Dividend Update - July 2014
July was fairly steady as she goes as far as dividends with just a slight increase from April but progress is progress. These dividend updates reflect all dividends that I receive through my investing pursuits and I hope can help inspire you to take control of your own finances and invest to build a passive income stream. What you use that stream for is up to you, whether it's to fund early retirement, just provide some FI/FU money, or even to provide for an annual vacation; the key is that it can provide options and opens up all sorts of possibilities. You can check my dividend income or progress page to see what dedication to an investment plan can give you. I was able to set a personal best in dividends received during March which is great motivation and helps to keep me on track.
I received a total of $208.80 in dividends in my FI portfolio in July and have received a total of $2,201.61 through July which is just $345 shy of what I earned in all of 2013. I'm now 48.9% of the way towards my goal of $4,500 in dividends received for the year so there's quite a bit of work to do to catch up. It's not a lost cause yet but will really depend on the timing of purchases to capture as many dividend payments as possible, but I still have a bunch of capital at the ready. The dividends in my Roth IRA give a purer view of dividend growth investing at work since I haven't been able to make additional contributions. For my Roth IRA in July I received $19.98 and have received a total of $122.77 so far this year. That's about $9 ahead of July 2013's total so it's pretty good to see growth, albeit slow. For my FI Portfolio, June saw a pretty meager $5 increase, 2.4%, from April 2014 but an absolutely wonderful 115.7% increase year over year.
I wasn't very active through most of July, actually the first purchase didn't come until the 25th when I bought shares of Visa (V) and General Electric (GE). That was exactly one month since my last purchase. Well on the 30th I also added to my position in Realty Income (O). I would really like to get a rental property in the mix but I still have my doubts so in the meantime I'll continue to invest in high quality REITs. Mr. Market decided to go a little crazy to close out the month and I added to three positions on Thursday with both the DJIA and S&P 500 selling off nearly 2.00%. I'll get a post up about those purchases next week but if you want to get fairly real time updates of any purchases I make then be sure to follow me on Twitter@JC_PIP. All of that is a long way to say that with the purchases I made and dividend increases from two of my holdings my FI Portfolio's forward 12-month dividends are now at $4,813.82. That's 96.3% of the way towards my goal of $5,000 by the end of the year and I expect to pass that rather handily. My Roth IRA's forward 12-month dividends increased to $231.39 through dividend reinvestment alone.
Below is the chart showing the monthly dividend totals for each year that I've been investing as well as the monthly average. It's not always an increase as some companies have weird payout schedules and eventually some positions will get dropped, but the long-term trend is what matters. It's great to see that my 2014 average through July is at $314.52 and well above 2013's monthly average of $212.23. The last 3 month average is even better at $352.77. With more contributions/investments and expected dividend increases the gap should continue to widen.
|Company||Dividend Amount||DRIP Shares|
|EOG Resources (EOG)||$1.01||--|
|Phillip Morris (PM)||$58.85||--|
|Realty Income (O)||$10.18||--|
|General Electric (GE)||$24.47||--|
|Baxter International (BAX)||$20.28||--|
|American Realty Capital Properties (ARCP)||$16.03||--|
|Company||Dividend Amount||DRIP Shares|
|JP Morgan Chase (JPM)||$8.57||0.146|
I've updated my Dividend Income page to reflect July's changes.
How did your dividends do in July? Are you on target to reach any of your dividends goals for 2014?