |
| 07/14/2023 | LEG | LEGGETT & PLATT INC | $24.98 |
| 07/14/2023 | JCI | JOHNSON CONTROLS INTER | $44.03 |
| 07/18/2023 | CAH | CARDINAL HEALTH INC | $31.94 |
| Total: | $957.04 |
I have to say I’m quite pleased with my July totals. Not too far from that coveted four digit milestone too.
After all, dividends don’t lie. It’s real cash being returned to investors. With patience and consistency these results and better can be achieved. Just remember, sometimes investing with blinders on can be beneficial as it blocks out the constant noise we are bombarded with on a daily basis and keeps you focused on the job at hand which is to keep investing, not falling for market timing traps, diversifying, not getting shaken out of the market when it tumbles and just creating a solid, ever growing passive income stream.
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
Excellent addition. I myself am a dividend investor so it is awesome to see someone else with the same strategy. I recently sold my coke stocks to focus elsewhere, why do you keep that as part of your portfolio if I may ask? I sold mine but debating on whether or not to add it back.
Hi David,
KO has been a stable and steady grower in my portfolio over many, many years. No reason to cut it loose even though it may seem to be trading at a high valuation (it almost always does). Sometimes, long term quality comes at a price, but that price also ensures some measure of stability. For now, KO remains with me.
Ah ok, thanks for the reply. Quality stock is always worth it, maybe I was too rash in getting rid of it. I should look into adding it back. Thanks again!