Dividend Mantra

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Dividend Income Update – March 2011

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One of my favorite things to write about is receiving dividends. This is the juicy part of dividend growth investing. Typically my investments won’t experience the kind of wild swings that growth investments will, so the excitement for me comes when I review the previous month’s dividend income. I wouldn’t have it any other way.

March Dividends Received

  • XOM – $14.52
  • CVX – $7.20
  • MCD – $8.54
  • JNJ – $28.62
  • HGIC – $14.04
  • PEP – $15.84

Total dividends received for the month of March: $88.76

This is a new record for me. Unfortunately, it took almost half my portfolio to get to this amount. I’m building every month, and I’m seeing slow, steady growth. I’m very satisfied with how the Freedom Fund is progressing.

I’m still behind my goal of producing $1,200 in total dividends for the year of 2011. I have produced a total of $157.01 in total dividends for the first three months of the year. I have a long way to go, and I know that my goal is extremely lofty considering where I started the year and also considering my income level. This blog will keep me honest all the way through.

Thanks for reading.

Comments

  1. Are your dividend stocks in a taxable account or non? Are you concerned with future tax rates if in a taxable account?

  2. I hold all positions in a taxable brokerage account. I am not concerned with future tax rates, and I do this because I want to retire young and live off my dividends. If I held positions in an IRA I couldn’t touch them until an appropriate disbursement age. My job does not offer any type of matching 401(k).

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