Dividend update: July 2016

By | July 31, 2016

Dividend update July 2016 - dividends down under blogAuthor: Mr and Mrs DDU.

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One day we want to be able to live purely off the income from our investments. The earlier this happens in our lives, the better.

How do we know if we’re getting any closer? By tracking it of course.

Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year. So this is the start of a brand new year of dividends (if you want to see how we did last financial year, check out our June 2016 dividend update).

 

Dividend Update

In July 2016 we were paid the following in cash and franking credits:

We re-invested that money to buy ourselves an extra 2 shares of Rural Farm Funds, re-investing will compound our returns over the years.

 

As this is a new tax year, we haven’t made a graph for just 1 month, we’ll have graphs from next month.

 

How was your July for dividends?

 

Thanks for reading this article about our investing journey Down Under.

Onwards and upwards!

53 thoughts on “Dividend update: July 2016

  1. Graham @ Reverse The Crush

    Thanks for sharing your dividend income progress!
    I always enjoy reading passive income updates from bloggers. I only received payments from 2 stocks this month (KO and BOX.UN), but was still up over 6% on a YOY basis. Looking forward to future reports 🙂

    1. Dividends Down Under Post author

      Hey Graham, thanks for the motivation – even though it’s a very small amount we have to start somewhere 🙂

      Thanks for sharing your income, 2 payments keeps things ticking over.

      Mr DDU

  2. Dividend Hustler

    Don’t stop guys. Keep at it and with some time, the trend will only go higher. I promise you.
    Thanks for sharing and keep these posts coming. Consistency and hardwork does pay off.
    Cheers bro.

    1. Dividends Down Under Post author

      Hey Tyler, love the motivation – thanks! We will definitely keep working at it to make our income bigger and bigger, we promise 🙂

      Mr DDU

  3. amber tree

    Adding 2 shares to a rolling snowball is great. Over time, this will be a big ball rolling in Australia (No idea if there are snowy mountains in Australia).
    Our July was a nice round 0 in dividends 😉

    1. Dividends Down Under Post author

      Hey ATL,

      Exactly! We have a tiny snowball now but it will just keep rolling and getting bigger.

      There are snowy mountains in Australia, certainly in winter – we have ski resorts.

      Shame about the $0 this month, I’m sure your annual total will be nice though.

      Mr DDU

  4. Tawcan

    I love that you managed add 2 shares through re-investing. That re-investment will come back and pay lots of dividends in the near future.

    Haven’t tallied our July dividends yet but probably in the $1k range again.

    1. Dividends Down Under Post author

      Hey Tawcan,

      Definitely! We love the power of compounding and re-investing. One day we will be getting as many dividends as you, it will just take a lot of time 🙂 Awesome job on the $1k, I’m pretty sure that passes the Thailand test for living.

      Mr DDU

  5. DivHut

    Thanks for sharing your July dividend results with us. Like you, I also reinvest my dividends to help move that compounding effect further along. Passive income is passive income no matter how much rolls in. Looking forward to following your progress in the coming months and years.

    1. Dividends Down Under Post author

      Thanks for coming by Divhut 🙂

      As a cash amount it really isn’t a groundbreaking dividend payment.. But 2 extra shares is nothing to sniff at! Those 2 extra shares will make our passive income that bit more next year (when we can re-invest yet again for more compounding).. Dividend investing should be an official “wonder of the world” – way too many people don’t realise how amazing it is.

      Mrs DDU

  6. Hok

    Hi, I came across ‘dividendsdownunder’ just a couple of days ago and I have to say that your investment methods and strategies resonated with me very much. I have only recently started investing and have found a passion in dividend investing but just didn’t know how to go about it so thank you very much for leading the way. Hok

    1. Dividends Down Under Post author

      Hi Hok, thank you for commenting! We love seeing new faces, and hearing about different financial journeys – we are all working towards financial goals together and can definitely gain a lot of confidence and support through the personal finance bloggers, especially in the comments section 🙂

      Hope to see you around the comments again soon.

      Mrs DDU

  7. Stefan - The Millennial Budget

    Nice job with the reinvestment! Compounding will take over and life will be on auto-pilot (or we like to think so 😉 ). I have yet to calculate the monthly income but it should be very low as it is first month of the quarter.

    1. Dividends Down Under Post author

      Hey Stefan, Thanks for your encouraging words. We are indeed letting that compounding grow.. little by little. That’s alright if your income was low this month – our $7.46 wasn’t exactly record breaking, but we will always welcome whatever the dividend overlords give out.

      Mrs DDU

  8. Dollar Engineer

    Nice, before you know it the numbers just keep getting larger and larger. Reinvesting will go a long way! I’m looking forward to future updates.

    1. Dividends Down Under Post author

      Thanks for commenting DE. The potential growth runway with reinvesting is very exciting. Hope you had a good July, both financially and in general 🙂

      Mrs DDU

    1. Dividends Down Under Post author

      This is exactly why I said (in a previous comment to Divhut) that dividend investing should be an official “wonder of the world”. This is also why tracking it every month is really exciting – it wouldn’t have truly sunk in that we’d earned almost $500 from our dividends last financial year if it wasn’t written down right in front of my face.

      Mrs DDU

  9. IH

    Every dollar counts. Keep pushing. I’m excited to see your monthly updates 2, 5, 10 years from now.

