The start of each month is exciting for all dividend income investors, as we look back at the previous month and see how much passive dividend income our portfolios have generated. July was as exciting as my year-over-year numbers continue to highlight the trifecta magic of dividend investing, which includes adding fresh capital, dividend increases and base capitalization to create an ever-increasing passive income stream. Even if I stopped adding fresh capital today and every dividend share I owned kept all distributions flat, without a single increase, my passive income stream would continue to grow. That being said, let’s go back to my July 2022 dividend income.
|01/07/2022||KO||THE COCA-COLA CO||$56.86|
|05/07/2022||KMB||KIMBERLY CLARK CORP||$74.85|
|05/07/2022||GSK||GSK PLC ADR||$15.69|
|08/07/2022||BC||CHUBB LTD F||$7.47|
|11/07/2022||MO||ALTRIA GROUP INC||$319.94|
|07/14/2022||ITW||ILLINOIS TOOL WORKS||$71.26|
|07/14/2022||MDLZ||MONDELEZ INTL CLASS A||$11.26|
|07/15/2022||PM||PHILIP MORRIS INTL||$194.48|
|07/15/2022||HAC||CARDINAL HEALTH INC||$31.62|
|07/15/2022||JCI||JOHNSON CONTROLS INTER||$41.65|
|07/15/2022||LEG||LEGGET & PLATT INC.||$20.38|
|07/25/2022||GE||GENERAL ELECTRIC CO||$7.60|
I must say that I am quite satisfied with my July totals. Not too far from that coveted four-digit milestone too. The proof of our dividend investing strategy is in these actual results, even with big stinkers like GE and KHC and BP and WFC and YUMC all cutting dividends at some point. It doesn’t matter… That’s why we’re diversifying! After all, dividends don’t lie. It is real money that comes back to investors. With patience and consistency, these results and better can be achieved. Remember that investing with blinders on can sometimes be beneficial as it blocks out the constant noise we are bombarded with on a daily basis and keeps you focused on the job at hand which is to keep investing, not fall into the pitfalls from the timing of the market, to diversifying, not being buffeted by the market when it crashes, and simply creating a strong and steadily growing passive income stream.
Are any of these dividend-paying stocks also in your portfolio? How was your July dividend income? Please let me know below.
Disclosure: Long all above
Editor’s note: The summary bullet points for this article were chosen by the Seeking Alpha editors.