July has been and gone, so I can now update my dividend performance for the month. Once again I have achieved an increase from the same month last year (£537.36 compared to £500.11 last year). Although the increase is nowhere near last months, 7.45% is still way above inflation, so if I was living off of my investment income (which is my ultimate goal) I would have increased my real income once more.
The increase in my SIPP is only 1.63% however, as Tesco did not increase their dividend this year (£349.73 vs £60.84), the increase in my ISA however was 43.08% (£100.46 vs £70.21), which is partly due to re-invested dividends and my increased holdings in Glaxo.
My increase in the SIPP is disappointing, but because I have shareholdings in several companies, the problems that Tesco are experiencing, which has meant their dividend was not increased, has been offset by increases elsewhere over the year to give me a reasonable increase overall so far. My SIPP dividend income from Jan to Jul this year is £2294.59 compared to £1770.64 for the same period last year, and this increase is just from re-investing dividends as no additional monies have been paid in this year.
As all my August dividends have been announced, I now know that I will actually break the £1,000 mark for dividends, but I will report the actual numbers in my next dividend update around the end of the month.