Friday, July 29, 2016
July Review / August Preview, 2016
Now the focus is on my new job, which starts in less than two weeks. In the mean time I will be wrapping up my current position. One thing I will note is that my pay schedule will change from once every two weeks to monthly, which sucks. This will mean cash is tight for a brief period, however my salary increase will really start to fit in quickly, and debts will be punished.
I was able to put $90 and purchased a new share of YUM stock. It was a small purchase, and I did not feel like it warranted any posting.
Last month I brought in a total of $84.98 in dividends ($65.47 taxable, $19.51 Roth). This is an increase from last year ($77.69 total) by 9.4%. Not a bad increase, but it could have been higher had I held onto Chubb stock, but I am happy with my decisions concerning that situation earlier this year. Those transactions have given my DFS and AMP stock.
In terms of dividend increases, I realized two this month from from Realty Income (O) and CIBC (CM). The raises ranged from 0.5% to 2.5% (local currency).
Next month I will realize no dividend increases. Thus far for 2016, I have realized 20 dividend increases. Boom.
Our only long term debts are our cars and my wife's student loans, and her loan won't last the year. With my new job rapidly approaching there will be a brief hiatus on putting extra cash towards debts, until I start getting paid. Once that happens, all bets are off and I will be crushing debts with this extra cash.
Next month should produce around $91 in dividends, which is a 35% YOY increase. Investing wise this will be a bare bones month or two. Once my pay period becomes more regular, watch out debt, watch out.
My portfolio page is currently up to date.
Hope everyone has a great August!
- Dividend Gremlin
- Long all stock tickers mentioned