Introduction: July 2024 marked a significant milestone in our dividend portfolio, with total dividends received amounting to $749.59. This represents a substantial year-over-year growth of +27.53%, driven by strong performances from key holdings and the introduction of new contributors.
Key Growth Drivers: One of the standout performers was FXAIX (Fidelity 500 Index Fund), which delivered an impressive $138.38, reflecting robust market conditions. Similarly, MO (Altria Group) continued its strong performance, contributing $84.18. The addition of DOX (Amdocs) was a game-changer, adding $91.25 in its first-ever dividend payout.
Steady Performers: Companies like Coca-Cola (KO) and Realty Income (O) maintained their consistent growth patterns, contributing to the overall increase in dividends. Both companies are known for their reliable dividend policies, which continue to benefit the portfolio.
Challenges and Declines: However, not all was rosy. Ladder Capital (LADR), which had been a consistent contributor in previous years, saw its dividends drop to zero, signaling possible financial challenges. Bank of Nova Scotia (BNS) also showed minimal growth, indicating a more cautious approach in the current economic climate.
| SYMBOL | 2021 July | 2020 July | 2022 | 2023 | 2024 | Difference |
| KO | 9.89 | 9.17 | 10.67 | 11.94 | 13 | 1.06 |
| MO | 48.88 | 36.3 | 56.7 | 72.21 | 84.18 | 11.97 |
| VTR | 15.15 | 15.15 | 15.64 | 16.29 | 16.94 | 0.65 |
| O | 6.31 | 6.22 | 7 | 8.03 | 10.35 | 2.32 |
| LADR | 4.67 | 4.07 | 5.49 | 6.67 | 0 | -6.67 |
| CSCO | 32.82 | 30.91 | 35.72 | 38.9 | 42 | 3.1 |
| BNS | 41.9 | 37.69 | 48.8 | 48.06 | 48.88 | 0.82 |
| NLY | 12 | 12 | 13.42 | 10.96 | 12.59 | 1.63 |
| CINF | 35.65 | 33 | 39.87 | 44.47 | 49.42 | 4.95 |
| STWD | 56.64 | 56.64 | 61.09 | 67.4 | 74.12 | 6.72 |
| AGNC | 6.26 | 6.17 | 7.31 | 8.42 | 9.8 | 1.38 |
| MO | 8.71 | 7.81 | 9.79 | 11.11 | 12.66 | 1.55 |
| IRM | 6.17 | 5.74 | 6.5 | 6.84 | 7.47 | 0.63 |
| FXAIX | 90.52 | 89.45 | 106.71 | 113.29 | 138.38 | 25.09 |
| DG | 4.22 | 3.6 | 11.07 | 13.46 | 20.68 | 7.22 |
| STWD | 26.45 | 25.32 | 28.52 | 31.44 | 34.59 | 3.15 |
| ITW | 7.32 | 6.76 | 15.71 | 17.3 | 18.9 | 1.6 |
| Fundrise | 31.22 | 16.92 | 40.2 | 49.32 | 50.55 | 1.23 |
| TROW | 155.91 | 0 | 0 | 0 | 0 | |
| DOX | 0 | 0 | 0 | 0 | 91.25 | 91.25 |
| JPM | 9.96 | 9.9 | 11.36 | 11.72 | 13.83 | 2.11 |
| 610.65 | 416.32 | 531.57 | 587.83 | 749.59 | 161.76 |
Summary of the Data:
- Total for 2021 July: 610.65
- Total for 2020 July: 416.32
- Total for 2022: 531.57
- Total for 2023: 587.83
- Total for 2024: 749.59
- Total Difference: 161.76
2024 Dividend Goal Progress Summary
As of July 2024, your total dividends received amount to $9,663.29. Here’s how each month has contributed to this impressive figure:
- January: $572.46
- February: $765.00
- March: $3,116.15 (a standout month)
- April: $699.64
- May: $790.46
- June: $2,970.00
- July: $749.59
Key Observations:
- March and June are the top-performing months so far, with March alone contributing over $3,000 in dividends.
- June also saw a significant contribution of nearly $3,000, reflecting strong mid-year performance.
- July marked a smaller increase, but it was still a solid month, adding $749.59 to the total.
Progress Towards 2024 Goal:
Your 2024 goal is 49.56% of your target, with the current total reaching $9,663.29. You’re making steady progress, and with five months left in the year, you’re well on your way to achieving, if not exceeding, your goal.
