July 2016 Dividend Income

Hundred dollar bills in dividend incomeAnother 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
Total $113.64

 

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!

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18 Comments

  1. Dividend Hustler on August 1, 2016 at 09:56

    Keep it up Vet.
    Slow and steady does it. It’s the consistency and commitment that is important. Don’t stop.
    Thanks for sharing and congrats on the dividend income. Cheers bro.

    • DividendVet on August 1, 2016 at 21:21

      Thanks, there is no stopping in me as I am fully committed on sowing and reaping, now all we need is some help from Mr. Market to give us a sale.

      Cheers!

  2. DivHut on August 1, 2016 at 16:07

    Great job for July. Awesome year over year growth and as you mentioned light years from your $4.14 Jan. 2013 income. Just goes to show what patience and continued investing can do for a passive income stream.

    • DividendVet on August 1, 2016 at 21:28

      Much appreciated! Just shows what constant saving and constant investing does over a few short years. Glad to record my progress through this journey.

      Take care.

  3. Dividend Diplomats on August 1, 2016 at 22:14

    Great month Vet. That is an impressive list of companies right there! I love how far you have come in just 3.5 years, from single digit monthly dividend income to three figure month dividend income. Sure this month is slow, but it seems like you are making the most of it. Now, the beauty of dividend investing gets to show its face and the power of compounding dividends should take over.

    Bert

    • DividendVet on August 3, 2016 at 20:23

      Thanks Bert, that is the whole point of doing this DGI thing, that it can take over it so that I don’t have to be trading time for money. Slowly but surely building those passive income streams.

      Thanks for stopping by!

  4. Nathan on August 2, 2016 at 02:37

    Congrats on another fine month. I love reading these posts and watching all of our dividend income increase.

    • DividendVet on August 3, 2016 at 20:26

      Same here, motivation just spreads further motivation to succeed. Keep up the good work yourself.

      Lets keep it going!

  5. Dan on August 2, 2016 at 06:24

    Dude that’s great YoY growth. I love looking at that number each month. And very solid companies. I really wish I still owned a few of those. Keep it up. Onwards!!

    Passive Income Dude

    • DividendVet on August 3, 2016 at 20:32

      Thanks. This month is in particular is kind of low dividend income month, but I do honestly think I can do better with the YoY growth.

      It would be great if you could share which ones you still wished you owned and why would you sold them in the first place. Maybe we can all learn something?

      Thanks for the comments.

  6. Data Lore on August 2, 2016 at 08:13

    That’s impressive Div Vet. I have both Coca Cola and Realty Income in my portfolio. Those are great stocks. And you’re right, even if you consider the growth to be small, you’re still buying MORE SHARES which will equal MORE DIVIDENDS in the end. So, great point and keep it going.

    • DividendVet on August 3, 2016 at 20:41

      It is that never ending compounding money making machine, some people see it, some don’t.

      Cheers!

  7. JC on August 2, 2016 at 08:58

    Awesome stuff DV! 20% year over year increase and a huge increase from your January 2013 total. What’s really amazing about DGI is the big progress you can make in a short time and that’s without having compounding do any of the heavy lifting. 10 to 20 years down the road and it’s going to be huge.

    • DividendVet on August 3, 2016 at 20:45

      Thank you for your kind words JC, glad to be on a similar path with you and continue the journey where ever it takes us. Will see you at the top.

      Best of luck!

  8. FerdiS on August 18, 2016 at 11:25

    Congratulations, DividendVet — keep it going. Focus on the big picture and you’ll be in a great position 10-20 years from now. The coolest thing about DGI is the “perpetual” part of dividend income. That’s what its all about!

    Cheers
    FerdiS

    • DividendVet on August 18, 2016 at 18:33

      I really appreciate it! I have and continue to have this mindset for a while now and now its almost second nature to save, invest and look for further opportunities in the market. Perpertual something is ultimately going to happen, I just simply chose it to be dividends. 🙂

      Cheers!

  9. Doug Arnold on August 20, 2016 at 21:35

    You have that snowball rolling and that is the only thing that matters. I’ve seen the snowball effect with my dividends

    • DividendVet on August 21, 2016 at 11:12

      It is still very small snowball, but it’s perpetually picking up more snow by itself now. Not to mention, I have compiled a sizable pile of snow for future investments. Lets all snowball away. 🙂

      Thanks for sharing.

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