Dividend Income July 2022 — Chronicling monthly dividend income to document the journey to financial independence. I am not a licensed investment advisor and this post is not investment advice. All opinions are my own.
Another month has passed, so it’s time to report how much dividend income was earned in July 2022.
Fortunately, another month of massive year-over-year dividend income growth was achieved. I also began another streak of earning at least $100 of dividends per month. I’ve earned triple digit dividend income for two months in a row now. Hopefully I can keep the streak going beyond three months.
Otherwise, I am happy with this month’s results. My dividend income business is growing and the pace of growth is accelerating.
In this post, I will share how much dividend income I earned in July 2022 and detail which stocks paid dividends.
Since there’s a lot to cover, I will jump right into the numbers.
Dividend Income July 2022 Highlights
- Total dividend income in July 2022 was $117.05
- Year-over-year (YOY) dividend income grew by 119% or $63.57 compared to July 2021
- Year-to-date (YTD) dividend income is $742.62 (January to July 2022)
- YTD dividend income is up by 84% or $338.41 compared to the first 7 months of 2021
- Quarter-over-quarter (QOQ) dividend income is up by 14% or $14.31 compared to April 2022
- All-time dividend income since June 2017 is $3,190.72
- Monthly average dividend income in 2022 is $106.09
Dividend Income July 2022 Earnings — $117.05
My investment portfolio generated $117.05 worth of dividends in July 2022.
This represents an impressive 119% year-over-year increase compared to how much dividend income was generated in July 2021. My dividend income literally more than doubled.
It also happens to be the second highest month of year-over-year growth reported this year. The highest month for growth so far this year happens to be April, as 143% YOY growth was reported.
Moreover, the pace of growth is accelerating even though my portfolio is larger. Only 68% YOY growth was reported last year, compared to 119% in July 2022. Furthermore, even compared to last quarter, I earned $60.48 more dividends in April 2022 compared to April 2021. In July 2022, I earned $63.57 more in dividends compared to July 2021. These are just a few of the signs of acceleration.
Otherwise, year-to-date dividend income in 2022 is $742.62. This represents an 84% or $338.41 increase compared to the first seven months of 2021. By the end of July 2021, my portfolio had generated $404.21. In short, I am absolutely crushing last year’s results. In fact, I will surpass last year’s total dividend income in August 2022.
Compared to the previous quarter, dividend income is 14% or $14.31 higher. This is yet another positive sign that the pace of growth is picking up.
Stocks/REITS That Paid Dividends Or Distributions In July 2022
- Algonquin Power & Utilities Corp (AQN)
- Telus (Ticker: T.TO)
- Altria Group (Ticker: MO)
- CIBC (Ticker: CM)
- Bank Of Nova Scotia (Ticker: BNS)
- Riocan REIT (Ticker: REI.UN)
- Cicso (Ticker: CSCO)
- SmartCentres REIT (Ticker: SRU.UN)
- Park Lawn (Ticker: PLC)
- 10.NorthWest Healthcare Property REIT (Ticker: NWH.UN)
- 11.Choice Properties Investment Trust (Ticker: CHP.UN)
- 12.Restaurant Brands International Inc (Ticker: QSR)
- 13.Rogers (Ticker: RCI.B.TO)
- 14.Savaria Corporation (Ticker: SIS)
- 15. Nike, Inc. (Ticker: NKE)
A surprisingly high fifteen stocks or REITs paid dividends or distributions in July 2021. This is up one company since last quarter, Nike, Inc.. I decided to initiate a small position during one of the market pullbacks since last quarter.
Compared to July 2021, three more stocks paid dividends.
Overall, my big four dividend payers of the month were AQN, T.TO, MO, and CM. AQN accounted for 23%, T.TO accounted for 21%, MO accounted for 18%, and CM contributed 15% of July’s total dividend income. The other eleven positions contributed 6% each or less of this month’s total dividend income.
Cost To Manage The Portfolio In 2022 — $37.75
I started publicly tracking my investment fees at the beginning of 2022 to show how low cost it can be to self-manage your stock portfolio.
Originally, my goal was to incur zero costs to manage my portfolio through utilizing a zero-commission brokerage and by paying for trades with credit card points.
Unfortunately, I failed that goal when I made a few trades earlier this year. In total, I’ve spent $37.75 on trades so far this year. But that’s all I’ve spent — on a portfolio that generated $742.62 in dividends in the same time frame.
Relative to the size of my portfolio, my investment expenses are extremely low. I intend to keep it that way.
Outlook — $557.38 To Go To Reach My $1,300 Target
Near the beginning of 2022, I set a goal to earn at least $1,200 annually in dividend income by the end of the year.
Last month, I announced that I was beginning to aim my sights on a higher target because it appears that $1,200 will be easily achieved. I ultimately decided on $1,300 by the end of the year, which is 59% more than the $816.21 earned in 2021.
Based on the new $1,300 target, I must earn at least $557.38 more in dividends from August to December 2022. Divided monthly, this works out to $111.48 per month.
Over the first seven months of 2022, my average dividend income per month has been $106.09, so this could be a challenge. But based on my dividend income projections, my new $1,300 goal looks well within reach.
Dividend Income July 2022 — Final Thoughts
In summary, my investment portfolio generated $117.05 worth of dividend income in July 2022.
This represents a 119% increase compared to how much was earned in July 2021.
With five months remaining in 2022, year-to-date dividend income is up $742.62, which is 84% higher than the same point last year.
Based on the performance over the first half of the year, my dividend income portfolio is a rapidly growing business. The pace of growth is even beginning to accelerate.
As such, I am reaffirming my new goal to earn at least $1,300 in dividends in 2022. For the record, this is almost 60% higher than the $816.21 that was earned in 2021.
Other Dividend Income Posts To Check Out
All Dividend Income Updates Since June 2017
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric. This post may also contain internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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