Despite that, it was a good month compared to last year!
Total July: $39.71 (pre tax)
Net received: $33.75
Comparison with last year (gross)
July 2015: $22.73
July 2016: $39.71
This is a 175% YoY increase. I think I'm in love with this compounding strategy! It's amazing to see these results in just 12 months of steady investing.
On July 14th, OHI increaseed their quarterly dividend from $0.58 to $0.60.
This is a 3.45% increase. Due to this change, my YOC is now at 7.17%.
That makes OHI my first position that is reaching the 10% YOC. Reaching 10% in 10 years is great, but if the company keeps raising dividends at this pace, we will reach 10% YOC in just 5 years!
Update on goals
My goal is to receive $750 in net dividends in 2016.
Time flies, as 2016 is already over for 58%. Only 5 months remain!
Net dividends received so far: $339.73, while it should have been $435.
I'm way behind and I'm a little bit concerned about this goal, but I will keep investing as good as I possibly can.
How was your July?
Thanks for reading!