My favorite post to write each month. This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.
I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.
Here is September’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and taxable brokerage and selectively reinvest dividends, combining them with fresh capital every month or two, in the Loyal3 account. Note: I only recently made the switch to dripping all dividends in my taxable account so that change won’t take effect until mid-September.
Aflac (AFL): $8.19-reinvested into .133 shares @ $61.50 per share.
Visa (V): $2.81-reinvested into .013 shares @ $214.91 per share.
Chevron (CVX): $11.06-reinvested into .087 shares @ $126.82 per share.
Realty Income (O): $2.88-reinvested into .065 shares @ $44.19 per share.
Royal Dutch Shell Class B (RDSB): $13.16-reinvested into .166 shares @ $79.40 per share.
Target (TGT): $8.50
McDonalds (MCD): $4.67
Wal-Mart (WMT): $0.96
IBM (IBM): $9.90
Chevron (CVX): $5.35
Target (TGT): $1.04
Realty Income (O): $19.92
BP (BP): $9.95
September Total: $98.39. Getting soooo close to breaking that $100 mark! I thought I might reach it this month, but fell just short. At my current dividend income rate, I can now consistently cover my car insurance and cell phone bell each month which feels pretty awesome. With recent additions to my small McDonald’s position I should be hitting $100 for the first time in December when all these companies payout again.
Full Disclosure: I am long all stocks mentioned. This post is not intended to be a buy or sell recommendation for any stock mentioned and is for entertainment/educational uses only.
How was your September for dividend income (or portfolio gains for any growth investors)? Share below with a comment and thanks for reading!