Welcome to a new report of my Dividend Diary on the TEV Blog. Here, I report the development of a cash flow-oriented investment approach that focuses on generating a passive income through dividends. Against this background, the goal is not to outperform the market but to put food on the table through a regular income via dividends.
With the Dividend Diary, I document how a cash-flow investment approach can be part of well-balanced wealth management. To keep things simple, I have built three pillars:
- Active income.
- Passive income.
- Conversion.
Dividends fall into the last two categories. They are passive because they provide a cash flow without me going to work. Additionally, they are an essential pillar for conversion since they can be reinvested to generate even more income in the future. That is the Theory. Now let’s get down to practice.
My monthly income with dividends in July:
This month, my cash-flow approach generated the following income through dividends:
- Automatic Data Processing (29.35 EUR)
- Publicis (42.73 EUR)
- Kimberly-Clark (23.68 EUR)
- Main Street Capital (20.27 EUR)
- Best Buy (12.86 EUR)
- Iron Mountain (14.80 EUR)
- Merck & Co. (18.52 EUR)
- Altria (21.47 EUR)
- Alexandria Real Estate (28.70 EUR)
- Realty Income (18.75 EUR)
- Cisco Sytems (24.73 EUR)
- Amdocs (14.22 EUR).
The total monthly income with dividends in July (after taxes) was: € 270.08 / appr. $ 293
Dividend income report check
Compared to last year, the performance was okay (+ 9.7 percent YoY). Overall, the development looks like this:
Stock sales in July
Due to the planned delisting, I had to sell all my Stemmer Imaging shares.
Stock purchases in July
I invested the freed-up capital in Mensch und Maschine, Allianz, Talanx, and Booking Holdings.
I also bought more shares of great companies via my automatic investing plan:
- AbbVie
- Assa Abloy
- Amdocs
- Alexandria Real Estate REIT
- Automatic Data Processing
- Booking Holdings
- Cboe Global Markets
- Diageo
- Extra Space Storage
- Emerging Markets ETF
- Japan ETF
- Kontron
- Mensch & Maschine
- Meta
- PepsiCo.
- Realty Income
- Snap-on
- Siemens
- Qualcomm
- Williams-Sonoma
Generals Mills(paused in June due to disappointing dividend hike).
