Dividend Update: June 2015
June is over, and it was another strong month for my dividend payouts. I’ve come a long way in the two years I’ve been investing; I’ve built my portfolio from the ground up to a value of almost $70,000 today. I was receiving zero dollars in passive income each month and after two years of commitment, contributions and compounding, I’m currently receiving an average of $178 a month. I invest in “best of breed businesses” that have histories of annual dividend increases, and those rising dividends will one day pay all of my expenses.
In June, I received dividend payouts from 12 of my 26 holdings totaling $205.51. Not bad at all considering the first time I broke the $100 mark in a month was in December. Here’s a snapshot of my payout activity:
I used my dividend reinvestment plan on all payouts except UL, WMT and TGT. I selectively invested those elsewhere, adding even more 12-month forward income to the $6.13 listed above. Every little bit of annual forward income helps, and I’m currently set to earn $2,139.69. With new contributions and plenty of dividend raises to come, I’m well on my way to bigger, better and more substantial dividend income. June’s total dividends of $205.51 grew 3.93% over last quarter’s $197.73 in March. Going back further, that increase was 298.97% over last year’s $51.51. Here’s my updated dividend payout chart:
Dividends are everything to my strategy and by setting goals and expectations, I can better track and predict my progress. I’m aiming to receive $2,050 in dividends this year, and after six months I’m sitting at just $773.20. Here’s what that looks like:
I tracked a similar goal last year and barely managed to complete it on the last month of 2014. I think it’s interesting how similar that chart compares to this year so far:Two businesses I own announced raises during the month and added $8.42 to my annual forward income. Thank you to Target (TGT) and Realty Income (O) for the following dividend increases:
Last year in June, I had only received $324.51 in total lifetime dividends. At the end of this month, that number increased 395.96% to a new total of $1,609.45. This is fast growing income, and here’s an updated chart:This weekend was Independence Day in America, and I met up with some friends and had a great time. It’s sad knowing that we have to return to work, but have hope by setting goals and aspirations to invest and earn passive income. True financial independence is a real possibility.
How were your dividends in June?