July Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of July I made $3,740.41; a decrease of -5.3% versus this time last year.  GSK’s dividend cut along with two dividend payouts sliding into August.  GSK’s dividend cut was due to its Haleon (HLN) spin-off. HLN does not pay a dividend yet but hopefully will announce a dividend policy later in the year that compensates for the cut.

In July I received 6 dividend raises from ARCC, CMI, DUK, R, SJM, and WBA.  These raises will add an additional $89.63 to my annual income going forward. My biggest disappoint was the Ryder (R) raise of 6.9% which first did not meet inflation and second did not meet my expectation of a 20% raise. On the flip side, the raise from ARCC was unexpected as they increased their dividend back in February, this raise brings their total increase up to 4.88% which is sweet for a high yield BDC.

DateSymbolCompanyAmount
7/1/22AGRAVANGRID$24.13
7/1/22ALLALLSTATE CORP$3.42
7/1/22DIVOAMPLIFY ETF TR CWP ENHANCED DIV$105.13
7/5/22BBYBEST BUY CO INC$19.36
7/5/22GRMNGARMIN LTD$74.76
7/5/22KMBKIMBERLY-CLARK CORP$17.22
7/6/22IRMIRON MOUNTAIN INC$500.07
7/7/22GSKGLAXOSMITHKLINE ADR$116.87
7/7/22TUTELUS CORPORATION$58.05
7/8/22MRKMERCK &CO. INC$151.09
7/14/22MPWMEDICAL PROPERTIES TRUST INC$197.41
7/15/22AQNALGONQUIN PWR UTILS CORP$335.02
7/15/22CPTCAMDEN PROPERTY TRUST$14.42
7/15/22EPREPR PROPERTIES$85.49
7/15/22KBALKIMBALL INTERNATIONAL INC$2.48
7/15/22LEGLEGGETT &PLATT INC$299.81
7/15/22PKGPACKAGING CORP OF AMERICA$8.83
7/15/22WPCWP CAREY INC$580.49
7/20/22BCEBCE INC$405.89
7/20/22PSECPROSPECT CAP CORP$98.13
7/25/22NUSIETF SER SOLUTIONS NATIONWIDE NASDQ$15.65
7/26/22XRMIGLOBAL X FDS S&P 500 RISK$28.76
7/26/22XYLDGLOBAL X FDS S&P 500 COVERED$74.22
7/29/22BNSBANK OF NOVA SCOTIA$30.13
7/29/22CMCANADIAN IMPERIAL BANK OF COMMERCE$305.78
7/29/22OGEOGE ENERGY CORP$144.08
7/29/22M1 FinanceM1 DIVIDEND GROWTH ACCOUNT$43.72

10 thoughts on “July Dividend Income

    • I do plan on keeping HLN for now, their product lines are over-the-counter treatments so a steady but slow growth. I’ll re-evaluate HLN a year from now and decide if I want to keep it.

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  1. I see you joined me in the negative YoY club for July, SDG. It’s just a blip on our radar, I’m sure. Given your PPL sale, you did well making up most of the lost income from that.
    I see BBY was a recent addition. I’ve been eyeballing that stock for a couple of months. I’m hoping I can establish a position around $70… we’ll see. The stock traded there in late June and early July.

    Liked by 1 person

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