Back in April, I imaged May to be a relative uneventful month in terms of my finances and for the most part it was, except in two facets. The first was that I decided to change banks. Convenience is a big selling point for me and I stayed with my current bank for about 4 years because it was conveniently close to home and to my place of employment. But now my bank decided to close numerous branches and it is no longer convenient. So, I made the jump to a new bank with branches practically everywhere (plus a higher interest rate on my money market and checking). Of course, this means I have the task of switching all my automatic expenses and direct deposits to the new account.
Most of this process is done and I expect to close my old bank account the first week of June. I feel positive about making this change. The second facet to an otherwise uneventful month, is of course, a large stream of dividend income! This month I received $830.00 in dividend income from six (6) companies.
AT&T (T) – $138.00
Sprague Resources (SRLP) – $375.19
Omega Healthcare Investors (OHI) – $229.68
Procter & Gamble Company (PG) – $17.93
Realty Income Corp (O) – $41.27
General Mills (GIS) – $27.93
May 2018 Dividend Income Total: $830.00
Wow, that is an even number. Not even a penny in change. The month of May 2018 saw a 19.39% year over increase from May 2017 when I received $695.17 in dividend income. Now that is a nice jump! This month I also received my first dividend from PG, which was a very nice feeling. Finally, for this month, there was just one dividend increase. PEP increased their dividend to .9275 per share. This increase gave me a dividend boost from $57.96 to $66.78 for an increase of $8.82. That’s nearly $9! I’ll take it!
As of this post, my portfolio now stands to generate $8,806.77 in dividend income over the next 12 months. Last month I have accomplished previous goals I had set back in December 2017. Later this month, I will establish a new set of goals for the final half of the year. This will be exciting! So how did the rest of you do this month? Any record-breakers? Let me know in the comments below!
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