We are now in the last two months of the year. Can you believe that? This is actually my last “off” month of 2018. It was still a pretty exciting month. During this month I made two purchases that added over $140 to my forward yearly dividend income. The rest of the month was sitting back and collecting dividend income. This Halloween there were no tricks, but there were plenty of treats. Those treats came in the form of dividends. For the month of October 2018, I received $429.12 in dividends from four (4) companies!
Medical Properties Trust (MPW) – $225.00
Starwood Property Trust (STWD) – $103.20
Realty Income Corp (O) – $41.45
GlaxoSmithKline (GSK) – $59.47
July 2018 Dividend Income Total: $429.12
Not bad for an “off” month. The reason this is an “off” month is that I get paid the least amount of dividends from the fewest companies. On the other hand, I have no complaints about getting paid nearly $430 for literally doing nothing. This October saw a 13.3% year over increase when compared to last October when I earned $378.72 in dividend income. Double-digit growth is always great. My recent ITW purchase will add nicely to this month sets dividend income during the next year. Lastly, we have one dividend increase this month! VFC increased their dividend to $0.51 per share. This raised my forward annual dividend income from $123.28 to $136.68 from VFC for a $13.40 increase.
And that was it for the month. My portfolio now stands to generate $9,282 in dividend income over the next 12 months. Woah, wait a minute! That means I am $718 away from breaking the $10K milestone! I find that it is highly probable that I will reach the milestone next year. There are two more months left this year and while I probably won’t make any more purchases, organic dividend growth will continue to drive me towards that milestone. That is one of the best features of the snowball. So how did the rest of you do this month? Let me know in the comments below.
Like this:
Like Loading...