Monday, September 5, 2016
August 2016 Recap
While July was rough ($0 dividends), August was much better as I received $185.54. As always, I reinvested all the dividends back into the companies paying them.
At first glance, HCP was the monster payer this month and was responsible for over half of my total income. The good news is the dividends are beginning to smooth out as I received payments from four companies in August as opposed to only HCP in May. Ideally I would like to have at least 10 different companies paying in the "off" months with no one company contributing to more than 10% of the total. Time and patience will take take of this.
As you can see I also added $6865.01 in fresh new capital which increased my forward dividends by $303.74. I know that I am probably only about 20% of the level I was at this point last year. That's ok! I still have a ton of dry powder to work with and will continue to ramp up the portfolio. In fact I am much further along than I anticipated I would be. I was originally hoping to reach $3000 in forward dividends and now may surpass $4000 by year end. Of course then comes 5,7.5, 10, 15 etc.
The hamster wheel continues to spin. :-)
Forward dividends are $3600.