This article originally appeared on The Div-Net September 1, 2011
August has come and gone and it seems like it just started yesterday. Sometimes I truly cannot believe how fast time flies by. I don’t mean to say this as a cliche. I actually mean that time seems to fly by for me. This is just one of many reasons I would like to retire so early in life. Once time is behind you, there is no way to get it back. I want to harness as much of that limited time as possible!
I’ve tallied up the dividends received from August, and it’s very close to the total received in July. It’s not a huge number, and I’ve said before that my dividends are pretty small potatoes compared to other bloggers’ dividends…but it’s still just starting for me. I think it won’t be long before I’m looking back on these totals with a big smile as I see where it all began.
August 2011 Dividends Received
- Abbott Laboratories (ABT) – $34.08
- Procter & Gamble (PG) – $26.78
Total dividends received for the month of August: $60.86.
Overall, it was as expected for this month. I had only two positions paying out in August, although they are two of my larger positions. I think I’m very close to the point where double-digit dividend totals are behind me. I look very much forward to receiving dividends over $100 every single month. At any rate, this is passive income…so I didn’t work to receive it. I’m very happy to receive anything at all as quality companies are paying me to invest in them. I’m just incredibly excited every time I log in to my brokerage account to see fresh capital deposited and ready to invest! I can think of few things more exciting.
I’m behind my goal of producing $1,200 in total dividend income for the year of 2011. I have produced a total of $618.57 in dividends through August. I’ll have a pretty tough time making up ground and reaching my goal with only four months to go and it’s highly unlikely I’ll actually reach it. That’s OK, as it’s fun setting up a fairly difficult goal for myself and seeing how close I can get to it. If you aim for the lowest star, you’re sure to reach it. I like to see how high in the sky I can fly!
I’ll update my dividend income page to reflect August’s dividends.
Thanks for reading.
We started around the same time and have very similar goals. I too am anxious to consistently earn greater than $100 per month in dividends. I am still on target to reach $1200 in dividends by the end of the year. I looked forward to 2012 and with my current holdings will collect approximately $2400 in dividends next year (barring any unforeseen dividend cuts or a major market catastrophe).
I think a reasonable expectation for 2012 is $3k in dividends as I will be adding to current positions and investing in new positions.
Cheers to our success!
Income Pirate
August was the month when I received less dividends so far this year.
My original goal was to double dividend income every five years. For now I am a bit ahead of that objective so I will try to accelerate my compounding rate and try to double every four years for as long as I can.
However, looking at future estimations it seems like dividend growth in my picks is going to moderate from previous years. I hope estimations are wrong.
Good luck Mantra and keep on the good work!!
Thanks for the updates, Mantra; interesting stuff!
Thanks for sharing Mantra, you are doing a superb job.
I hope my portfolio at the beginning of the next year will give about 1.000 euros before taxes during 2012.
Good luck Man,
Manefla
Pirate,
Cheers to our success is right. You are making great progress. I only wish I could touch $3K in dividends in 2012. I haven’t put a goal on it yet, and I’ll review my portfolio at the end of the year. I’ll probably be very happy with $1800 in dividends in 2012, but we’ll see!
Oculista,
You’re having tremendous progress. Doubling your dividends every 4 years is wonderful. I’m adding quite a bit of capital every single month….so I’m trying very hard to increase my dividend payouts as fast as possible.
I wish you continued success!!
Pey,
Thanks for stopping by. I appreciate your support!
Manefla,
Sounds like you’re doing really great. 1,000 Euros per month in 2012 would be quite fantastic. That’s a lot of passive income! You have gotta love quality companies paying you to invest in them. It’s a fantastic world we live in.
I wish you the best of luck.
Thanks for sharing your August progress.
I look forward to your updates – they are
a great inspiration as I learn to manage
my fledgling portfolio.
Anonymous,
I’m glad this is inspiring to you. You have a fellow investor with a fledgling portfolio in myself. I wish us both continued success!
Good luck in your journey. Thanks for stopping by!
Hey Mantra,
I think you point my goal for 2027, next year will be just 1.000 euros per year, NOT MONTHLY!!!!
But well, working in it 😉
Manefla
Hi DM,
Great dividend portfolio you have there. Look forward to your September update. For me, I am getting about $600 (Sing dollar) per month in dividends.
Take care!
DM,
Do you have a target figure 10 years from now? Do you expect your portfolio to be in cruise control where re-investing current dividends will serve as future investments?
Thanks
Inq
Manefla,
Whoops…I misread that. I’m sorry.
1,000 Euros in 2012 is still awesome. That’s probably right around what I’ll be expecting in 2012 myself.
Dividends Warrior,
You ARE a warrior. That’s some serious passive income you’re receiving. I hope I’m receiving that kind of income in a couple years.
Best of luck to you! Keep me updated on your progress.
Inq,
10 years from now I hope to be nearing early retirement. I hope to be receiving at least $1,000 a month in dividends by 2022, which is the year I turn 40. I think conservatively I’ll easily make it based on my current progress. I’ll likely exceed that number by quite a bit. $1,000 is my bare minimum, but I’d be much happier near $1,200 a month or more. I’ll have a better idea of my progress half-way through. These numbers are not factoring in any type of major setback, so we’ll see.
Thanks for stopping by!
PD,
Thanks for stopping by, and thanks for the compliments.
You’ve made quite the change, going from $800 to $4700 in just a year and a half. That’s quite fantastic. I know I’ll be nowhere near that kind of progress, but I hope to be near that kind of dividend income in a few years.
I wish you continued success on your journey!
I have been following AFL for the past couple months as well and also pulled the trigger today at a price point very near to yours. I wish the best for our mutual investment! I’ll be writing about my recent buy next week.
Take care.
DM, great progress and keep on building every month!
I changed my investment philosophy to dividend growth investing about about a year and half ago. Prior to my investment philosophical change, I was averaging around $800 worth of dividend income per year. I have been pretty aggressive in adding every month since the light bulb went off and now will pull in $4700 worth of dividend income over the next 12 months. I think you will agree that it is very exciting watching your income grow!
Side note- I know you are following AFL (as I have over the past 6 months). Pulled the trigger today and established a small position at $34.22.
Hi DM!
Great work!
Regarding Aflac I also bought some lately. Im just a little bit worried due to their exposure to junk bonds in Europe like Greece, Irland, Portugal. They are working with this. But i think this i why the stock is depressed.
Keep up the good work!
ägamintid
Hi!
Now I translated my page to English via google translate. Not the best translation but maybe you can understand something.. 🙂
http://agamintid.blogspot.com/
ägamintid,
I’m glad to have another fellow shareholder in AFL. I think they do face headwinds with deregulation in Japan as well as the European sovereign debt on the books…but again, I think these headwinds are more than offset by the value in the price.
I seen your blog. Very nice. Keep up the great work!
Hi Dividend Mantra,
Great job at detailing your dividend income for the month of August. You’re working hard and I commend you for incorporating a dividend approach within your overall investment strategy.
Keep up the great work.
All the best,
TWC
TWC,
Thanks for stopping by, and I really appreciate the encouragement. At the beginning of 2010, I didn’t even know what the word “passive income” really meant and I certainly had no desire to become an investor. My, how things change!
You keep up the great work as well! Hope you’re having a great weekend. Take care.
thanks DM. any particular reason of chosing $1000 /month as your goal?
Inq
inq,
Well, I have $1000/month targeted as my retirement budget. We’ll see how close to that I get. At any rate, I’m targeting $1000/month in dividend income as I suspect that will be my crossover point…where passive income meets expenses.