So I’m late again with this report. Life has been a little crazy with our drastic attempt to align the stars and the sun by selling our house while trying to perfectly time the completion of building another. I see the appeal of the big ibuyers offer (Zillow, Offerpad, Opendoor). Getting to pick your closing date and not deal with random visitors that expect your house to be clean at the spur of the moment… but we aren’t ready to take that kind of hit. Anyway, downsizing our home hasn’t yet gone to plan (and just to set the stage), I’m really hoping I don’t have to write a negative “builder name” home review post!
August Dividend Income
This month I received $1,401.61 in dividend income! On average, I was paid $36.88 from 38 different companies! This month’s dividend income is an honorable 35.83% increase over August 2108.
To put things in dollar figures, that’s $369.7 more dividend income than last August!
Dividend Income - August 2019
|1/8/19||General Mills, Inc.||GIS||124.52|
|2/8/19||CVS Health Corp||CVS||93.95|
|2/8/19||Cracker Barrel Old Country Store, Inc.||CBRL||43.00|
|7/8/19||Lowe's Companies, Inc.||LOW||80.30|
|9/8/19||Bank of New York Mellon Corp||BK||8.68|
|9/8/19||American Express Company||AXP||12.97|
|12/8/19||Texas Instruments Incorporated||TXN||37.73|
|13/08/19||British American Tobacco PLC||BTI||58.49|
|15/08/19||Delta Air Lines, Inc.||DAL||40.25|
|15/08/19||Realty Income Corp||O||63.99|
|15/08/19||Stag Industrial Inc||STAG||14.30|
|15/08/19||Main Street Capital Corporation||MAIN||11.28|
|15/08/19||Genie Energy Ltd Class B||GNE.A||7.97|
|15/08/19||Hormel Foods Corp||HRL||26.25|
|15/08/19||Procter & Gamble Co||PG||50.86|
|15/08/19||A. O. Smith Corp||AOS||5.50|
|15/08/19||National Retail Properties, Inc.||NNN||66.95|
|15/08/19||Omega Healthcare Investors Inc||OHI||97.16|
|30/08/19||PowerShares Preferred Portfolio||PGX||3.12|
|1/8/2019||Deere & Company||DE||6.84|
|2/8/2019||Vodafone Group Plc||VOD||11.61|
|15/08/19||Kinder Morgan Inc||KMI||2.50|
|23/08/19||Royal Bank of Canada||RY||13.01|
|23/08/19||Charles Schwab Corporation Common Stock||SCHW||1.19|
|27/08/19||Bank of Montreal||BMO||3.87|
|27/08/19||Constellation Brands, Inc. Class A||STZ||9.75|
|30/08/19||Simon Property Group Inc||SPG||8.40|
|∑ = 1,401.61|
Here is a chart of my passive dividend income progress over the last 4 years.
Here are the dividend stock purchases I’ve made between August 2018 and 2019 that have fueled this dividend income growth.
The dividend portfolio has been updated.
August’s dividend income covers utilities, food and insurance for the month.
August Dividend Growth (Dividend Increases)
Below are the realized dividend increases I received this month.
This month I received 8 increases. Four of my holdings increased their dividends by over 10%! While these might not be “normal times,” last August I also had 4 increases above 10%… and only 2 are the same companies!
Dividend Increases - August 2019
Name Ticker New Div Old Div % Increase Shares Addl Income Cracker Barrel Old Country Store, Inc. CBRL 1.30 1.25 0.04 10 2.00 Bank of New York Mellon Corp BK 0.31 0.28 0.1071428571 28 3.36 Delta Air Lines, Inc. DAL 0.40 0.35 0.15 100 21.00 Clorox Co CLX 1.06 0.96 0.1041666667 20 8.00 National Retail Properties, Inc. NNN 0.52 0.50 0.03 79 4.74 Fastenal Company FAST 0.22 0.22 0.02325581395 140 2.80 Caterpillar Inc. CAT 1.03 0.86 0.1976744186 39 26.52 Simon Property Group Inc SPG 2.10 2.05 0.0243902439 4 0.80 Name Ticker New Div Old Div % Increase Shares Addl Income ∑ = 69.22
August’s dividend increase adds $69.22 in annual dividend income. This dividend growth is $68 more than I received last month! August’s dividend increases are the equivalent of investing an extra $1,977.71 of new money at 3.5% yield. That is the power of dividend growth investing!!
Net worth gently surpassed a new milestone number. According to the numbers, everything is going extremely well.
Let’s do the numbers…
Not a lot happened with cash this month. We are still saving to prepare for our home mortgage. It’s been an odd balance between selling our overflow stuff for extra money and spending extra money eating out to keep our kitchen clean for showings. All in all, we are are still in the green, however, our spending has been up this month. This will readjust once we get our house sold and our new home purchased.
As I mentioned above, all is not going well with our new home construction. Apparently, our home construction plans were dramatically changed by the builder in an effort to save them money – after we signed our agreement to buy. What that means for us is the look of our home has been drastically downgraded. That is just the tip of the iceberg, but we are still hopefull that the builder will make everything right.
Regarding our home sale… that’s been rather unfortunate. We’ve had some low ball offers, nothing that’s really even been in the ball park. Dozens of thousands of dollars off our asking. At this point, we still aren’t desperate to sell. And considering the way the builder is putting together our new home, there is a question as to whether it will be built to the specs we were given when we entered into the contract. So we may not buy it anyway.
Our tenant in our rental property is continuing to pay on time and we haven’t heard a peep about repairs. Wish it was always like that!
I am thrilled with the progress I’m making with net worth. Paying down debt, investing and saving cash are doing the job well. Trying to realize our downsizing goal has been a bit tricky, but I think it will workout well in the end… and save us almost $2,000 a month! I hope we can make it happen!