It’s now come to that time of the month to review my passive dividend income of the past month. I like to look at the income that I get from doing nothing outside of investing in high-quality companies that do business with people around the world. Every dividend payment is a positive reinforcement that increases my nest egg.
I received only two dividend payments for July, as there are fewer companies who pay in the first month of the quarter. Regardless, my payments from these two companies was higher than it was in April. My dividend earnings for July were as follows:
Bank of Nova Scotia (BNS): $4.98
Coca-Cola (KO): $3.52
TOTAL for July: $8.50
My dividend from BNS was reinvested to purchase 0.084 additional shares of this company. This will add a few cents to my dividend income each quarter. How much is a bit debatable because of foreign exchange rates.
The total amount of the dividends that I earned in July came to $8.50. This is $0.40 less than my amount from the same month in the last quarter. The reason for the decline is related to the unusual payout schedule that Wal-Mart adheres to. They pay out in April and again in June, so I’ve already received my payment from Wally World.
My annual dividend income now stands at $70.11. This is just a bit more than $10 a month. August should be a better month for passive income, as should September. My hope is that this is the final month that I have an income in the single digits. Another hope that I have is that three figures for a month will come in due time. I will add this to my dividend income page. How was your month of dividend income?
Disclaimer: I am not a financial advisor. This article is not a recommendation to buy any security. It is intended only for educational/entertainment purposes.
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