I received $91.63 in taxable July 2018 dividend income.
My life these days consists of saving hard for a wedding! I keep building my emergency fund as well. I’ll probably carry double the emergency fund that I did prior to my surprise bathroom project. That was a lesson!
You can actually see where my dividend income stagnated around December 2017 to June 2018. Now, my recent contributions are kicking in and I can see my chart trending up again. I’m happy about that! But, I’m honestly even happier that I’ll have a more solid savings in place for upcoming life expenses and any other surprises that may come up.
July 2018 Purchases
7 shares of Vanguard Total Stock Market ETF (VTI) @ $144.84/share
Now that I’m making decent contributions into my taxable account again, I want to stay disciplined and keep building my total stock market ETF. This pays a dividend that generally grows over time, and gives me exposure to companies I like but who don’t pay dividends, like Amazon. I got this purchase in right before the end of the month.
2 shares of McDonald’s (MCD) @ $156.97/share
This purchase makes McDonalds a significant dividend payer in my portfolio. I’d like to keep building it into one of my top ten holdings!
1 share of Visa (V) @ $132.44/share
I remember reading only a few months ago that Visa wouldn’t be able to maintain $100/share. I’d rather bet on Visa than against them. The low yield keeps this off a lot of dividend growth investors’ radars, but low current yield is one of the outcomes when share price climbs so steadily!
1 share of Walt Disney (DIS) @ $104.85/share
When I think of companies that will be around when I die, Disney is the definition of that. I was overdue to add some DIS to my portfolio after holding my original purchase from when I first started investing.
2 shares of Accenture (ACN) @ $166.97/share
Besides rapid dividend growth and low payout ratio, why am I loving Accenture these days? Accenture can work for just about any company to help make them better. Also interesting is Accenture’s ability to bring blockchain technology into companies to streamline their operations. I’m excited about blockchain applications in real life (aside from Bitcoin), and Accenture gives me exposure to blockchain technology.
1 share of 3M (MMM) @ $202.33/share
Similar to DIS, I picked up MMM early in my dividend growth investing days. It started as one of my main holdings, but has since fallen down my list as I grow my portfolio with other companies. Also similar to DIS, it was time to grow my MMM holding a bit to keep it well-represented in my portfolio. I still love the company, its products, and its legendary dividend growth history.
July 2018 Dividend Growth
A very quiet month! I was spoiled the last few months. Still, I will take it. My July 2017 dividend raises were similarly quiet.
My dividend increases in July totaled up to $2.11 in additional annual income, which would have required $92 of additional investments at my current portfolio yield of 2.30%.
July 2018 Forward Dividend Income
I’m very excited to add this visualization to my monthly updates! This layout is thanks to Engineering Dividends, who gave me permission to use their format with my own data. I highly recommend following Engineering Dividends.
- Reinvested Dividends: my monthly dividend income reinvested at my average 2.35% dividend yield. No additional work required on my part.
- Dividend Raises: the sum of my dividend raises for the month. No additional work required on my part.
- Investment of Capital: the number of shares I purchase for the month multiplied by the current annual dividend payment for each stock. This comes directly from additional work on my part.
My goal is to keep Investment of Capital steady each month, and gradually watch my income from Reinvested Dividends and Dividend Raises increase over time. It’s amazing that I actually have more forward income this year due to Reinvested Dividends and Dividend Raises (which I didn’t have to work for at all!). This is because I’ve been coasting this year while replenishing my emergency fund, etc. My Investment of Capital will increase, but in the long run, my Reinvested Dividends and Dividend Raises will eventually outpace my Investment of Capital permanently.
July 2018 Taxable Income
Head on over to my portfolio page if you’d like to see what companies pay me in other months!