Another month has passed by, and it's time for me to post an article on my favorite subject: dividend income. The reason why I love to post articles on 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 and get closer to covering one's expenses.
I'm including my dividend income from the month of February. The dividends received during February were slightly lower than January, but as my portfolio grows and expands the monthly differences will smooth out and matter less as time goes by.
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:
February 2012 Dividends Received
- AT&T Inc. (T) - $22.00
- Vodafone Group Plc (VOD) - $54.23
- General Dynamics Corporation (GD) - $9.40
- Abbott Laboratories (ABT) - $34.08
- Procter & Gamble Company (PG) - $26.78
Total dividends received during the month of February: $146.49
Not bad! This final tally compares very nicely with the total dividends received during February 2011 of $34.90. I hope to continue to have the good fortune and perseverance needed to grow this source of passive income over time. I consider myself pretty lucky to have received nearly $147.00 in income that came without me having to wake up at 6 a.m. and drive into work for a grueling 10-hour workday. The dividends I received this month covered 10.9% of my expenses this month. I'm happy with that!
This is another solid month towards my goal of receiving $2,000 in dividend income through the year of 2012. So far with January and February recorded, I've received $312.18 in dividends through 2012. That's 15.6% of my goal, and I fully expect to exceed $2,000 in dividends this year. I'm extremely excited to be on this journey!
I'll update my dividend income page to reflect February's dividends.
How did the month of February treat you?
Full Disclosure: Long all aforementioned securities.
Thanks for reading.
Photo Credit: sscreations