• 326% YOY growth was achieved compared to August 2017.

• $19.58 was received in August 2018.

• $221.29 in total dividend income has been received in 2018 (Up 281% over 2017).

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The month of August has passed and it’s time to report on the performance of the dividend income business.

For those that are new to the blog, I publish my dividend income every month to document my progress towards financial independence.

Now, going into the final quarter of the year, even the lowest paying month in 2018 earns more than the highest month of 2017. The dividend business is posting triple digit YOY growth on a monthly basis, and overall revenue is up 281% over 2017.

The RTC Board of Directors (BoD) is finally starting to believe they hired the right portfolio manager for the job. They seem to be finally coming around to me.

Although it will be challenging to reach the forward dividend target of $650 they set, I will make sure that forward dividend income exceeds $500 annually at the very least. Otherwise, it will be hard to stay on track with the long term plan.

Here is a review of how much dividend income was received in August 2018:

[bctt tweet=”Dividend Income Blog Update # 15 | August 2018 Income Report” username=”reversethecrush”]

Key numbers | Dividend Income Blog Update # 15 – August 2018

Dividend income earned in August 2018: $19.58

Total dividend Income earned in 2018: $221.29 (Up $163.15 | 281% increase over 2017)

Total dividend income in August 2017: $4.59

YOY growth compared to August 2017: 326%

Increase over last quarter (May 2018): 29%

How many businesses paid dividends in August 2018: 7

Comments from the RTC Portfolio Manager on the August 2018 Quarter

Quarterly ncome has doubled since the February quarter, and it increased by 29% since the May Quarter. Even though it is the portfolio’s lowest quarter for income, income is still increasing at a steady pace.

Although, I do believe I could earn a lot more if the BoD would improve at managing cash flow…

To put it bluntly, I haven’t been receiving as much cash flow to invest as I did at the beginning of the year. So I put in a request for more money recently, however, the BoD replied to let me know that my request would have to wait. They claimed to be investing in other initiatives that are “brand related.” Unfortunately they would not divulge anymore than that. They did tell me to expect more money in September, though.

In the end, I must be patient and be cognizant that they are focussed on a long term plan too.

Concluding Thoughts

The RTC Dividend Portfolio earned $19.58 in August and now $221.29 for the year in total.

It’s quite a remarkable accomplishment compared to the $58.14 that was earned in 2017. However, if you consider that the chief aim is financial independence through investing, I still have a lot of work to do—$221.29 per year isn’t going to cover the bills just yet. Nonetheless, that doesn’t mean you can’t stop to appreciate small steps during the process.

Based on the forward dividend projections, I expect that another $148 will be earned by the end of the year, at the very least. This works out to approximately $370 from dividends in 2018. Though it is shy of the $425 that I originally wanted to reach, it is satisfying to know that $438 is the very least I will earn from dividends in 2019.

To sum up this RTC dividend income blog for August 2018, it was another solid month of earning passive income. Another $20 is in my pocket, and it was the 3rd month in a row of posting triple-digit YOY growth. The RTC Team is satisfied with the performance of the dividend portfolio and the direction of the blog in general.

Thanks for reading. Feel free to share your thoughts on the report or your dividend income in August below.