Dividend Income Update July 2023

Richard Drury The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. July was exciting as ever as my year-over-year numbers continue to highlight the trifecta magic of dividend investing, which includes adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat, without a single raise, my passive income stream would continue to grow. With that being said, let’s take a look back at my July 2023 dividend income. Date Symbol Description Amount 07/03/2023 KO The Coca-Cola Co. $59.44 07/03/2023 UGI UGI Corp. $18.75 07/05/2023 KMB Kimberly-Clark Corp. $76.14 07/07/2023 CB Chubb Ltd. $7.74 07/10/2023 MO Altria Group Inc. $361.68 07/11/2023 PM Philip Morris International $197.59 07/13/2023 ITW Illinois Tool Works $76.52 07/13/2023 GSK GSK plc ADR $45.84 07/14/2023 MDLZ Mondelez International Class A $12.39 07/14/2023 LEG Leggett & Platt Inc. $24.98 07/14/2023 JCI Johnson Controls International $44.03 07/18/2023 CAH Cardinal Health Inc. $31.94 Total: $957.04 Click to enlarge I have to say I’m quite pleased with my July totals. Not too far from that coveted four-digit milestone too. After all, dividends don’t lie. It’s real cash being returned to investors. With patience and consistency these results and better can be achieved. Just remember, sometimes investing with blinders on can be beneficial as it blocks out the constant noise we are bombarded with on a daily basis and keeps you focused on the job at hand, which is to keep investing, not falling for market timing traps, diversifying, not getting shaken out of the market when it tumbles and just creating a solid, ever growing passive income stream. Are any of these dividend stocks in your portfolio too? How was your July dividend income? Please let me know below. Disclosure: Long all above Original Post Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.


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