Another month has passed by, and it’s time for me to post the dividends that Skyy earned in the month of July. It’s hard to argue the success of long-term dividend growth investing when you can slowly and surely see dividend income rise over time and get closer to covering your family expenses.
I hope these monthly dividend income reports provide inspiration for any investors out there that are just starting out. It shows that it’s possible to one day pay for monthly expenses with dividends, which would provide an investor opportunities and freedom to pursue other interests than full-time work.
July 2016 Dividends Received
- General Electric (GE) – $9.46
- Montana Dakota Utilities (MDU) – $5.79
- Cisco (CSCO) – $2.71
- Chimera (CIM) – $77.27
- Philip Morris (PM) – $2.11
- Cornerstone Fund (CLM) – $6.81
- Realty Income (O) – $6.22
- Coca-Cola (KO) – $3.64
Total dividends received during the month of July: $114.01
So the month of July has passed and once again this year seems to be flying by. All of the gains lost in June, because of the UK leaving the EU have come back strong with additional gains. When I look back over the past two months I can honestly say I have positioned Skyy and I well to possibly start making $100 every month by the year 2017, but only time will tell. If one was to look back in history, the next 3 months may look like they are going to be a bumpy ride, especially with the election coming up fast. As we all know in the end its all about great companies with great cash flow that can withstand the strong tides!
Once again we are truly thankful that Skyy was able to earn $114 this month without lifting a finger and continuing to be a great daughter. She did nothing to earn this money except for make great decisions with past capital! Decisions like investing in high quality companies that reward her as a loyal shareholder with a piece of the profit.
Work Hard or Work Smart?
Full Disclosure: Skyy is long all stocks above