Dividend Income – August 2018

At the start of every month, I post a report showing the dividends received in my accounts for the previous month. This is always very exciting to see the progress made, and really reveals the true power of compounding using the dividend growth investing strategy! This post shows the grand total, but you can check my dividend income page to see the dividend paid per positions.

Dividend income received in August 2018

  • Taxable account: $617.89 – August 2017 was $455.69

I love seeing the nice progress here compared to 2017 August income!

So far in 2018, I have collected a total dividend income of $5,321 in my taxable account and my estimated projected annual income is now ABOVE the 9K mark at $9,030 !

Looking forward to my September income, I love getting almost everyday notification of dividend stock payouts 🙂

Hope you all had a great month of August!

My dividend page is now updated with above new holdings.

I use Personal Capital to track my overall portfolio situation, transactions and dividends.

Portfolio cleanup: sold NEA, LB and some EMR

Last month, in addition of adding on some positions, I also did a tiny bit of cleanup. My goal was to have a really good look at the least safe or non satisfactory positions in my portfolio. I want to keep only relatively dividend safe stocks – it was a first step in that direction.

These are the 2 positions I removed from my holdings:

LB (L Brands Inc) – The stock price has just been continuing to fall quite a bit. I decided to sell because I do not believe the value is there anymore long term. I do believe there is a great risk of the dividend being impacted (cut?) at some point. I consider my initial purchase of LB was a mistake, I chased the yield and followed others buying it… It’s now sold, I took the loss but feel much better not having to check everyday what’s happening with LB. It took me a while to take the decision to sell though – I need to get better at cutting my loss sooner.

NEA (Nuveen AMT-Free Municipal Income Fund) – I had purchased this muni bond to diversify and to enjoy some tax free income. But I realized that I have a hard time really understanding how they work, and don’t like the almost no growth part (~ negative even) of the proposition. I want to try to focus better on my strategy for this portfolio which is dividend growth investing (DGI).

Trimmed a bit on one position:

EMR: Decided to sell a few shares of this position since it was getting bigger than I had planned for. I took a nice profit on the shares sold. EMR is not a high growth stock in my portfolio and it felt like it was an ok move to do.

Now looking for the next buys – extremely hard with all the high valuations.

Here are the transaction details:

 08/28/18   Sold   31 of LB @ $27.1342
 08/21/18   Sold   170 of NEA @ $12.9323
 08/21/18   Sold   10 of EMR @ $76.5139

My dividend portfolio is updated with above new holdings.