July 2016 Dividends

Summer flies by way to quick.  It is August and we are already starting back to school shopping.  My wife won't even say the S word around the kids.  We didn't hear the D word much last month either.  Still waiting for the first dividends from my new IRA dividend portfolio to roll in.

My taxable account where I did transfer stock in kind to my new accounts had 3 companies make a deposit.  I had set the dividend reinvestment to automatically reinvest without thinking.  Now that it is August my rewards program kicks in and I get 30 trades a month for free.  Now I can take the case from these companies and invest in the best company at the time based on my stock screen.  Before I did DRIP only because it saved on investment fees.


Well there it is a whopping $2.07.   I will take it because my forward dividend income from my new portfolio was boosted by $57.  I hope you easily trumped me in July regarding dividends.

Happy investing,

Dividend Family Guy

Comments

  1. DivHutAugust 7, 2016 at 4:04 PM

    Some money coming in is better than no money at all. Just keep building upon that passive income stream with solid dividend payers and you'll be OK. It's not a competition about who has the most dividend income. We are all at differing points on the same path. Thanks for sharing.

    ReplyDelete
    Replies
    1. Dividend Family GuyAugust 7, 2016 at 5:26 PM

      Thanks DivHut. You are right it is not a competition. This is a great and supportive dividend growth community and everyone is at different points in the journey. Mine just took a summer break ;-)
      Cheers,
      DFG

      Delete
  2. Dividends Down UnderAugust 7, 2016 at 6:38 PM

    Every cent counts :) Well, we got $7.36 so we got over 3 times as much as you did!! Lol, not much but we re-invested so it will all add up.

    Tristan

    ReplyDelete
    Replies
    1. Dividend Family GuyAugust 8, 2016 at 10:15 PM

      Thanks Tristan that brought a chuckle that was needed.
      Cheers,
      DFG

      Delete
  3. timeinthemarketblogAugust 7, 2016 at 8:03 PM

    When I see these smaller months in my own portfolio, I like to think about my portfolio being lazy and just taking a break while they work up the energy to hit the real big dividend months!

    ReplyDelete
    Replies
    1. Dividend Family GuyAugust 8, 2016 at 10:16 PM

      Same here timeinthemarket. Eventually these small months will go away and all we will have are excellent months to cover all of our expenses.
      Later,
      DFG

      Delete
  4. Dividend LifeAugust 29, 2016 at 7:29 PM

    Hi DFG,
    Yes manually directed dividends is certainly better I think if there are no fees. You can make larger consolidated purchases than have lots of small lots.
    As for the small amount, well those companies are working 24 hours a day to improve that number all on their own!
    Best wishes,
    -DL

    ReplyDelete

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This webpage is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. If you have any questions please feel free to contact me at dividendfamilyguy at gmail dot com.