Q2 2022 Review / Q3 2022 Preview

 

Summer Gremlin here to talk about the second half of the first half of the year. This year, and indeed this decade, is one that continues to get weirder and weirder for mostly all the wrong reasons. Its not even worth delving into the world considering any crystal ball predictions out there are probably wrong or so right that they're still wrong. So lets examine how my dividend growth adventure is going. The summary is below, but suffice it to say things are still headed in the right direction despite all of life's challenges.

Q2 2022:

Over the last quarter I added shares of my employer, Johnson and Johnson (JNJ), Lakeland Bancorp (LBAI), and YUM, in my taxable account. I also added to Cisco (CSCO), Corning (GLW), JM Smucker (SJM), Ames National Corp (ATLO), and Essential Utilities (WTRG) in my retirement accounts.

Last quarter I brought in a total of $1,266.97 in dividends ($660.36 taxable, $379.99 Roth, and $229.62 in my IRA).  In total my accounts beat their respective 2021 months by 0.24% for April, 7.4% for May, and 12.1% for June. 

In terms of dividend increases, I realized 17 raises from Apple (AAPL), American Express (AXP), CSCO, Evercore (EVR), General Dynamics (GD), JNJ, Coca Cola (KO), Realty Income (O), Pepsi (PEP), Raytheon (RTX), Sonoco (SON), WalMart (WMT), Ameriprise Financial (AMP), Corning Inc (GLW), Discover Financial (DFS), Kinder Morgan (KMI), and Kimberly Clark (KMB). The increases range from just about .02% to more than 10%. This brings my total raises to 40 on the year. In addition, my holding of CIBC (CM) had a 2 for 1 split.

Next quarter I will realize at least 8 dividend increases from Bank of Montreal (BMO), Bank of Nova Scotia (BNS), CM, Kroger (KR), Medtronic (MDT), Royal Bank of Canada (RY), Target (TGT), and John Deere (DE).  The increases range from 3% to around 24%.

In addition, I added about $150 in profits from options and speculation trading

NOTE: I only count increases when realized, because until that money is delivered any statements or declarations are simply conjecture.

Q3 2022:

The mortgage continues and I am putting extra cash towards the principal monthly - not a huge number, but every little bit counts. Our debts currently outstrip our assets, since I do not count my home as an asset until I own it outright.

The buys shall continue until financial independence improves - with monthly rolling buys of course.

My portfolio page is currently up to date.

I sincerely hope everyone's summer 2022 is as good as can be.

- Dividend Gremlin
- Long all stock tickers mentioned