Monday, July 1, 2013

Dividend Update - June 2013

Yet another month has rolled by and this one actually closed out the first half of the year.  Really??  Well the end of another month means it's time again for my favorite monthly update, my dividend update.  June was the best month I've ever had in terms of dividends surpassing the previous best from March.  Most of my holdings pay on the March, June, September, December schedule so those are always high months but June set a personal best record.  It was nothing to write home about when compared to some of the other bloggers/investors out there but it was progress.  And you can't really compare yourself to others when it comes to investing because we all started at different times and have different goals and capabilities.  Although I am trying to catch up to some of those that are ahead of me.

I received a total of $433.93 in dividends in my FI portfolio in June and have received a total of $1,025.23 through the half of 2013.  After May's zero payment month for my Roth IRA, June brought a much welcomed 4 payouts.  In my Roth IRA I received a total of $47.39 in dividends raising the total for 2013 to $105.80.  There's still a decent chance of hitting my goal of $2,750 in dividends/option income for 2013 by dividends alone.  As of now I'm going to be a bit short, but that assumes that I make no further purchases.    For my FI portfolio this was a 23% increase over March and 606% increase over June 2012.  Now that's some solid progress.  I passed the $1,000 mark in dividends for a year for the first time, which isn't a goal per se, but it's still a nice milestone since it means I'm averaging over $170 in dividends per month.

My FI portfolio's forward 12-month dividends increased by $457.94 from May to $3,001.02.  At this rate I'm going to average over $250 before any future investments, reinvestments, or dividend increases.  This is 85.74% of the way towards my goal of $3,750 in forward dividends by the end of 2013.  The big increase was due to the multiple purchases that I had made throughout the month.  Most of the purchases weren't bargain prices, but at what I believe to be fair value for high quality.  You can't really go wrong with that as a investment theme whenever the markets act like they have so far this year.  I added shares of some high quality names such as Phillip Morris, Chevron, ExxonMobil, Coca-Cola and Wal-mart during June and I'm excited to get those dividends rolling in.

FI Portfolio - Dividend Income
Company Dividend Amount DRIP Shares
Wells Fargo (WFC) $16.05 0.396
ConocoPhillips (COP) $11.27 0.180
Bank of America (BAC) $1.61 0.128
McDonald's (MCD) $80.15 0.814
Intel (INTC) $33.61 1.388
Halliburton (HAL) $83.01 --
Phillips 66 (PSX) $2.54 0.038
Emerson Electric (EMR) $14.69 0.261
Walgreen's (WAG) $18.77 0.381
Harris (HRS) $30.30 0.605
Cummins (CMI) $11.61 0.099
Target (TGT) $36.20 0.513
Aflac (AFL) $15.86 0.287
Lorillard (LO) $27.50 0.647
BP (BP) $21.60 0.500
Microsoft (MSFT) $9.20 0.260
Centerpoint Energy (CNP) $19.96 0.862
June Total $433.93
2013 Total $1,025.23


Roth IRA - Dividend Income
Company Dividend Amount DRIP Shares
Wells Fargo (WFC) $7.76 0.191
Tower Group (TWGP) $9.57 --
Wal-mart (WMT) $4.31 0.056
Norfolk Southern (NSC) $25.75 0.339
April Total $47.39
2013 Total $105.80

I've updated my Dividend Income page to reflect June's changes.

How did your dividends do in June?  Set any personal records?

14 comments:

  1. Yes, very hard to believe that half the year is over.

    Nice job on dividend income. I agree with you that comparing your progress to others is not very helpful. If you can make comparisons based on how much progress is being made in relation to the goal that is a little different, but a dollar for dollar comparison is not apples to apples for the very reasons you outlined.

    Wish you continued success in your investing endeavours...

    The Stoic

    ReplyDelete
    Replies
    1. Stoic,

      This year is flying by, just as they always do. To me that's all the more reason to focus on achieving FI as early as possible.

      Best of luck on the RE rehab. That will definitely be an interesting experience.

      Thanks for stopping by!

      Delete
  2. Nice month and congrats on hitting the $250/month mark. Keep it up!

    ReplyDelete
    Replies
    1. AAI,

      It's great to see the $250 mark although since my wife and I are planning on buying a house the 2nd half of the year that's going to take a bit of a dip since I won't be able to reinvest my HAL shares that should get called away later this month.

      Thanks for stopping by!

      Delete
  3. woohoo...grats on the increasing income!

    ReplyDelete
    Replies
    1. daebu,

      Got to love increasing the passive income. And it's even better when the companies I own announce a raise.

      Thanks for stopping by!

      Delete
  4. Pursuit,

    Awesome work, my friend. Keep it up! Another great month of passive income. :)

    Best wishes!

    ReplyDelete
    Replies
    1. DM,

      I'm sure you had an outstanding month as well. I'll be looking forward to see just how much passive income you were able to bring in.

      Thanks for stopping by!

      Delete
  5. Great job on the personal best. You may well break that record again before the year is up!

    ReplyDelete
    Replies
    1. Gareth,

      As of now that will be broken in Sept or Dec but as I mentioned above I'll most likely be having some of my HAL (ESPP) shares called away this month but with my wife and I looking to buy a house I won't get to reinvest that cash. I should still beat that mark though since I'll still have plenty of capital to add throughout the rest of the year.

      Thanks for stopping by!

      Delete
  6. Wow, big month and your new purchases (solid names there in WMT, KO, CVX and such) will make your other months more profitable as well. Curious why your not dripping HAL?

    Cheers,
    CD

    ReplyDelete
    Replies
    1. Captain,

      It was a great month and even better to see some concrete progress. I really liked the new purchases I was able to make even though they weren't at bargain prices but what I deemed to be around fair value. I can't wait for those dividends to start rolling in.

      HAL is my employer and I acquire the shares through the ESPP program. Since I get more shares every 3 months I didn't think it prudent to DRIP as well. Plus HAL isn't exactly a consistent grower. They did raise the dividend within the last year but I think the previous raise was about 5 years ago. If only I worked for KO...

      Thanks for stopping by!

      Delete
  7. Very nice, especially the $400+ in dividends. You've done well in the first half of 2013 -- keep it up!

    ReplyDelete
  8. DGM,

    You had a solid month as well. Your dividend income is much smoother than mine. I wish mine was spread out a bit more. Best of luck with moving and starting the new job. That's going to be very exciting!

    Thanks for stopping by!

    ReplyDelete