July 2017 Passive Dividend Income

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

 

Disclaimer: This site includes affiliate links. Should you choose to sign up for any program with my referral links, I may be compensated. July is now winding down, and with it, summer. I’m always kind of sad to see this season waning although I like the weather in the fall more. With the end of another month, it’s time to review the passive dividend income that came my way in July.

July 2017 marks the end of two years since I started tracking my dividend income. I own shares of several different companies and funds that pay me one a monthly or quarterly basis. These companies sell their wares around the world, 24 hours a day. Therefore, a portion of their profits accrue to my account.

I love getting this income. I was in Europe last month visiting Prague and other cities. While I was there, my broker sent me an email that told me I’d received a dividend.

Whether I’m asleep or working hard, companies that I own pay me. The same goes for what I’m wearing. It doesn’t matter to the companies that I own. I earn some money in pajamas. I earn some money while I’m dressed in business casual for work. Right now, my passive dividend income is pretty small. I’m expecting that it will grow over time to be a nice snowball with its own mass that increases largely on its own.

Passive Dividend Income For July 2017

Today, I have to periodically add capital to get the snowball started. Without further ado, here is where my income for July 2017 came from:

Traditional IRA:

Realty Income Corp (O)                                                          $5.29
General Electric (GE)                                                              $9.60

401k

JP Morgan Equity Income R5 (OIERX)                           $0.44

TOTAL DIVIDENDS FOR APRIL 2017:                           $15.33

The first month of each quarter tends to the smallest for me in terms of dividend income. October is likely to see a smaller payout for me in terms of dividend income, as I just sold my stake in General Electric (GE) in the last week.

Year-to-Year Comparison

My $15.33 in dividend income that I received in July brings my total for 2017 to $221.97. At this time in 2016, I’d earned $69.77 in dividends. Therefore, I’ve increased dividend income to this point in the year by 218%. My dividend income in July 2016 was only $8.50, so my year-to-year increase for July was just above 80%, which wasn’t quite as good as my year-to-date cumulative increase.

With my sale of GE, the estimated dividend income that I expect to receive from my IRA dropped to $427.57. I track my dividend income in terms of the number of hours of freedom that it will buy me. This income should buy me about 21.5 hours of freedom each year, which is just less than 2 hours a month. I estimate that every $20 of dividend income would replace one hour of working income when accounting for taxes and work-related expenses.

I’m happy with the progress that I’ve made over the past couple of years. I’ve added this income to my Monthly Dividend Income page. How was your dividend income for July? Let me know if the comments.

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 O and OIERX.

2 thoughts on “July 2017 Passive Dividend Income

  1. Being this enthusiastic and this on top of your dividends at such an early stage is a great sign of things to come. I didn’t get serious about passive income for years and it likely cost me a pretty penny.

    Good Luck, I’m looking forward to watching your progress.

    • cp913 says:

      I agree that it costs a pretty penny. If only I’d started when I was just out of college. Better late than never.

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