677% YOY Growth! | Dividend Income Update #13 – June 2018

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• 677% YOY growth was achieved compared to June 2017.

• $33.16 was received in June 2018.

• $154.98 in total dividends have been received in 2018 (Up 167% over 2017).

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There have now been 12 dividend income updates published and it’s finally time to report year over year growth!

$33.16 in dividend income was deposited into the RTC brokerage accounts over the course of the month. This represents a 19% increase over the previous quarter, and a remarkable 677% YOY increase compared to June 2017.

Overall, the portfolio has come a long way since the first dividend income update was published. Now, 1 year and 13 dividend income updates later, I can confidently say that blogging has help me stay motivated to invest more.

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Key numbers | Dividend Income Update # 13 – June 2018

Dividend income earned in June 2018: $33.16

Total dividend Income earned in 2018: $154.98 (Up $96.84 | 167% increase over 2017)

Total dividend income in June 2017: $4.27 

YOY growth compared to June 2017: 677%

Increase over last quarter (March 2018): 19%

How many businesses paid dividends in June 2018: 6

Comments on YOY Growth and Analysis of the June 2018 Dividend Income Results

Although most of the dividends were received by the middle of the month, the final payment was not received until June 29, 2018. There were 6 different companies that paid dividends in June, and four of those companies pay dividends monthly.

Further on the performance, the RTC Board of Directors is pleased to say the least. Even though $33.16 is not a massive cash flow stream, the 677% increase confirms that cash is being added and progress is being made. This is now the second month of the year that $30 in a single month was surpassed. With the exception of February/May/August/November, $35 plus will become the new standard now. In fact, $50 in one month will soon be surpassed.

Vision and Forward Looking Statements

In the long run, the portfolio is being designed to have many different payment dates per month.

To accomplish the payment frequency I’d like to reach, approximately 15 to 20 more positions will need to be added. It would be comforting to know that frequent dividend income is coming in once financial independence is reached.  

Though the monthly payments are still small now, there’s no doubt in my mind that they will continue to grow. I am committed to adding capital, and I have a clear vision for the future. There is no shortage of motivation. And to be honest, there’s no sacrifice either. When you enjoy something enough, it’s everything else that takes away from that interest.

In the months ahead, the RTC Portfolio Manager is predicting that more income records will be broken. During our most recent conversation I asked him if $40 months can be expected in the near future. He looked at me with a smirk on his face and began repetitively pointing upwards with his right index finger. His response, 

“I can’t confirm that but you might want to aim a litter higher, bud.”

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Concluding Thoughts

Obviously it will be more difficult to achieve the same rate of growth next year as the portfolio becomes larger. However, it is feasible to grow income by the same amount again.

If you do the math, $28.89 more was received this month compared to June 2017. If the portfolio grows by the same amount, we expect to receive $62.05 in June 2019. Moreover, an average of $62.05 per month means the business will earn approximately $744 in 2019. I mean, that would represent a nice rate of growth, but the board of director’s has been fairly vocal about their objective to reach 4 digits. 

To briefly elaborate on the plan for the next few months, the pursuit of $425 in forward dividend income remains a top priority. But once $425 is reached, the team intends to shift the focus briefly. In short, the higher yielding positions are becoming quite large in comparison to the core positions. As such, adding to the core positions will become the main priority. Acquiring the absolute highest amount of dividends will become the second priority, for a little while.

In conclusion, the RTC Portfolio Manager has some very exciting news to share later this month on the forward projections. Stay tuned!