Summer is here and the heat is a constant reminder of that. I’m not going to let a little summer heat slow down my snowball. Despite not reaching that $100 in one month milestone, I was still able to set a new personal high for myself. I was able to add to an existing position. I was able to reinvest a lot of dividends. I continued my streak of reading one book a month. The article for this book will be coming soon.
Until then let’s take a look at how my portfolio did during the month of June.
Another addition was made in my portfolio this month. After the news about the merger being approved, I decided to strengthen my position in AT&T. This was my third time buying shares of AT&T. With this purchase the company has become one of my largest positions. So unless the share price drops way below my cost basis, I have no intention of adding more at the present time.
AT&T (T) – 13 shares – $26.00 to PADI
This addition really helps me toward my goal of $1,000 in dividend income. I am still a long way from it but I am making all the right moves to help get me there.
I wasn’t able to achieve my $100 in one month milestone but I was still able to have a record month. Most all of my dividends are reinvested except for a couple of positions that I hold in an account that doesn’t allow for reinvestment. Even if the reinvestments aren’t able to get me to this milestone, I think that new capital will be able to get me there.
**NEW RECORD MONTH**
Archer Daniel Midland (ADM) – $4.11 – Reinvested
Bank of America (BAC) – $8.32 – Reinvested
Emerson Electric (EMR) – $5.12 – Reinvested
Flowers Foods (FLO) – $6.13 – Reinvested
Kroger (KR) – $2.25
Microsoft (MSFT) – $3.84 – Reinvested
Realty Income (O) – $5.76 – Reinvested
Pfizer (PF) – $7.41 – Reinvested
Southern Company (SO) – $13.80 – Reinvested
Stag Industrial (STAG) – $1.30
Target (TGT) – $11.85 – Reinvested
Wells Fargo (WFC) – $4.10 – Reinvested
WalMart (WMT) – $5.52 – Reinvested
Exxon Mobil (XOM) – $16.70 – Reinvested
June was the last month of Q3 and accounted for $96.21 of my 2018 Dividend Income.
In total during 2018, I have earned $311.90 in dividend income!
That is 31.9% of my 2018 goal.
So far my dividends received looks like this:
Dividends Received By Year
Year over year, I saw a 55.83% increase in dividends earned during the month of June. Like a lot of months, my additions have helped fuel the growth year over year. This trend will probably continue until I get my positions built up enough so that the reinvested dividends can start doing some of the work. I have been noticing that I seem to be trending a little over 50% YOY growth during most months. I would love to be able to keep this up! Let’s take a look at my YOY comparison.
My allocation to the Telecom sector has increased with the addition of more shares of AT&T. I don’t see no more investments in this sector any time in the near future. Things are pretty well diversified in my allocation. The fluctuations in the market has not changed my allocation too much. I will continue to reference this chart as I look for new investments in the future because I don’t want to get over allocated in just one sector.
I have finally made a solid move above the $20k portfolio value. As long as there is no major correction, I should stay above this $20k threshold. I am continuing to look for new places to invest capital rather that is in an existing position or in a new position. Without out doing it intentionally, I have built up some core positions in my portfolio. Can you guess which ones they are? If you guessed Bank of America, Realty Income, AT&T, Target and ExxonMobil, then you would be correct. Again this wasn’t planned. I have just been adding to my positions when I was getting a good price. I would be very interested in hearing what your core positions are!
Here are the articles that I posted on MoreDividends.com during June from oldest to newest.
Patience Will Pay Off In Dividends!
More Dividends Update from May 2018
The Neatest Little Guide To Stock Market Investing by Jason Kelly
Recent Buys From DGI Bloggers – Week of 6/4/2018
3.2% Dividend Increase from Target (TGT)
Recent Buys from DGI Bloggers – Week of 6/11/2018
Recent Buys from DGI Bloggers – Week of 6/18/2018
Recent Buy – AT&T (T) – For the 3rd time this year!
12% Dividend Increase from Kroger ( KR )
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Another month is in the books. I hope it was as exciting for all of you as it was for me. I am finding great joy in building my snowball month by month. Sometimes it does feel like I am moving at a snail’s pace but then I remind myself that it is about the journal and not just about the destination. I am learning new things all the time about investing. So it is always nice to be able to learn from someone else’s mistakes and apply them to my own investing journey.
I am really looking forward to see what the next couple of months have in store for the market and hopefully I will be able to find some great opportunities to buy more stock.
I have found a lot of joy in reading how everyone else did in June. Hopefully you have gotten that same type of joy from reading my update 🙂
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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