Dividend income of July 2016

Logo Dividend IncomeAready a month has passed since I started blogging. And now it is time for my 2nd Dividend Income report! As a dividend growth investor I like to track my dividends and the growth of that dividend. That’s why I monitor my dividends on a monthly basis. In the end, the dividend provides an income that accelerates my investments and that can provide me with passive income later in my life. And that’s a goal we all have in common I asume!

Most readers of this blog will know that I started not to long ago with dividend growth investing and because of that my dividend income is still very low. However, we all have to start somewhere and my goal is to grow the dividend income year over year. As soon as my investment life is longer than 1 year I can start comparing income to last year. My first check was send to me in december 2016 as you can see on my dividend income page, so in december of this year I will see the growth at work!

Dividend Income of July

Now let’s see what July got me this year!

Company name Ticker Dividend
Toronto-Dominion Bank TD € 4,15
Total € 4,15

Actually, July is my worst month for dividend income since I started with dividend growth investing. Only 1 company paid me this month and it is one of the smaller holdings that I own. The reason that this month is smaller than april or january which belong to the same payment schedules is because Walmart has a strange payment schedule. They pay in January, April, June and October. So there is a 2 month gap and a 4 month gap in there schedule. The result is that my June income was  higher and my July income lower than the other months in the same schedule.

 

Dividend increases

There where no dividend increases in July.

 

Contributions and purchases

This month I contributed € 500,00 to my brokerage account. With the money that was already waiting there to start working for me I had enough for another purchase. I bought 41 shares of CCP of which you can read more here. This increased the value of my portfolio with roughly € 1.100,00 Euros. You can see my total portfolio here. I’m happy to have this extra cash working for me so that I can grow my dividend payments for the time to come!

 

Conclusion

As you can see my dividend income for July was a bit disappointing. The schedule of Walmart pays a part, but on the other hand, there are just not much companies that pay in January, April, July and October. Well, at least not in my portfolio. I know people that diversify for payment schedules, but I don’t want to do that. When you live of your dividends I imagine this is very important, but for me it’s more important just to buy the best value for money that I can get and not look at the payment schedules.

For now, I just keep working on building my portfolio to make sure that next year the payment will be higher! The purchase of CCP is a nice step in the good direction.

How was your July dividend income? Did it grow a lot? Did you have some nice dividend increases? Share your thoughts in the comment section below!

12 thoughts on “Dividend income of July 2016”

  1. 4 euro that start working for you! And keep working.
    So that is not bad.
    Just keep up the good work and your snowball will rolling faster and faster

    Cheers,

    Pollie

  2. You took the most important step for being a dividend growth investor, you started. I’m happy to have found your blog and eager to follow along your dividend growth journey. Watch that € 4,15 grow and grow over time as long as you stick to solid dividend payers and raisers and don’t buy unsustainable yield. Love TD. I have it in my ROTH along with BNS and RY too. Thanks for sharing.

    1. Thank you for the support DivHut! I’m happy to see you back here!

      I started my position in TD and RY earlier this year. Great banks! I was looking for financial institutions that keep growing dividend and that have a low risk profiles since I don’t like banks in general. I think the Canadian banks fit this picture pretty well. Over the long term, I also expect some nice price appreciation, but no guarantees, so we’ll see.

  3. Congrats on your dividend. Crawling leads to walking, skipping, running, then sprinting. It’s the same for dividends. Keep pushing. I cannot wait to see your year-over-year dividend increases.

    1. It seems to be for most DGI. There are just little stocks paying the first month of each quarter. But in the end that doesn’t matter I guess unless you want a constant stream of income.

      Thank you for the comment!

  4. I’m sure when I started I had plenty of months with no dividends. But slowly and surely I built up and continue to do so. Once that proverbial snowball gets rolling it won’t stop.

    1. I’m sure it will. But it takes patience to get there. I guess that’s the hardest part.

      At least I have dividends in every month now. Although it’s not always a lot as you can see. 🙂

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