July 2017 Income
July 2017 brought in $311.14 in dividend income. As shown on the graph below, this isn’t one of the higher paying months, but the year-over-year trend is still good — a 71.8% increase from last year. I’m also up to over $8000 in 12-month forward dividends. And, my dividend worker will be bringing in 95 cents per hour if he works non-stop 24/7. Pretty cool.
My dividend income is fairly highly concentrated in just a couple of these, namely GE. I’ve really liked GE as shown by several recent purchases (the latest in July, which I have not written about yet). While I would like to continue to diversify, GE remains incredibly attractive at the $25 price range. I may not be able to resist buying more and getting my share count to an even 10 lots (1000 shares). This high number of shares will be great for any future call selling.
Options: See my options trading page for more details. I have an open put in GILD, which is nearly worthless now but I’ll just let expire in the 18th of August. While I have decent commissions with Schwab, it still can’t compare to the no closing cost that I get at tastyworks.
Total dividends for July 2017: $311.14
Total cumulative dividend income for 2017: $3677.14
Forward 12-Month Dividends: $8325.37
Hourly wage based on 40 hour work week (2087 hrs): $3.99/hour
Hourly wage based on non-stop work (8760 hrs): $0.95/hour
Total option income for July 2017: $87.99
Total cumulative option income for 2017: $565.89
Full disclosure: Long all the above stocks