Can we say the best month in dividend income I have ever received? Let me repeat that – NEW DIVIDEND INCOME FOR THE MONTH RECORD! I am so fortunate to be able to talk and write about the production from my cash flowing, dividend producing portfolio. I was very excited to go into the month of June, as many other bloggers were aware based on the comments from their posts. With all of that being said, let us take a look at the month’s recap of the June dividend income I received:
June: I received a total of $753.57 of dividends broken out by the following:
Drumrolls… I seriously can’t believe it. Last year I received $462.52 in dividend income – which by far – was my best month last year. This year, however, I received $291.05 or 63% more in dividend income! I think this really makes me sit down and say – as long as you continue to invest, that you will reap the benefits of what you sow. In this wild market, where valuations are rising higher and higher, as more and more gets pushed into the market via individuals and the FED, though slowing down, is still purchasing bonds – just makes it hard to find the right purchases. Even so, I purchased TGT this month from the research and analysis performed, which allowed me to cross the $100K mark, helping add to the total dividend income projection.
The tough part looking at this, however, is the $313.40 from VGK – an international ETF. It is within my Roth IRA and I will not be touching this account until 59.5. Therefore, the dividend income from there does not allow me to use it today or next year or ten years from now. However, as I said in my Max Out Your Roth to Set and Forget – owning this ETF allows me to reduce the amount of years of investing into a Roth to use those funds in my individual taxable account.
With this $753.57, to be conservative lets say this is 3.50% yielders –> this will add over another $25+ to my annual dividend income just via re-investment alone. I think this is key to remember, we are dividend reinvesters – and those dividends re-invested back into those stocks/funds are owning more shares, which produce dividends and majority of increase their dividend annually to produce more income, etc., etc.. – Clockwork baby! That is the fun part. Your portfolio income is increasing without you having to do a single thing. Just to maintain your research time on the company(s) that you own to ensure they are still fundamentally sound and you will succeed and do well.
Okay – enough about me preaching and about my month. Are you hitting record months? What are you seeing in the market place? Trend in your portfolio? How are you with your goals? This is my favorite time of the month – investment summaries, dividend income breakdowns and goal re-caps. Its a great time to assess your position, situation and see if there are any moves to make to change where you are to stick on your path or to jump over it if you’re feeling aggressive. Fear anything coming forward? Let’s hear it – please post below! Thank you again for visiting, extremely excited for the next 6 months, let the good times dividends roll!
-Lanny