Welcome to the first ever edition of my 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

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 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.

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. (Check out my Robinhood review HERE - There is a link to get a FREE stock for signing up, which is free too.)

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!

August will be a big one for the dividend income. 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!

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This post originally appeared on my blog - Doubling Dollars.