August, the last month of summer, is almost over, autumn is slowly approaching. Anyway, it's time again to report my dividend income for the last month. In July 2024, my dividend income was as follows:
My Total dividends in July are €2,256.28 ($2,431.32). After taxes, my net dividend income is €1,673.04 ($1,762.61). In year 2023, my net dividend income in July was €1,301.79 ($1,437.30). My portfolio's net dividend income increased by €371.25 or 28.5% to compared the same month of previous year. Compared to the previous year, there have been several changes to the dividend income of July. The main reason for such a large increase in dividend income was the extra dividend paid as a result of the merger between WestRock and Smurif Kappa. In 2023, KESKO paid its quarterly dividend in July, this year in July. One new dividend payer have joined to the portfolio, namely JGPI.DE and additional purchase such O and TRP.TO Compared to a year ago, the holdings also included some reasonable dividend increases like PEP, KO and ITW, but unfortunately also dividend cuts from MPW, WPC and SDIV.
This net passive income of €1,673.04 means that I received €53.97 every day or €2.25 every hour during July, regardless of what I did. Until the end of July, the corresponding amounts are comfortable €65.29 per day and €2.72 per hour.
This month's dividend increased my cumulative net dividend income € 170,275.52.
Net income / expenditure
- Net passive income for July was €1,673.04, and by the end of July it totalled €13,907.65.
- Total expenditure for July was €1,041.79, and by the end of July it totalled €7,777.02.
- The result for July was €631.25, and by the end of July it totalled €6,130.63.
I have now collected 59.2% of my target net passive income for this year, which is €23,500.00.
You can follow the development of my dividends here.
Full Disclosure: Long on above mentioned stocks.
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