Dividend Income

Dividend Income Report and Net Worth – June 2016

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Dividend income and net worth were incredible this month!  Once again, a new personal dividend income record has been set.  I always get excited about the big four dividend income months –  March, June, September & December.
Dividend-Income-and-Net-Worth-June-2016

Dividend Income

Another record breaking month for dividend income.  I’m thrilled about my dividend growth progress.

Let’s get to it.

This month I received $386.43 in dividend income this month.  On average, I was paid $11.36 from a whopping 34 companies.  That’s a lot of paychecks!  The big news is we are back to our big year over year dividend income increases.  This month’s dividend income is a 236.4% increase over June 2015.  This is a gigantic increase!

To put this kind of growth into perspective, if I were to have the same percent gain next year (June 2017), I would be reporting dividend income of almost $1,300… IN ONE MONTH!  Now, that isn’t going to happen.  Sadly, I just don’t have the kind of cash required to make that possible.  But those numbers are getting big.

June - 2016 Dividend Income



The pie chart below also shows the percentage of each payment.

Can you think of another cash generating passive income stream that can provide this kind of money for doing absolutely nothing… with such a limited amount of risk?  Neither can I!  Here is a chart of my dividend income progress.

Dividend Income Half Year Review

With six months of 2016 in the books, it’s time for a half month review.  I’ve discovered some sobering facts to report.

First, over the last six months I’ve made $1,222 of dividend income.  While that is a good amount of money, its $278 behind where I need to be to hit my $3,000 dividend income goal for the year.  I’ve mentioned this before, but this will be my last opportunity to double my dividend income in one year and I’m working hard not to blow it.

Secondly, in an attempt to meet my yearly dividend income goal, I’ve been putting a lot of money (to me at least)  to work.  This year alone I’ve invested almost $22,000 into dividend growth stocks.  Here is a list of all my dividend growth stock buy I’ve made in 2016.

JanuaryFebruary, March, April, May, June

It looks like I’ll need to put another 5 – 6 thousand dollars to work quickly in order to reach my yearly goal.  Ugh.

The dividend portfolio has been updated.

Net Worth

Another massive increase in property values is making this month’s report look really impressive.  Unfortunately, these property values are starting to sound more and more like fanciful stories.

Let’s do the numbers…

Dividend-Income-and-Net-Worth-June-2016

Cash

I’ve been leaking cash like a sieve recently.  While it’s great having this cash, the reason I’ve amassed this quantity of dollar bills in the bank is to spend them on home improvement projects.  We’ve completed some of the small projects, which has added a bit of the red in this column.  However, the real cash thief has been doctor bills.  This month my wife started on some alternative treatment to get her heath issue straight and avoid another surgery.  We are only two weeks into the program and are already out $3,600 bucks (they don’t take insurance).  Yikes!  While I’m not excited to spend the money on healthcare, we are very fortunate to have cash to spend on healthcare.  Even if there is a small possibility of success, it’s definitely worth a few thousand dollars to try.

Real Estate

Boom!  Another massive move up on real estate.  Wait, didn’t I say that last month?  Once again, these numbers come from our friends at Zillow, who I can only assume, are doing crack.  Not really, but this is getting a little out of hand.  This latest price increase of slightly over 24k means my primary home has gained $82,000 (almost 17%) in value over the last three months!  Last month sounded a little suspicious, this month I’m afraid they are just wrong.

The rental properties are moving in the right direction.  I think we’ll need to raise the rent on rental property 1 next month – $50 bucks or so (we haven’t had a rent increase yet).  I’m not sure how that will go.  Property 2 is going great and we are working hard to pay it off early.  This year, we’ve paid almost $6,000 towards principal.

Cars

My car took a huge hit this month… 11% down.  That’s about 10% more than normal.  My wife’s car was up a bit, which is also unusual.  Both of our cars should lose 1 – 2% in value every month.

Wrap-up

Dividend income and net worth are both doing extremely well.  Who can complain about a 236% YOY dividend income increase right?  I’m excited about the progress I’m making and the freedom the dividend income will eventually provide.  If the property values in the net worth report are accurate then I’m getting really close to being a millionaire.  Which is AMAZING.  But, I suspect that isn’t the case.  Either way, I’m paying off debt and investing in great dividend growth companies when they go on sale.  Life is good.

 

How did you do this month?  Are you finding your making some amazing progress in your YOY dividend income growth as well?

I'm a dividend growth investor who is aiming to retire early in 6 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

11 Comments

  1. Congrats on the great month! We have a lot of the same names paying us. I’m curious – is there a reason why you have MAIN listed twice? Different brokers?

    I can’t wait to see you hit that million dollar mark on the net worth! Looks like you will be there soon.

    Take care,

    Ken

    • Blake

      Hi Ken,

      I got a special surprise from MAIN this month in the form of a bonus dividend – which is why its listed twice. I do love bonuses! The million mark is approaching fast, especially if real estate prices follow the recent trend (which isn’t likely).

      Thanks for stopping by and commenting!

  2. It looks like it was a great month for you all around. Your YoY dividend increases is insane. If only you could hit that number each year. But any increase is a good one. Slow and steady wins this race.

    • Blake

      The month’s YOY dividend increases was especially good. I agree, IF ONLY I could attain that percentage increase every month. It certainly wouldn’t take long to be able to retire! Until then, I’ll keep doing the best I can.

      Thank your for stopping by and for the words of encouragement.

  3. Nearly $400 is definitely nothing to sneeze at. With 34 companies paying, do you have big investments in each, or are they spread around smaller amounts? I’m almost up to an Andrew Jackson at this point.

    • Blake

      Howdy,

      I remember a year ago when I was looking forward to getting $400 in a single month and seemed forever away. Now that I’m almost there, $500 seems like a great target! I don’t have huge positions, here is a link to my dividend portfolio.

      Congratulations on almost getting to $20! It’s a milestone, whatever the amount, and will keep you motivated to keep pushing.

      Thanks for stopping by and commenting!

  4. DP,

    Damn! Just sweet- huge growth, great aristocrats, and almost breaking $400, great job! Also… a $1M net worth approaching on the horizon, jealous. Keep up the amazing work, you’re killing it.

    -Lanny

    • Blake

      Hi Lanny,

      Thanks! It’s getting there, slowly but surely. Unfortunately, my net worth is heavily weighted in real estate, particularly my house. Too bad I can’t sell a few shares like I would with stocks and lighten my risk… wanna buy a 1/5 of a house 😉

      Congratulations on your huge month as well! Thanks for stopping by!

  5. Congrats on your record being set. Looks like many of our fellow DGI bloggers had a record June. You also have one of the longer lists of dividend paying companies spaying you. Nothing wrong with spreading out that income just in case… As always, inspirational and fun to read. These are definitely the best posts a DGI blogger can write. Thanks for sharing.

    • Blake

      Hi DivHut,

      Thank you!

      While the dividend income is still relatively low, the sums are getting larger! With my super low trading costs I’ve been able to really spread out my investments. I have a little over 60 dividend growth holdings now! Maybe a little too diverse? But, I’ve basically made my own mutual fund… that’s performing better then the usual benchmarks, has no fees and is paying a pretty nice yield 🙂

      Again, thank you for the comment and the kind words!

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