Another month of this amazing summer is behind us and with that comes another smaller stream of dividends. These quarter months are a bit smaller sums of dividend payouts, but they all contribute towards the same purpose of investing, more shares and therefore bringing more dividends. Like I say in my newly updated Strategy page, one thing is feeding another just beautifully to form a compounding money making machine. Yes, at first it starts small, it has to. Just look at my January 2013 Dividend Income post, I made only $4.14 and that was it. Now my monthly dividend income months are a bit bigger, but I cannot wait to see it 10 or 20 years from now. It is so easy to get discouraged at first, but naturally and organically, everything has to start small and no matter how small it is and if done for long enough period of time it will get bigger, it will get better and you will make progress. Just remember you have to crawl before you walk and walk before you run and run before you can truly sprint!
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 July, I have received a total of 6 diversified direct deposits in the form of dividends straight to my brokerage account.
|Coca Cola Co. (KO)||$9.80|
|Reynolds American, Inc. (RAI)||$19.74|
|Kimberly-Clark Corp. (KMB)||$9.28|
|Phillip Morris International, Inc. (PM)||$57.64|
|Realty Income Corp. (O)||$9.68|
|The Buckle, Inc. (BKE)||$7.50|
When statistically comparing last years dividend income total from July 2015 to July 2016, it represents a positive 20.5% for a year over year increased dividend growth. The growth difference from last quarter is positive 2.1% for a quarter over quarter increased dividend growth.
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!