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.
April was just another fantastic month where I received passive income via dividends from some high quality companies that I have equity positions in. Every time I log in to my brokerage account and see new capital that wasn't there yesterday I get really excited. Maybe I'm easily entertained. I don't know. But what I do know is that this capital continues to get reinvested back into high quality companies so that these dividend tallies expand exponentially over time. It's a surefire recipe for success and I am simply glad I found it at a young age.
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:
April 2013 Dividends Received
- Wal-Mart Stores, Inc. (WMT) - $17.86
- PepsiCo, Inc. (PEP) - $41.39
- The Coca-Cola Company (KO) - $22.40
- Illinois Tool Works Inc. (ITW) - $13.30
- Altria Group Inc. (MO) - $22.88
- Philip Morris International Inc. (PM) - $85.00
- Medtronic, Inc. (MDT) - $9.62
- Sysco Corporation (SYY) - $8.12
- The Bank of Nova Scotia (BNS) - $12.50
This month was definitely kind to me, and a 44.5% improvement upon the $161.26 in dividends I received in April of 2012. That's definitely progress and I can only hope that I continue progressing forward toward my goal of early retirement in a similar fashion as time goes on.
I was able to cover about 14.7% of my expenses via dividends during the month of April. Fantastic, right? That means I only had to come up with 85% of my expenses on my own, and that's during a month where my dividends were slightly below average and my expenses were above average. Sweet! And although I can't wait for the day I hit that elusive 100% mark, I'm enjoying the sweet taste of progress along the way.
We're now four months deep into 2013 and I've been able to generate $1019.38 in dividends this year, including April's tally. That's 29.1% of my goal of generating $3,500 in dividends during the year of 2013. I'm slightly behind my goal so far, but I'm confident I can still make it. A healthy market correction would certainly help my case so that I could buy more shares with my limited capital resources.
I'll update my dividend income page to reflect April's dividends.
How was April for you? Great month of dividends?
Full Disclosure: Long all aforementioned securities
Thanks for reading.
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