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.
|7/1/22||DIVO||AMPLIFY ETF TR CWP ENHANCED DIV||$105.13|
|7/5/22||BBY||BEST BUY CO INC||$19.36|
|7/6/22||IRM||IRON MOUNTAIN INC||$500.07|
|7/8/22||MRK||MERCK &CO. INC||$151.09|
|7/14/22||MPW||MEDICAL PROPERTIES TRUST INC||$197.41|
|7/15/22||AQN||ALGONQUIN PWR UTILS CORP||$335.02|
|7/15/22||CPT||CAMDEN PROPERTY TRUST||$14.42|
|7/15/22||KBAL||KIMBALL INTERNATIONAL INC||$2.48|
|7/15/22||LEG||LEGGETT &PLATT INC||$299.81|
|7/15/22||PKG||PACKAGING CORP OF AMERICA||$8.83|
|7/15/22||WPC||WP CAREY INC||$580.49|
|7/20/22||PSEC||PROSPECT CAP CORP||$98.13|
|7/25/22||NUSI||ETF SER SOLUTIONS NATIONWIDE NASDQ||$15.65|
|7/26/22||XRMI||GLOBAL X FDS S&P 500 RISK||$28.76|
|7/26/22||XYLD||GLOBAL X FDS S&P 500 COVERED||$74.22|
|7/29/22||BNS||BANK OF NOVA SCOTIA||$30.13|
|7/29/22||CM||CANADIAN IMPERIAL BANK OF COMMERCE||$305.78|
|7/29/22||OGE||OGE ENERGY CORP||$144.08|
|7/29/22||M1 Finance||M1 DIVIDEND GROWTH ACCOUNT||$43.72|