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 going to post the details below of my dividend income from the month of August. I'm also going to include numbers for dividends from the months of May, June and July as well. I wasn't actively blogging for a couple months, but I was of course keeping track of my dividends and you can see what the totals were below. So, this is going to be fun!
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:
August 2012 Dividends Received
- AT&T Inc. (T) - $22.00
- Vodafone Group Plc (VOD) - $99.08
- Raytheon Company (RTN) - $12.50
- General Dynamics Corporation (GD) - $10.20
- The Procter & Gamble Company (PG) - $28.66
- Abbott Laboratories (ABT) - $36.21
Fantastic! Dividends really excite me. Maybe they're not all that exciting to you, but over $200 in income that I didn't have to clock in and do physical labor to earn is amazing to me. The number continues to grow over time as the companies that I've invested in continue to raise their payouts and I also continue to invest freshly allocated capital from my day job. It's a true recipe for success if you think receiving enough passive income to exceed your expenses and inflation is success.
This total is a little higher than the total dividends received in April, my last published update. It's also over three times the amount I received in August of 2011. I like it! This month's dividend total covers 16.9% of my expenses. I'm counting down to the day that number hits 100%!
As promised, I'm going to publish my dividends from the prior three months. For the sake of brevity and not making this an extremely long article, I'm not going to list each individual dividend but rather month-end totals. You can see that during the month of June I received more than $300 in total dividends in one month for the first time ever. The progress is astounding.
May 2012 Dividends - $97.07
June 2012 Dividends - $315.70
July 2012 Dividends - $145.69
These totals have allowed me to make great progress towards my goal of receiving $2,000 in dividend income through the year of 2012. I have now received $1,491.90 in total dividends during the calendar year of 2012 and am 75% of the way there. With only four months to go it looks like I will exceed my goal.
I'll update my dividend income page to reflect August's (as well as May-July) dividends.
Full Disclosure: Long all aforementioned equities.
Photo Credit: sscreations