Joseph’s Dividends: June

Water dripping from ledge

While it’s not as exciting for me to write about, I realize I really should be sharing my journey with dividend investing more frequently. Recently, I did write a brief review of my experience so far with M1 Finance, but that was broad overview. I need to continue to live up to my title as Dividend Brother and share more of what I’ve been up to.

This first one post will be a little longer as I want to do a quick month-by-month recap of my dividend heavy IRA from its inception in April of 2018 until now. I’ll be honest, I don’t expect this to be extremely fascinating to anyone unless you get really jazzed about dividend income. Which, if you found your way to our blog I guess there a decent odds that this does do it for you. Ok, you’ve been warned . . . now let’s get granular!

Where I Started My Dividend Journey

On April 12, 2018 I rolled over my IRA from Wells Fargo to M1 Finance. I was excited by zero commissions, fractional shares, and automated trading. In a word, this seemed to be the perfect platform for dividend oriented investing. I had a handful of stocks and ETF’s I’d already been investing in, and I had also recently learned of the Dividend Aristocrats. And so it began.

Dividends Spreadsheet

A Discrepancy

While tallying up my total dividends through the past two and a half years, I’ve found a discrepancy between all the dividends I’ve been paid when I total them, and the final total M1 gives me on my account dashboard.

The total above is what I counted out. The following is the total my dashboard gives me: $771.95

I checked my work, but I don’t know if I made an error in my calculations or if the report of my account activity isn’t showing everything. I’m sure there is a reason for this. I just haven’t found it. It doesn’t bother too me much.

Ok, I’ll be honest; it drives me crazy.

Analysis

Discrepancies aside, the reason I wanted to calculate and write out my dividend earnings month by month was to show the income growth. Obviously, I don’t have the longest track record yet, but it is pretty easy to see the steady growth of both monthly and quarterly earnings.

June Dividends

Here is the monthly breakdown of what stocks and ETF’s paid out in dividends for June. I was going to put this out within the first few days of July, but then my wife gave birth on July 4th to our son! Needless to say I’ve had more important things on my mind over the past couple of weeks.

Anyway, I hope this is interesting for those of you who love dividend investing. And I hope it’s inspiring for anyone thinking about getting into the dividend game. I can’t receommend M1 Finance enough if you want to get into automated dividend investing. If you sign up using my link below, we will both receive a $10 bonus.

https://m1.finance/ne44RdcAfXvZ

SymbolDividend
RGR0.57
KR1.09
INTC0.04
CVX2.35
XOM2.86
IBM2.37
TGT1.39
ADM0.14
SRET2.50
SDIV2.17
ALTY2.78
MSFT0.66
MMM1.79
WBA0.20
ED1.78
O0.83
GAIN1.97
AMCR0.28
WM0.63
VYM4.95
VYMI4.92
ORC3.24
GLAD2.32
GAIN1.73
VTI5.42
PEP1.66
Total Dividends50.64

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