Time to report my June 2019 dividend income along with my recent buy! This record month is a two for one special. But seriously, can you believe the year is half over? Where did the last 6 months go? June was interesting month. I decided to re-balance my portfolio a bit with my sale of SRLP stock. This re-balancing will leave a temporary dent in my forward dividend income, but I plan to recover most of that income by the end of this summer. This led to me adding to my position of STWD as the first part of this summer re-balancing. This was a record month. This month I received $1,051.39 in dividend income from twelve (12) companies!
- Pfizer (PFE) – $61.92
- Southern Company (SO) – $125.86
- International Business Machine (IBM) – $156.32
- Target Corporation (TGT) – $44.80
- VF Corporation (VFC) – $34.17
- McDonalds (MCD) – $82.78
- Realty Income Corp (O) – $42.49
- Ares Capital (ARCC) – $399.84*
- Consolidated Edison (ED) – $42.92
- Johnson & Johnson (JNJ) – $15.20
- PepsiCo. (PEP) – $17.19
- Wells Fargo (WFC) – $27.90
*Includes Special Dividend
June 2019 Dividend Income Total: $1,051.39
And that is a new record month for dividend income! The month of June 2019 shows a 11.9% year over year growth when compared to June 2018. I love double-digit growth rates! In addition, I also made a new purchase this month. Last week, I bought 142 shares of STWD at $22.43 per share. This purchase added $272.64 to my forward annual dividend income. With this recent buy, I now own 357 shares of STWD. While this stock isn’t known as a dividend growth stock, it is solid and consistent. I have owned this stock since 2016 and have collected over $1000 in dividend income over those years from the company. This is the first part of my re-balancing plan (I have about $11,000 more to invest over the summer).
Next there are the dividend increases from June. TGT increased its dividend to $0.66 per share. This raised my forward annual dividend from $179.20 to $184.80 for a $5.60 increase from TGT. Next, O increased their dividend to $0.2265 per share. This raised my yearly forward dividend income from $509.88 to $510.98 for a $1.10 increase from O. These are small amounts, but small amounts add up to big numbers over time. Altogether, the dividend increases from June totaled $6.70 which is added to my forward annual dividend income. My portfolio now stands to generate $8,933 in dividend income over the next 12 months.
So, thus ends one of the more financially exciting months I have had in a long time. Portfolio re-balancing, stock sell, stock purchase, record dividend month, dividend increases, and then in the last week the port for charging my cell phone broke and I had to spend $50 to fix it. Good thing I have an emergency fund to cover things like that. One additional thing I like about my STWD purchase is that it will beef up my “off” month (first month of every quarter) nicely. Things are moving in the right direction so far. So, how about the rest of you? How was your month? Let me know in the comments below!
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