I received $125.29 in taxable dividend income for July 2022. My first month of each quarter is not flashy. Since last year at this time, I have only added significantly to NVDA for a total of $1.04 in quarterly dividends. I also added a few shares of MDT and received small raises for the rest of the July payers.
| ticker | total_payout_2022 | total_payout_2021 |
|---|---|---|
| RSG | $22.08 | $20.40 |
| MDT | $21.76 | $16.38 |
| MO | $18.90 | $18.06 |
| KO | $13.64 | $13.02 |
| KMB | $9.28 | $9.12 |
| CINF | $8.97 | $8.19 |
| IFF | $8.74 | $8.47 |
| CSCO | $7.60 | $7.40 |
| CAH | $7.44 | $7.36 |
| EMN | $6.84 | $6.21 |
| NVDA | $1.04 | $0.00 |
| $126.29 | $114.61 |
I got some healthy payments from some of my more mature holdings. I’m happy to see these dividend kings and aristocrats generating dividends since I bought them years ago!
Dividend Growth
| percent_increase | annual_increase_dollars | |
|---|---|---|
| CAH | 1.06% | $0.31 |
| MDT | 7.94% | $6.40 |
| Total | $6.71 |
Cardinal Health has really disappointed in dividend growth since I bought a chunk a few years back. This year’s 1% raise is no different. I keep holding CAH since I planned to hold it forever when I bought it, but I’d love to see a bit more dividend growth and price appreciation.
MDT came through with a bit more healthy ~8% raise for me.
I would have to invest $433 at my current portfolio yield of 1.55% to produce this much income.
Forward Dividend Income
| Year: 2019 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $7.00 | $3.10 | $36.71 | $4.55 | $5.99 | $22.83 | $3.01 | $5.04 | $13.20 | $6.44 | $2.61 | $29.35 | $139.83 |
| dividend_reinvestments | $2.47 | $-12.99 | $3.47 | $2.02 | $2.05 | $4.22 | $1.80 | $1.60 | $6.79 | $1.78 | $1.78 | $9.57 | $24.56 |
| new_contributions | $-0.30 | $6.03 | $0.02 | $1.06 | $0.03 | $-0.51 | $188.35 | $276.00 | $147.06 | $93.04 | $146.50 | $32.79 | $890.06 |
| Total | $9.17 | $-3.86 | $40.20 | $7.63 | $8.07 | $26.54 | $193.16 | $282.64 | $167.05 | $101.26 | $150.89 | $71.71 | $1,054.46 |
| Year: 2020 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $1.44 | $8.76 | $18.54 | $-52.15 | $-22.73 | $31.08 | $3.81 | $0.00 | $19.47 | $4.96 | $20.70 | $26.81 | $60.69 |
| dividend_reinvestments | $1.88 | $1.55 | $10.38 | $9.07 | $1.78 | $7.85 | $-3.23 | $2.50 | $8.02 | $1.57 | $2.07 | $9.03 | $52.47 |
| new_contributions | $2.24 | $17.81 | $37.11 | $-1.16 | $9.41 | $6.34 | $-30.23 | $11.93 | $-0.25 | $0.19 | $19.35 | $51.72 | $124.48 |
| Total | $5.56 | $28.12 | $66.03 | $-44.24 | $-11.54 | $45.27 | $-29.65 | $14.43 | $27.24 | $6.72 | $42.12 | $87.56 | $237.62 |
| Year: 2021 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $1.08 | $9.35 | $28.05 | $5.84 | $8.97 | $33.05 | $5.49 | $15.20 | $8.72 | $10.96 | $23.99 | $27.55 | $178.25 |
| dividend_reinvestments | $1.61 | $1.62 | $8.89 | $1.64 | $1.95 | $7.12 | $1.21 | $1.83 | $8.37 | $0.92 | $1.30 | $7.12 | $43.58 |
| new_contributions | $68.26 | $59.71 | $67.00 | $61.99 | $56.84 | $101.67 | $42.09 | $75.06 | $54.36 | $31.38 | $30.54 | $39.28 | $688.17 |
| Total | $70.95 | $70.68 | $103.94 | $69.47 | $67.76 | $141.84 | $48.79 | $92.09 | $71.45 | $43.26 | $55.83 | $73.95 | $910.01 |
| Year: 2022 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| dividend_increases | $2.52 | $9.18 | $20.61 | $7.04 | $2.74 | $66.28 | $6.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $115.08 |
| dividend_reinvestments | $1.67 | $2.33 | $7.58 | $1.61 | $2.58 | $11.99 | $1.95 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $29.71 |
| new_contributions | $15.38 | $12.51 | $29.37 | $303.87 | $41.92 | $32.74 | $46.53 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $482.33 |
| Total | $19.57 | $24.02 | $57.56 | $312.52 | $47.24 | $111.01 | $55.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $627.11 |
After an exciting June, July was a little quiet. But that’s how much portfolio is built, and August will be another quiet month.
I’m adding consistent contributions so my portfolio can pull of its own weight sooner and sooner. Even despite a quiet July, I added $55 in forward income. I’ll take it!
Purchases – VTI
15.95 shares of Vanguard Total Stock Market Index (VTI) @ $196.54/share. Cost Basis: $3,133.87. Forward Income: $48.48/year
This is becoming my routine. Any contributions I can make in a month go toward VTI. I’m enjoying the discount I’m getting but I hope VTI continues its recent climb.