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Sep 01 2017

Dividend Income Report for August 2017

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Wow! August is over and the end of summer is drawing nigh as the days are slowly becoming shorter and the weather just a little bit cooler! It’s been a somewhat busy month for us, with the patio extension project we’ve been working on (still not done), plus a short pleasant vacation in central Oregon.

Well, let’s do the numbers and see how August’s dividend income shaped up:

AWP $ 45.00
BGY $ 38.00*
CHW $ 21.00*
CIK $ 22.00*
CLM $ 46.52*
DHY $ 38.50
DMF $ 12.30
DSM $ 22.83
EAD $ 9.57
EDF $ 45.00*
EHI $ 27.00
EXG $114.00*
FGB $131.25
NCV $ 45.50
OIA $ 4.30
PFN $ 36.00
RA $ 69.85
VFL $ 15.00
WDR $138.00
ZTR $ 33.90
TOTAL $915.52

* Includes Return of Capital

I don’t believe it. I finally had a $900+ month! Yeah!! <fist pump> If all goes well, I may break $900 again next November (when FGB and WDR pay out in Q4). Breaking $1000 is my next major milestone, and it probably won’t happen this year but it seems highly likely in 2018. Wow!

However, there is a bit of bad news. Tix Corp. (OTCMKTS:TIXC) has suspended dividend payouts, so I can’t count on any quarterly dividend payouts for the foreseeable future. This will reduce my projected monthly dividend income by $5.50, which is a modest nick at worst. This isn’t much of a surprise, as the yield was insanely high and I suspected the dividend would be cut soon. But unlike my other dividend investments, I bought into TIXC for capital gains not its dividend. I will continue to hold TIXC and time will tell how this investment plays out.

In August, I didn’t make any stock buys, as I want to let the cash build up. Plus the market is doing so good right now that bargains are difficult to find, so I’m just going to wait until the market has a bad day and seize the opportunities that appear.

Needless to say, August was a damn good month. Not only did I have another record breaking month, I broke the $900 “barrier” for the first time. Awesomeness!

Image Credit: jarmoluk (pixabay.com)

 

12 comments

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  1. Dividend Diplomats

    Quest –

    Straight up killing it. Can’t wait for you to cross $1K in august/November. Let’s see what you can do, keep pushing hard, you are doing so dang well!

    -Lanny

    1. Dividend Quest

      Thanks DD! I doubt I’ll have a $1K month this year, but I’ll still keep my fingers crossed!

  2. leguf (Carlo)

    Wow! Over 900 $/month!
    Your cash flow pushes very well!

    ciao – leguf

    1. Dividend Quest

      Thanks for visiting Carlo! I’m a bit surprised it happened so soon. I figured breaking $900 would likely happen in Q4, not the middle of Q3. Cash flow is what this game called dividend investing is all about. I’ll take a steady stream of money flowing into my wallet over sporadic capital gains any day.

  3. Dan

    Good work DivQuest! I was just shy of $900 this month, but it was a record August for me. Feeling like the snowball is starting to pick up steam towards the second half of this year. Keep it up!

    Passive Income Dude

    1. Dividend Quest

      Thanks for visiting Dan! Yeah, I know the feeling. July’s dividend income was just short of breaking $900 by a mere $29. Soooo close! I’m glad August set a new record for you. That’s steady progress and you will probably break $900 this year. The snowball certainly is picking up speed, as each leap to the next $100 in monthly dividend income is becoming more frequent. And that is certainly a good thing. 🙂

  4. Investment Hunting

    Congrats on passing the mark. $1,000 is just around the corner.

    1. Dividend Quest

      Thanks for visiting Investment Hunting! I doubt I will crack $1,000 this year, but I’m quite optimistic about 2018.

  5. Carolyn

    Congrats on the great dividend income! Hope next your could say “9.000$ / month” 🙂

    1. Dividend Quest

      Thanks for visiting Carolyn! I doubt I will make that much this year, but I certainly hope to in the future.

  6. Matt @ FreedomSearcher

    Nice dividend income and what i mostly like is the diversification and many income sources. Keep up the good work what comes to dividends and blogging.

    If you interested my personal finance blog or my portfolio you can find it from my site http://www.freedomsearcher.com

    Regards,
    Matt

    1. Dividend Quest

      Thanks for the visit Matt, and the kind words. I will add your site to my site’s blogroll.

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