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Aug 14

My First Ever Dividend Income Extravaganza!


Welcome to the first ever edition of Doubling Dollar’s Dividend Income Extravaganza!

Send the kids away, break out the champagne, and get ready to celebrate! It’s dividend time!

I mean, who doesn’t like getting paid for zero effort? I am sure someone out there doesn’t, but it isn’t this guy. (picture two thumbs pointing towards me) So let’s get this dividend party rocking.

During the entire month of July, I was paid $48.02 in dividends!

Oh yeah, I know you are jelly! ;P

(This post contains affiliate links – they help me pay the bills around here.)


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Well…hmm….err… maybe extravaganza is a bit of an exaggeration. But hey, it’s a start!

Since I roll all this money back into my investments, as well as add more fresh capital, it is bound to grow as the months and years go on.

That’s what it is all about. Brick by brick my family’s financial security is built. Each time I buy a few more shares, the wall grows and protects us a little bit more.

While I am not completely focused on dividend paying companies, I do love receiving those little paychecks in my accounts.

That $48.02 divided by the 31 days in July equals an average daily paycheck of $1.55.

Imagine someone handing you $1.55 every single day in July. That’s basically what happened to me.

I’ll take it and get more next time. Consistent reinvestment results in exponential growth, as my study on the Coca-Cola investors of Quincy, Florida has shown. 

DIVIDENDS

 

Firstly, my IRA with Motif Investing (sign up for a free 3-month trial of Motif BLUE – I also get a free month when you sign up) brought a combined dividend total of $14.99. I won’t list each stock individually as I have just a few shares or fraction of a share with a bunch of different companies thanks to their ‘basket of stocks’ way of doing business.

If you don’t know, with Motif Investing you can purchase up to 30 stocks in a ‘basket’ for $9.95. It’s a unique idea and I wanted to try it when they first came out.

Medical Properties Trust (MPW) – I purchased these shares in my rIRA recently and this is the first dividend since my ownership. $0.24 per share gave me the largest share of July’s total – $29.28.

Air Lease Corp. (AL) – While the dividend yield is small at just 0.75%, it has been growing at a great rate. Its 3-year dividend growth rate is 36%. $0.075 per share gave me $2.85.

W.P. Carey Inc. (WPC) – Lately WPC has been doing half cent dividend raises every quarter. Is it going to be that way going forward? Something for investors to count on like clockwork? Time will tell. $1.00 per share made me $6 richer in July.

CubeSmart (CUBE) – This self-storage REIT paid me $2.70 for owning 10 shares.


Real Estate Investing Platform

STAG Industrial, Inc. (STAG) – This monthly paying industrial REIT gives me $1.87 or $0.1175/share.

General Electric (GE) – I have one lonely share of GE in my Robinhood brokerage account, mostly to watch it. Back in 2015 I asked my wife what companies she wanted to invest in and GE was one she told me. Ask her today and she will say she never said that. GE has taken a bit of a plunge over the past few months but still pays out $0.24 in dividends per share.

New York Mortgage Trust (NYMT) – This REIT hasn’t been managing itself very well and trimmed back the dividend by 4 cents/qtr this year. I have two shares. I bought them as a demonstration to my neighbor, showing him that Robinhood has zero commissions. They threw another $0.40 on the pile.

Disney (DIS) – Disney pays their dividend twice a year instead of the more common quarterly distribution. While their dividend rate of 1.43% is below average, they have a small payout ratio of just 26.5%. This means that the dividend is safe and likely to be raised. Old Mickey Mouse paid my family $4.68.

Nevsun Resources LTD (NSU) – This small mining company used to pay $0.04 per share/qtr but recently cut the dividend back to $0.01. I’m fine with that though. Nevsun is a debt-free, profitable copper & zinc producer from operations at the Bisha mine in Eritrea and the Timok development project in Serbia, which it acquired last year. It ended last quarter with $167 million in cash and zero debt, giving the stock a current yield of 1.51%. Not many companies in this sector can produce positive cash flow while debt-free and starting up a brand new mining site.

They paid me $0.60, but after foreign taxes, I net $0.51.

 

CONCLUSION

Once I have a few of these dividend income reports I will have a baseline for comparison. It will be useful to look back and actually see the growth.

$48.02 is just the start of something extremely powerful – passive income!

