Still Going Strong: A 58% YoY Growth In Dividends For August

Everything is back to normal over here; the summer vacation is over, our kids are back to school and the usual wet and windy weather has returned. Time has flown by. Meanwhile, the dividends haven’t stopped from rolling in ☺️. August was a month of several big price drops which gave us as long term investors some pretty good opportunities to buy good companies at reasonable prices. Fortunately, I had some cash at hand to take advantage of these price swings. Here’s my score of the month of August.

Income numbers

For this month my total amount of dividend income was $331.12. This is the highest amount of monthly dividend income so far and it’s also my first month above the $300 threshold. Hallelujah! This is so inspiring.

Three companies paid me more than last quarter as a consequence of a raise or larger position. The dividend payment I received from Abbvie (ABBV) has increased from $18.19 in May to a nice $56.71 in August. Realty Income (O) paid me $3.85, just a penny more than in May. Delta Air Lines (DAL) increased its quarterly dividend with 15.00% which resulted in a dividend of $9.26 for this month. Here’s the breakdown:

Apple (AAPL) – $16.94

Abbvie (ABBV) – $56.71

CVS Caremark (CVS) – $17.00

Delta Air Lines (DAL) – $9.26

Realty Income (O) – $3.85

Omega Healthcare (OHI) – $66.00

Starbucks (SBUX) – $16.92

Tanger Factory Outlets (SKT) – $51.83

AT&T (T) – $85.68

Texas Instruments (TXN) – $6.93

This makes the total amount of dividend income for this month a nice $331.12. My dividend income in May 2019 was $291.38 so that’s an increase of 14% QoQ. My passive income for August 2018 was $209.12, so that’s a very welcome 58% YoY growth. This means another high double-digit growth number, I love it! Here is the graph that shows all monthly dividends YTD as compared to last year:

7C7D3C91-BCA0-4B41-AC71-1B9E41B8F24C

Transactions during August

I added to three positions at lower prices than my average buy price, locking a higher dividend yield than I already had. This leads to a higher yield on cost. I bought 7 stocks of Abbvie (ABBV), 3 stocks of 3M (MMM) and 10 stocks of Altria (MO). The details are as follows:

F9CE049A-441D-4EE0-9384-541EB5BC6F71I now own 60 stocks of Abbvie (ABBV), 29 shares of 3M (MMM) and 97 pieces of Altria (MO). That’s getting serious.

Looking Forward

I earned $1,938.34 in dividend income YTD, which means I surpassed the FY 2018 dividend income of $1,793.09.

Some companies in my portfolio are still trading for low or reasonable valuations. at the moment. In addition to the three bunsiness above, I can think of CVS Caremark (CVS), AT&T (T), Exxon Mobil (XOM) and Wells Fargo (WFC). I’ve also had my eyes on Bank of Montreal (BMO), Johnson & Johnson (JNJ), Simon Property Group (SPG) and the Toronto-Dominion Bank (TD).

Altria (MO) and Philip Morris (PM) confirmed their talks about a potential all-stock “merger of equals.” A combined company could be worth more than $200 billion. I’m curious how this one will play out.

Did you buy a number of companies during the price swings in August? Please let me know.

Thanks for for your time.

Happy investing!

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7 thoughts on “Still Going Strong: A 58% YoY Growth In Dividends For August

  1. Compounder –

    Great month! I see you averaging down over there, I love it!

    As for PM and MO… that would have to take quite some time to figure out the end company, management team, the shareholders, etc.. If anything happens, I would state we are years away… but that’s just my gut 🙂

    -Lanny

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  2. Heel herkenbaar. Ook ik heb MO en ABBV bijgekocht afgelopen maand en JNJ en MMM staan op de nominatie om verder uit te breiden. Over SPR heeft dekleinekapitalist.nl een mooi stukje geschreven en die wil ik ook aanschaffen.

    kortom keuzes, keuzes.

    Maar het is mooi en inspirerend om jouw portefeuille en dividendinkomsten gestaag te zien groeien. Top.

    Ik blijf je volgen en volgens mij zitten we qua ideeën over investeringen grotendeels op een lijn.

    gr

    Dividendbelegger

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    • Hey, een reactie in het Nederlands. ☺️

      Leuk om te lezen dat we dezelfde aandelen nauwlettend in de gaten houden. SPR komt me niet bekend voor; ik zal daar binnenkort even op Googlen. Het is iedere maand weer een luxeprobleem welk aandeel te kopen, en of je voor dividendpercentage, groei in dividend, onderwaardering, etc. gaat.

      Bedankt voor de aardige woorden. Ik ga binnenkort even jouw score voor Augustus lezen. Veel succes!

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  3. Congrats on surpassing the $300 mark in monthly dividends, DC! Nothing feels better than progress. T looks like a big income contributor in your portfolio. The performance has been quite well recently and the market seems to react favourably to what they are doing. Things are starting to look better for them. We’ll see what the future holds.
    -SF

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    • Thanks Snug. It’s such an amazing investing strategy. T is indeed a big one this month and I should have bought me another bunch when they traded below the price of $30. But in retrospect, that’s always easy to say. Isn’t it? I’ll check out your numbers for August. 👍

      Like

  4. That seems like an awesome month! We share no less then 5 companies albeit that your portfolio is a bit bigger 😉

    Keep it up, your progress is inspirational.

    Oftwel goed bezig! 😉

    Like

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