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.
November was actually one of my lighter months this year, but I keep perspective that no matter how light, no matter how small the dividend total may be, this is still completely passive income that I didn’t have just a few years ago. Back in 2009, before I started this journey, any money I had was money I had to go out and work for. There was no money hitting my account without labor on my part, unless it was for a birthday or Christmas. Other than that, if I didn’t work I didn’t eat. Life is a bit different these days, thankfully.
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:
- AT&T Inc. (T) – $22.50
- Toronto-Dominion Bank (TD) – $12.43
- Air Products & Chemicals, Inc. (APD) – $14.20
- Oneok, Inc. (OKE) – $13.30
- Kinder Morgan Inc. (KMI) – $61.50
- Realty Income Corp. (O) – $12.73
- The Procter & Gamble Company (PG) – $30.68
- General Dynamics Corporation (GD) – $11.20
- American Realty Cap Prop Inc. (ARCP) – $7.58
Total dividends received during the month of November: $186.12
Again, not overly impressive on an absolute basis, but it’s still relatively great. I’m truly thankful any time I get cash money deposited into my account with no work on my part. I did nothing to earn this money except for make great decisions with past capital. Decisions like hastening gratification by investing in high quality companies that reward me as a loyal shareholder with a piece of the profit pie. Mmm, pie.
Again, it was relatively great. This was an improvement on the order of 27.9% over the $145.47 in passive dividend income I earned in November of last year. Not bad at all.
I was only able to cover about 7.5% of my expenses in November via dividend income. That’s mainly because I had one of the most expensive months I’ve ever experienced due to my decision to update my wardrobe for the first time in about ten years. I’ll be releasing the budget very soon! It’s not pretty, but it’s honest. And that’s what I offer here at Dividend Mantra: an honest look at one man’s quest for financial freedom.
My goal is to receive $3,500 in dividends during the year of 2013.With the eleventh month now behind us, I’ve received a total of $3,321.39 in dividend income this year. I’m surely going to exceed my goal by a fairly healthy margin as December promises to be a very strong month. I’m greatly looking forward to it!
I’ll update my dividend income page to reflect November’s dividends.
Full Disclosure: Long all aforementioned securities.
How was your November? On your way to exceeding your dividend goals for the year?
Thanks for reading.
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