Live Off Dividends

Passive Income and Personal Finance

August Dividend Portfolio Update

August Dividend Portfolio Update

I can’t believe August is over already! And with it Summer is just about over as well. Temperatures are slowly starting to cool down and with having to be outside at work everyday, I’m definitely not complaining about that!

It looks like stocks are finally starting to drop some. This is the first time since I’ve started investing that I’ve been in the red for the month.  I ended up being down 1.53% and lost $507.90. Gotta take the good with the bad!

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I purchased 7 shares of Anheuser Busch (BUD) this month and I’m very happy with the buy. Though there are some disadvantages for me to hold a Belgian stock I’m certainly okay with this one. With the largest beer manufacturer in the world this is definitely a solid company. People drink when they are happy, sad and everything in between so I don’t see this company or there dividend going anywhere anytime soon. I also purchased 14 shares of Hormel Foods (HRL).

Dover (DOV) also increased their dividend from $0.42 to $0.44 so I gained another $1.36 per year from that.

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After August, I’m up $3,143.24 (10.64%) for the year. This is down from last month but I’m not dwelling on it too much. Stocks are starting to drop some which is fine with me!

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I received $96.28 in dividends this month bringing my yearly total to $460.99! This was my second best month for dividends to date! My end of year goal is to average $100/month from dividends so I was extremely close this month, no complaints!

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With the addition of Anheuser Busch and Hormel to my portfolio and the dividend increase from Dover I have increased my yearly dividends by $41.16 this month! My average yield after this month is 3.98%, still hovering right around that 4% number that I’m striving for.

The two acquisitions and the dividend increase from DOV have brought my annual dividends up to $1,176.91! I’m just $23 short of my yearly goal of $1,200 per year in dividends! I think next month I should be able to increase my dividends by at least that much to surpass my goal. Things can only get better from here!

 

How did your portfolio do in August?

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11 Comments

  1. I see many solid dividend payers in your portfolio. Nice to see that you aren’t just chasing super high yield that isn’t sustainable. I used to own BUD before it was bought out. It was a great long term holding for sure. You might want to take a look at DEO in the spirits space. Congrats on your passive income earned for the month. A $100/month average monthly goal is definitely achievable this year. Thanks for sharing.

    • Yes, I am truly focused on a long term portfolio I don’t necessarily need to take on extra risk with unsustainable dividends. I will definitely check out DEO! Thank you, I have my eyes set on $110/month by the end of the year now!

  2. Nice work John.

    I think many people will be in shock when a market crash comes. In 2008 I saw my portfolio go from $80,000 down to $30,000 in a few months haha…

    Like you said, You gotta take the good with the bad 🙂 and remember it’s a long long game.

    • Thank you! $80,000 to $30,000 wow… That would hurt my heart. But at the same time my eyes would light up because opportunity would be everywhere! It’s a life long game for me, so no rush 🙂

  3. Awesome job, even though I’m not familer with the market just yet, I notice in news the drop in the stock market

  4. Doing good bet your sept will be awesome

  5. I need to learn more about this. Right now I feel like I’m a fish out of the water. 🙂 Thanks nonetheless.

  6. Why don’t you have any preferred stocks? you’ve got wells fargo common and they only pay 2% whereas wells fargo preferred pays 7%

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