June Dividend Report

Just like that half of the year is done! June was a terrific month for me with both my savings and dividends. Let’s jump right into my June savings rate, stock purchases, and dividends received.

Savings Rate

After a very expensive month in May, purchased a new suit as well as paid for a vacation, I was back on track in June. In fact, I was well above my 55% goal. This month I managed to save a whopping 61% of my salary!

There were two reasons for this, I lowered my food expenses as well as my entertainment expenses. Despite spending a fair amount of money in Miami this month during my vacation I came in $250 under budget despite doing everything I wanted.  With such a high savings rate, I was able to put almost $2,400 to work in the market.

June Purchases

June was a terrible month for most of the retail sector. Thanks to Amazon and their recent purchase of Whole Foods a large portion of the grocery stocks as well as REITs with these tenants had major drops in value. As I am trying to max out my ROTH IRA for the year as well as use some of my HSA funds, I took the opportunity to add a couple of REITs due to the tax advantages they have.

  1. I purchased 21 shares of DEA, a government REIT, in my HSA. The best part was I got in right before the ex-dividend date so I recently received my first dividend check of $5.25 from them! This purchase added $21 of dividend income annually.
  2. My second purchase was one that I was eyeing for a while. Once again, another REIT called KIM. I purchased 52 shares in my ROTH IRA. They have a wide array of tenants and will help diversify my REIT portfolio. This purchase added $56.16 in forward income.

With over $3,000 left for my ROTH IRA for the year, I will continue looking at REITs and Canadian stocks due to the tax synergies these companies get in tax-deferred accounts.

June Dividend Income

Before the month even began I knew that this was going to be huge for my portfolio. Since I began working I have regularly pumped money into the market. June was my first triple digit income month and I could not be more pumped! I am finally out of the double digits and am on my way to the four-digit club. However, that is a long way from now. Here were all the stocks I received dividends from this month:

June Dividend Report

Any ticker with an R next to it means retirement account. These range from 401(k), ROTH IRA, and my HSA. All stocks in my retirement accounts use a DRIP and select taxable stocks.

Compared to March 2017, I increased my dividend income by almost 20%! If we were going all the way back to June 2016, when I received $28.93 in dividends, this was a 255% increase. Not bad for one year’s work!

The dividends received this month would have paid for 8% of my necessary expenses. With the upcoming bank dividend increases – BAC is raising their dividend 60%!  – I expect September to be even larger. However, I am most interest in December where my 401k funds will pay dividends and capital distributions. Considering 50% of my investments are in my 401k I am expecting to be close to or over $200.

How was the month of June for you? Did you have any new purchases that you made?

20 comments… add one
  • Dividend Diplomats Jul 1, 2017, 8:21 am

    Stef –

    THERE WE GO!!!! Massive GAINS from Q1 and prior year – your 401k December should be a fun one to look forward to. Also, congrats on the Bank of America news – I know Bert owns a slice, so he is excited as well. Great all around. Save like a mad man and buy those damn assets, why the heck not? Keep going son!!!

    -Lanny

    • Stefan Sharpe Jul 1, 2017, 7:09 pm

      Thanks Lanny it is always a pleasure reading your comments. Looking forward to seeing what you and Bert accomplished this month!

  • Doug Jul 1, 2017, 10:12 am

    Awesome job. Lots of companies paying you this month. I loved that BAC announcement it will add to many people’s income including mine. Can’t wait till they make the official announce. Keep on buying and soon it will cover everything

    • Stefan Sharpe Jul 1, 2017, 7:09 pm

      The bank announcements should be a lot of fun! Only wish I owned more but such is the investing world. Thanks for stopping over man.

  • Chris Jul 1, 2017, 10:51 pm

    Three digits is pretty awesome. I made a little over half of that, but I’m looking to hopefully hit it when December comes around. I started with $0.64 in August 2015 and hit more than $57 last month. Onward and upward!

    • Stefan Sharpe Jul 3, 2017, 1:43 pm

      Thanks Chris. That is some great progress you have there keep it up!

  • Divnomics Jul 2, 2017, 2:32 am

    Awesome results! Such an increase is what many dream of 😉 you’ve indeed got a lot of companies paying you, seems like a well diversed portfolio.

    • Stefan Sharpe Jul 3, 2017, 1:43 pm

      Thanks man! I try to diversify a lot but there are some sectors I need to up and some I need to cut back on. Will update my portfolio page soon!

  • Mr. Robot Jul 3, 2017, 9:17 am

    Congrats of reaching the triple digits, onwards to the 4-digits! 🙂

    • Stefan Sharpe Jul 3, 2017, 1:45 pm

      Long way to go but hoping to be there in 5-6 years!

  • Dividends Down Under Jul 3, 2017, 9:24 pm

    Nice purchases and dividend income Stefan – you are going great 🙂

    Mr DDU

    • Stefan Sharpe Jul 5, 2017, 6:03 pm

      Thanks Trist it is starting to come together slowly but surely!

  • DivHut Jul 5, 2017, 1:28 pm

    First off, congrats on that amazing savings rate. I think anything over 50% is awesome so when you hit a higher rate that’s even more impressive. Your dividends continue to pile in as well. I know that feeling of being pumped seeing another milestone reached and hitting three digits for the first time must have felt great. Many great names paying you. Keep buying and building!

    • Stefan Sharpe Jul 5, 2017, 6:04 pm

      Thanks DH, that is the goal! I want to pump as much money in while I am young so I can spend a bit more later in life.

  • Investment Hunting Jul 5, 2017, 4:04 pm

    Awesome savings amount Stefan. The dividend income is nice to. Keep it up.

    • Stefan Sharpe Jul 5, 2017, 6:05 pm

      Thanks buddy I am definitely trying to get up there! I am hoping to hit that 250 by next year but that is super ambitious.

  • Dividend Portfolio Jul 6, 2017, 7:25 am

    Congrats on getting past double digits. That’s an awesome report. June for me was good. I’m making regular contributions to my portfolio and hope to increase its value month after month. June was as expensive for me kind of the way May was expensive for you. So, I definitely need to work on lowering my expenses for the second half of the year. Looking forward to more reports.

    • Stefan Sharpe Jul 6, 2017, 7:38 pm

      Yeah the expensive months take a toll, July will be another expensive one thanks to weddings. Best of luck!

  • Dividend Diplomats Jul 8, 2017, 8:28 am

    I don’t know which to congratulate you more on…the 60% savings rate while vacationing or the three digit dividend income total for the month. Regardless, you are KICKING ASS Stefan and it is awesome to see the results of your hard work. Keep it up and keep n pushing yourself, your savings rate, and your portfolio.

    Bert

  • Live Off Dividends Jul 22, 2017, 7:35 pm

    Stefan, great to see the progress you’ve made since last year. And congrats on your first >$100 month! This is the point where you start to feel like you NEED more! Keep grinding buddy.

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