4th of July festivities may have ended, but I’m still celebrating after tallying up the last of the dividends received during the month of June.
It was another successful month in the portfolio, as dividend income increased by 11.5% over 2016, and by nearly 2% over Q1. This increase was driven by add-on purchases of two companies I already owned, reinvestment of dividends, and organic dividend increases to dividend payouts.
Cracker Barrel Old Country Store, Inc. $CBRL served up my favorite menu item last week…another dividend increase! It added a cherry on top in the form of a special dividend, further adding to my portfolio income.
The last of my April dividends hit the account on Monday, allowing me to update the DGI For The DIY portfolio spreadsheet and see the progress made in the portfolio.
Here are the final income numbers for the month, along with a comparison to 2016’s totals:
The portfolio saw a 10% increase in dividend income over 2016 totals. This increase comes from a combination of organic dividend increases, reinvestment of dividends, and purchases made over the last year.
Ameriprise Financial Inc. $AMP is a company rarely mentioned among the top stocks in the financial sector. However, despite the lack of recognition it has been one of the better performers over the last decade, providing investors with 10.7% annualized total returns against 6.5% from the S&P.
I am all smiles after a handful of dividend increases were announced in the DGI For The DIY portfolio. Over the last two weeks, 5 more companies declared new dividend rates, providing me with another nice boost to my income.