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July 2016 Passive Income Report

August 2, 2016

 

Each month I reflect how fortunate I am to be able to have begun my march toward financial independence through the accumulation of passive income. As part of this reflection I am going to share my dividend income for the month in relation to prior year(s) to help track my progress. This is an exciting time of month for dividend investors as they get to review and visualize their hard work and dedication, let’s get to it!

 

Roth IRA

The ARR dividend cut will continue to haunt me for the foreseeable future, but I am still confident that the management made the right decision for its cash flow situation. Plus, it’s still yielding 15%.

 

The total dividend income increased 14.3% or $13.57 in comparison to last year. This continues to be good news as really in the end, all I want is my passive income to rise.

 

This is the result of the following changes from 2015:

  • The largest increase was due to my purchase of 55 shares of Cisco Systems (CSCO). This purchase added $14.30 to my income.

  • In addition to my purchase of CSCO, I got dividend raises in comparison to last year from the Bank of Nova Scotia (BNS), Realty Income (O), Philip Morris (PM) and Toronto Dominion Bank (TD).

 

There are two “negatives” as far as my dividend income goes this month:

  • The first is the previously mentioned ARR dividend cut. While any dividend cut is frustrating, I am still churning out a significant dividend from ARR and I will be holding the position for the foreseeable future.

  • The second is GE holding their dividends steady this year. GE is currently one of my larger holdings but I believe in the long-term streamlining that the company is undergoing. Hopefully I get a raise from them in 2017!

 

Forward 12-month dividends for this account are now $1,511.71, up $5.68 or .38% from last month. Considering I made no investments in this account over the last month this is a welcome increase for doing absolutely nothing. 

 

Rollover IRA

Just like last month, nothing too interesting to report here, it will continue this way for the next few months. This Rollover IRA is the result of rolling over my 401k from my old job and all purchases are new. I’m coming up on a year at the new gig, so comparisons to prior years should start shortly!

 

Forward 12-month dividends for this account are now $677.98, down $42.32, or 5.88% from last month, as a result of my recent sale of CAT. I will be looking for opportunities in August to re-deploy the capital from this sale.

 

Brokerage Account

Soon enough this brokerage account is going to be experiencing some pretty dramatic growth, however for the time being it has remained relatively flat from last year. Since opening the account last year, I have obviously added a Philip Morris (PM) position that has led to $15.30 this month.

 

Forward 12-month dividends for this account are now $302.49, up $45.06, or 17.5% from last month. This increase is mostly due to my Blackstone Group (BX) purchase earlier in the month. One of my goals outlined back in June is to increase my brokerage forward 12-month dividends to $500 dollars. As it now stands to reach my goal I need to invest about $5,000 more at a 4% yield to achieve my goal. I'll get there no problem. :)

 

Summary

 

In total, my dividend income for the month was $158.79, up 67.9% from my 2015 total of $94.57 and my total forward 12-month dividends are $2492.18, up $8.42, or .29%. Not a huge increase in my forward 12-month dividend total, but after the post-Brexit run-up I am continuing to sit on the sidelines, accumulating capital and waiting for the right opportunities. Here’s to a more prosperous August and beyond!

 

How was everyone’s July? Any milestones hit? Please share!

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