The first half of the year is gone… crazy how quickly time moves these days. Being a dividend growth investor that tracks everything really does put a daily timestamp on life. It really makes you to see time flying by (or maybe I’m just getting older).
Anyway, this month’s dividend income and net worth report came in strong with another personal best for dividend income. I broke my records for everything I track – hopefully that will be the name of the game for years to come!
June Dividend Income
I am super excited to share this months dividend income. As you know, this is a big payment month… and I have a new record number of companies depositing cash into my account.
This month I received $1,580.20 in dividend income! On average, I was paid $28.72 from 55 different companies!! This month’s dividend income is a solid 117.86% increase over June 2107.
That’s $854.85 more dividend income than last June!
Dividend Income - June 2018
|01/06/18||Delta Air Lines, Inc.||DAL||30.50|
|01/06/18||Ford Motor Company||F||50.88|
|01/06/18||J M Smucker Co||SJM||15.60|
|01/06/18||W W Grainger Inc||GWW||40.80|
|06/06/18||United Parcel Service, Inc.||UPS||24.57|
|07/06/18||Discover Financial Services||DFS||10.50|
|08/06/18||Honeywell International Inc.||HON||20.12|
|09/06/18||IBM Common Stock||IBM||102.05|
|11/06/18||Exxon Mobil Corporation||XOM||124.52|
|12/06/18||Walgreens Boots Alliance Inc||WBA||20.00|
|12/06/18||Johnson & Johnson||JNJ||46.94|
|14/06/18||Home Depot Inc||HD||92.70|
|15/06/18||Realty Income Corp||O||61.21|
|15/06/18||STAG Indl Inc/SH SH||STAG||11.83|
|15/06/18||Main Street Capital Corporation||MAIN||25.58|
|20/06/18||Dominion Energy Inc||D||52.61|
|1/6/2018||Wells Fargo & Co||WFC||23.91|
|12/6/2018||Tractor Supply Company||TSCO||4.67|
|18/06/18||Duke Energy Corp||DUK||34.44|
|29/06/18||Travelers Companies Inc||TRV||20.02|
|29/06/18||CROWN CASTLE In/SH SH||CCI||8.40|
|29/06/18||Union Pacific Corporation||UNP||11.75|
|6/6/2018||UNILEVER N.V. Common Stock||UL||12.45|
|10/6/2018||United Technologies Corporation||UTX||2.80|
|11/06/18||Emerson Electric Co.||EMR||3.88|
|15/06/18||Kraft Heinz Co||KHC||6.25|
|15/06/18||Molson Coors Brewing Co Class B||TAP||5.33|
|22/06/18||BP plc (ADR)||BP||6.00|
|22/06/18||Lockheed Martin Corporation||LMT||6.00|
|26/06/18||UnitedHealth Group Inc||UNH||4.50|
|29/06/18||T. Rowe Price Group Inc||TROW||11.90|
|∑ = 1,580.20|
Here is a chart of my passive dividend income progress over the last 3 years.
The dividend portfolio has been updated.
This month’s dividend income covers pretty much all my monthly expenses. I’m only missing a little – property taxes and insurance!
June Dividend Increases
Here are the realized dividend increases I was awarded this month… a grand total of 13 dividend increases! Cha ching!
Dividend Increases - June 2018
Name Ticker New Div Old Div % Increase Ex-Date Payment Date Phillips 66 PSX 0.80 0.70 14.29% 5/18/18 6/1/18 W W Grainger Inc GWW 1.36 1.28 6.25% 5/11/18 6/1/18 IBM Common Stock IBM 1.57 1.50 4.67% 5/9/18 6/9/18 Exxon Mobil Corporation XOM 0.82 0.77 6.49% 5/15/18 6/11/18 Johnson & Johnson JNJ 0.90 0.84 7.14% 5/25/18 6/12/18 QUALCOMM, Inc. QCOM 0.62 0.57 8.77% 5/29/18 6/20/18 Tractor Supply Company TSCO 0.31 0.27 14.81% 5/25/18 6/12/18 Travelers Companies Inc TRV 0.77 0.72 6.94% 5/25/18 6/12/18 PepsiCo, Inc. PEP 0.93 0.81 15.22% 5/31/18 6/29/18 Invesco Ltd. IVZ 0.30 0.29 3.45% 5/10/18 6/1/18 UNILEVER N.V. Common Stock UL 0.48 0.45 7.57% 5/3/18 6/6/18 UnitedHealth Group Inc UNH 0.90 0.75 20.00% 6/15/18 6/26/18
2108 Half Year Dividend Income Results
2018 has been an interesting ride. We’ve seen some volatility in the markets that has given us some opportunities to pickup some decent dividend growth stocks. Here are the purchases that I’ve made this year.
- January Buys
- February Buys
- March Buys
- April Buys
- May Buys
- June Buys
- Total dividend stock purchases: $79,933.49
*The majority of the money for these purchases came from my 401k. Our plan changed last year which allowed us to manage our own account.
Dividend Income Received in 2018
Net worth continues to grow as I pay down mortgages and invest in the market.
Let’s do the numbers…
Alright, so I finally decided to do something with all that cash from rental property #1 the sale. Here is the plan, I’m going to keep it in cash.
After looking around, I discovered that there are plenty of online savings accounts with some decent yields (best I could find is 1.85%). I opened a new online savings account to hold cash for a little while and I’ll keep some powder dry. While the cash is safe, I am loosing a little to inflation (currently around 2%). I can deal with that.
Since I won’t be using proceeds from the sale of rental property #1 to pay off my mortgage right now, I’m going to have to keep paying my mortgage monthly. However, this does enable me to have some striking power if/when I see some rental properties in my area. I would love a duplex, but I haven’t seen anything affordable in quite some time. I’ll keep my eyes out for them.
I haven’t heard anything about my property tax dispute. I guess I should contact the guy I paid to see how things are going.
I couldn’t be more pleased with this month’s dividend income and net worth results. I seem to be in a decent groove here and I hope this keeps up. My half year dividend income for 2018 is 196% (almost $4,000) more than last year! I’m going to keep my investing limited to 2,000 – $3,000 a month (even with that large cash position calling my name). It’s going to take some real discipline to not just throw it at the market all at one time.
How were your half year results? Are you keeping some cash on the side just in case we see a nice correction?