Dividend Mantra

Helping you be a wise investor, smart spender, and frugal saver.

Dividend Income Update-January/February 2011

By 16 Comments

Each month I will post dividends received in the prior month. I will break these down by company and amount of dividends received per company. Since I recently started this blog, and I would like it to chronicle all of 2011, I will post dividends received in both January and February.

January Dividends Received

  • SYY – $7.54
  • MO – $19.76
  • WMT – $6.05

Total dividends received for the month of January: $33.35

February Dividends Received

  • PG – $16.86
  • ABT – $18.04

Total dividends received for the month of February: $34.90.

Obviously, a month-over-month increase in dividends received is nice, but this was merely a product of my holdings and the month that dividend distributions fall on. I would like to see every month consistently go up, but my portfolio is still in the initial stages and still building…and therefore I may not receive an ever growing stream of income until my number of holdings are large enough that income is spread out evenly over the course of the year. I am far behind my goal of producing a total of $1,200 in total dividend income for the year of 2011. I have produced a total of $68.25 through the first two months of 2011, but I am improving with every month that goes by and every purchase I make. I hope that with the vast amount of my net income I am saving by living frugally, and then putting to work for me I will make up ground in the second half of the year. Wish me luck!

Thanks for reading.

Comments

  3. Anonymous says

    Thanks for the info, it is quite common to see on other blogs I follow, they are already at large numbers for annual dividends received. I am glad to see a ‘beginner’ that I can relate too, b/c I am in the same situation.

  4. Dividend Mantra says

    Anonymous,

    Thanks for visiting. I’m glad you can relate, because I am definitely a beginner (less than 1 year in). I hope you enjoy following along and I wish you success! It’ll be great to see what these numbers look like in 3,5,10 years.

  5. Harry004 says

    Great post.Could you please include some relevant info (withholding tax,good online discount brokerage )for people live in Canada.

  6. Eric74310 says

    Could you imagine you will collect 700$ three years later in March 2014 ?
    Fantastic !

  8. Dividend Mantra says

    Eric,

    It’s definitely been a fantastic journey. I would have never imagined I would have had so much success thus far. Hard work goes a long way, but I’ve also been very lucky. And it’s fantastic to have such amazing support via you readers!

    Thanks for stopping by. 🙂

    Cheers.

  10. Daniel says

    OMG, during this time I was just starting to get out of debt after a long denial… this year hopefully I will be 100% debt free, then I can continue to invest again seriously… gosh I’m soo late already, i’m 45.. 😀 😀 😀 keep it up matey!

  11. Dividend Mantra says

    Daniel,

    It’s never too late to start down the path to financial independence, my friend. The key is to be aggressive here, and stay consistent. Set goals, and work hard to achieve or even exceed them. I know you can do it. 🙂

    Thanks for stopping by and reminding me of where I started!

    Best regards.

  12. Joe says

    Hi, I was wondering how much you had invested when you first started your dividend earning journey? I have a few investment vehicles already (Vanguard funds, Lending Club, etc.) but am interested in getting into stock dividend earning as well. I’m wondering if $15k or $25k is a solid amount to get started with and would like to compare that to your initial jump into this type of investing. Also, how regularly do you add additional funds to your dividend earning portfolio to help it grow?

    Thanks so much for your inspiration –

    Joe

  13. Dividend Mantra says

    Joe,

    I started my journey with $5,000. I had about $7k in my checking account back in early 2010 after starting to live slightly frugally and saving some excess capital. I took $5k out of that and deposited it into my Scottrade account. And that was the seed money that started everything I have now.

    $15k or $25k is definitely more than enough to get started. I reckon that’s a lot more than most people start with. I would personally invest that much money into the market over the course of a few months or so to familiarize myself and get comfortable with what I’m doing. It also sets you up on a regular schedule of investment.

    I typically invest every month. There has only been two months in the last 4+ years I haven’t invested, and that was due to lack of capital availability. Otherwise, I save as much as I can and invest every single month. I would always recommend the same for everyone else. Dollar cost averaging your way into the market takes a lot of emotion out of it. And I think time in the market is a lot more important than timing the market, as timing is impossible.

    I hope that helps. Wish you the best as you start this very exciting journey!

    Cheers

  14. Divcop says

    Mantra, I love this blog! Very entertaining! What stock(s) did you purchase when you first started out DGI with you initial $5,000.00?

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