The beginning of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. August was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat without a single raise my passive income stream will still continue to grow.

For the last several months I have been adding to my existing holdings and I intend to keep adding to those holdings rather than initiate new positions as I am finding ample opportunity to average down on some high quality names sporting much better yields and values. This fact is most reflected in my year over year increase in dividend income in my ROTH as I have been continually adding to my Canadian banks, a little bit at a time, for many months. With that being said, let’s review my August dividend income.

Dividend income from my taxable account totaled $227.49 up from $183.25, an increase of 24.1% from August of last year.

Dividend income from my ROTH account totaled $97.83 up from $24.51 an increase of 299.1% from this time last year.

Dividend income from my IRA account totaled $47.95 up from $0 from this time last year.

Grand total for the month of August: $373.27.

Brokerage Account

Year to date dividends: $2,012.77

ROTH Account

Year to date dividends: $658.47

IRA Account

Year to date dividends: $72.44

Who says dividend growth investing doesn’t work? Just look at the figures above and see what fresh capital, dividend raises and compounding can do to year over year income.