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.
June was phenomenal for me, as I’m sure it was for many other dividend growth investors. This was a record month for me. I’m extremely proud of what I’ve been able to accomplish thus far, just a little over three years into my journey to financial independence. I started out with exactly $0 in dividend income and as you can see below I’m now far above that level. The wonderful thing is that anyone can do this. I’m not a rocket scientist, but I do have a deep desire to change my financial future. So I’ve decided to live below my means and invest the excess savings into high quality businesses that have a great track record of sharing profits with shareholders via rising dividends. I believe in the power of persistence, and I hope that belief shines in these reports.
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:
- Intel Corporation (INTC) – $54.00
- ConocoPhillips (COP) – $36.30
- Aflac Incorporated (AFL) – $35.00
- Wells Fargo & Co. (WFC) – $27.00
- Wal-Mart Stores, Inc. (WMT) – $17.86
- Phillips 66 (PSX) – $8.44
- Southside Bancshares, Inc. (SBSI) – $13.20
- Lorillard Inc. (LO) – $55.00
- Emerson Electric Co. (EMR) – $24.60
- Chevron Corporation (CVX) – $40.00
- Norfolk Southern Corp. (NSC) – $35.00
- Johnson & Johnson (JNJ) – $66.00
- Harris Corporation (HRS) – $14.80
- Avista Corp. (AVA) – $16.78
- McDonald’s Corporation (MCD) – $46.20
- Digital Realty Trust, Inc. (DLR) – $19.50
- PepsiCo, Inc. (PEP) – $43.70
Total dividends received during the month of June: $553.38
This is the first time I’ve ever crossed the $500 mark in one month. I’m ecstatic. If this doesn’t inspire you and show you that the power to change your future is in your hands, I don’t know what will. I started this journey worth less than $0, with no passive income to speak of and a middle class income to work with. I changed my future, and the me of today is thanking the me of three years ago for getting his act together.
This was a great improvement upon the $315.70 in dividends I received during the month of June 2012. This is an increase of 75.3% year-over-year, which is really superb. I can’t make progress like that indefinitely, but it feels good when I can!
I was able to cover 34.6% of my expenses via dividends during this past month. It feels great that I only had to generate less than 70% of my income by way of labor. The rest was automatically covered because of wonderful decisions I had made in my past to invest spare capital in order to hasten gratification.
My goal is to receive $3,500 in dividends during the year of 2013. With June behind us, we’re now halfway through the year and I was able to generate $1,723.40 in dividends through the first six months of the year. That puts me a little behind my goal, but I’m confident that with new purchases into high quality companies being made every single month I’ll be able to make up ground and exceed my goal.
I’ll update my dividend income page to reflect June’s dividends.
Full Disclosure: Long all aforementioned securities
How did you do? Have a great June? Having a great year?
Thanks for reading.
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