Dividend backdate: July 2015

By | December 16, 2015

Author: Mr DDU.

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One day we want to be able to live purely off the income from our investments. The earlier this happens in our life, the better.

How will we know when this happens? How do we know if we’re getting any closer?

By tracking it of course. Each month, we’ll add up how much dividend income we’ve received. Hopefully every time we do this it will show the income is steadily increasing, bringing us closer to our goal.

Out of all the things we track, our dividend income is the most important to us.

we have started this post series from July 2015 because the Australian Tax Year/Financial Year runs from 1st July to 30th June. We have been investing for a little while before the blog and we had to start somewhere, the start of the financial year seemed like a clear fit.

If you are reading this quite a bit later than when it was posted, information in this article might not be current, please read here to find our most recent posts on dividend updates or ANZ.

Dividend Update

In July 2015 we were paid the following in cash and franking credits:

But as I said here http://dividendsdownunder.com/2015/12/13/shareholding-review-anz/ this dividend was re-invested into more ANZ shares. We still think it’s very important to track the dividend growth as a dollar amount though.

And what about the dividend in graph form I hear you ask? Well look no further (than just below).

Dividend Update July 2015 graph

This graph isn’t very exciting yet, but as the year progresses there will hopefully be more lovely dividends to show.

So, just over $60 for July 2015. It isn’t a big amount, it isn’t going to pay the rent (not even close), but it’s a start. $60 can pay for a big chunk of a supermarket bill or maybe a nice dinner out somewhere (or a re-invested share as in our case).

The main thing I want to see in a year’s time, is that our July total figure is larger than this year. Even if we don’t own any other shares that pay in July, hopefully ANZ can increase its payment a little bit. But we didn’t have to do anything to earn that $60. That is the beauty of dividends.

 

Thanks for reading this article about our investing journey Down Under.

Onwards and upwards!

7 thoughts on “Dividend backdate: July 2015

  1. DivHut

    Welcome to the dividend growth world. Look forward to following your progress over the coming months and years. It’s great that you are starting out in your 20s. The more time the better for compounding to work its magic. Also, I just learned what a Franking Credit it. Never heard of that before.

    1. Dividends Down Under Post author

      Hi Divhut,

      Thanks for visiting, I really appreciate you coming to check out my blog, please keep checking back!

      I’m definitely in this investing game for the long run and starting out young will really help give me a headstart.

      Franking credits are a great Aussie invention and I’m going to do an in-depth post about what they are all about soon.

  2. Jef Miles

    Good on you for the growth here! It’ll start to add up quickly & know that you’ll get to your goals!

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