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Sep 02 2016

Dividend Income Report for August 2016

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August is over, summer is pretty much over, and we’re sliding into autumn. I don’t just like summer because of the sunshine and better weather (here in the Pacific Northwest, summer is especially savored), but I also like it because my monthly utility expenses are at their lowest so I have some extra capital to either put into savings or buy more stocks.

So how were August’s payouts? Let’s do the numbers and find out:

AWP $ 17.50*
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 54.19*
DHT $ 27.60
DHY $ 40.25
DMF $ 12.30
DSM $ 22.83
EAD $ 10.88
EDF $ 38.70*
EHI $ 38.50
EXG $121.95*
FGB $105.00
HHY $ 30.00
HQL $ 82.00
HTR $ 38.00
NCV $ 45.50
OIA $ 4.10
PFN $ 36.00
VFL $ 18.00
TOTAL $824.30

* Includes Return of Capital.

Holy s**t!!! August’s $824.30 total is an all time high! Not just any ordinary all time high, but for the first time, total monthly dividend income broke $800! At the start of 2016, I felt there was a good chance of breaking $800 before the year’s end, but I didn’t take it as an absolute certainty. Fortunately, this summer has been very kind to my dividend investing efforts (despite the dividend cuts suffered in June). Not only have monthly dividend payouts hit new highs, but my dividend investing portfolio’s value has benefited from the current bull market and has also reached new highs ($89,129 at the time of this post).

I timed my July buy of DHT well, as its quarterly payout arrived at the end of August. However, DHT cut its dividend a bit, trimming its 25 cents per share dividend down to 23 cents. Considering how DHT operates in the oil market, the industry has had it rough the past couple years but DHT met analysts’ expectations and had a good Q2, so I can’t complain too much.

The big surprise this month was another unexpected dividend payout from HQL, this time paying 82 cents per share (Yeaaaahh!). This year’s two extra payouts more than make up for the dividend cuts that HQL has made over the past 12 months. I don’t know why Tekla makes these extra dividend payouts, but I’m not complaining about it! Other than this sweet surprise, this month’s dividend income was uneventful and almost completely predictable.

Thanks to the quarterly payouts of DHT and FGB, HQL’s little surprise, and my latest buy of AWP stock, the total dividend income for August blew well past July’s record breaking dividend payouts. Overall, August and so far this summer, has proven to be a kick-ass month and season. On to September!!

Image Credit: jarmoluk (pixabay.com)

 

6 comments

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  1. Doug

    Keep it up. Keep bringing in those dividends

    1. Dividend Quest

      Thanks for visiting Doug! I certainly will keep it up. It’s months like this that make dividend investing feel truly rewarding. And even when I do have a so-so or disappointing month, knowing that I’m on the right path gives me the confidence to keep pushing forward.

  2. Dividendpursuit

    Very nice chunk of change there. Keep it up

    1. Dividend Quest

      Thanks for visiting Dividend Pursuit! Yeah, this month’s total dividend payout of $824.30 is certainly a pleasant little wad of dough that seemed a mere fantasy back when I first started on my quest for dividend income.

  3. Investment Hunting

    Holy Sh*t is right. Nice work DQ. This is some serious dividend income, and in an off month. True impressive.

    1. Dividend Quest

      Thanks for visiting IH. If wasn’t for the HQL’s surprise $82 payout, August’s total would have been $742.30 which would make August my second highest month for 2016. So even without HQL’s payout, August would have been a strong month. But HQL’s payout made all the difference and pushed the total over the $800 mark. I don’t know when I will have another $800+ month again, but I suspect it will be some time until it happens again.

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