Dividend Income Update – May 2011

Another month has come and gone and it’s time to report on dividend income. As my dividend income grows, I get more and more excited about what the future holds for me. Every time I see the month-end statement on dividends received I just smile and think “THIS IS WORKING”.

May 2011 Dividends Received

  • ABT – $34.08
  • PG – $26.78
  • TEF – $34.38

Total dividends received for the month of May: $95.24.

Another solid month, and the figures are growing with each publication. The dividend I received from Telefonica could have been double, but I did not make my second investment with the company in time. You win some, you lose some. I think I got a good value on both purchases. The dividend published here also takes into account the taxes taken out from the Spanish government. That will be reclaimed when I do my taxes next spring. The total dividend received from Telefonica was actually $42.44, but I’m not including the remainder due to the fact that I can’t reinvest it right now. Different investors will track this differently. I like being conservative. If I would have included the full amount I would have finally cracked the triple-digit dividend mark, but that’s ok.

I’m still behind my goal of producing $1,200 in total dividends for the year of 2011. I have produced a total of $318.65 in dividends for the year so far. Every month is a chance to gain ground. I’m excited.

I have updated my dividend income page to reflect May’s dividends.

Thanks for reading.

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3 Comments

  1. Hi Mantra,

    I’m a new reader and follow, you are doing a superb job.

    I’d like to point that it seems Telefonica is actually paying dividends thanks to new debt issues, and probably they will have to cut the dividend (the last according to spanish economics press). In fact i sold my Telefonica investment on January.

    I think maybe you could take a look.

    Very truly,
    Manefla

  2. Manefla,

    Thank you so much for the comment, and I’m glad you discovered the blog…stick around.

    I knew they had some high debt, but it seemed pretty well in-line with other major telecoms due to the high capital outlay needed for networks, etc. I didn’t know the dividend was in danger, as they have committed to raising it again in 2012. I’ll have to research this further. I don’t think I’ll add any further to this position as I was originally planning on it being a smaller position.

    Thank you for the heads-up and I’ll keep an eye on this.

    Take care and keep in touch.

  3. Hey Mantra,

    This week I read in the spanish press that S&P downgraded TEF from A+ to BBB+ because of the bad spanish market and the lowering business in emerging market,

    Have you nws about it?

    Very truly,
    Manefla

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