June 2019 Dividend Income

Another month has come and gone, which means that July will be my last full month of undergrad, and it may even possibly be my last full month of formalized education for the rest of my life, aside from a certification or two in the future. Adding to the excitement of the fact I only have about a month left of school, I also benefited from setting a new personal record in terms of dividend income collected during the month of June. Without further ado, we'll delve straight into my results for June 2019.

Overall analysis:

In total, I received a personal record of $63.11 in dividends between my Robinhood account, retirement account, and M1 Finance account for June 2019. This is an quarter over quarter increase of 9.7% compared to the $57.53 I collected in March 2019, and an even more impressive YOY increase of 63.3% compared to June 2018 dividend income of $38.64. I collected $34.21 from my Robinhood account for the month, $28.42 from my retirement account, and $0.48 from my M1 Finance account.

Quarter Over Quarter Growth Analysis:

Breaking it down, there were a variety of factors in play that contributed to the 9.7% or $5.58 growth over March, which included the following:

The $28.42 in dividends collected from my retirement account mutual fund (CAIBX) increased my dividend income by $4.88 compared to March 2019.

I benefited from a dividend increase from Pepsico (PEP), which increased my dividends by $0.05 compared to March.

Johnson & Johnson (JNJ) increased my dividend income by $0.10 compared to March.

International Business Machines (IBM) increased my dividend income by $0.15 compared to March.

Exxon Mobil (XOM) increased my dividend income by $0.30 compared to March.

Southern Company (SO) increased my dividend income by $0.10 compared to March.

Year Over Year Analysis:

Taking it one step further, there were a number of material developments that allowed my dividend income to grow 63.3% YOY or by $24.47, which include the following:

My dividend income collected from CAIBX increased $21.29 compared to June 2018.

PEP increased my dividend income by $0.05 compared to June 2018.

British Petroleum (BP) increased my dividend income by $0.06 compared to June 2018.

I also benefited from an additional share of Dominion Energy (D) and a dividend increase, which caused me to collect an extra $1.16 from them compared to June 2018.

I received a dividend increase from Realty Income (O), which helped me collect an extra $0.02 from them compared to June 2018.

Home Depot (HD) announced a massive 32% dividend increase since June 2018, which increased my dividend income by $0.33 compared to June 2018.

JNJ accounted for $0.10 of my additional dividend income compared to June 2018.

XOM added another $0.30 to my dividend income compared to June 2018.

IBM accounted for $0.15 of my additional dividend income compared to June 2018.

Amgen (AMGN) added another $0.13 in dividend income compared to June 2018.

SO accounted for $0.10 of my additional dividend income compared to June 2018.

Pfizer (PFE) added another $0.16 to my dividend income compared to June 2018.

JM Smucker (SJM) accounted for $0.14 of my additional dividend income compared to June 2018.

Finally, the creation of my M1 Finance portfolio last September added $0.48 compared to the goose egg I collected from it last June.

Summary:

It's incredible to think that a year has gone by so fast after my portfolio's first June last year. I'm very pleased with both the 9.7% quarterly growth and the 63.3% YOY growth, but next year is set to be infinitely more exciting as I'll be able to contribute more capital than I ever have before. While 63.3% YOY growth is incredible, I fully believe I'll be able to more than double my dividend income collected next June from dividend increases, reinvestment of dividends into my Robinhood and retirement accounts, and fresh capital contributions to my retirement account and Robinhood account. It has been an incredible 2 years of investing, and the best is yet to come! I couldn't be more excited!

Discussion: 

How was your June? Did you have a record month? Did you have any new dividend payers for June? As always, I very much appreciate everyone for reading this post and I look forward to reading and replying to your comments!