July’s dividend income is always a little underwhelming. However, there was great growth, as a percentage and net worth moved up with the market.
July Dividend Income
This month I received $1,553.23 in dividend income! On average, I was paid $29.31 from 53 different companies! This month’s dividend income is an amazing 19.37% increase over July 2021. That’s $252 more dividend income than last July.
Dividend Income - July 2022
|7/1/2022||Synovus Financial Corp.||SNV||40.80|
|7/1/2022||Genuine Parts Company||GPC||109.19|
|7/5/2022||Kimberly Clark Corp||KMB||89.32|
|7/6/2022||Iron Mountain Inc||IRM||139.72|
|7/7/2022||JPMorgan Equity Premium Income ETF||JEPI||57.13|
|7/8/2022||Eastman Chemical Company||EMN||26.60|
|7/11/2022||State Street Corp||STT||19.95|
|7/14/2022||Taiwan Semiconductor Mfg. Co. Ltd.||TSM||12.27|
|7/14/2022||MONDELEZ INTERNATIONAL INC Common Stock||MDLZ||17.50|
|7/15/2022||Philip Morris International Inc.||PM||84.16|
|7/15/2022||Cardinal Health Inc||CAH||29.74|
|7/15/2022||Realty Income Corp||O||95.51|
|7/15/2022||Necessity Retail REIT Inc Preferred Shares Series A||RTLPP||4.96|
|7/15/2022||WP Carey Inc||WPC||37.07|
|7/15/2022||Store Capital Corp||STOR||48.13|
|7/15/2022||Stag Industrial Inc||STAG||14.60|
|7/15/2022||Main Street Capital Corporation||MAIN||11.82|
|7/15/2022||Algonquin Power & Utilities Corp||AQN||18.08|
|7/15/2022||Park Hotels & Resorts Inc||PK||1.00|
|7/15/2022||Orion Office REIT Inc||ONL||3.45|
|7/15/2022||Spirit Realty Capital Inc||SRC||26.34|
|7/15/2022||Johnson Controls International PLC||JCI||28.00|
|7/15/2022||Franklin Resources, Inc.||BEN||20.59|
|7/22/2022||Nationwide Nasdaq-100 Risk-Managed Income ETF||NUSI||9.65|
|7/26/2022||Global X NASDAQ 100 Covered Call ETF||QYLD||25.87|
|7/27/2022||Bank of Nova Scotia||BNS||3.99|
|7/27/2022||Cisco Systems Inc||CSCO||67.00|
|7/29/2022||Consolidated Water Co. Ltd.||CWCO||4.25|
|7/29/2022||Invesco QQQ Trust Series 1||QQQ||24.32|
|7/7/2022||VICI Properties Inc||VICI||12.60|
|7/25/2022||General Electric Company||GE||1.12|
|7/22/2022||Invesco Preferred ETF||PGX||3.14|
|7/1/2022||Automatic Data Processing Inc||ADP||10.45|
|7/14/2022||Illinois Tool Works Inc.||ITW||39.51|
|7/1/2022||Regions Financial Corp||RF||8.50|
|7/8/2022||Merck & Co., Inc.||MRK||37.95|
|7/15/2022||Fulton Financial Corp||FULT||3.75|
|7/15/2022||Starwood Property Trust, Inc.||STWD||9.60|
|∑ = 1,553.23|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between July 2021 and 2022 that helped fuel this month’s dividend income growth.
July’s dividend income covers food and utilities for the month.
July Dividend Growth (Dividend Increases)
Below are the realized dividend increases I received this July. Dividend growth is the most important metric (to me) and one of my favorite to report!
This July I received 18 dividend increases. Seven of the dividend increases were over 10%!
Dividend Increases - July 2022
Name Ticker New Div Old Div % Increase Shares Addl Income FedEx Corporation FDX 1.15 0.75 0.533 10 16.00 Cardinal Health Inc CAH 0.50 0.49 0.010 60 1.18 Realty Income Corp O 0.25 0.25 0.002 337 2.02 Medtronic PLC MDT 0.68 0.63 0.079 46 9.20 Algonquin Power & Utilities Corp AQN 0.18 0.17 0.060 100 4.08 Bank Ozk OZK 0.32 0.31 0.032 68 2.72 ∑ = 35.20
July’s dividend increase adds $196.46 in annual dividend income! On top of that, July’s dividend increases are the equivalent of investing an extra $5,613.14 of new money at 3.5% yield! SWEET!
Net worth resumed its descent!
Let’s do the numbers…
Another month of cash building. And while it wasn’t on purpose, I’ll take it! I don’t have any (expected) big cash expenses coming up other than property taxes… and that is pretty much accounted for now.
In July, our electricity bill decreased to $218 for the month and our gas bill remained about the same at $36. That totals to $254. While July was really hot, we are finally getting used to our 76 degree setting in the house and not using the AC as much.
Nothing new on the rental. Rent came in on time, and no service calls.
July’s dividend income is always a little lack luster! Especially when you compare it to last month’s haul. However, the progress and growth and apparent. The dividend increases this month was minimal, but it all adds up!
Net worth has turned the corner with the market. And while I hope this trend continues, I have a feeling it won’t.
I will continue to invest every month, but perhaps a little slower than the previous few months.