Dividend Income Update – August 2019

Dividend Income Update – August 2019

August 2019 Dividends – $300.55

Total Dividends for the Year – $2,455.73

This month I received dividend payments from the seven companies!

 

Date Company Ticker Dividends
8/1/2019 Verizon VZ $60.25
8/15/2019 Ally Financial ALLY $17.00
8/15/2019 Synchrony Financial SYF $22.00
8/15/2019 Colgate-Palmolive CL $43.00
8/15/2019 Realty Income O $45.30
8/15/2019 Apple AAPL $77.00
8/23/2019 Starbucks SBUX $38.00

In total, I’ve received $2,455.73 so far, according to this schedule:

My Current Progress

I received a whopping seven dividend payments this month, from a lot of major companies. It seems that August falls on many of these company’s dividend schedules.

My August 2019 results this year is significantly higher than last year’s August 2018 payments. This is the power of compounding returns and dividend reinvestments.

January, April, and June are still my largest payouts this year, since SPY was the core of my portfolio.

Conclusion

I’ve finally crossed the halfway point of meeting my 2019 goal of $4,500 in dividend payments. I’m currently on track to fall just short of meeting the goal this year but the dividends I’m receiving can be reinvested. This will lead to more compounding returns by next year. I believe I’ll be positioned to achieve the $4,500 annual dividend goal next year.

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