Dividend Update: July 2015
The stock market is dropping fast, and I can’t wait to see how much further it corrects. I’ve been buying on the way down and am eager to post about those transactions soon. I’m looking to add even more by averaging down on any of my holdings below 10% of their cost basis.
September is right around the corner, and I still haven’t posted about my dividend payouts from July; so here we go. I received dividends from 7 of my 26 holdings during the month totaling $118.85. Most of them got automatically reinvested, and here’s a snapshot of my payout activity:July’s total dividends of $118.85 grew 7.46% over last quarter’s $110.60 in April. Going back further, that increase was 179.65% over last year’s $42.50. Here’s my updated dividend payout chart:I’m aiming to receive $2,050 in dividends this year. After seven months, I’m sitting at $892.05:
Two businesses I own announced dividend raises during the month and added $4.73 to my annual forward income. Thank you to Kinder Morgan (KMI) and Omega Healthcare Investors (OHI) for the following dividend increases:Last year in July, I had only received $367.01 in total lifetime dividends. One year later, they’ve increased 370.91% to a new total of $1,728.30. This is fast growing income, and here’s an updated chart:I’ve put some serious capital to work by my standards in August and am excited to share it all soon. Don’t be scared of recent market noise, it’s what we’ve been asking for; so keep those purchases coming and secure those dividends. I know I will be.
How is your August so far? Have you been buying the dip?