Dividends: I received a total of $119.48 in dividends from the following stocks:
- CNI: $6.23
- GPC: $24.75
- ITW: $14.40
- KO: $15.30
- MDT: $14.30
- PM: $38.50
- UNP: $6.00
Dividend Increases: No dividend increases were announced in July for any of my stocks.
Savings: This month I saved $1,626 (54.7%) of my net income, which represents a nice rebound in my savings rate after two below-average months. This results in year-to-date savings of $9,932, which puts me 82.8% of the way toward my goal of $12,000 in savings for 2012. I was also pleasantly surprised to get a small pay raise ($54 per month), so my net income is now slightly higher.
Transactions: I bought one stock this month (click on the transaction to see my post about it):
Portfolio: My portfolio currently consists of 22 stocks and has a market value of $56,536.73 (including cash), which is a 4.3% increase over last month's value. A little less than half of the increase came from capital gains and the rest came from dividends and new capital.
Seeking Alpha: I published two new articles on the investing website Seeking Alpha (click on the titles to go to the articles):
- Illustrating The Factors That Affect Dividend Growth Investing
- Investigating How Stock Price Variability Can Benefit Dividend Growth Investors
Looking Ahead: I anticipate that August will be my best month for dividends in 2012, mainly because I will be receiving my first semi-annual dividend from VOD. My savings rate will probably be decent, although I went on a road trip to visit friends at the start of the month (hence the delay in posting this review), so travel expenses will lower my savings a bit. Due to my strong savings in July and the quarterly income from Seeking Alpha, I will have enough cash to make two or three purchases in August. However, I do not see much in the way of great buying opportunities in the market at the moment. I may consider adding to one or two existing positions in my portfolio, but for the time being I am inclined to wait for a broad market dip.