July 2016 Dividend Income

Dividends

July was the most pathetic month of investing for The Dividend Beginner. It’s the first time since I began this journey that I did not allocate capital to the markets. While I didn’t notice anything to be much of a buy, I also did not search as much as I usually do and took it easier for the month as I found I was spending too much time doing research and writing and less time living.

While there were no investment activities whatsoever for July, the portfolio continued to pump cash into my accounts which are piling up as I sit on the sideline. The real horror is that my dividend income did not increase at all this month and is a real slow-down in our process. However, considering I’ve still saved the cash – we can make up for this at a later date when equities are looking a little more rosy.

Summary of June Investment Activities

Throughout July, I’ve purchased:

  • nothing

None of my holdings increased their dividends. That’s unfortunate.

None of my holdings reduced their dividends. Great news!

Annual Dividend Income Update

July was the most pathetic month for the Dividend Beginner as no capital was allocated and no dividends were raised. The annual dividend income remains the same as it did at the end of June.

Apr 2016 Net Increase May 2016
Annual Dividend Income $2,118.86
$2,118.86
Monthly Dividend Income $176.57 $176.57
Percentage Increase +0%
YTD Increase +98.43%

July 2016 Dividend Income

Non-Registered Taxable Account
T $29.90
CNQ $9.20
PSK* $20.35
ZWU $7.02
WCP $2.80
IPL $5.59
EIF $12.56
ENF $7.78
AD $16.20
BNS $19.44
Tax-Free Savings Account
T $16.10
AAR.UN $3.90
PLZ.UN $5.63
IPL $7.41
D.UN $5.63
AD $6.75
BNS $16.56
RNW $11.00
HR.UN $4.95
CJR.B $9.98
Total
$218.75

*PSK: As described here, CNQ completed it’s distribution of it’s PSK shares, and since I did not own enough CNQ shares to receive a PSK share, I received $20.35 in cash.

Dividend Income Journey

July Monthly Dividend Income

July is now my greatest month for dividend income, taking over last month by $52.18, a considerable number percentage wise. Dividend income came in 31% higher than last month.

YoY Monthly Dividend Income

There is a large uptick for the month of July both in 2015 and 2016, with the completion of Q2. In July 2015, I received $98.50. One year later the portfolio shoots out $218.75. This is an increase of $120.25, and accounts for a 122.08% YoY increase.

total 2016 dividend income

Seven months into the year and the portfolio has generated $968.46, it looks like at the 8-month mark we will generate our first thousand within one year. Next year that number will be pushed up and up until we start making $1,000 monthly.

The $968.46 works out to 55% of our $1,750 goal.
lifetime dividend income

I’d like to keep track of my lifetime dividends as it will always be the largest number I can attribute to dividend income, and ultimately is all the passive income I’ve generated from the beginning of this portfolio to now. It’s a great chart to display exactly what you could accomplish when you save your earnings and invest in dividend growing stocks.

After 16 months of receiving dividends and 17 months of investing, I’ve generated over $1,500 in passive income. After July 2016, my record is now $1,511.90 in dividend income that I earned from having the foresight to invest my money in income generating assets. The great thing about this is that even if I stop investing now, that money will continue to flow into my bank account every month without me lifting a finger, and what’s more is that it will even grow as time goes on considering I took the time to invest in dividend growing companies with proven track records.

How was all of my fellow investors’ July 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to August? 

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.