Dividend Update: August 2015
What a fun ride this choppy market has been. Stock prices have been falling to lows not seen in years but my dividend payouts keep rolling in and growing stronger. I’m automatically reinvesting those dividends while continuing to contribute fresh capital into businesses that have histories of raising their dividends each year. One day I hope to live off of this stable and reliable dividend income.
In August I received dividends from 8 of my 26 holdings totaling $180.76. They all got reinvested as I locked in an additional $8.58 in forward annual dividend income. At the end of the month, my 12-month forward dividend income stood at $2,400.21 or an average of $200.02 each month. Here’s a snapshot of my payout activity:
August’s total dividends of $180.76 grew 59.06% over last quarter’s $113.64 in May. Going back further, that increase was 121.11% over last year’s $81.75. Here’s my updated dividend payouts chart:At the start this year I set out to receive $2,050 in dividend income. After seven months, I’ve crossed four figure dividend income for the first time in a single year by earning $1,074.72 through August so far. Here’s an update of my 2015 dividends received goal:Two businesses I own announced dividend raises during the month. The first from Bank Of Nova Scotia was a 2.94% increase in Canadian dollars, however due to current exchange rates I left it off the chart below which shows the other raise I received over the month from Altria (MO).Last year in August, I had only received $448.76 in total lifetime dividends. One year later, that number increased 325.41% to a new total of $1,909.06. Here’s an updated chart:I’ve managed to make two purchases in September so far which I’ll be posting about soon and I wish I could make more with all the bargains out there. I have a few unpaid weeks off for the wedding and honeymoon next month so cash might be a little tight as I put the finishing touches on our budget. I’m really hoping to find some room to buy one more holding though and am leaning toward adding more BP, KMI, UTX, or initiating a position in PX. I’m very fickle though and those choices may change in an instant with all the other businesses up for grabs. Happy hunting my fellow investors.
How is your September so far? Have you been buying the dip?