August 2016 Dividend Income

Hundred dollar bills in dividend incomeAugust is officially in the books and it is that time again to see the progress of the portfolio, which has brought another set of cash flow. Again, I will be reinvesting this cash into more shares of my favorite companies and essentially bringing in more dividends next time. Simple, but absolutely beautiful process. As far as the acquisitions are concerned, deals have been difficult to find in this Bull Market. Though, I have made a few purchases here recently of a few companies that have been on my watch list for a long time and just had great opportunity to scoop up some shares at amazing discounted prices. More on that to come soon!

I enjoy publishing these monthly dividend income reports as I have gained a much better understanding in how much of my passive income is coming in every month and how much it is growing over time. For the month of August, I have received a total of 8 diversified direct deposits in the form of dividends straight to my brokerage account. Lets keep the dividends flowing!

 

 AT&T Inc. (T) $51.26
 General Mills (GIS) $22.02
 Verizon Communications Inc. (VZ) $23.73
 Apple Inc. (AAPL) $22.46
 Kinder Morgan Inc. (KMI) $20.10
 Procter & Gamble Co. (PG) $26.84
 Realty Income Corp. (O) $9.68
 Costco Wholesale Corp. (COST) $5.85
 Total  $181.94

 

When statistically comparing last years dividend income total from August 2015 to August 2016, it represents a negative 10.2% for a year over year decreased dividend growth. The negative growth is primarily due to KMI reducing their divided shareholder payout when they were having debt/credit rating issues. The growth difference from last quarter is positive 4.4% for a quarter over quarter increased dividend growth. The QoQ increase is primarily due to annual dividend raises and additional acquisition of AAPL shares in May, 2016.

I will DRIP the following upcoming month: BKE, COP, KMI, MAT, TROW & UNP.

The dividend income page is updated accordingly.

Thank you for reading & have a great day!

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12 Comments

  1. Dan on September 3, 2016 at 09:22

    Good work Vet. Keep that snowball rolling. 8 companies paying out is great!

    • DividendVet on September 4, 2016 at 10:50

      Thanks, it is definitely moving in the right direction.

  2. Nathan on September 3, 2016 at 09:45

    Congrats on a fine month. Every company that paid you is a great company. Good to see no speculative yield stocks here. Keep up the fine work Div Vet.

    • DividendVet on September 4, 2016 at 10:52

      Much appreciated! This what I try to do, buy only companies this I would be happily hold on forever. That is if fundamentals stay firm.

      Take care.

  3. Doug Arnold on September 3, 2016 at 09:50

    Great month keep those dividends rolling

    • DividendVet on September 4, 2016 at 10:52

      Will do!

      Thanks for stopping by.

  4. Ferdi S on September 3, 2016 at 22:13

    It’s disappointing to see a year-over-year decrease, but I suggest focusing on the future! Hang in there and I bet next month will be a great result…

    • DividendVet on September 4, 2016 at 10:55

      Disappointment is all KMI, which is unfortunate, but I still do think they have a great business model and would love to continue to be part owner of for many more years.

      Next month should be record breaking…Again! 🙂

      Keep up the good work yourself, take care.

  5. DivHut on September 4, 2016 at 00:49

    Keep up the solid work. No doubt KMI took a bite out of many portfolios’ passive income but it does happen. Cuts are part of being a long term dividend investor. It’s totally unavoidable. Still, you have a nice stable of solid dividend payers continuing to churn out that cash like clockwork. Thanks for sharing.

    • DividendVet on September 4, 2016 at 11:00

      Absolutely, it is what it is with KMI, but I have no doubt they will come forward stronger than ever into the future. Many lessons learned for them and me.

      As far as the portfolio, I will just keep on building brick by brick, share by share.

      Good hearing from you.

  6. Dividend Diplomats on September 5, 2016 at 11:05

    Heck yeah Vet!! Nice month. I like it how you were able to stick it to the KMI dividend cut and start rebuilding your dividend income for the month. It will be a process considering how large the cut was, but you madea serious dent in the hole KMI left. Way to keep looking forward and moving along. Can’t wait to see where you are sitting in August 2017!

    Bert

    • DividendVet on September 5, 2016 at 13:29

      Just a few hundred buck, not much but will work for future compounding great. I am not sure what you mean when you say “able to stick it to KMI dividend cut”, in reality I didn’t do anything besides buy more shares through DRIP. Got some really discounted shares at that time, only regret is not buying more with personal capital. KMI cut was only a $20/month cut so no worries. The lesson was worth every penny.

      I have some acquisitions coming up soon, so just chugging along no matter what goes with the overall stock market.

      You are doing great too, 2017 should be great for many of us.

      Kind regards.

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