Another month has passed by and it is time to update my dividend income report for August 2018.
Last month I received over $460 pure passive income from 33 different income sources.
I usually receive slightly lower payments in February, May, August and November, and I receive higher payment in March, June, September and December.
Therefore, the amount I received last month was not very impressive, but it is growing well year- over- the year with dividend growths and dividend reinvestment.
Hopefully, I will be receiving higher payment for the next August.
For me, $400 is a decent income. I could use the cash to pay a couple of utilities and telecom bills or spend on the thing like clothes or go for a short vacation.
But, I wanted to let the money grow so I reinvested it to buy more income producing asset (dividend stocks).
Usually, I reinvest all the money I receive in my brokerage accounts to purchase more stocks. Also, over 90% of stocks in my portfolio hike dividend at least once a year, and some hike few times a year.
As a result, my estimated yearly dividend income is recently experiencing exponential growth without any new capitals.
For the last 8 months alone, my estimated yearly dividend has increased from $8414 to $9528. It is $1114 increased with the average growth of $139.24 per month. And, I received over $5750 dividends year-to-date.
I am pretty sure it will grow even faster than this in the coming years. At one point in the future, it will overtake my day job salary and give me an option to do whatever I love to do in my life.
I really hope that the September dividend income will be higher than ever as I started to receive a cash dividend from my top holdings. And, December income will be even higher.
I hope you enjoy the post.
- Keep eye on dividends and ignore share prices
- Building Wealth – The Goose that laid the golden eggs
- How I receive low-interest loans?
- I borrow money to invest in stocks (leverage investing)
Let’s get back to the numbers.
I received $460.93 dividend in August 2018, which is 15.74% higher than the dividend I received in August 2017.
Summing up all the dividends I received in 2018, I came up with $5752.52. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 63.92% of the goal.
Dividend income from Canadian stocks
- FC – $7.80
- CGX – $14.50
- XRE – $10.35
- CPD – $4.90
- NWH.UN – $3.33
- NVU.UN – $9.51
- DRG.UN – $3.33
- CAR.UN – $3.33
- REI.UN – $12.00
- ZPR – $2.00
- ZDH – $8.28
- PWF – $64.95
- MRG.UN – $5.50
- BEI.UN – $10.43
- ALA – $27.38
- EMA – $45.21
- IPL – $7.00
- RY – $75.20
- BMO – $48.00
Dividend income from Small-cap Growth portfolio
- TCS – $1.25
- DIV – $1.48
Dividend income from U.S stocks
- PG – $8.61
- KMI – $10.00
- HRL – $4.69
- CL – $2.10
- VZ – $8.85
- GIS – $12.25
- CVS – $7.50
- T – $18.50
- O – $2.20
- OHI – $13.20
- HCP – $3.70
- SBUX – $3.60
Total dividend I received from U.S stock holdings: $95.20
Total: $460.93
Total dividend I received for year 2018: $5752.52
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $9528.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 38.11% of my goal.
I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
If you haven’t done so, please subscribe to our FREE newsletter to stay inspired and also to keep in touch with us.
The post Dividend Income Report August 2018 appeared first on Finance Journey.