Friday, August 16, 2013

Milestone: $300 in Dividends in a Single Month

It was in December 2012 that I reached the milestone of getting over $200 in dividends in a single month. Not surprisingly, due to quarterly payment schedules I also hit that mark in March and June of this year. Thanks to a cluster of dividend payments yesterday and a massive dividend from VOD about a week ago, I have now received over $300 in dividends in August. This represents another important milestone on my road to building a sustainable and rising stream of dividend income.

Sticking with $100 increments, my next monthly dividend income milestone is $400. It is difficult to predict when I might reach it, but August 2014 seems most probable at this time.

Milestone history for dividends in a single month:
  • $100: March 2012
  • $200: December 2012
  • $300: August 2013
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6 comments:

  1. AnonymousAugust 16, 2013 at 8:23 PM

    Hi DGI, That is really cool to see. I take it the more the monthly dividends are the more funds you would have to keep reinvesting in either existing or new positions to increase the rate of growth as well. It is always motivating to see that dividend growth in the making. Looking forward for your monthly, quarterly and yearly reviews. Best of Luck Regards

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    1. Dividend Growth MachineAugust 18, 2013 at 5:44 PM

      Anonymous: Thank you! The combination of regular new capital investment, organic dividend growth, and dividend reinvestment should allow me to maintain a solid dividend growth rate for several years. Once the effect of compounding becomes more salient, it will take less time for my dividend income to increase by a given amount. It will be interesting to chart my progress over a period of several years.

      Delete
  2. Compounding IncomeAugust 16, 2013 at 11:58 PM

    Congrats on raking in the big bucks now! The awesome part is that the monthly income rolling in makes a noticeable difference when buying new shares (that's the secret to income investing).

    May time be on our side!

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    1. Dividend Growth MachineAugust 18, 2013 at 5:45 PM

      CI: Thanks! Indeed, the compounding effect of reinvesting these dividends should pay off nicely in the long run.

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  3. Dividend MantraAugust 17, 2013 at 3:28 PM

    DGM,

    Congrats. This is tangible progress that you can see, and the best part is that this success (higher monthly dividends) translates to even more success because the passive income is able to be rolled into new investments. That's dividend growth investing in a nutshell. Compounding is a beautiful thing. :)

    Best wishes!

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    1. Dividend Growth MachineAugust 18, 2013 at 5:46 PM

      DM: You hit the nail on the head: tangible progress plus long-term compounding = a recipe for investing success.

      Delete

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