Monthly Dividend Income – August 2017

Its time for me to post dividend income earned from my portfolios: DRIP, DIP, & RothI enjoy sharing them as these passive dividend income provides me great inspiration and encouragement to keep chugging along and hopefully to the readers.

I achieved four digit plus figure in total passive dividend Income: $1058.23 to be precise. It was almost close to last quarter but still out of park as compared to last August.  That’s awesome. It only shows the power of Dividend Income engine. I’m that much closer to being Financially Independent (FI) and living a life that I want to live.

Passive Dividend Income – August 2017

1. Dividend Re-Investment Portfolio (DRIP) 
Abbvie Inc. (ABBV): $32.00
Colgate-Palmolive Co. (CL): $8.00
The Clorox Company (CLX): $16.80
Welltower, Inc. (HCN): $19.14
Omega Healthcare Inv., Inc. (OHI): $32.00
Proctor & Gamble Company (PG): $44.82
AT&T Inc. (T): $24.50
Verizon Com. Inc. (VZ): $28.88

2. Dividend Income Portfolio (DIP
American Capital Agency (AGNC): $36.00
Chatham Lodging Trust (CLDT): $44.00
EPR Properties (EPR): $34.00
WellTower Inc. (HCN): $87.00
Main Street Cap. (MAIN): $37.00
Realty Income Corp (O): $37.01
Omega Healthcare Inc. (OHI): $320
Prospect Capital (PSEC): $25.00
Pimco Corp & Opportunity (PTY): $26.00
AT&T Inc. (T): $98.00
Verizon Communication (VZ): $57.75
Whitestone REIT, Inc. (WSR): $19.00

3. Roth IRA
HCP, Inc. (HCP): $18.50
Deere & Comp. (DE): $7.20
Kinder Morgan Inc. (KMI): $5.63

Total Passive Dividend Income: $1058.23

I want to own securities of Blue chip Aristocrats (companies with 25+ yrs of growing earnings) and Dividend Champions. Once the earned passive dividend income covers all my expenses, I will own my time as well and truly free from 9 to 5 tread mill.

I’d setup a goal of earning $12000.00 in total passive dividend income for this year and received total of $10225.63 so far.

Full Disclosure: Long in all above mentioned securities.

How did your Dividend Income come along in month of August?

20 thoughts on “Monthly Dividend Income – August 2017

    1. Hi Jame,

      I’ve not used, but, have thought of using them at some point. Main reason for me not using is that underlying stocks can be called up, which I want to hold for a longer duration and to me, it sounds like loosing control. Anycase, its an excellent idea that I need to explore: InvestmentHunting is having a blast with options.

      Thanks for stopping by and commenting!

      1. I really like the idea of making your money work for you and having those checks just come in/reinvest every month. I guess i’ve just been going about it a little more actively then just collecting the dividends, which is why i suggested covered calls. I sell cash covered puts, if i get assigned and can sell an immediate call at or above my cost basis i do that. If the stock price has dropped i hold the stock (usually blue chips) and collect the dividend just as you have outlined. Do you have any data comparing the two strategies, just collecting dividends vs adding covered options? I’d be very interested to see a comparison.

        Oh, another question I have is if you have ever used any closed end funds? I’ve recently looking into them but they don’t seem overly popular.

        1. Hi Jame,

          You have some interesting ideas and thanks for bringing it up here so that other readers can benefit as well. The way I think reg options: sell puts or covered calls is that: they are more an instrument of trading rather than investing: this requires time to watch the price movement of these options to take opportunistic action, it is a very profitable proposition, no doubt about that. I do not have the data for comparison but I’m thinking to dabble a little more.

          Reg CEFs, I’ve heard and known some: NSL, JFR, JHY, JRI, BIT, etc but, my strategy is more based on individual stocks rather than MFs. What CEFs have you considered. My personal opinion is that: adding a new type of asset into your overall portfolio is a good idea.

          Thanks for stopping by!

    1. Hi InvestingPursuits,

      So far, it appears to be on track and may be over-achieve it 🙂 That would be fantastic thing, who would not love it.

      Thanks for stopping by and commenting!

    1. Hi PassiveIncomeDude,

      Appreciate the kind words. I’ve been at it since quite a while now and beating a target would be amazing. This will put me in the category of 4-digit income per month on a average basis, still to achieve every month.

      Thanks for stopping by and commenting!

  1. Maverick –

    Holy crap. Crushing over the 4 digit mark in August, amazing. What’s nice is how evenly spread a lot of the payers are, typically you see heavy AT&T/Verizon, but not in your case. Your September should be exciting!! Congrats.

    -Lanny

    1. Hi Lanny,

      Absolutely amazing! to have 4-digit income last month and look forward to Sept one. I would like to diversify against the basket of securities rather than concentrating in one or two. My portfolio is still WIP even after so many years of construction, we will see how Sept turns out.

      Thanks for stopping by as always and commenting!

    1. Hi InvestmentHunting,

      Thank you and I’m sure you will be cracking this barrier. It feels good to achieve this high mark and makes you that much closer to being FI. I’m also inspired by your options income and need to dabble into it as well as cryptocurrency. I started my crypto account and put a small amount of money in bitcoin, ethereum and litecoin. However, cyrpto market has tanked recently due to chinese closure of exchanges. we will see how it works out in future.

      Thanks for stopping by as always and commenting!

    1. Hi IJFL,

      Appreciate the like. It looks like I’m on track to crack $12k mark this year. This will be exciting as I’ve been waiting for this sort of income for so many years. Good to see some light at the end of tunnel 🙂

      Thanks for stopping by and commenting!

    1. Hi Doug,

      Thank you for the kind words. I like reits and utilities as they are steady source of passive income. There are few others like LTC, DOC that I would like to consider as well.

      Thanks for stopping by and commenting!

    1. Hi Evan,

      I started out long time back with drip account and then branched off to completely discount brokers and that’s why the moniker of Drip has still stuck for that part of portfolio. In fact, I’ve stopped dripping and selectively invest in the fairly valued company.

      Thanks for stopping by and commenting!

      1. I’ve often wondered if you would come out ahead if you didn’t automatically reinvest dividends but rather selectively invested the dividends as you have mentioned. The common advice is to just always reinvest dividends but is that always the best advice? I have a monthly paying dividend account as part of my larger portfolio. If my holdings are below my cost basis i reinvest the dividends, if the holdings are above my cost basis i take a cash payment and look for other opportunities to expand the fund.

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