July 2018 Dividend Income Up 342% YoY

Well, the month of July is already in the books. And it was a hot month in the Netherlands this year. Man! We had two heat waves in two weeks, unfortunately without Martha Reeves and the Vandellas. ☺️ I can’t wait to write another blog post about the progress of my dividend income. These blog posts are my favourites. As months go by I can clearly see the solid YoY growth and where I’m heading for FY 2018. This is gong to be a very good year in terms of growth and diversification. But, for now the month of July!

Income Numbers 

The total amount of dividend income in the month of July was $165.45. In this month two companies paid me more dividends per share than three months ago. Good old Realty Income increased their dividend with 0.46% and Philip Morris paid me 6.54% more than last quarter. My dividend income for this month was divided by:

Bank of Nova Scotia (BNS) – $28.23

Kimco Realty (KIM) – $58.80

Walt Disney (DIS) – $4.20

Altria (MO) – $27.30

Realty Income (O) – $3.74

Philip Morris (PM) – $6.84

Ventas (VTR) – $36.34

This totals to an amount of $165.45. My dividend income in the month of April was $134.49 so that’s a very welcome increase of 23% QoQ.

My passive income in the month of July last year was $37.45 so that’s a big increase of 342%. Wow! The difference comes from backing up the truck with various REIT stocks which have traded at very low valuations last year. This led to very high dividend yields at that time. REIT stocks have climbed out of the valley lows last weeks. As I wrote two months earlier: if prices continue to increase; I’m good with that. In case of another price decline I may add to my position of Kimco Realty and Ventas. I think these are terrific, well-run companies with well covered yields by FFO. So, according to me, there isn’t really a bad case scenario. During the month of July I also benefited from my nice position in MO which I’ve been building up quite conscientiously the last twelve months. The share price of this beaten down stock and PM still look very attractive although they’re facing some challenges. BNS has been a solid deliverer for me: always a higher than average dividend yield and a nice annual increase. What more could you wish for?

This leads to the next graph:

5157DBC5-EE33-4CBA-B6D7-02BEB26D4150.png

I already collected $932.23 this year whereas my total dividend income in 2017 was $827.71. Hitting it! We’ve only just begun with the second half year of 2018 so I’m very pleased with my progress in terms of percentages and dollars.

Stock Positions

One of my priorities for the coming months is to diversify my dividend growth stock portfolio. Only seven companies paid me a nice dividend and at the same time I’m heavily dependent of a small number of REIT’s. We’ll see which stocks are on sale in the upcoming period. Last month I added to my position in AT&T by buying 24 more stocks at a share price lower than the average price of my stake. Stocks which I would love to buy at a low or at least a reasonable valuation are Cisco (CSCO), Illinois Tool Works (ITW), Kimberly-Clark (KMB), Legget & Platt (LEG), Medtronic (MDT), Stag Industrial (STAG), STORE Capital (STOR) and Toronto-Dominion Bank (TD) for example.

I’m very curious how you did this month. Please share your progress and insights. I’m sure you had a good month too.

Thanks for reading.

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16 thoughts on “July 2018 Dividend Income Up 342% YoY

  1. Congratulations on the well received dividends! keep up the awesome work. I will be checking back as you progress!

    dr. Divivend

    Like

    • TD, thanks for your visit. I’m a bit amazed by your kind words of being a source of inspiration. Thank you so much! It gives me another reason to blog as much as possible. Feel free to comment, because I really like the interaction with members of the DGI fellowship. Good luck with month 08. 👍

      Liked by 1 person

  2. Another blog i will read in a weekly basis. It’s good to read diferents opinions.
    Can i ask you if the dividend you receive are tax free? I’m from Portugal and to folow a strategy like this it cost me a 43% tax. I only keep to my self 57% of the dividend i get.

    Like

  3. Hey DC. A record month based on the chart. Congrats!
    You’ve had some nice YoY growth for several months this year. Outstanding work.
    Amazing that you’ve eclipsed last year’s dividend total already. Impressive!
    From your watchlist, I’ve got my eyes on ITW.

    Like

  4. Hi DC,
    First time visiting here and I can see that you are seriously crushing it in the dividends game! What an increase from last year! Great job and I like your strategy going forward.
    WIll be coming back to check your progress for sure 🙂
    -BI

    Like

  5. DC – Amazing, simply amazing. That growth is incredible and I love the names you are receiving dividends from this month. Keep up the great work! I also love some of the names on your watchlist and I initiated a position in ITW.

    Bert

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  6. Great stuff DC, love your positions in DIS BNS, PM and VTR. I’ve look at them all in the passed but missed my opportunities. Nice income for a generally slow month of dividends, keep up the good work!

    DI

    Like

  7. Hi

    It has been a hot summer in Europe

    Iam a dividend investor just like you and I want to thank you for quality posting. I have made a blog site similar to your to keep tracking my divindend its in English and I invest mainly in Swedish Stocks

    Check out my dividend history its not as impressive as yours but hopefully i will be there where you are some day. /

    https://swedendivin.se/

    Greetings from Sweden

    Ps Also can i ask you what you work with? 🙂

    Like

  8. Hi Dividend Compounder
    That‘s an impressive YoY growth, keep it up, with these solid stocks you have a great basis for further robust passive income growth.
    I own some DIS stocks as well and had an eye on Altria and Philipps Morris. I already have shares of their European peers BAT and Imperial Brands.
    Cheers

    Like

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