August 2018 Dividend Income

September 1, 2018

Dividend Income 13

Boom!!! And here we have a new record for a mid-quarter month! This is very exciting. And at the same time, am I the only one who feels this summer went by exceptionally fast? I found myself asking what happened to July? Anyway, August turned out to be a fairly quiet yet great month. The temperature outside was hot and humid, but the snowball keeps growing larger and larger. This month I received $891.76 in dividend income from six (6) companies.

AT&T (T) – $169.00

Sprague Resources (SRLP) – $383.81

Omega Healthcare Investors (OHI) – $229.68

Procter & Gamble Company (PG) – $17.93

Realty Income Corp (O) – $41.36

General Mills (GIS) – $49.98

August 2018 Dividend Income Total: $891.76

And that is a new record! Never before have I had such a high number of dividends come in for a mid-quarter month. Compared with this month last year, this August 2018 shows a 26.08% year over year increase in dividend income. I love double-digit increases! I have also noticed that it is my mid-quarter months that have shown the largest year-over-year increases. Most of my stock purchases over the past 6 months have been in companies that pay out dividends mid-quarter. The happy result is the year over year increase you see above.

The mid-quarter months are actually catching up to the quarter ending months which are my best months. As I head towards the $1K a month milestone, I now wonder which month will reach the mark first. Then there are the dividend increases! There was one surprise dividend increase this month. ARCC increased their dividend from $0.38 per share to $0.39 per share. This brought my forward yearly dividends from ARCC to $1,485.12 giving me a $38.08 increase to my forward annual dividends.

And with that, my portfolio now stands to generate $9,084.50 in dividend income over the next 12 months. This is all very exciting. I am really looking forward to September which should be another record-breaking month. So how was your month? Break any records? Do we share any of the same companies? Let me know in the comments below!

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13 comments

Dividend PortfolioSeptember 2, 2018 1:07 am

Excellent MDD and congrats on breaking the record. The double-digit growth from last year is very respectable and, much like the summer, the 10k mark will be here before you even know it!

My Dividend DynastySeptember 2, 2018 8:33 pm

Thanks DP! Yes, the day will come when I cross the $10K mark. That day will be exciting! 😀

DivvyDadSeptember 2, 2018 12:11 pm

Awesome job, and congrats on the new record! Excluding the dividends from my index funds in the quarter ending months, my mid-month is actually my highest month. It is always nice to see that solid, double-digit YoY growth!

My Dividend DynastySeptember 2, 2018 8:35 pm

Thanks DivyDad! My mid-quarter months have the highest YOY increases and, like you, these months may soon be my highest month. Thanks for your comment! 🙂

Engineering DividendsSeptember 2, 2018 5:26 pm

Terrific results all around, MDD. Almost $900 for a mid-quarter month, and over 26% YoY growth. A lot to like here. I share OHI, PG & O with you this month.
You are creeping up on $1K/month in multiple months of the quarter. Once you get there it may happen every month!

My Dividend DynastySeptember 2, 2018 8:41 pm

Thanks ED! Its great that we share 3 great companies! The $1K milestone a month mark is coming, I can feel it. That will be another special month! Thanks for stopping by and Congrats on your great month as well! 😀

Dividend DiplomatsSeptember 3, 2018 9:22 pm

MDD –

Nice job and congratulations! Huge increase and you’ll be at $1k/month soon enough, time and doing what you’re doing will make it happen. Don’t let up.

-Lanny

My Dividend DynastySeptember 6, 2018 5:04 pm

Thanks Lanny! Yes, that $1K per month is coming. I can’t wait! Thanks for stopping by and congrats on your great month as well! 🙂

Mr. RobotSeptember 7, 2018 10:06 am

Awesome Mr. DD! Braking records is always fun 🙂 Go for that $1k monthly threshold!

My Dividend DynastySeptember 10, 2018 10:25 am

Thanks Mr.Robot! Going for that $1K threshold! 😀

Dividend DiplomatsSeptember 9, 2018 12:25 pm

Wow, congratulations MDD! This is an excellent month. Always gotta love when you can set a new record. Keep up the great work!

Bert

My Dividend DynastySeptember 10, 2018 10:26 am

Thanks Bert!:)

Money Grower UKSeptember 12, 2018 7:48 am

Terrific results. You’ll be hitting that $1,000 in dividends a month in no time.

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