Dividends: Passive Income From June 2017

The month of June 2017 is over. The summer is about half over. That’s not cool, but what is cool is the passive income that I get from dividends each and every month.

The end of the month is a great time to look back and assess where I am. I look at my dividends and where they stand in relation to the same month last quarter and the same month last year. This gives me a good idea if I’m making progress toward my goal of building up passive income. As I’ve noted many times, passive income is the best income.

I like dividends because they come in whether I’m at home or at work. They come in whether I’m awake or asleep, which means I can really earn money in pajamas. At home or on the road? It doesn’t matter. This passive aspect of dividend income is one that I really like.

I own some great companies, and these companies sell goods or serve clients around the world on a daily basis. I can take Christmas completely off, and I’ll still have dividends rolling in from these companies. In June, I earned from several companies and a couple of funds. Here are the dividends that I earned during the month of June.

Dividends For June 2017

Here are the specific companies and funds that paid me a dividend during the month of June 2017:

Kroger Co. (KR)                                                                                                 $2.40
Southern Company (SO)                                                                            $17.40
Johnson & Johnson (JNJ)                                                                              $8.40
Realty Income Corp. (O)                                                                                $5.28

Total Dividend Income From IRA                                                            $33.48

JP Morgan Equity Income R5 (OIERX)                                                   $1.96
Cohen and Steers Realty Shares (CSRSX)                                          $21.79

Total Dividend Income from 401k                                                          $23.75

Total Dividend Income for June 2017:                                            $57.23

This dividend income is the highest that I’ve earned thus far this calendar year, and I must say that I’m pretty happy with it. Of course, this much passive income would not go far, but it is another step in the right direction.

Year-To-Year Comparison

I like to look at my monthly dividend income and then compare it with the amount that I had a year previously. Again, this is a great way to show me if I’m on the right track.

In June 2016, the companies that I owned at the time paid me $18.82. It’s pretty evident from a comparison that I more than trebled my dividend income over the past year. I’m thrilled any time that I see such large increases on a year-over-year basis.

Passive Dividend Income Builds Up Slowly But Surely
My dividends continue to build slowly, but surely.

The companies and funds that I own have now paid me $206.64 for the year. This compares with the $61.60 that I had earned at this point last year. My passive income has increased by more than 200 percent in just a year.

Furthermore, I’m now on track to earn $454.05 over the next 12 months in my traditional IRA account. This would buy me about 22 hours and 45 minutes of freedom over the next year without taking into account the dividends I earn from my 401k funds. I track this based upon having to replace $20/hour. I’m getting up close to the two hours a month level.

I can’t believe how far this has come from the $0.64 I received from Apple back in August 2015. This was the first of the dividends that companies have paid me, and the amount has only gone up from there. How was your dividend income last month? I’ve updated my monthly dividend record to reflect my dividends from June 2017 if you want to check out my progress.

Disclaimers And The Like

If you’d like to keep up with my progress, be sure to sign up for updates in the email signup box near the top of the page or via the popup that asks you to sign up. You can also follow me on Twitter.

Disclaimer: I am not a professional financial advisor. I intend this information for informational and educational purposes only. Perform due diligence before investing in any equities. See my disclosures page for more information. I’m long KR, O, SO, JNJ, CSRSX, and OIERX.

 

6 thoughts on “Dividends: Passive Income From June 2017

    • cp913 says:

      Doug,

      That’s definitely the plan. Before I know it, I should be able to take care of quite a few expenses with the dividends I bring in.

  1. Congrats on earning your highest month of passive income for the year. Your year over year growth has been impressive in June as well. Looks SO was one of your big payers. I wouldn’t mind adding to that stock again. I like the utilities for their stability. Thanks for sharing.

    • cp913 says:

      I also like utilities. People pretty much have to use them in much of the country, so there’s a recurring revenue stream for sure.

  2. That is one fast moving turtle there. Congrats on posting a sick year over year growth rate for your dividend income EMIP. That is very impressive and it is always great to set records for the year. Keep up the great/inspiring work and I look forward to seeing what you have in store for us next month.

    Bert

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