The nonPension portfolio is expected to generate $73.60 per month going forward, an increase of $1.33 from a month ago. The net increase is a result of a few transactions as well as some changes in dividends.
Eaton Corp. (ETN) was sold on July 3. The sale resulted in a loss of income of $1.90 per month. The proceeds were large enough to pool together with some proceeds from previous sales and then purchase two additional stocks.
Lamar Advertising Company (LAMR) was purchased on July 10. The resulting income increase was $1.94 per month. LAMR was purchased because of its high current yield.
Starbucks, Incorporated (SBUX) was purchased on July 17. As a result, the nP portfolio had an increase in monthly income of 67 cents. SBUX was purchased because of its rapid dividend increase prospects.
Ryder Systems, Inc. (R) raised its dividend on July 14. The 5% increase resulted in an extra 7 cents per month of income. This increase was lower than I had hoped, and it places R in a position where it may be sold in the future, if its valuation becomes too high.
Penske Automotive Group, Inc. (PAG) raised its dividend on July 26. The 3% increase resulted in an extra 4 cents per month of income. This is the first increase since my purchase, and if the increases continue to occur quarterly, PAG could become a superb investment in the nP portfolio.
Omega Healthcare Investors, Inc. (OHI) raised its dividend on July 17. The 2% increase resulted in an extra 5 cents per month of income. OHI has continued its tradition of quarterly increases since my purchase, and its dividend payments have grown significantly in the time I have owned it.
Marathon Petroleum Corporation (MPC) raised its dividend on July 27. The 11% increase resulted in an extra 22 cents per month of income. This is my second significant increase since I have owned MPC.
The remaining 24 cents in additional monthly income comes from dividend increases from these stocks: BBY, CAH, GEO, GLW, IRM, LM, M, and UNP.
Six months ago, I determined that, assuming a constant growth rate, average monthly dividend payments in the nP portfolio would need to be $70.91 at this time. Due to changes in the portfolio as well as a large number of increases, this goal has been surpassed by almost $3. For the remainder of the year, there will be fewer increases than during the last six months, but adjustments will continue to be made to keep the portfolio on track to grow at the rate needed to meet the $560 goal in about 18 years.
Currently the growth rate, taking into consideration both dividend reinvestment and dividend increases, is still slightly below where it should be, as it is "behind goal rate by" 0.26%. This is a significant improvement since the beginning of this year. The nP portfolio is almost on track to move forward to the goal of $560 per month.
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.094 | $1.07 | $0.97 | 10.53% |
| ABBV | 9.531 | $2.03 | $1.81 | 12.28% |
| ADM | 12.628 | $1.35 | $1.26 | 6.67% |
| ADNT | 1.000 | $0.09 | $0.00 | |
| AMGN | 3.100 | $1.19 | $1.03 | 15.00% |
| AMP | 5.140 | $1.42 | $1.29 | 10.67% |
| BA | 4.198 | $1.99 | $1.53 | 30.28% |
| BBY | 16.579 | $1.88 | $1.55 | 21.43% |
| BG | 9.261 | $1.42 | $1.30 | 9.52% |
| CAH | 7.123 | $1.10 | $1.07 | 3.01% |
| CCL | 11.295 | $1.51 | $1.32 | 14.29% |
| EAT | 10.377 | $1.18 | $1.11 | 6.25% |
| EMN | 7.233 | $1.23 | $1.11 | 10.87% |
| GEO | 24.043 | $3.74 | $3.47 | 7.69% |
| GILD | 6.166 | $1.07 | $0.97 | 10.64% |
| GLW | 27.968 | $1.45 | $1.26 | 14.81% |
| HBI | 24.170 | $1.21 | $0.89 | 36.36% |
| HOG | 12.505 | $1.52 | $1.46 | 4.29% |
| HPQ | 37.907 | $1.68 | $1.57 | 7.02% |
| INTC | 14.377 | $1.31 | $1.25 | 4.81% |
| IP | 13.756 | $2.12 | $2.02 | 5.11% |
| IRM | 15.237 | $2.79 | $2.46 | 13.40% |
| JCI | 10.178 | $0.85 | $0.98 | -13.79% |
| JPM | 8.265 | $1.38 | $1.32 | 4.17% |
| KSS | 11.728 | $2.15 | $1.95 | 10.00% |
| LAMR | 7.000 | $1.94 | $1.75 | 10.67% |
| LM | 16.564 | $1.55 | $1.21 | 27.27% |
| M | 12.749 | $1.60 | $1.60 | 0.00% |
| MPC | 16.623 | $2.22 | $1.99 | 11.11% |
| OHI | 16.168 | $3.45 | $3.23 | 6.67% |
| PAG | 11.080 | $1.28 | $1.12 | 14.29% |
| PFE | 15.564 | $1.66 | $1.56 | 6.67% |
| PRU | 6.298 | $1.57 | $1.47 | 7.14% |
| PSX | 6.198 | $1.45 | $1.30 | 11.11% |
| QCOM | 9.417 | $1.79 | $1.66 | 7.55% |
| R | 10.380 | $1.59 | $1.52 | 4.55% |
| SBUX | 8.000 | $0.67 | $0.53 | 25.00% |
| T | 16.141 | $2.64 | $2.58 | 2.08% |
| TGT | 7.268 | $1.50 | $1.45 | 3.33% |
| UNP | 6.219 | $1.25 | $1.14 | 10.00% |
| VIAB | 12.373 | $0.82 | $1.65 | -50.00% |
| VZ | 10.472 | $2.02 | $1.97 | 2.21% |
| WFC | 10.287 | $1.30 | $1.30 | 0.00% |
| WHR | 3.070 | $1.13 | $1.02 | 10.00% |
| WRK | 15.621 | $2.08 | $1.95 | 6.67% |
| WYN | 7.186 | $1.39 | $1.20 | 16.00% |
| | | | |
| TOTAL | | $73.60 | $68.16 | |
| Overall annual increase in dividend payments | 7.97% |
| Overall dividend yield -- dividends reinvested | 3.22% |
| Approximate annual growth rate including reinvestment and increases | 11.44% |
| Annual growth rate needed | 11.70% |
| Behind goal rate by | -0.26% |
| | | | |
| End of June behind by | -0.36% |
| End of May behind by | -0.64% |
| End of April behind by | -0.65% |
| End of March behind by | -1.66% |
| End of February behind by | -1.71% |
| End of January behind by | -2.57% |
