This month I made one new purchase this month acquiring shares of 3M (MMM) in my taxable account.
I brought in a total of $338.97 in dividends ($113.48 taxable, $69.01 Roth, and $156.48 IRA). This is an increase from last year (281.30 total) by 20%.
In terms of dividend increases, I realized*one raise from the Bank of Montreal (BMO). The increase was 3%. I have now realized 39 raises thus far this year. I also realized one cut of approximately 33% by KHC.
Next month I will realize nine raises from the Hershey's (HSY), Kellogg's (K), Target (TGT), Union Pacific (UNP), Discover Financial Services (DFS), JM Smucker (SJM), Walgreen's Boots Alliance (WBA), Westlake Chemical (WLK), and Aqua America (WTR). The increases range from just about 2% to 10+%. In addition, Kontoor Brands (KTB) initiated a dividend and VF Corp (VFC) decreased their's, however these add up to the same respective amount so this stat will not be added in as this is due to the KTB spin off by VFC.
* I only count increases when realized, because until that money is delivered any statements or declarations are simply conjecture.
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 (I choose not to count the house or cars as assets). Outside of our house, we still have very low interest auto debt (1.5% for our car), which I am aiming to pay off by the end of the year. Debt is being eliminated, and we are aggressively building and assets.
My next purchase will be in October or November. Our focus is on eliminating the auto debt before next year.
Next month should produce around $448 in dividends, which is a 12% YOY increase.
My portfolio page is currently up to date.
Hope everyone has a great September.
- Dividend Gremlin
- Long all stock tickers