WWow! This month will mark my 1 full year of tracking dividend income and post it on this blog. Dividend income is my all time favorite subject. The reason why I love to publish articles updating my dividend income is because it’s pure numbers. It’s hard to argue the success of long-term dividend growth investing when you can slowly and surely see dividend income rise over time, getting closer to covering one’s expenses.
Way to go out of 2015 with a BANG! 3 of 12 months with dividend income surpassing the $600 mark.
12/30/2015GS – GOLDMAN SACHS GROUP 123015 10 $6.50
12/30/2015TROW – T ROWE PRICE GROUP I 123015 10 $5.20
12/30/2015UNP – UNION PACIFIC CORP 123015 20 $11.00
12/28/2015PFG – PRINCIPAL FINANCIAL GROUP 122815 10 $3.80
12/24/2015BAC – BANK OF AMERICA CORP 122415 5,688 $284.40
12/21/2015D – DOMINION RES INC VA NEW 122015 100 $64.75
12/15/2015DOV – DOVER CORP COMMON 121515 10 $4.20
12/10/2015IBM – INTERNATIONAL BUSINESS MACHINE CORP 121015 5 $6.50
12/10/2015NSC – NORFOLK SOUTHERN CORP 121015 14 $8.26
12/4/2015TGH – TEXTAINER GRP HLDGS LTD 120415 20 $4.80
12/1/2015CMI – CUMMINS INC 120115 10 $9.75
12/1/2015F – FORD MOTOR COMPANY 120115 73 $10.95
12/1/2015WFC – WELLS FARGO COMPANY 120115 530 $198.75
December Dividend: $642.13
- 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
- October Dividend: $125.23
- November Dividend: $245.15
- December Dividend: $642.13
- Total: $3413.22
This month is noticeably higher than the $618.66 in dividends I received in September 2015. While $642.13 doesn’t look like much, but it’s a 3.66% increase over the quarter. You know, if I can double it two more times, that would be a living wage somewhere in the Midwest, or even in small town on the East Coast. The market has recovered by 10%, it will be hard to find great deals as the month of August and September, but I won’t let that stand in my progress.
I was able to cover just over 47.7% 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 47% of my monthly expenditures without lifting a finger. I don’t have to get up at 4am to be at work somewhere to earn that amount. It’s completely 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 12 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 from 13 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 year of 2015 behind us, I have achieved one of my goals to generate $3,000 in dividends during the year. I’ve now received a total of $3413.22 in dividends for the year of 2015. That’s 113.77% over the set goal.
I’ll add December into my dividend page to reflect the changes.
How’s your December dividend income?