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.
August was a really great month. I had a huge improvement over last August’s numbers, and progress year-over-year is really what I’m looking at when I publish these reports. Dividend growth investing is designed to drive ever higher dividend income, and when I see much bigger numbers when comparing the same months YOY I get really excited. It’s a dream slowly coming true!
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 2013 Dividends Received
- AT&T Inc. (T) – $22.50
- Toronoto-Dominion Bank (TD) – $12.04
- Vodafone Group Plc (VOD) – $156.40
- Raytheon Company (RTN) – $13.75
- General Dynamics Corporation (GD) – $11.20
- Air Products & Chemicals, Inc. (ADP) – $14.20
- Kinder Morgan Inc. (KMI) – $60.00
- Oneok, Inc. (OKE) – $13.30
- Realty Income Corp. (O) – $7.26
- The Procter & Gamble Company (PG) – $30.68
Total dividends received during the month of August: $341.33
Awesome! That’s a great looking month. I sometimes get wrapped up in my goals and all of the things I want to accomplish down the road, and I forget about how much progress I’ve already made thus far. That’s almost $350 I didn’t have to bust my butt working for. If I could go back in time and tell the me of three years ago that I would already be earning that much dividend income I’d probably laugh. I mean, that kind of income can pay for some serious bills indefinitely. Cell phone? Check. Electric bill? Check. Gas? Check. I’m really blessed to have come so far so fast.
This was a really great improvement over the $208.65 I earned in August of 2012. That’s a full 63.6% increase in dividends YOY. Of course, a lot of that was primarily driven by a huge semi-annual payout by VOD, but I was invested in them last year as well. I just didn’t have as large of a position as I do now. That may change in the future as they have decided to sell off the crown jewel in the 45% ownership of Verizon Wireless.
I was able to cover about 20% of my expenses via dividends this past month. Of course, I’m aiming to cover 100% or more one day, but 20% is 1/5 of the way there and a fantastic start!
My goal is to receive $3,500 in dividends during the year of 2013. With August behind us, we only have four months left in the year. So far in 2013 my portfolio has generated $2,246.45 in passive income via dividends. That means I’m about 64.2% of the way to completing my goal with 66.6% of the year behind us. I’m a little behind schedule, but I’m confident with all the equities I’ve been buying up lately that I’ll exceed my goal. We’ll see how it goes!
I’ll update my dividend income page to reflect August’s dividends.
Full Disclosure: Long all aforementioned securities.
How was your August? A great month of dividend income?
Thanks for reading.
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