    1. Dividends Down Under Post author

      Hey IH, we are excited to see our updates 2, 5, 10 years from now too (we plan to stick around a long time as bloggers). If only we didn’t have to wait between now and then.. The waiting for the growth is probably the hardest part.

      Mrs DDU

  10. Dividend Diplomats

    Love the fact that you got two new shares. Isn’t it so much more fun to receive full shares like that versus fractional amounts? Keep it up and keep the ball moving forward. Soon those two shares will turn into three, and so on!

    Bert

    1. Dividends Down Under Post author

      Hey Bert, thanks for commenting 🙂

      I’m a bit of a stickler for every single cent.. So it really bugs me when we cancel a dividend reinvestment and they keep our “fractional amount”, we have lost a few dollars here and there from that. Though it was a nice surprise when one of the companies paid it back to us as a cash dividend, wish it was more common practice.

      Mrs DDU

    1. Dividends Down Under Post author

      Hey Team CF 🙂

      Slow and steady wins the race..it’s okay, we knew this month would be really small. September & October are our big months for this half year.

      Mr DDU

  11. Passive Income Dude

    Looking forward to seeing September and October! And the day you live off your income. Know it will be soon with your guys’ commitment!

    1. Dividends Down Under Post author

      Hey Dude,

      We’re looking forward to it too 🙂 Hopefully that day is on this side of 45 for us, we will try to make it happen as much as we can.

      Mr DDU

  12. DC @ Young Adult Money

    This is a really good strategy. I have been participating in the stock purchase program at my work and, while we aren’t known for a high dividend, we are a Fortune 10 / blue chip company so the dividends should continue to grow over time. I’m tempted to sell for some house upgrades we are looking to do but I may just find another way to make it work ; )

    1. Dividends Down Under Post author

      Hey DC, re-investing is definitely one of my favourite things about dividends. You can let it works its magic all by itself. Sometimes lower dividends are better, it gives them more money to re-invest in the business.

      What house upgrades are you doing? – Good luck with it however you fund it.

      Mr DDU

  13. Brian

    So I just learned about ‘franking’. Your blog is educational and interesting. Keep it up and you will be up to your eyes in franks some day. Cheers!

    -Brian

  14. Jon @ Be Net Worthy

    Well done and thanks for sharing. I keep thinking that I need to start up a dividend portfolio again. I had one a few years ago that I liquidated. I’ll be following your progress!

    1. Dividends Down Under Post author

      Hey Jon,

      Dividend investing is definitely my favourite form of investing, it’s so reliable for income. You should give at least half the praise to Mrs DDU too, or even more – this is our strategy together 🙂

      Mr DDU

    1. Dividends Down Under Post author

      Thanks for being encouraging Lanny! I think we are poking our dividends with a small stick, rather than killing at the moment, haha – but the snowball is starting for sure.

      Mr DDU

  15. J @ Hey It's Just Money!

    Yay for dividends! Like what the ad said ‘from small things, big things grow’ (I sang it in my head) — from small dividends, we grow our wealth.

    I received some Vanguard dividends early this month and I signed up for DRP, so I have 2 additional VGS shares from that. I’m hoping Argo distributes dividends but I’m not sure about that.

    Looking forward to seeing your dividends income progress this FY!

    1. Dividends Down Under Post author

      I know the ad, one of the super fund ones 🙂

      Congrats on the 2 new VGS dividends, compounding is truly awesome. I’m sure Argo will pay something, just not sure when exactly (extremely easy to look up 🙂 ).

      We hope there’s a nice increase compared to last year. We HAVE a bigger dividend payer in ANZ, and replaced it with faster growing lower dividends.

      Mr DDU

    1. Dividends Down Under Post author

      Thanks Mr SLM! Have no worries, Mrs DDU and I will keep investing until we are financially independent (and then keep investing after that)

      Mr DDU

  16. Anne

    So cool of you to share the information. I just published my blogs project traffic and revenue report. We have a large investment portfolio but I don’t really deal with that one (thanks, hubby!) so I never blog about that.

    1. Dividends Down Under Post author

      Hi Anne, thanks for checking out our blog & commenting!

      We love dividends and want to share our journey to financial independence. We think being open how we’re trying to achieve financial independence is the best policy. 🙂 I will check out your report.

      Mr DDU

    1. Dividends Down Under Post author

      Thanks Aaron! Completely agree with you, re-investing is awesome and we’ll be taking full advantage of it – as much as we can.

      Mr DDU

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  18. timeinthemarketblog

    Any month that generates more than 0 is a good month in my mind. You get to reinvest and make more in the future! My month was the lowest I’ve had so far this year but it was higher than 0 so it’s all good!

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  20. ilario

    Love how you are starting so young! reinvesting returns and compounding was said by albert Einstein as the 8th wonder of the word! I also am blogging something similar at http://shareinvestingjourney.com and can’t wait to see how well you go!! Good luck!!

    1. Dividends Down Under Post author

      Hey Ilario,

      Thanks for coming to our blog and commenting. It’s awesome that you’ve launched your own site! Starting young is going to give us the best chance for the future.

      Mr DDU

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  22. Finance Journey

    It is a fresh start and we love to see your progress. You’ve reminded my early stage of my investments.
    Hopefully you will be receiving a sizable dividend income in few years. Keep up your good work.

    1. Dividends Down Under Post author

      That’s for coming to the blog and commenting 🙂 We are just starting out but with all the investing and DRIP’ing, hopefully we can create a great income stream.

      Thanks for the encouraging words FJ.

      Mr DDU

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