June is officially over, which means that it’s time for my favorite type of post: dividend recaps! I love these posts because they embody the tangible power of dividend growth investing, which lies in the ever-flowing stream of passive income that my portfolio generates on a monthly basis. I started investing in late December 2014, but I didn’t receive my first dividends until February 2015, when I earned $6.26. This is effectively the fifth month I’ve ever received dividends in my life, so let’s take a look at who paid me what, and how my earnings stack up compared to last month.
|BreitBurn Energy Partners||$4.17|
|Johnson & Johnson||$14.25|
|National Oilwell Varco||$8.74|
Woohoo, over $80 in dividends received for the month of June!! This is leagues above last month’s earnings of $33.73, but in all fairness, this was to be expected seeing as most of my portfolio’s dividend pay dates are concentrated in March/June/September/December. With that in mind, this is still my largest payout to date, easily eclipsing my previous record of $51.29 that I scored back in March.
I received dividends from 10 different companies, but the real heavy hitters were Chevron, Emerson Electric, and Johnson & Johnson. I initiated a full position both in Chevron and in Emerson Electric back in May, and I rounded off my position in Johnson & Johnson then as well. All of these purchases were made before these companies’ respective ex-dividend dates, so I was lucky enough to collect their fat payouts in June.
I am so excited about the progress that I am making. After half a year of investing, I have already surpassed my initial goal of earning an average of $50/month in dividends; according to my portfolio, my projected total annual income currently sits at $700, which equates to an average of $58/month! The next milestone I’m gunning for is the $100/month mark, which I’m hoping to achieve by the end of 2016. We’ll see if I can make it happen!
Dividend investing is a truly wonderful thing. It teaches you how to analyze and assess businesses, it instills tremendous amounts of patience and discipline, and, last but not least, it forces your money to work for you 24/7, which is the best thing you could have your greens do. There really is no better feeling (other than sex and fapping) than seeing your money passively generate more money for you.
Anyway, that wraps up this month’s dividend recap. Onward to July!
What about you, my esteemed reader? How was your month of June, both dividend-wise and otherwise? Let me know in the comments!
Disclosure: long AMGN, BBEP, CVX, EMR, INTC, JNJ, NOV, SE, UL, WFC