Well, 2012 is off to a wonderful start for me. We're only one month into the year and I've already received a raise at work, accomplished one of my goals by purchasing a vehicle to get me reliably (hopefully) to work and home and I've received a solid month's worth of dividends which I reinvested into Philip Morris International (PM) and Norfolk Southern Corp. (NSC). That's a solid start! Hopefully the rest of the year goes as well.
The dividends I received for the month of January are recorded below. It's not my largest tally ever, but it's another solid month of passive income. It's income that I wouldn't have had otherwise, if I spent all my capital on depreciating goods instead of appreciating assets.
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:
January 2012 Dividends Received
- PepsiCo, Inc. (PEP) - $29.87
- Wal-Mart Stores, Inc. (WMT) - $13.87
- Philip Morris International Inc. (PM) - $46.20
- Illinois Tool Works Inc. (ITW) - $12.60
- Altria Group, Inc. (MO) - $21.32
- Total S.A. (TOT) - $25.03
- Sysco Corporation (SYY) - $7.83
- Medtronic, Inc. (MDT) - $8.97
Total dividends received for the month of January: $165.69
A great month of passive income! This is a healthy increase since January 2011's dividends of $33.35. This just goes to show you the power of continuing to stick to a plan, which in my case is reinvesting dividends and allocating fresh capital towards attractive equity opportunities.
This is a great start towards my goal of receiving $2,000 in dividends through the year of 2012. In fact, to receive $2,000 this year I'd have to average $166.67 per month in dividends. So, it looks like I'm right on track! This is a phenomenal first step for this year, and I'm more than confident that I'll achieve my goal! Please stay tuned and let's grow our wealth together.
I'll update my dividend income page to reflect January's dividends.
How is your journey to ever-increasing passive income going?
Full Disclosure: I'm long all securities mentioned.
Thanks for reading.
Photo Credit: sscreations