Yes, three quarter has passed us by *finger snapping*, and with September dividends recorded, I have my first nine months of dividends received and documented! I feel like a big first step has been taken on my journey settling into financial independence. It feels great. It’s the first year where some of the millennials are seeing the bear market since 2008 and I’ve learned a lot along the way. All in all, I feel this year was a great success as my first year of investing as dividend growth investor. I’m on my way!
The dividend income I received for September break $500 again for the third time this year. I’m really excited. One day, I hope to look back on this month and see that this was the turning point. The point where I can start to see how passive income by way of dividends can replace my monthly expense. (As the majority of my FI income is from the rental business which is still semi-passive income.) I’m still a long way off, but September was a big success.
I hope these monthly dividend income reports provide inspiration for any investors out there that are just starting out. It’s easy to see these payments rising month after month and it shows that it’s possible to one day pay for monthly expenses with dividends, which would provide an investor opportunities and freedom to pursue other interests than full-time work. Without further ado:
Date Activity Symbol/Description Net Amount
09/30/15 Dividend UNP – UNION PACIFIC CORP 20 $11.00
09/29/15 Dividend TROW – T ROWE PRICE GROUP INC 10 $5.20
09/25/15 Dividend BAC – BANK OF AMERICA CORP $273.85
09/25/15 Dividend PFG – PRINCIPAL FINANCIAL GROUP 10 $3.80
09/21/15 Dividend D – DOMINION RES INC VA NEW 100 $64.75
09/15/15 Dividend O – REALTY INCOME CORP REIT 50 $9.50
09/11/15 Dividend CC – CHEMOURS CO 2 $1.10
09/11/15 Dividend DD – DU PONT E.I. DE NEMOURS AND COMPANY 10 $3.80
09/10/15 Dividend NSC – NORFOLK SOUTHERN CORP 4 $2.36
09/08/15 Dividend WMT – WAL-MART STORES INC 60 $29.40
09/01/15 Dividend F – FORD MOTOR COMPANY $7.95
09/01/15 Dividend V – VISA INC CLASS A $7.20
09/01/15 Dividend WFC – WELLS FARGO COMPANY 530 198.75
September Total: $618.66
- Jan 2015: $0
February Dividend: $107.67
March Dividend: $658.55
April Dividend: $38.44
May Dividend: $163.30
June Dividend: $577.63
July Dividend: $55.74
August Dividend: $180.72
- September Dividend: $618.66
This month is noticeably higher than the $577.63 in dividends I received in June 2015. That’s a 7.1% increase over the quarter. Considering the market has dropped by 10%, it hasn’t effect my dividend growth progress. That, right there, is great progress, and I hope I can keep up similar levels of success as I go!
I was able to cover just over 24% of my expenses (check out how I kept my lifestyle from inflating) this past month through the power of dividends. It’s really great to know that I was able to cover a quarter of my monthly expenditures by way of complete passive income. The progress of dividend growth investing is real and tangible. The market can decide to mark up or mark down the value of a company day by day, but the dividends will still roll into my brokerage account just like usual. Dividends are reliable just like my expenses, and that’s one of the reasons I plan to use this strategy as my secondary income generator through early retirement. I either use dividend income to continue to reinvest to offset old age expenses or if one day I’m tired of managing property, dividend income will serve as my main source of income. It’s funny when my income is now come from 13 businesses rather than just relying on one company (my job). My job which there is always a risk of getting fired or layoff at anytime, but with pay checks coming form13 different sources, even if I don’t receive pay from 1 or 2, I’m still largely unaffected. That’s the beauty of dividend investing strategy.
With the third quarter of 2015 behind us, I’m now nine full months into one of my goals to generate $3,000 in dividends during the year. The year is 75% over and I am 80% on my way to completing my primary goal. I’m a little ahead. If I December into the calculation, October and November will be bonus. I’ve now received a total of $2401.11 in dividends for the year of 2015.
I’ll update my dividend income page to reflect September dividends.
How are your dividend tallies progressing? Everything progressing the way you had planned?