Despite the fact that my dividend portfolio was just established in May, there were a limited number of dividends received from stocks that I’ve held for a number of years prior to establishing my new dividend focused strategy.
With that new strategy, these monthly dividend income reports will serve as a great way to review the overall growth of my portfolio as well as the year-over-year growth in dividend payments.
May 2018 Dividend Income Summary
The Divvy Dad Portfolio (DDP) received $221.46 in dividends in May. Looking back to the 2017 records shows that this was a nice 31.49% increase from the prior year–not too shabby!
The May dividend income is as follows:
|Ticker||May 2018||May 2017|
May 2018 Purchases and Forward Dividends
Having just established my dividend growth portfolio in May, there were quite a few purchases made as I invested a lump sum to build a solid foundation. For reference, here are all of the positions that were opened in May:
The best part about building a new portfolio is the crazy year-over-year growth that can be achieved while the overall capital levels are still quite modest. Over time that will minimize, but in the meantime it will certainly be enjoyed.
Looking at forward dividends for May 2019, based on my current portfolio as it stands now I am looking at $375.34 next year. Through continued capital investments and reinvested dividends, that number should likely be even a little higher. Assuming I hit that target, it would be approximately 70% YoY growth!
One of the best parts about dividend investing is seeing the tangible results of how every dollar is working for you, earning more dollars that will also do work for you. And that is how the dividend snowball can really pick up steam.
While it is a natural tendency to want to rush the process when you’re just starting out, it is important to appreciate that it takes time and to remain focused on implementing the strategy. Realizing that I was able to achieve a 31% YoY growth in May without adding any additional capital to those three dividend paying stocks is a great feeling. Looking forward to next year and the expected 70% YoY growth is even more exciting!
June will be a slow month as many of the new positions that pay out in June were not purchased before the ex-dividend date, however there have already been a couple of payments received.
Slow and steady wins the race.