The first month of summer is behind us! It was a great month in general – we had a week-long vacation, I was consistently training for triathlon, the weather was good most of the time. I wish I could say the same for my dividend income. After a stellar May, June was quite slow, as usual with the third month of the quarter with my stocks portfolio. Nevertheless, I still received some dividends, so let’s see what companies paid during the last month!
Only two companies of my portfolio paid dividends in June:
After great month of May, we are back in the zone of under $10 in a month from dividend income. However, this should be the last time when I receive so little during the third month of the quarter, as I recently purchased some shares of PFE which will improve my portfolio performance starting from September!
Year on Year Comparison
As always, I like to compare my dividend income with previous year:
I am actually happy with increase of more than 5%. I received more than last year simply because both of the companies increased their dividend throughout the year, so I didn’t need to lift a finger or invest any additional capital! 5.54% is also bigger than annual inflation in Lithuania which reached 3.72% in 2017 and is predicted to reach 2.22% in 2018. If I intend to live off dividends one day, I will need the dividend increases to keep up with inflation.
I can’t wait to see how the year on year comparison will look like in September when my purchase of Pfizer kicks in with their dividend!
This is how my dividend income progress looks like since the beginning of 2016 when I started recording it:
Purchases and Portfolio Contributions
This month I didn’t make any purchases but managed to put aside €400 to my investment account.
I also added €30 to my P2P portfolio.
I received one dividend increase during June!
Realty Income (O) increased their monthly dividend from $0.2195 to $0.22 per share which represents a very tiny increase of 0.2%. Since I own 16 shares of O, it will increase my net annual income from Realty Income by ~$0.07 ($0.0005*16*12-30%). It’s a very tiny increase but it’s already the third time this year when Realty Income raises their dividend so I won’t complain!
Income from P2P Lending
During June, I received €6.50 in interest from P2P lending. It is again slightly more than the amount received in previous month (€6.27), even though I didn’t add any additional funds into the platform in the last couple of months. I like the fact that the income is constantly growing, albeit rather slowly. I still consider it as a riskier investment, so I will keep my P2P account up to ~10% of my overall portfolio. Currently, my loans portfolio consists of 43 active loans with total value of €555.21.
In total (after converting to EUR) I received €12.09 from passive income during June. This puts my total for 2018 to €140.88. I am still ahead of schedule to reach my goal to receive €240 throughout 2018 due to unusually big payout in May. I think I will be able to pull this through if my P2P income stays consistent and I manage to add at least one more dividend payer to my portfolio. This didn’t look likely at the beginning of the year but now I have some hope! 🙂
How was your month? Are you happy with your results after first half of the year? Feel free to leave a comment below and thanks for reading!