This is a brief summary of the dividend income for June 2019. I track the dividend figures primarily because of the following two reasons: 1) to document my financial journey and 2) to monitor the progress. That’s it. Although I’ve made some good progress already, it’s still a long way to go. Slow and steady wins the race – and I have no doubt about it. Every dividend payment, every dividend raise, every contribution is a small step towards the final goal.
June 2019 has brought me one small step closer towards this goal. After booking a record income in May, I was quite excited about the dividend result in June. Without further ado, here are the final figures for this month.
Dividend Income: June 2019
All in all 14 different companies have paid me a dividend in June 2019:
- Enbridge (ENB): €16.44
- Visa (V): €1.88
- Unilever (UL): €15.97
- Amgen (AMGN): €8.73
- Johnson & Johnson (JNJ): €23.49
- 3M (MMM): €7.55
- Home Depot (HD): €13.26
- BlackRock (BLK): €9.90
- Dominion Energy (D): €15.82
- Royal Dutch Shell (RDS.B): €16.51
- Union Pacific (UNP): €7.87
- Pepsi (PEP): €14.22
- Becton & Dickinson (BDX): €3.44
- Bank of America (BAC): €5.58
Total dividend income for the month of June: €160.66 ($181.55). That is a year of year growth of 56%. This is where the dividend income is standing compared to the previous year.
|January||€ 97.98||€ 25.26||+ 288%|
|February||€ 89.69||€ 55.35||+ 62%|
|March||€ 166.57||€ 107.33||+ 55%|
|April||€ 84.59||€ 84.92||+/- 0%|
|May||€ 326.18||€ 177.26||+ 84%|
|June||€ 160.66||€ 103.13||+ 56%|
|Total||€ 925.67||€ 1,163.80|
There is really not much to complain about. On the contrary actually! I’m more than happy to see a raising income inflow. And that is exactly the goal of this portfolio: build a reliable and growing cash flow. Normally, June’s income result would be even higher. However, Broadcom (AVGO) shifted its quarterly distribution from June to July this year. No big deal. I will include Broadcom’s payment in the coming dividend report for July. As stated in a previous post, the yearly growth rate is what I care about. Payments might be shifted between months. However as long as the income is increasing on an annual basis, I’m more than happy. And so far the year-to-date result looks good.
Looking at the cumulative perspective, the portfolio income is up from €553 in 2018 to €926 in 2019. This is a YOY growth of 67%. My full-year income in 2018 was €1.164. With June in the books, this portfolio has generated €926 in 2019 so far. I reckon that July’s and August’ dividends will bring the portfolio income to the full-year mark of 2018. That means every cent that I’m going to collect in September, October, November, and December will represent extra income compared to the previous year.
The projected dividend income for 2019 is sitting at €1.533 ($1.730) at the moment. I’m still committed to the goal of bringing it up to €1,650 ($1,848) as the year goes by.
One important element that helps me to achieve this annual income target is dividend increases. Recently, two of my holdings decided to increase the dividend payment to the shareholders:
- JPMorgan Chase (JPM). The company increased its quarterly dividend by 12.50%, from 80¢ per share to 90¢ per share.
- Bank of America (BAC). The company has announced a 20% increase in its dividend.
Beyond that, both banks have unveiled their plans to authorize up to $30 billion in share repurchases. I don’t know about you, but double-digit dividend hikes and huge share repurchase announcements are simply music to my ears. Both companies are returning a huge value to their shareholders and that is what I like a lot.
Well, we are halfway through the year and the investing world around us remains moody. However, things are looking good at the moment. This portfolio is sitting at an all-time high and I believe that many of my fellow dividend growth investors are in the same situation. But it all can change quite fast. Mr. Market can be really ruthless in this matter. However, those who focus on income, can lean back, relax and enjoy the show. The situation didn’t change a bit! Dividends keep coming in regardless of whether share prices are down or up. For me, this is a simple and calming finding of the DGI concept.