Wednesday, August 10, 2011

Monthly Progress Review: June and July

It is time again for my Monthly Progress Review.

Listed below is a summary of the dividends I received, as well as the purchases I made for the past two months, June and July, in my Dividend Income Portfolio:

Dividends Received

*JNJ - $46.68
*PEP - $23.70
*SO - $30.00
*WM - $26.20
*WMT - $14.60

Therefore for the month of June my dividend income total was $141.36.

*ADP - $18.26
*ANH - $43.75
*CINF - $24.30
*GE - $13.69
*LEG - $27.64

Therefore for the month of July my dividend income total was $127.64.  

July now marks the 6th month in a row where my dividend income has been in triple digits (a small feat I was thankful for!)  And, if my forecasts are correct, I believe I can continue this streak throughout the rest of 2011.

Finally, with the addition of June and July's dividends added to my Progress Tab, I now have earned $858.44 of completely passive income (through dividends) this year.  Praise the Lord!

As I mentioned in my previous article, While I Was Out..!, these past two months I did not make any purchases in my dividend income portfolio.  Instead, I paid down some debt and maxed out my Roth IRA.  There are many good value plays right now (at least in my mind) - particularly GE, PEP, PG, PAYX, WMT, WM, and CINF from my portfolio, which I may add to in the future as funds become available; but for June and July, no purchases were made.

Well, that's all for now.  As always, I appreciate your thoughts and insight.

Thanks for reading. 


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  1. Partisan,

    Great job on the dividends. You're kicking my butt. Keep up the great work!

  2. Do you reinvest the dividends?

  3. Mantra,

    Thanks for the compliment. From what I can tell, you're doing very well with your portfolio as well.

    Anonymous, yes I currently reinvest all dividends. Thanks for stopping by,


  4. Hi DP. Great to see others who are also growing their dividend income.

    You have an error in your list of July dividends. You show PEP in both June and July, but it should only show up in June.

    Good luck to all!

  5. Hi DP, nice blog, I like your strategy. What is your opinion of DRIP?


  6. Scott,

    Great catch! I appreciate it. The total for each month was still correct, but I accidently added PEP for each list. It's been fixed now! Thanks, keep in touch,


  7. Anonymous,

    I definitely see the value in dividend reinvestment. There are few better ways to grow your portfolio over time, in my opinion.

    BL - Until your portfolio is throwing off enough cash each month to strategically pick and choose which investment is undervalued at the time, your best bet is simply to dollar cost average all of your positions through DRIPs. Otherwise, unless you are disciplined enough to return to that position and deliberately add capital to it, it will stay the say number of shares forever (unless it splits). Most of my positions are still too small for me to be satisfied with my current # of shares.

    Feel free to followup with an email if you would like to discuss further.

    Anyone else care to comment on this topic?


  8. what is your target for this year and your ultimate goal?

  9. Inq,

    My target for the year is $2k earned in dividend income. I don't think I'll make it unless I include income from my IRA as well, but we'll see. I go more into detail in my Goals tab above.

    Keep in touch,