8 months have already passed in 2021. There are four more months remaining. Although I am excited about the rest of the year, I am also mindful that a lot has happened. Although I won’t go into everything, I will highlight one. During this upcoming labor day weekend, I will be trying to buy a condo at the beach. I plan on visiting several different condos with my realtor and I fully expect to put in offers next week. Wish me luck. It’s still tough to get a beach condo, but I am not deterred. But, that’s not why you’re here. So, in order to stay on topic, lets see how much Dividend income I earned in August 2021.
Dividend Income
In August, I earned $45.79 in dividends broken down as follows:
| NO. | STOCK | NAME | DIVIDENDS |
| 1 | AAPL | Apple | $1.48 |
| 2 | ABBV | Abbvie | $10.26 |
| 3 | GWW | W.W. Grainger | $3.56 |
| 4 | HRL | Hormel Foods | $3.68 |
| 5 | O | Realty Income | $3.18 |
| 6 | PG | Proctor & Gamble | $4.68 |
| 7 | SBUX | Starbucks | $2.89 |
| 8 | T | AT&T | $16.06 |
| $45.79 |
Almost $50. I’m hoping to cross the $50 mark next quarter. In any case, that’s almost $50 that I didn’t have before and that will be re-invested in my dividend portfolio. That way, I experience the power of compounding. With a small portfolio, the compounding effect is small, but over time, it grows exponentially. I can’t wait.
Annual Income
Here is a graphical representation of the dividends earned in August in relation to the dividends earned in previous years:
Here is the raw data:
| MONTH | 2017 | 2018 | 2019 | 2020 | 2021 | Rate |
| January | $0.00 | $14.93 | $37.54 | $2.22 | $18.18 | 718.92% |
| February | $0.00 | $77.66 | $141.16 | $7.49 | $22.94 | 206.28% |
| March | $0.00 | $72.93 | $136.45 | $78.68 | $63.35 | -19.48% |
| April | $0.41 | $31.47 | $55.39 | $0.33 | $24.85 | 7430.30% |
| May | $2.85 | $79.33 | $142.69 | $2.23 | $33.69 | 1410.76% |
| June | $16.89 | $98.51 | $160.47 | $10.29 | $66.08 | 542.18% |
| July | $5.99 | $42.32 | $59.68 | $6.67 | $31.22 | 368.07% |
| August | $21.95 | $108.44 | $147.73 | $9.72 | $45.79 | 371.09% |
| September | $28.72 | $111.15 | $151.66 | $30.19 | ||
| October | $23.21 | $48.09 | $3.00 | $11.46 | ||
| November | $62.11 | $124.92 | $7.18 | $15.84 | ||
| December | $76.51 | $140.24 | $116.51 | $47.57 |
371.09% is a healthy increase from 2019! It seems apparent that I’ve moved consistently into positive territory. I am rebuilding my portfolio quite nicely although admittedly quite slowly. Still, I am no where close to what my portfolio was in 2019. But every little bit counts, and I will continue to rebuild one dividend at a time. It’s only a matter of time before the dividends earned in August will exceed that of 2019!
Forward Annual Dividends
At the time of this writing, the forward annual dividends is $640.09. A month ago, my forward annual dividends was $617.48. This represents a 4% increase from the previous month. I’ll take it.
I anticipate a slower growth rate for the next couple of months, as I try to figure out how to deal with increased expenses. Although it’s cool buying a house to live in, it’s also more expensive. Not only do I have the mortgage, but I have utilities and yard maintenance. Additionally, I plan on buying a beach condo, and so I’ve paused the minimum contribution to my dividend portfolio. So, as the saying goes, the struggle is real.
Finally, the dividend tracker has been updated.
What Expenses Would Dividends Cover?
Here, I visualize what expenses my annual dividend income could pay for. This is one of my favorite parts of pursuing dividend growth investing.
$640.09 per year is $53.34 dividends per month, on average. At present, I earn enough in dividends to cover Acorns, Hulu Plus, Amazon Prime and Netflix. The next bill I am targeting is my student loans. That amount is $19.59 per month. The total amount needed until I can pay the next bill is $5.36 in dividends. I should be able to cover this bill by the end of the year.
The following is a list of expenses I am targeting:
Conclusion
Dividend growth investing is a long-term strategy. My plan is to stick with this strategy for the long-term, even if I have to liquidate my portfolio again to buy the beach condo!!! If I were successful in getting the beach condo, and it was profitable, I imagine that I would be able to re-build my portfolio at a faster rate than before. In any case, I will keep you posted. I am hoping that this is the month I get to tell you that I have finally bought a beach condo. Regardless, Dividend Portfolio is not going anywhere.
How was August for you? Did you break any records? Let me know your thoughts by commenting below.
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