May 2016 Dividend Income

Hundred dollar bills in dividend incomeDuring the month of May I enjoyed another stream of dividends from the worlds most powerful brands and products. I start sounding like a broken record how much I love receiving dividend income, but I hope everyone understand the true nature and growth potential dividend income has over time. This is one of the reasons why I recently created a sleek and up to date Compound Interest Calculator and Dividend Growth Calculator for everyone to use. I hope you guys enjoy playing and estimating your ticket to financial freedom.

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 May, I have received a total of 8 diversified direct deposits in the form of dividends straight to my brokerage account. Anyways, here are the dividends!

 

 AT&T Inc. (T) $51.26
 General Mills (GIS) $21.10
 Verizon Communications Inc. (VZ) $23.73
 Apple Inc. (AAPL) $16.09
 Costco Wholesale Corp. (COST) $5.85
 Kinder Morgan Inc. (KMI) $19.95
 Procter & Gamble Co. (PG) $26.62
 Realty Income Corp. (O) $9.66
 Total  $174.26

 

When statistically comparing last years dividend income total from May 2015 to May 2016, it represents a negative 13.5% for a year over year decreased dividend growth. The decrease is primarily the cause of dividend reduction caused by KMI. The growth difference from last quarter is positive 2.7% for a quarter over quarter increased dividend growth. The QoQ increase is essentially due to annual dividend raises.

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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14 Comments

  1. IncomeSurfer on June 1, 2016 at 13:48

    Nice work Vet. That’s a diversified group alright. Keep up the great work!
    -Bryan

    • DividendVet on June 1, 2016 at 14:52

      Thanks, its my group of all-stars for the month. 🙂

      All the best!

  2. Tawcan on June 1, 2016 at 17:43

    Nice work! Sucks to see a YOY dividend decrease for sure, the KMI dividend cut has hurt a lot of dividend growth investors in terms of their dividend income.

    • DividendVet on June 1, 2016 at 19:01

      Thank you. Yeah, before the dividend cut KMI dividend was quite juicy. It is still a great company with a very solid moat. It will come back to its glory days and I wouldn’t be surprised seeing a big dividend increase sooner or later.

      Take care.

  3. Dividend Reaper on June 1, 2016 at 20:21

    It may be negative income this month in terms of growth but it’s still income none the less. Keep it up and the train will keep moving forward whether it wants to or not. You’re doing great.

    -Dividend Reaper

    • DividendVet on June 1, 2016 at 23:51

      That is a great way of looking at things. I always try to look at things in a positive way myself too, even in negative cases. Income indeed it is.

      Thanks for the support!

  4. Captain Dividend on June 1, 2016 at 21:27

    That’s a real bummer KMI had to cut or you probably would have had some nice YOY growth as well. Despite the KMI cut there’s some other great names there that you can look forward to a long future of growing dividends.

    • DividendVet on June 1, 2016 at 23:54

      It definitely would have been a nice YoY growth without KMI spoiling things up. It is what it is, so there is really no need to dwell on KMI. It happened, we learned, and I continue looking forward.

      Thanks for stopping by!

  5. Dividend Hustler on June 1, 2016 at 23:29

    Keep it up Vet. Bottom line is you’re hustling and your dividend income is rolling in each month for life. That’s just awesome. Keep it up bud and thanks for sharing. I’m happy for you. Cheers my friend.

    • DividendVet on June 1, 2016 at 23:59

      Yeah, sometimes it is easy to get caught up on saving diligently, investing wisely and trying to grow it as long-term a possible. But you are so right, the bottom like is it is passive for the rest of my life, even if I wouldn’t touch my brokerage account going forward.

      The pleasure is all mine my friend!

  6. JC on June 4, 2016 at 06:56

    Great job DV! KMI got me as well for the year over year comparison which is a bummer but far from being a real concern. That’s a solid group of dividend payers that you have. COST is interesting to me because I recently went into one of their stores and it sure was nice. I’ve heard nothing but good stories about them as a company.

    • DividendVet on June 4, 2016 at 11:58

      Much appreciated, you are doing great yourself! As a business, Costco is extremely busy, just go there on a weekend and try not to get trampled, lol. I shop mostly in Costco for groceries and most of our household furniture is from there too. Love the prices and the business itself. Probably the only drawback is a low dividend yield, though they have plenty of room to grow it with hefty dividend raises.

      Take care.

  7. Data Lore on June 7, 2016 at 23:05

    Awesome job on the portfolio Dividend Vet. I have Realty Income in my portfolio, and was actually inspired to purchase Apple after reading your last post on your acquisition of Apple. I agree with the point that the dividend income might have decreased from last year, but it is still income that you are receiving.

    • DividendVet on June 8, 2016 at 12:54

      Thanks, slowly but steady I am building a diversified empire. Realty Income (O) is one of my top favorite stocks I own, it’s my minimal involvement into real estate without dealing with all that owning real estate comes with. Plus, gotta love that monthly dividend paycheck. Like clockwork baby!

      Glad to have you as a fellow AAPL shareholder.

      Good luck.

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