Dividend Update - August 2019

dividend growth investing | financial independence | freedom | dividends
It's the end of one month and the beginning of another so it's time for my favorite update: my dividend update.  These dividend updates reflect all dividends that I receive through my investing pursuits. I hope they 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 open up all sorts of possibilities. You can check my dividend income or progress pages to see what dedication to an investment plan can give you.

My FI Portfolio, taxable account, produced $336.20 in dividends for the month while my Folio First portfolio chipped in another $2.05.  My Roth IRA added another $12.41 while my Rollover IRA contributed $191.04.  That puts my taxable account dividends at $338.25 with a total of $541.70 across all of my accounts in August.  

Making Money While I Sleep

The power of joining the ownership class is that those companies can work much harder for you than you can.  Think about it.  By myself I have to devote my own time to my regular job in order to make money.  However by buying a stake in a high quality business I now get to leverage my own time that I exchanged for money into companies that are working around the clock to make products or provide services for their customers.  Those companies are working 24/7/365 which means that I make money even when I sleep.

During August the companies I own paid me $17.47 per day or $0.73 per hour.  For the year those numbers are $23.79 per day and $0.99 per hour.

FI Portfolio

As I mentioned above my FI Portfolio produce $336.20 in dividends for August.  That's a rather uninspiring 0.4% increase from May.  

Compared to August 2018, which gives a better growth comparison, the increase was much better at 11.9%.  The YTD total through the end of August showed a 12.5% rise compared to the same period in 2018.

Roth IRA

My Roth IRA generated $12.41 in dividends for August.  That's a pretty modest 1.31% increase from May; however, that is due solely to dividend reinvestment.

The year over year comparison is moot since I didn't receive any dividends in August last year.  The YTD through August of each year is showing a very healthy 32.5% increase compared to 2018.

Rollover IRA

In March I mentioned how I will start reporting on my Rollover IRA.  The bulk of those funds are invested in dividend growth companies, although there's a few that aren't, so to give the cleanest picture I will show just the dividend growth investments during my monthly reports.  That being said I'm not too worried about any particular month/quarter of dividends since my current plan is to be a bit more active with these funds than I would in my taxable accounts.  

Companies fall in and out of favor with market participants throughout the year and I want to attempt to capture some of that change in emotion.  If I feel a company is undervalued I'll purchase shares and won't sell until the story changes or the market price hits what I feel is at least 1.3x "fair value".  This is just a little experiment that I wanted to try and if I feel it's too much hassle or that I'm constantly taking 2 steps forward and 1 step back then I'll revert back to my bread and butter buy and hold strategy.

My Rollover IRA produced $191.04 in dividends during August which was a 30.6% decrease from May.  The decrease was due to my shares in Colgate-Palmolive and AT&T being called away.  

Dividend Raises During the Month

The dog days of summer are here and fresh off the heels of just 3 raises announced in July, August followed up with 3 more.  I still can't complain about getting a pay raise for literally doing nothing.  You mean a company I own a piece of, albeit tiny, wants to pay out more of their profits to me just because I own part of the company?  Sign me up!  

Combined the 3 companies in my FI Portfolio boosted my forward 12-month dividends by $33.47.  Thus far in 2019 I've received 34 increases from 34 of 56 of the companies within my FI Portfolio combining to increase my forward 12-month dividends by $244.97.

Looking Forward

My forward 12-month dividends for my FI Portfolio ended August at $7,417.63 while my FolioFirst forward dividends are at $100.07.  That pushes the total taxable account forward 12-month dividends into a new threshold at $7,517.70.  My Roth IRA's forward-12 month dividends increased to $613.10.  My Rollover IRA's forward 12-month dividends are at $2,139.85.  Across all 4 accounts, assuming no dividend cuts or position size changes, I can expect to receive at least $10,270.65 in dividends over the next year.

Monthly Average

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, as we saw above, and eventually some positions will get dropped, but the long-term trend is what matters.  

The rolling 12-month monthly average for my FI Portfolio is at $562.89 per month which is $37.94 or 7.2% above 2018's monthly average of $524.95.
dividend growth investing | dividends | financial independence | freedom

Dividends Received Breakdown
Dividends | Financial Independence | Dividend Growth Investing
Dividends Received Breakdown August 2019

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

With September on deck, and somehow 4Q, how are you looking on your dividend goals for the year?

Let me know in the comments below!


  1. JC - You just continue to Crush it. I freaking love it. I love how many strong, solid dividend growth stocks you have in there. It is crazy how many we have in common. Honestly, I just love swinging by and reading about your progress.


    1. Berty,

      It was a solid month and September is shaping up to be a great end to Q3. I hope to start getting back to regular purchases soon which will just help spur things along even more. It's great seeing everyone's updates every month and checking in on their journey's. It really helps to keep me motivated.

      All the best.

  2. You are miles ahead of a huge segment of the North American population!

    1. Unfortunately, that's a very real statement. It seems like every couple months there's another "study" that comes out talking about the dismal savings/investing amounts that many people have or how little cash they have. It's crazy to me to think that a $100-$500 emergency would break so many people and I'm glad that we're not in that situation.

      All the best.


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