July 2015 Dividend Income

July was a pretty uneventful month in terms of dividend income, but I more than made up for it with some other exciting events in my life.  Some of the highlights include selling my home, buying and moving into a new home, and successfully delivering two big presentations at work just to name a few.  But enough of that stuff – this is a dividend income update!

The vast majority of the stocks I own pay out on the March, June, September, December schedule so this past month, and most likely next month, are lacking significant dividend income.  This doesn’t bother me much since my total dividends is all I care about.  And I’m certainly not going to go off and buy stocks just because of when they pay dividends.

For those of you who are not familiar with my blog and portfolios, the Dividend Empire portfolio is strictly for my child, future children, their children and beyond.  I will never touch the money.  The Dividend Retirement portfolio will hopefully pay for my early retirement one day before eventually merging with the Empire portfolio.  Below I will report my dividend income for July and my progress towards reaching my dividend related goals for both of these portfolios.

Dividend Income

Last month, July 2015, I received $43.49 in my Dividend Empire portfolio and $53.91 in my Dividend Retirement portfolio for a total of $97.40.  This being only my 3rd month of receiving dividends I don’t have another comparable month to measure up against.  When I report my August dividends next month I’ll finally be able to make a fair comparison to May.  Here is the breakdown of my dividend income in July.

 

Dividend Empire Portfolio

Dividend Empire Portfolio Dividends By Month

Dividend Empire Portfolio

 

Three companies paid me dividends in this portfolio:

Ticker Date Div Amount Action Shares Bought Salary Increase
KO 7/1/2015 $24.75 DRIP 0.628 $0.83
WPC 7/15/2015 $18.13 DRIP 0.299 $1.14
GPS 7/29/2015 $0.61 Cash
Total: $43.49 Total: $1.97

 

KO and WPC reside in my TradeKing account where automatic reinvesting is available.  Reinvesting these dividends resulted in the purchase of 0.628 shares of KO and 0.299 shares of WPC which added a total of $1.97 to my forward income.  GPS is in my Loyal3 account where all dividends are taken as cash.

I made a couple of purchases in the portfolio over the month which raised my forward income quite a bit.  I can now expect to receive at least $730 of dividend income over the next 12 months.  Here is my forward income progress:

Dividend Empire Portfolio Forward Income Progress

 

One of my annual goals for the Empire portfolio is to receive at least $500 from dividends.  Here is my progress so far:

Dividend Empire Portfolio Dividend Progress

It looks like I am lagging a bit but with some recent purchases I am actually set to achieve this goal.  If all companies pay out on schedule with no cuts I should be at ~$510 by the end of the year!  I’m of course planning on making many more purchases this year so I should be able to blow this goal away.

Pay raises: I did not receive any dividend increases in this portfolio.

 

Dividend Retirement Portfolio

Dividend Retirement Portfolio Dividends By Month

Dividend Retirement Portfolio

 

Only 2 companies out of the 20 that I own in this portfolio pay out in July.  Here is the breakdown:

Ticker Date Div Amount Action
MO 7/10/2015 $30.16 Cash
O 7/15/2015 $23.75 Cash
Total: $53.91

My 401k account, which is where these stocks are held, does not allow dividend reinvesting.  Therefore all dividends are taken as cash and selectively reinvested once I accumulate enough money.

I made 4 large purchases in this portfolio last month which helped me reach a mini milestone – crossing over the $2k forward income mark:

Dividend Retirement Portfolio Forward Income Progress

 

My 2015 dividend income goal for this portfolio is to receive at least $1500 by the end of the year.  Here is where I’m at:

Dividend Retirement Portfolio Dividend Progress

Not looking so good, huh?  I think this one is officially out of reach.  When I set these goals back in April I based them on having $100k available to invest and I wrongly made the assumption that it would not take long to allocate the funds.  Three months later I have purchased only $60k worth of stock, leaving me with $40k earning me $0 dividend income.  While this is fine – I am taking my time to select quality stocks at the right price – I should have taken it into account when setting my goals.  Oh well.

Pay raises:

I got two pay raises this month in my retirement portfolio from CMI and OHI.  CMI dished out a monster 25% increase which added $16.38 to my forward income.  OHI gave a 1.85% raise which added $3.36 to my forward income.  Together, these two raises will put an additional $19.74 in my account over the next 12 months!

 

So that’s it!  As I mentioned there is nothing too exciting here.  I’m on pace to hit all of my goals for the Empire portfolio but my Retirement portfolio needs some work.  I’ll post a portfolio update over the next couple of days to update the overall performance of both portfolios as well as my progress towards the rest of my goals.

I hope everyone had a great July!

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371 Responses

  1. Div4son says:

    Nice steady progress! Well done. Even though slightly below your goal, the plots are heading in the right direction. So, keep up the excellent work!
    D4s

    • Dividend Empire Dividend Empire says:

      Thanks D4s. Although I’m not going to hit my retirement portfolio dividend goal I am still very happy with my progress. It was really an error in judgement when I set the goal, not an error in executing my plan.

      Take care,

      Ken

  2. JM says:

    Dividend Empire,

    Just recently found your website and absolutely love your investment philosophy!! Specifically, I love your watchlist strategy which mirrors mine.

    What are your thoughts on oil? I have CVX, COP, XOM and HP – Do you think we have bottomed? They do have some great yields right now but their sustainability may be in question!!

    • Dividend Empire Dividend Empire says:

      Thanks JM! Glad you are enjoying the site. I thought oil bottomed a month ago so I’m definitely not the person to ask :) . I currently own XOM, CVX and VLO in the energy sector. VLO has done well since they actually benefit from low oil prices. I’ve doubled down on CVX already and it’s still dropping. I’m thinking of doubling down on XOM or initiating a position in COP this month.

      I think it is impossible to predict the bottom so I won’t even attempt to try. I’ll just keep buying while the prices are low and ignore any short-term unrealized losses. Years from now I’ll be patting myself on the back for stocking up on all of these energy stocks (I hope).

      Ken

  3. Ken,

    Looks like both portfolios are cruising for you. And you’re in a great spot with so much cash to deploy over the coming months.

    Have fun shopping over there!!

    Best regards.

    • Dividend Empire Dividend Empire says:

      Thanks for your support DM. I’m definitely having a blast redistributing my 401k funds. I’m hoping to go on a big shopping spree this month if the market pulls back.

      Take care,

      Ken

  4. viviane says:

    the important trend is UP! that’s what I see. the later purchases should help pick up the pace later one this year.

    Cheers!

    • Dividend Empire Dividend Empire says:

      You are absolutely right Vivianne! There are 9 stocks in this portfolio that haven’t even paid me a dividend yet. The trend is up now but it will really take off in a couple of months. Thanks for stopping by.

      Ken

  5. Awesome month Ken. I still can’t believe your dividend payout chart is so young! That’s going to fill up super quickly at this rate. I’m very excited to see where you invest next, so keep at it!

    • Dividend Empire Dividend Empire says:

      Thanks Ryan! Yes, these portfolios will see some incredible growth over this first year due to the cash available from my previous investing ventures. It will probably slow down a bit next year but hopefully that will be offset by my dividend snowball.

      Take care,

      Ken

  6. Well done Ken!

    I’m with you on taking your time to find quality companies to invest in. Keep that powder dry for historically great values. You have some exciting times ahead!

    Blake

    • Dividend Empire Dividend Empire says:

      Thanks Blake! It’s hard to remain patient when I have cash on hand but I’m getting better at it. I’m not going to start settling for sub-par stocks just to meet my annual dividend goals.

      Thanks for your support!

      Ken

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