As I sat down to write this post, the temperature outside was well over 100 degF. Lucky for me, the temperature is not the only thing heating up around here… Time to find out what dividends the month of August provided for me… plenty!
The total was $472.65… a scorching 52.03% increase compared to the same month last year. I highly doubt I can keep that up, but I’ll take it while I can get it.
I had 12 companies pay a dividend, the most coming from OHI, and the least from SBUX. I suspect SBUX may move up my payout list by the time of their next dividend payout in December thanks to my purchase this month that doubled my position.
The amounts from OHI, FAST and O were boosted by additional purchases over the past year, as opposed to being from only dividend increases and reinvested dividends.
The amount from SWKS was a decrease compared to last year, due to partial sale during the past year.
Four companies are new August payers for me – CVS, APD, HRL, and CTSH – a major factor in my large % increase this month.
Meanwhile, the Linear Technology (LLTC) dividend stopped due to the position being sold just prior to LLTC being acquired by Analog Devices (ADI).
In August, I had 2 companies raise their dividend – not as good as the 4 from last month, but very acceptable nonetheless. One raise was very healthy… a smoking 20% raise from ITW. The other raise from MAIN wasn’t too shabby either at 2.7%. MAIN has been adding semi-annual special dividends as well. Needless to say, these are welcome increases.
One note about the MAIN increase… it doesn’t kick in until the 4th quarter, so I won’t be reflecting this new dividend amount on the Portfolio page until next month, so that it doesn’t skew any of the expected monthly dividend estimates.
These raises contribute a total of $30.89 to my forward dividend income!
Another awesome month of progress, as the YOY total showed over a 50% increase! This percentage gain will be hard to replicate in future months, but I won’t rule it out. I’m looking forward to September, which should be an even busier month, with more dividend payers and a bigger dividend total.
Are the dividend amounts collected heating up for you, too?