For those of you keeping score, you might have noticed that I haven’t posted my monthly dividend returns since May. The reason for this is because June’s returns were lower than May’s and didn’t deserve a post in my opinion. But now I have some good news to share once again with July’s dividends. I hit a personal record for monthly dividends with ($11.91). This is more than all of my dividends combined from January through June. Most of the heavy lifting was done by a boost to MORL’s dividend this month and the decent, steady yield of KRFT. While I’m nowhere near retiring on $11 a month, it feels good to see a new personal best.
Here’s a breakdown of my July dividends:
LOYAL3 ACCOUNT
– PEP = $0.07
– KO = $0.23
– NKE = $0.03
ROTH IRA
– MORL = $5.80
– KRFT = $5.78
Grand total for July = $11.91
Although I’m pleased to see my dividend income growing, I’m far from satisfied. I’m looking forward to reporting my next dividend record. Thanks for stopping by.
Dear Dividend... 
That`s a good month DD. Keep it up and watch it grow!
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Thanks! Even though it is still a small month of dividends, it feels good to know it will keep growing over time.
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Congrats on the progress, DD. Keep at it and it’ll grow year after year
R2R
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Thanks! I’m excited to see it grow!
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Glad to see you are starting the compounding! Keep up the good work! Which month is greater isn’t the biggest concern to me as I look more at the annual dividends rather than which month will be generating the most. Better to focus on the companies you want first.
Thanks,
Kipp
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Thanks! That is sound advice. I’ll pay more attention to the annual dividends and focus on good companies for the long-term. The monthly improvements are just small victories in the greater battle.
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DD,
A journey of 1,000 miles starts with a single step. And the journey to $1,000 in monthly dividend income starts with $11. 🙂
Keep building that snowball. It’ll eventually start to roll all by itself!
Best regards.
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DM,
Thanks for the words of encouragement. I look forward to the day the snowball starts rolling by itself!
Regards,
Dear Dividend
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Congrats on the progress. No matter what the size, any progress is better than no progress. And slowly and steadily, you will see the dividends going up each and every month.
DGJ
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DGJ,
Thanks for stopping by! It will be nice to be able to reflect back on my first year (2014) of dividends and see the initial progress.
Regards,
Dear Dividend
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Hi DD,
Congratulations on your personal best!
This may seem small, but it will grow over time 🙂
On a side note.. Please accept the Liebster Award I’ve nominated you for.
More information: http://dividendforstarters.blogspot.nl/2014/08/liebster-award.html
Thanks.
Best wishes. DfS
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DFS,
Thanks! I was just recently nominated for the Liebster Award however. I appreciate the recognition!
https://deardividend.wordpress.com/2014/07/25/liebster-award/
Regards,
Dear Dividend
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Slow and steady wins the race! The amount is small for now but as long as we continue to invest in good businesses with fair value, the rest will follow.
David
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Thanks! I agree that slow and steady is the name of the game when dividend investing.
Regards,
Dear Dividend
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This is fantastic. I, too, am on small amounts per month £12.69 in June vs. £1.55 in July! As I see it, even if it’s just £1.55, that’s a bag of new potatoes that I don’t have to earn money for! Keep up the good work!
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I agree. Even with smaller amounts, I’m starting to see how it can pay for a monthly expense if needed. I’m nowhere near retiring but it is exciting to see it grow and imagine what expenses can be covered by dividends in the future.
Regards,
Dear Dividend
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Regardless how big or how small the dividend you get just remember you did absolutely 0 work having to earn them. That alone is pretty awesome. Keep up the good work, I will be looking forward to following your journey to financial independence.
have a great weekend
Ace
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It does feel good knowing those dividends could potentially keep flowing without me making any changes.
Regards,
Dear Dividend
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Almost $12 is awesome. You see where you were months ago and where you are today. You should always post your updates every month no matter the amount. It’s progress any which way you look at it. It’s all about building and the snowball effect. From dividend pennies dollar are born. Keep up the good work and look forward to your next update.
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This is the start and I can’t wait for the snowball to grow even more.
Regards,
Dear Dividend
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Everyone has to start somewhere but the key thing is that you’ve realized what you need to do and are working towards it. Even though it’s slow at times the progress comes pretty quickly. In July you received more dividends than you did the whole first half of the year. That’s awesome!
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JC,
Thanks for the encouragement. I’m projecting a new personal best before the end of the year so it helps to keep the momentum going. Thanks for stopping by!
Regards,
DD
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Congrats on your progress! keep posting your updates every month and you might inspire someone who just starting. today you earn almost 12 dollars, so then one day it will become 120 and then another day 1200! Baby steps and persistance always help to achieve goals we set for ourselves!
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I hope to see $1200 one day!
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Gotta start somewhere right? I just started and can’t wait to see the dividends come in more consistently soon. Thanks for sharing and I look forward to future updates. Post them even if it’s not the best month!
Thanks, Sam
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Even though they are small I can expect dividends on a monthly basis. I’m trying to find more cash to invest because I want to see these keep growing. Thanks for stopping by and good luck with your investments!
Regards,
Dear Dividend
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DD:
I’ll grant you that your current monthly dividend income is not going to pay for much :-). I think the most important comment you made though is in regard to it being a new “personal best”. When it comes to dividend investing, it’s all about persistent and gradual progress. We are all different in terms of net worth and invested assets so we can’t always think only of dollar amounts.
Actually, I am thankful for your article because it caused me to reflect a little on where we (wife and I) have been compared to where we are. We will never live in luxury because of dividends, but we will most certainly be better off. It’s all about the progress. I think that over time when you start looking back at at YOY dividend income reports, you will be pleased.
Today I was updating Quicken with our July financial statements (yes, August is almost over – I’ve been slacking). When I looked at the dividend dollars for July, my reaction was “meh”. It just didn’t seem like much money. Looking further though, I realized that our dividend income was up by over 37% compared to July 2013. I have to view that as great progress. I think you will end up in the same boat. It should just keep getting better.
Keep up the good work.
Steve
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Steve,
Thanks for stopping by and the words of encouragement. Knowing that there will be progress in the future, whether it be slow or fast, it is reassuring. With a family and a house, expenses never seem to stop so it makes it hard to boost my investments at the rate I desire. Nonetheless, I’ll still keep plugging away. Congratulations on the 37% increase from July 2013! That is quite impressive. Good luck on your future progress.
Regards,
DD
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