Monthly Income Update: July 2011

Monthly Income Update: July 2011

monthly dividend cash flow reportSince July is the first month of the quarter it’s a “slow” month for dividends and once again fell a little short of the $500/month target I’ve set for the DDI portfolio.

With that said, the portfolio picked up a bit of steam and brought in $408.74 for the month of July which is about a 2% increase over April’s results.

Once again the portfolio saw the largest share of it’s income come from 3 major holdings:

  • Realty Income (ticker: O) brought in $86.93 after it’s recent dividend increase
  • Sabine Royalty Trust (ticker: SBR) brought in $61.39
  • Wells Fargo Preferred (ticker: JWF) brought in $35.16

There were no asset sales or redemption’s this month within the DDI portfolio which is consistent with my long term hold philosophy. With the recent market weakness I’m considering adding additional cash to the portfolio as I look for possible buying opportunities within the portfolio.

I am happy with the portfcash dollar bills daily dividend investorolio’s current diversification and look to continue to drive additional cashflow by increasing my positions in the equities that are already held within the DDI portfolio.

Given the opportunity, I would likely add to one or more of my preferred stock positions since they offer *some* assurance of a pricing floor.

While Sabine Royalty Trust (as well as the other oil related holdings within the portfolio) has performed especially well over the last few months, I am concerned about how the recent drop in oil to the low $80’s is going to affect the portfolio’s income moving forward.

I do expect that we will see oil return to the $90+ level within the next 12 months, so  overall the royalty income should average out and move back up over the longer term.

What do you think?

As I continue to build and grow the DDI portfolio I’d love to hear your feedback. Are you buying for your income portfolio? Selling? Let me know what you think. Do you have a great winner in your portfolio that continues to generate massive cashflow?  Leave a comment or drop me a line – I’m always interested in hearing what you are thinking about the market and how to grow your passive income!

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