Who Paid Me?
Images gathered on Google Images.
| Stocks | Dividends | Shares Amount |
|---|---|---|
| Altria Group | $13.04 | 13.87 |
| Comcast | $5.90 | 20.33 |
| Coca Cola | $5.20 | 11.30 |
| Illinois Tool Works | $4.16 | 3.17 |
| Total | $28.30 |
Over halfway through the year, and my total dividend income is $228.61, including July’s dividend checks. A year ago, I was happy with 50 cents or a dollar. Now I am getting dividend checks that are $5, $10, and even in the $20s. Dividend Growth Investing (DGI) is a slow snowball effect that involves a long-term view on investing in the stock market. However, you build wealth, not just for you, but for generation wealth, and that is why I dollar cost average into my DGI each week. To live off the dividends and my portfolio to reach FIRE, and do things that I love like making coffee, writing blogs, creating financial tools, and most importantly to me, spending time with my future wife and family. DGI gives you Fu*k You Money, it buys your freedom and allows you to do what you like most. This is the reason why I invest.
July, as well as January, April, and September, are boring months when it comes to dividend checks. Altria Group (MO) gave me my biggest check this month at $13.04 based on 13.87 shares. The MO share price has stayed stable in the mid-40s for the last 6 months. While their dividend is sweet, the capital growth of the company is slow (the dividend growth rate is steady). Therefore, I have taken it out of my DGI (spoilers for the DGI blog update). That being said, I will likely add it back into the DGI portfolio later in my life! Just not the right stock for my goals.
Comcast (CMCSA) is truly a great company with a wide moat in the communications sector. The company has bounced on a year-to-year price increase of 23.7%. Comcast has increased its dividend for the last 5 years and has a 5-year dividend growth rate of 10%. This month, I received $5.90 based on 20.33 shares. I continue to plan and DGI into CMCSA to help me reach FIRE one day.
Coca-Cola is likely one of the most popular companies in the stock market. Everyone knows the drink and the company. It is a great stock to own for stable income/growth and has a great dividend. This month, I received a $5.20 check based on 11.30 shared. However, like MO, I am also taking this stock out of the DGI portfolio for the same reasons. It is a great and amazing company, but the metrics of this stock do not align with my investing goals. Although, I will most likely add the stock back into the DGI portfolio later on in my life.
Lastly, Illinois Tools Work (ITW) was the lowest paycheck of the month at $4.16 based on 3.17 shares. ITW is an incredible DGI stock as it is a dividend aristocrat (25+ years of dividend growth and in the S&P 500 ETF), with a dividend growth rate of ~11, and a 10-year annualized return of ~17%. This stock has a wide MOAT and deserves a place in my DGI portfolio!
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Financial Disclaimer: I am not a Certified Financial Advisor (CFA), I am a meteorologist. The blog posts about investing are my opinions and for your entertainment purposes. They should not be considered financial advice. Investing in the stock market is risky and you can lose money. If you want to invest in the stock market or have questions about how or where to invest, please seek a CFA.
Affiliate Link Disclaimer: Some of the links are affiliated links with Public and M1 Finance. As a member of their platform, I earn a small portion if you click the link and sign up with them. I enjoy these companies and would not recommend them to you if I did not believe in their mission and platform. Thank you!
I use the stock trading platform called Public (this is an affiliated link where I get a small kickback if you sign up with my referral code/link!). Public charges no fees to invest, you can choose to have your dividends in a reinvestment plan (DRIP) (this is very important and will likely be explained in another blog), the platform is simple and user-friendly, and you can buy fractional shares. I have enjoyed Public’s platform this past year and will continue to use it. The link above is an affiliated link sign up today and get a free slice of a popular stock between $3-300! This is my compounding machine in which I hope to reach financial independence by using dividend growth stocks to supplement my income.
To act as a high-return savings account, I use an M1 finance account (Sign up today and get $10 for free!). I will use this fund to help pay a down payment on a car or house, and any other future expenses. Instead of getting a 1-2% yield/return, I hope to get an 8-12% return.
Below is a monthly expected dividend chart. If you are curious, I have created a do-it-yourself portfolio dashboard. it has everything like a portfolio calculator, a dividend calendar, and much more. Including the portfolio dashboard, I also have multiple financial tools, cookbooks, and more on my Patreon! Check out the page by clicking this link.
