TORONTO, August 5, 2019 – RTC (REVERSE THE CRUSH or www.reversethecrush.com) announced today its dividend income results for the month of July that ended on July 31, 2019.
July 2019 Highlights
- $14.70 was received in July 2019.
- RTC missed YoY earnings growth for the 1st time this year.
- –68.54%* lower year over year growth compared to July 2018.
- $296.39 has been earned YTD (January to July 2019).
- This is RTC’s 26th dividend income update on the way to financial independence.
Hey, Investors!
Let us get right to it.
We missed YoY earnings.
For the first time this year, dividend income did not exceed the income received during the same month in 2018.
Nevertheless, there was a legitimate and intentional reason, which will be reported on below.
On top of that, dividend income is still up by $94.77 compared to the same period as last year (January to July).
Even with this month’s miss, the RTC team is certain this will not be a common happening in the future. The only other month in question may be October. However, October 2019 will still generate a decent amount of cash.
As for July 2019, $14.70 was received, which represents the lowest month so far this year.
Key Numbers| YoY Earnings | Dividend Income Update # 26 | July 2019
Dividend income earned in July 2019: $14.70
Total 2019 Year to date dividend income is now: $296.39
Total dividend income in July 2018: $46.73
YoY earnings decrease compared to July 2018: 68.54% down (Down $32.03)
How many stocks paid dividends in June 2019: 4 (Down 2 since last year)
Besides that, the portfolio’s pace is picking up in 2019: $94.77 more has been earned compared to last year by the same point.
Explaining the Earnings Miss
The reason for the miss is that I left my job and sold my entire holding in the company.
In short, most of this month’s dividend would have been paid from that position.
I am still holding the stock and plan to buy more of it in a TFSA. But I made this decision because I needed to switch accounts anyways. Plus I wanted to reallocate the funds because the position was getting too large for the overall size of the portfolio.
$373.61 More To Reach The Target Of $670
The downside of selling the position is that not much progress was made on the goal to reach $670 in dividend income this year.
In addition, I may need to review this goal to see if it is still achievable. It will be hard to predict, though, considering that my income will fluctuate this fall.
On the other hand, I will be working full-time up until the end of September, and I’ll be earning a lot more during that time. More specifically, I will earn more in the first 5 weeks of my new job than I would over the course of 2 months at my previous role. I’m looking forward to that!
As such, I will be leaving the goal to earn $670 as is until the end of September/October. The jump in income combined with a potentially record setting month for dividend income in September should provide the details required to make an informed decision.
Missed YoY Earnings – Concluding Thoughts
In summary, the goal to earn $670 in annual dividend income this year may be in question, and we missed YoY earnings overall.
However, there is still no doubt this year’s dividend income will obliterate last year’s total of $390.19.
Even if I come up short on the goal to earn $670, I will still earn the most dividend income I’ve ever earned in one year, and I’ll have a new job that pays more and provides more time to blog.
Sounds like the perfect lifestyle to me… At least it’s closer to FI through blogging and investing. Sign me up!
Questions: How was your dividend income in July 2019? Have any portfolio changes impacted your dividend income this year?
I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links, 1 link to another trusted investment site, and links to RTC social media accounts.
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Email: graham@reversethecrush.com
Transition to Part Time Blogger | Goals for August 2019