Since a few of my larger positions have already passed their ex-dividend date, August will be juicy. At least it will be for the amount I have invested.

You will just have to check back next month to see how nice it’ll be.

Til then!


16 comments

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  1. OthalaFehu

    Everybody starts somewhere. Watching Dividends climb is fun.

    1. MrDD

      I agree! Thanks for reading.

  2. Mrs. Picky Pincher

    Woohoo! Great job getting those dividends, my friend! They’ll only grow exponentially from here. 🙂
    Mrs. Picky Pincher recently posted…What A Frugal Weekend! August 13My Profile

    1. MrDD

      That’s the plan! Love those little kisses of money when they hit me. Thanks, Mrs. Picky Pincher.

  3. Mr Defined Sight

    Awesome man! Fellow Disney investor here, glad you are on the team. Love the dividend reports, I’m thinking of doing the same on my blog at some point. It adds to the motivation if nothing else. Keep it up buddy!
    Mr Defined Sight recently posted…Hate Your Job? This Can Be A BenefitMy Profile

    1. MrDD

      I have always enjoyed reading about dividends, though I am not solely a DGI type investor. I have my index fund as what I call the base of my pyramid, but above that I choose individual stocks in a balanced approach. Still, love to see those dividends hit! Thanks for reading, Disney has a bright future of entertainment ahead. 😛

  4. Graham @ Reverse the Crush

    Thanks for sharing your Dividend income, Mr DD!
    I’m in the same stage as you in that I still need to get more dividend reports published for comparison sake. With that said, $48.02 is an awesome amount of dividends to receive in one month, especially with a low cost broker like Robinhood – you can buy more shares and increase income again! Also, I’m a big fan of Disney and GE. Looking forward to future reports! Keep it up 🙂
    Graham @ Reverse the Crush recently posted…Dividend earnings update #2 | July 2017My Profile

    1. MrDD

      Yes, I have been wanting to track my dividends to be able to see the growth. Like many things that grow slowly, it can be hard to see day by day. By tracking them I will be motivated due to actually watching them grow month by month and year by year. Thanks for stopping by Graham. 🙂

  5. Josh

    July was a decent month too. I’m just getting into owning individual dividend stocks, so I’m happy just to get $5. December is my big month.

    I have my eye on GE too although I don’t own any shares yet and unsure when I will buy some.
    Josh recently posted…How Being Frugal Allowed Me to Switch CareersMy Profile

    1. MrDD

      GE is approaching a fair value entry point. I have just the one share on Robinhood, mainly to keep it in focus and watch it. I like to get stocks below the fair value, so GE needs to have some sort of short-term crisis that sends the stock plunging. 😀

  6. FIbythecommonguy

    Congratulations! That is a great start. I remember back when I received my first dividend, it was for just under $10. Keep it up and before you know it will be $100, $250, $500 a month. That is what is all about.
    I have been tracking, but haven’t posted on my specific dividend income, but having read yours and a few others, I think I might add it to my monthly reports. Thanks for sharing and look forward to future Extravaganzas!
    FIbythecommonguy recently posted…DIY Fence BuildMy Profile

    1. MrDD

      It seems to be a popular topic as the DGI investing strategy has gained a lot of followers. Plus, it would be nice to have a record of your thoughts and progress to look back upon.

  7. Mr. Robot

    Great to see that passive income and a nice amount at that! Keep it up, I’ll be following along.
    Mr. Robot recently posted…A different buy: Crypto Coin – RippleMy Profile

    1. MrDD

      Hey Mr. Robot, welcome to the site. The month is almost over, so the next dividend update should be coming out soon! 🙂

      Have you seen my article on the cryptocurrency Steem? Seems like something you might be interested in.

  8. DivHut

    Congrats on a solid start of your dividend (passive) income journey. You have an interesting mix of dividend payers for the month. Typically don’t see AL, CUBE, NSU and others in many of the online portfolios I follow. Thanks for sharing!
    DivHut recently posted…September 2017 Stock ConsiderationsMy Profile

    1. MrDD

      Thanks for stopping by Divhut! As I am not currently a dividend growth investor, my options are less limited for my portfolio. So while I might not have the same numbers or growth rates that DGI focused individuals have, I will have a more varied portfolio. At least it keeps it interesting! Check back in soon as I will have the report for August up sometime this week.

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