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 October’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 recently made the switch to dripping all dividends in my taxable account but due to a broker error, the change didn’t end up taking effect until the beginning of November. Mostly my fault, as I didn’t monitor my portfolio too closely over the month of October.
Coca-Cola (KO): $4.40-reinvested into .105 shares @ $41.91 per share.
Realty Income (O): $2.89-reinvested into .067 shares @ $42.89 per share.
General Electric (GE): $5.91-reinvested into .233 shares @ $25.38 per share.
Coca-Cola (KO): $8.08
Dr. Pepper Snapple (DPS): $1.38
Altria (MO): $3.64
Phillip Morris (PM): $22.00
Realty Income (O): $19.96
General Electric (GE): $1.76
October Total: $70.02. As expected, October was a lighter month for dividend income but still managed to increase the amount over last October from $23.99. With two months left in 2014, I’ve now received $696.43 in dividend income and estimated forward 12 month dividends now stands at $1,131.29.
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 October for dividend income (or portfolio gains for any growth investors)? Share below with a comment and thanks for reading!