The nonPension portfolio's average monthly income is up by 68 cents to $84.64. That is 15.11% of what the $560 income will hopefully grow to by December 2035.
Four companies raised their dividends in July:
Ryder (R) raised its dividend for the second time in the last year. The raise contributes 7 cents to the overall monthly average income.
Penske (PAG) raised its dividend after raising it in the previous quarter, and the one before that, and the one before that. ... The raise contributes 4 cents to the overall monthly average income.
Wells Fargo (WFC) raised its dividend at a rate higher than it has in recent years. The raise contributes 14 cents to the overall monthly average income.
Union Pacific (UNP) raised its dividend for the third time in the past four quarters. The raise contributes 16 cents to the overall monthly average income.
In addition to the dividend increases in July, several stocks paid dividends that were reinvested to contributed tot he remaining 27 cent increase in the average monthly income. Those stocks include
BBY, CAH, EMN, GEO, GLW, HPQ, IRM, JCI, LAMR, LM, M, VIAB, WH, and WYND.
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.172 | $1.26 | $1.09 | 15.87% |
| ABBV | 9.832 | $3.15 | $2.10 | 50.00% |
| ADM | 13.013 | $1.45 | $1.39 | 4.69% |
| ADNT | 1.000 | $0.09 | $0.09 | |
| AFL | 11.063 | $0.96 | $0.79 | 20.93% |
| AMGN | 3.185 | $1.40 | $1.22 | 14.78% |
| AMP | 5.293 | $1.59 | $1.46 | 8.43% |
| BA | 4.285 | $2.44 | $2.03 | 20.42% |
| BBY | 16.969 | $2.55 | $1.92 | 32.35% |
| BG | 9.500 | $1.58 | $1.46 | 8.70% |
| CAH | 7.342 | $1.17 | $1.13 | 3.01% |
| CCL | 11.606 | $1.93 | $1.55 | 25.00% |
| EAT | 10.790 | $1.37 | $1.22 | 11.76% |
| EMN | 7.443 | $1.39 | $1.27 | 9.80% |
| GEO | 25.949 | $4.07 | $4.07 | 0.00% |
| GILD | 6.349 | $1.21 | $1.10 | 9.62% |
| GLW | 28.622 | $1.72 | $1.48 | 16.13% |
| HBI | 24.847 | $1.24 | $1.24 | 0.00% |
| HOG | 12.899 | $1.59 | $1.57 | 1.37% |
| HPQ | 39.192 | $1.82 | $1.73 | 4.97% |
| INTC | 14.744 | $1.47 | $1.34 | 10.09% |
| IP | 14.229 | $2.25 | $2.19 | 2.70% |
| IRM | 16.242 | $3.18 | $2.98 | 6.82% |
| JCI | 10.461 | $0.91 | $0.87 | 4.00% |
| JPM | 8.439 | $1.58 | $1.41 | 12.00% |
| KSS | 12.208 | $2.48 | $2.24 | 10.91% |
| LAMR | 7.364 | $2.23 | $2.04 | 9.64% |
| LM | 17.077 | $1.94 | $1.59 | 21.43% |
| M | 13.473 | $1.70 | $1.70 | 0.00% |
| MPC | 17.064 | $2.62 | $2.28 | 15.00% |
| OHI | 17.733 | $3.90 | $3.78 | 3.13% |
| PAG | 11.402 | $1.37 | $1.22 | 12.50% |
| PFE | 16.150 | $1.83 | $1.72 | 6.25% |
| PRU | 6.496 | $1.95 | $1.62 | 20.00% |
| PSX | 6.386 | $1.70 | $1.49 | 14.29% |
| QCOM | 9.800 | $2.03 | $1.86 | 8.77% |
| R | 10.649 | $1.92 | $1.63 | 17.39% |
| SBUX | 8.165 | $0.98 | $0.68 | 44.00% |
| T | 17.052 | $2.84 | $2.79 | 2.04% |
| TGT | 7.544 | $1.61 | $1.56 | 3.23% |
| UNP | 6.349 | $1.69 | $1.28 | 32.23% |
| VIAB | 12.713 | $0.85 | $0.85 | 0.00% |
| VZ | 10.976 | $2.16 | $2.11 | 2.16% |
| WFC | 10.581 | $1.52 | $1.38 | 10.26% |
| WH | 7.339 | $0.61 | $0.00 | |
| WHR | 3.155 | $1.21 | $1.16 | 4.55% |
| WRK | 8.007 | $1.15 | $1.07 | 7.50% |
| WYND | 7.375 | $1.01 | $1.43 | -29.31% |
| | | | |
| TOTAL | | $84.64 | $76.16 | |
| Overall annual increase in dividend payments | 11.13% |
| Overall dividend yield -- dividends reinvested | 3.41% |
| Approximate annual growth rate including reinvestment and increases | 14.92% |
| Annual growth rate needed | 11.52% |
| Ahead of goal rate by | 3.41% |
| At current growth rate, monthly payment starting December 2035 | $943 |
